Skkynet Cloud Systems, Inc. (SKKY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2233 ARGENTIA ROAD MISSISSAUGA, ON L5N 2X7 |
| State of Incorp. | NV |
| Fiscal Year End | October 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 1/31/2024 MRQ | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 917 | 730 | 798 | 817 | 700 | 677 | |||
| Cash and cash equivalents | 917 | 730 | 798 | 817 | 700 | 677 | |||
| Receivables | 306 | 382 | 260 | 201 | 146 | 203 | |||
| Inventory, net of allowances, customer advances and progress billings | 2 | ||||||||
| Inventory | 2 | ||||||||
| Prepaid expense | 24 | 26 | 20 | 18 | 11 | 7 | |||
| Other undisclosed current assets | 5 | ||||||||
| Total current assets: | 1,252 | 1,138 | 1,077 | 1,035 | 857 | 890 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 16 | 41 | ✕ | ||||||
| Property, plant and equipment | 5 | 7 | 10 | 12 | 8 | 6 | |||
| Other noncurrent assets | 7 | ||||||||
| Total noncurrent assets: | 5 | 7 | 27 | 53 | 8 | 13 | |||
| TOTAL ASSETS: | 1,257 | 1,145 | 1,104 | 1,088 | 866 | 903 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 85 | 58 | 160 | 157 | 97 | 75 | |||
| Accrued liabilities | 115 | 222 | 223 | 77 | 84 | ||||
| Other undisclosed accounts payable and accrued liabilities | 85 | (57) | (62) | (66) | 20 | (10) | |||
| Deferred revenue | 360 | 112 | ✕ | ||||||
| Debt | 21 | ||||||||
| Other undisclosed current liabilities | 96 | 397 | 443 | 391 | 77 | 173 | |||
| Total current liabilities: | 541 | 455 | 603 | 569 | 286 | 247 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 20 | ||||||||
| Operating lease, liability | 20 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | 19 | 48 | 30 | ||||||
| Total noncurrent liabilities: | 19 | 48 | 50 | ||||||
| Total liabilities: | 541 | 474 | 651 | 619 | 286 | 247 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 716 | 671 | 453 | 469 | 580 | 656 | |||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Common stock | 53 | 53 | 52 | 52 | 52 | 51 | |||
| Additional paid in capital | 7,147 | 6,991 | 6,790 | 6,595 | 6,192 | 5,833 | |||
| Accumulated other comprehensive income (loss) | 74 | 76 | 81 | 56 | 65 | (75) | |||
| Accumulated deficit | (6,559) | (6,449) | (6,470) | (6,234) | (5,923) | (5,347) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 194 | 194 | |||
| Other undisclosed equity | |||||||||
| Total equity: | 716 | 671 | 453 | 469 | 580 | 656 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,257 | 1,145 | 1,104 | 1,088 | 866 | 903 | |||
Income Statement (P&L) ($ in thousands)
| 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,374 | 2,157 | 1,830 | 1,507 | 1,367 | 1,466 | ||
| Cost of revenue | (51) | |||||||
| Gross profit: | 2,374 | 2,157 | 1,830 | 1,507 | 1,367 | 1,415 | ||
| Operating expenses | (2,492) | (2,217) | (874) | (1,897) | (1,925) | (1,916) | ||
| Other operating expense, net (Other Expenses) | (2) | |||||||
| Other undisclosed operating income (loss) | (1,112) | (2) | 2 | |||||
| Operating income (loss): | (118) | (60) | (156) | (392) | (557) | (500) | ||
| Nonoperating income (expense) | (10) | 54 | (107) | 65 | (23) | (23) | ||
| Loss, foreign currency transaction, before tax | (73) | (6) | ||||||
| Other nonoperating income (expense) | (10) | 54 | (34) | 65 | (17) | (23) | ||
| Interest and debt expense | (19) | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 73 | (0) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (146) | (6) | (189) | (327) | (580) | (523) | ||
| Other undisclosed income from continuing operations before income taxes | 19 | 6 | ||||||
| Income (loss) from continuing operations before income taxes: | (128) | (6) | (189) | (327) | (575) | (523) | ||
| Income tax expense (benefit) | 30 | (30) | 32 | |||||
| Income (loss) from continuing operations: | (98) | (6) | (189) | (327) | (605) | (491) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (189) | (327) | (574) | (491) | |
| Income from discontinued operations | 31 | |||||||
| Other undisclosed net loss | (2) | |||||||
| Net income (loss): | (98) | (6) | (189) | (327) | (576) | (491) | ||
| Other undisclosed net income attributable to parent | 39 | 26 | 16 | |||||
| Net income (loss) attributable to parent: | (98) | 33 | (164) | (311) | (576) | (491) | ||
| Preferred stock dividends and other adjustments | 12 | (12) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (12) | (12) | (23) | |||||
| Net income (loss) available to common stockholders, diluted: | (109) | 33 | (164) | (323) | (587) | (502) | ||
Comprehensive Income ($ in thousands)
| 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (98) | (6) | (189) | (327) | (576) | (491) | ||
| Other comprehensive income (loss) | 5 | (24) | (9) | 140 | (14) | |||
| Comprehensive income (loss): | (98) | (1) | (214) | (336) | (436) | (505) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (10) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (108) | (1) | (214) | (336) | (436) | (505) | ||
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.