Summit Networks Inc. (SNTW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3010-8888 ODLIN CRESENT RICHMOND, BC V6X 3Z8 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 4953 - Refuse Systems (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 7/31/2020 | 7/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 102 | 150 | 9 | 81 | 305 | 1 | |||
| Cash and cash equivalents | 102 | 150 | 9 | 81 | 305 | 1 | |||
| Receivables | 466 | ||||||||
| Prepaid expense | 5 | ||||||||
| Deposits current assets | 13 | 13 | |||||||
| Other undisclosed current assets | 2 | 2 | (466) | ||||||
| Total current assets: | 117 | 164 | 9 | 81 | 310 | 1 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3 | ||||||||
| Total noncurrent assets: | 3 | ||||||||
| TOTAL ASSETS: | 117 | 164 | 9 | 84 | 310 | 1 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 27 | 124 | 176 | 143 | 10 | 34 | |||
| Other undisclosed accounts payable and accrued liabilities | 27 | 124 | 176 | 143 | 10 | 34 | |||
| Due to related parties | ✕ | ✕ | ✕ | 579 | 595 | 519 | 53 | ||
| Other undisclosed current liabilities | 579 | 579 | 16 | ||||||
| Total current liabilities: | 606 | 703 | 771 | 738 | 528 | 87 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed noncurrent liabilities | (310) | ||||||||
| Total noncurrent liabilities: | (310) | ||||||||
| Total liabilities: | 606 | 703 | 771 | 738 | 218 | 87 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (490) | (538) | (762) | (654) | (218) | (86) | |||
| Common stock | 68 | 67 | 62 | 62 | 64 | 6 | |||
| Additional paid in capital | 688 | 589 | 394 | 394 | 362 | 71 | |||
| Accumulated deficit | (1,246) | (1,194) | (1,218) | (1,110) | (644) | (512) | |||
| Other undisclosed equity, attributable to parent | 349 | ||||||||
| Other undisclosed equity | 310 | ||||||||
| Total equity: | (490) | (538) | (762) | (654) | 92 | (86) | |||
| TOTAL LIABILITIES AND EQUITY: | 117 | 164 | 9 | 84 | 310 | 1 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue from Related Parties) | 349 | |||||||
| Gross profit: | 349 | |||||||
| Operating expenses | (190) | (165) | (108) | (573) | (132) | (382) | ||
| Other undisclosed operating loss | (338) | |||||||
| Operating loss: | (190) | (165) | (108) | (573) | (132) | (371) | ||
| Nonoperating income (expense) | 191 | 189 | (5) | |||||
| Investment income, nonoperating | (5) | |||||||
| Other nonoperating income | 191 | 189 | ||||||
| Income (loss) from continuing operations: | 1 | 24 | (108) | (573) | (132) | (376) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (573) | (132) | (376) | |
| Net income (loss): | 1 | 24 | (108) | (573) | (132) | (376) | ||
| Other undisclosed net income attributable to parent | 119 | |||||||
| Net income (loss) available to common stockholders, diluted: | 1 | 24 | (108) | (454) | (132) | (376) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1 | 24 | (108) | (573) | (132) | (376) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1 | 24 | (108) | (573) | (132) | (376) | ||
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.