Skkynet Cloud Systems Inc (SKKY) financial statements (2021 and earlier)

Company profile

Business Address 2233 ARGENTIA ROAD
MISSISSAUGA, ON L5N 2X7
State of Incorp. NV
Fiscal Year End October 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments621817700677583267470
Cash and cash equivalents621817700677583267470
Receivables237201146203147157168
Inventory, net of allowances, customer advances and progress billings   23411
Inventory   23411
Prepaid expense15181172011 
Other undisclosed current assets2      
Total current assets:8741,035857890752439650
Noncurrent Assets
Operating lease, right-of-use asset3541 
Property, plant and equipment121286112
Other noncurrent assets   769 
Other undisclosed noncurrent assets      9
Total noncurrent assets:475381371111
TOTAL ASSETS:9211,088866903759450660
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1881579775575993
Accrued liabilities 2237784305024
Other undisclosed accounts payable and accrued liabilities188(66)20(10)27969
Deferred revenue167 112
Debt2121     
Deferred revenue and credits1039578
Other undisclosed current liabilities 39177173305024
Total current liabilities:375569286247190204195
Noncurrent Liabilities
Long-term debt and lease obligation1420     
Operating lease, liability1420 
Other undisclosed noncurrent liabilities4730     
Total noncurrent liabilities:6150     
Total liabilities:436619286247190204195
Stockholders' equity
Stockholders' equity attributable to parent, including:485469580656569246465
Preferred stock0000000
Common stock52525251515151
Additional paid in capital6,6446,5956,1925,8335,2414,1903,314
Accumulated other comprehensive income (loss)655665(75)(60)(75)(78)
Retained earnings (accumulated deficit)6,276(6,234)(5,923)(5,347)(4,856)(4,113)(3,016)
Other undisclosed stockholders' equity attributable to parent(12,552)0194194194194194
Total stockholders' equity:485469580656569246465
TOTAL LIABILITIES AND EQUITY:9211,088866903759450660

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

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Revenues1,5261,5071,3671,4661,3361,1721,222
Revenue, net1,336 1,222
Cost of revenue   (51)(32)(23)(32)
Cost of goods and services sold    (32)(23)(32)
Other undisclosed gross profit1      
Gross profit:1,5271,5071,3671,4151,3041,1491,190
Operating expenses(1,915)(1,897)(1,925)(1,916)(2,054)(2,296)(2,574)
Other operating expense, net
(Other Expenses)
  (2)    
Other undisclosed operating income (loss)(2)(2)2  (1)(70)
Operating loss:(391)(392)(557)(500)(750)(1,148)(1,455)
Nonoperating income (expense)3065(23)(23)(26)1764
Foreign currency transaction loss, before tax  (6)    
Other nonoperating income (expense)3065(17)(23)(26)1764
Interest and debt expense      0
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)(0)    (0)
Loss from continuing operations before equity method investments, income taxes:(361)(327)(580)(523)(776)(1,131)(1,390)
Other undisclosed income from continuing operations before income taxes  6    
Loss from continuing operations before income taxes:(361)(327)(575)(523)(776)(1,131)(1,390)
Income tax expense (benefit)(16) (30)323334 
Loss from continuing operations:(377)(327)(605)(491)(743)(1,097)(1,390)
Income from discontinued operations  31    
Loss before gain (loss) on sale of properties:(377)(327)(574)(491)(743)(1,097)(1,390)
Other undisclosed net loss  (2)    
Net loss:(377)(327)(576)(491)(743)(1,097)(1,390)
Other undisclosed net income attributable to parent3216    78
Net loss attributable to parent:(345)(311)(576)(491)(743)(1,097)(1,312)
Preferred stock dividends and other adjustments  12(12)(12)(12) 
Other undisclosed net loss available to common stockholders, basic(12)(12)(23)    
Net loss available to common stockholders, diluted:(356)(323)(587)(502)(755)(1,109)(1,312)

Comprehensive Income ($ in thousands)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Net loss:(377)(327)(576)(491)(743)(1,097)(1,390)
Other comprehensive income (loss)5(9)140(14)15(3)(89)
Comprehensive loss:(372)(336)(436)(505)(728)(1,100)(1,479)
Other undisclosed comprehensive income, net of tax, attributable to parent19      
Comprehensive loss, net of tax, attributable to parent:(352)(336)(436)(505)(728)(1,100)(1,479)

Statements sources

The financial statements are based on the company's filings with the 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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