Moving iMage Technologies Inc. (MITQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 17760 NEWHOPE STREET
FOUNTAIN VALLEY, CA 92708
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1396,6166,703
Cash and cash equivalents5,1396,6162,340
Short-term investments   4,363
Receivables1,1389051,762
Inventory, net of allowances, customer advances and progress billings4,4594,4194,033
Inventory4,4594,4194,033
Other undisclosed current assets954451864
Total current assets:11,69012,39113,362
Noncurrent Assets
Operating lease, right-of-use asset282415 
Property, plant and equipment352822
Long-term investments and receivables   325
Long-term investments   325
Intangible assets, net (including goodwill)4514801,126
Goodwill   287
Intangible assets, net (excluding goodwill)451480839
Other noncurrent assets161616
Total noncurrent assets:7849391,489
TOTAL ASSETS:12,47413,33014,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8742,1252,238
Accounts payable1,1921,5071,583
Accrued liabilities682618655
Deferred revenue  3,3343,158
Other undisclosed current liabilities3,46714118
Total current liabilities:5,3415,6005,414
Noncurrent Liabilities
Liabilities, other than long-term debt  15122
Deferred rent credit   22
Operating lease, liability  151 
Total noncurrent liabilities:  15122
Total liabilities:5,3415,7515,436
Equity
Equity, attributable to parent7,1337,5799,415
Additional paid in capital12,37112,46212,500
Accumulated deficit(5,238)(4,883)(3,085)
Total equity:7,1337,5799,415
TOTAL LIABILITIES AND EQUITY:12,47413,33014,851

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
Revenues19,41320,20718,351
Cost of revenue
(Cost of Goods and Services Sold)
(14,395)(14,897)(13,890)
Gross profit:5,0185,3104,461
Operating expenses(7,351)(7,285)(6,223)
Operating loss:(2,333)(1,975)(1,762)
Nonoperating income228177417
Interest and debt expense   705
Loss from continuing operations before equity method investments, income taxes:(2,105)(1,798)(640)
Other undisclosed loss from continuing operations before income taxes   (705)
Loss from continuing operations:(2,105)(1,798)(1,345)
Loss before gain (loss) on sale of properties:(1,345)
Net loss:(2,105)(1,798)(1,345)
Other undisclosed net loss attributable to parent(1)(1) 
Net loss available to common stockholders, diluted:(2,106)(1,799)(1,345)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
Net loss:(2,105)(1,798)(1,345)
Comprehensive loss, net of tax, attributable to parent:(2,105)(1,798)(1,345)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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