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)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6165,9966,703
Cash and cash equivalents6,6161,5752,340
Short-term investments  4,4214,363
Receivables9051,4191,762
Inventory, net of allowances, customer advances and progress billings4,4194,7274,033
Inventory4,4194,7274,033
Other undisclosed current assets451267864
Total current assets:12,39112,40913,362
Noncurrent Assets
Operating lease, right-of-use asset415543 
Property, plant and equipment282322
Long-term investments and receivables  319325
Long-term investments  319325
Intangible assets, net (including goodwill)4801,0781,126
Goodwill  287287
Intangible assets, net (excluding goodwill)480791839
Other noncurrent assets161616
Total noncurrent assets:9391,9791,489
TOTAL ASSETS:13,33014,38814,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1252,0042,238
Accounts payable1,5071,6271,583
Accrued liabilities618377655
Deferred revenue 3,3342,2453,158
Other undisclosed current liabilities14132418
Total current liabilities:5,6004,5735,414
Noncurrent Liabilities
Liabilities, other than long-term debt15129622
Deferred rent credit   22
Operating lease, liability151296 
Total noncurrent liabilities:15129622
Total liabilities:5,7514,8695,436
Equity
Equity, attributable to parent7,5799,5199,415
Additional paid in capital12,46212,65312,500
Accumulated deficit(4,883)(3,134)(3,085)
Total equity:7,5799,5199,415
TOTAL LIABILITIES AND EQUITY:13,33014,38814,851

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
Revenues20,20722,15318,351
Cost of revenue
(Cost of Goods and Services Sold)
(14,897)(16,439)(13,890)
Gross profit:5,3105,7144,461
Operating expenses(7,285)(6,387)(6,223)
Operating loss:(1,975)(673)(1,762)
Nonoperating income177498417
Investment income, nonoperating 127(40)
Interest and debt expense   705
Loss from continuing operations before equity method investments, income taxes:(1,798)(175)(640)
Other undisclosed loss from continuing operations before income taxes   (705)
Loss from continuing operations:(1,798)(175)(1,345)
Loss before gain (loss) on sale of properties:(221)(1,345)
Net loss:(1,798)(175)(1,345)
Other undisclosed net loss attributable to parent(1)  
Net loss available to common stockholders, diluted:(1,799)(175)(1,345)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
Net loss:(1,798)(175)(1,345)
Comprehensive loss, net of tax, attributable to parent:(1,798)(175)(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: