Micro Imaging Technology Inc (MMTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 23456 S POINTE DR
LAGUNA HILLS, CA 92653-1512
State of Incorp. CA
Fiscal Year End October 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

7/31/2014
Q3
4/30/2014
Q2
1/31/2014
Q1
10/31/2013
Q4
7/31/2013
Q3
4/30/2013
Q2
1/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   5,00751413,1432,962
Cash and cash equivalents   5,00751413,1432,962
Inventory, net of allowances, customer advances and progress billings67,48767,48767,48767,48767,48767,487
Inventory67,48767,48767,48767,48767,48767,487
Prepaid expense4,2842,9288974,720 
Prepaid expense and other current assets4,72016,141
Other undisclosed current assets     2,00012,015
Total current assets:71,77170,41573,39172,72187,35098,605
Noncurrent Assets
Property, plant and equipment82,16897,186111,570   
Other undisclosed noncurrent assets    91,679104,401113,777
Total noncurrent assets:82,16897,186111,57091,679104,401113,777
TOTAL ASSETS:153,939167,601184,961164,400191,751212,382
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  33,50031,500  
Interest and dividends payable      
Employee-related liabilities      
Accounts payable  33,50031,500  
Accrued liabilities      
Debt398,962408,801351,318289,818164,500142,000
Derivative instruments and hedges, liabilities   75,557   
Due to related parties      
Other undisclosed current liabilities1,064,128963,347721,855741,468729,847635,996
Total current liabilities:1,463,0901,372,1481,182,2301,062,786894,347777,996
Noncurrent Liabilities
Long-term debt and lease obligation     1,95046,950
Long-term debt, excluding current maturities     1,95046,950
Other undisclosed noncurrent liabilities26,00026,00026,00026,00025,9903,238
Total noncurrent liabilities:26,00026,00026,00026,00027,94050,188
Total liabilities:1,489,0901,398,1481,208,2301,088,786922,287828,184
Equity
Equity, attributable to parent, including:(1,335,151)(1,230,547)(1,023,269)(924,386)(730,536)(615,802)
Common stock58,42653,81451,53150,33149,45547,250
Additional paid in capital45,769,29245,699,30345,335,03145,276,63145,230,68845,043,499
Retained earnings (accumulated deficit)  46,409,831   
Other undisclosed equity, attributable to parent (47,162,869)(46,983,664)(92,819,662)(46,251,348)(46,010,679)(45,706,551)
Total equity:(1,335,151)(1,230,547)(1,023,269)(924,386)(730,536)(615,802)
TOTAL LIABILITIES AND EQUITY:153,939167,601184,961164,400191,751212,382

Income Statement (P&L) (USD)

7/31/2014
Q3
4/30/2014
Q2
1/31/2014
Q1
10/31/2013
Q4
7/31/2013
Q3
4/30/2013
Q2
1/31/2013
Q1
Operating expenses(157,734)(467,924)(167,976)(224,326)(300,050)(285,546)
Operating loss:(157,734)(467,924)(167,976)(224,326)(300,050)(285,546)
Nonoperating income (expense)(21,471)(104,309)9,493(16,343)(4,078)(7,924)
Other nonoperating income (expense)   42,043(2,616)  
Interest and debt expense(47,753)(34,632)(38,992)(16,038)(4,080)(7,935)
Other undisclosed income from continuing operations before equity method investments, income taxes47,75334,63238,99216,0384,0807,935
Loss from continuing operations before income taxes:(179,205)(572,233)(158,483)(240,669)(304,128)(293,470)
Income tax expense  (1,600)   (1,600)
Loss from continuing operations:(179,205)(573,833)(158,483)(240,669)(304,128)(295,070)
Loss before gain (loss) on sale of properties:(179,205)(573,833)(158,483)(240,669)(304,128)(295,070)
Other undisclosed net loss    (13,727)  
Net loss:(179,205)(573,833)(158,483)(254,396)(304,128)(295,070)
Net loss attributable to noncontrolling interest(22,938)(48,657)(20,021)(16,038)(43,097)(39,955)
Other undisclosed net income attributable to parent   2,128,421   
Net income (loss) attributable to parent:(202,143)(622,490)1,949,917(270,434)(347,225)(335,025)
Other undisclosed net income (loss) available to common stockholders, basic45,87697,314(2,088,379)32,07686,19479,910
Net loss available to common stockholders, diluted:(156,267)(525,176)(138,462)(238,358)(261,031)(255,115)

Comprehensive Income (USD)

7/31/2014
Q3
4/30/2014
Q2
1/31/2014
Q1
10/31/2013
Q4
7/31/2013
Q3
4/30/2013
Q2
1/31/2013
Q1
Net loss:(179,205)(573,833)(158,483)(254,396)(304,128)(295,070)
Comprehensive loss:(179,205)(573,833)(158,483)(254,396)(304,128)(295,070)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22,93848,65720,02116,03843,09739,955
Comprehensive loss, net of tax, attributable to parent:(156,267)(525,176)(138,462)(238,358)(261,031)(255,115)

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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