SOUTHERN ITS INTERNATIONAL, INC. (SITS) Financial Statements (2025 and earlier)

Company Profile

Business Address 42215 WASHINGTON STREET
PALM DESERT, CA 92211
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2016
MRQ
12/31/2015
ASSETS
Current Assets
Prepaid expense2
Other undisclosed current assets25
Total current assets:27
Noncurrent Assets
Property, plant and equipment3
Total noncurrent assets:3
TOTAL ASSETS:30
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities458
Accrued liabilities458
Other undisclosed accounts payable and accrued liabilities 
Other undisclosed current liabilities2,616
Total current liabilities:3,075
Noncurrent Liabilities
Total liabilities:3,075
Equity
Equity, attributable to parent(3,045)
Preferred stock5
Common stock21
Additional paid in capital6,098
Accumulated deficit(9,169)
Total equity:(3,045)
TOTAL LIABILITIES AND EQUITY:30

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

9/30/2016
TTM
12/31/2015
Revenues1,390
Cost of revenue
(Cost of Goods and Services Sold)
(1,377)
Gross profit:13
Operating expenses(295)
Operating loss:(282)
Nonoperating expense(736)
Other nonoperating expense(736)
Interest and debt expense(42)
Loss from continuing operations before equity method investments, income taxes:(1,060)
Other undisclosed income from continuing operations before income taxes42
Loss from continuing operations:(1,018)
Other undisclosed net loss 
Net loss:(1,018)
Other undisclosed net income attributable to parent 
Net loss available to common stockholders, diluted:(1,018)

Comprehensive Income ($ in thousands)

9/30/2016
TTM
12/31/2015
Net loss:(1,018)
Comprehensive loss, net of tax, attributable to parent:(1,018)

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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