AVANT TECHNOLOGIES INC. (TREN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5348 VEGAS DRIVE LAS VEGAS, NV 89108 |
| State of Incorp. | |
| Fiscal Year End | March 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 107 | 33 | 60 | 27 | ||||
| Cash and cash equivalents | 107 | 33 | 60 | 27 | ||||
| Short-term investments | (0) | |||||||
| Receivables | 4 | 64 | 1 | |||||
| Prepaid expense | 0 | 126 | 204 | 9 | 25 | |||
| Intangible current assets | 134 | 123 | 171 | |||||
| Other current assets | 25 | |||||||
| Other undisclosed current assets | (134) | 44 | 122 | 111 | (51) | |||
| Total current assets: | 108 | 331 | 620 | 148 | 0 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 2 | 2 | 57 | 6 | ||||
| Property, plant, and equipment, collections, not capitalized | 0 | ✕ | ✕ | |||||
| Long-term investments and receivables, including: | 125 | 31 | ||||||
| Long-term investments | 125 | |||||||
| Other undisclosed long-term investments and receivables | 31 | |||||||
| Intangible assets, net (including goodwill) | 149 | 280 | 84 | 218 | ||||
| Intangible assets, net (excluding goodwill) | 149 | 280 | 84 | 218 | ||||
| Deferred costs | 8 | 2 | ||||||
| Other noncurrent assets | (155) | 2 | 0 | |||||
| Other undisclosed noncurrent assets | 138 | (165) | 111 | (353) | (32) | |||
| Total noncurrent assets: | 134 | 124 | 196 | 51 | 5 | |||
| Other undisclosed assets | 221 | 20 | ||||||
| TOTAL ASSETS: | 241 | 455 | 816 | 420 | 25 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 237 | 196 | 345 | 85 | ||||
| Employee-related liabilities | ✕ | ✕ | 191 | 73 | 68 | |||
| Accounts payable | 44 | 2 | 271 | 6 | ||||
| Accrued liabilities | 193 | 3 | 1 | 11 | ||||
| Other undisclosed accounts payable and accrued liabilities | ||||||||
| Debt | 99 | 346 | 67 | |||||
| Other liabilities | 458 | 80 | ||||||
| Due to related parties | ✕ | 155 | 208 | |||||
| Other undisclosed current liabilities | 539 | 164 | 524 | (38) | (91) | |||
| Total current liabilities: | 875 | 860 | 1,144 | 420 | 74 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 67 | 79 | ||||||
| Long-term debt, excluding current maturities | 67 | 79 | ||||||
| Other undisclosed noncurrent liabilities | 391 | (73) | ||||||
| Total noncurrent liabilities: | 458 | 6 | ||||||
| Total liabilities: | 875 | 860 | 1,144 | 878 | 80 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (633) | (406) | (327) | (38) | (50) | |||
| Preferred stock | 4 | 4 | ||||||
| Common stock | 39 | 26 | ||||||
| Additional paid in capital | 172 | 60 | 0 | 28 | 24 | |||
| Accumulated other comprehensive income | 0 | 11 | ||||||
| Retained earnings (accumulated deficit) | 848 | 496 | (369) | (67) | (79) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | (406) | |||||||
| Warrants and rights outstanding | ||||||||
| Stockholders' equity note, subscriptions receivable | (633) | |||||||
| Other undisclosed equity, attributable to parent | (1,063) | (586) | 30 | 1 | 5 | |||
| Total equity: | (633) | (406) | (327) | (38) | (50) | |||
| Other undisclosed liabilities and equity | (878) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 241 | 455 | 816 | (38) | 31 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 349 | 127 | |||||
| Net investment income | 349 | 127 | (302) | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (317) | (711) | (1,231) | (461) | |||
| Other undisclosed gross profit | 8 | 795 | 1,247 | 717 | |||
| Gross profit: | 40 | 211 | 17 | 256 | |||
| Operating expenses | (323) | (554) | (287) | (326) | (78) | ||
| Other operating income, net | 15 | 217 | 1 | ||||
| Other undisclosed operating income | 617 | 253 | 572 | ||||
| Operating income (loss): | 349 | 127 | 302 | (70) | (78) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | (39) | 0 | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 310 | 127 | 302 | (70) | (78) | ||
| Other undisclosed loss from continuing operations before income taxes | (0) | ||||||
| Income (loss) from continuing operations before income taxes: | 310 | 127 | 302 | (70) | (78) | ||
| Income tax expense | (63) | ||||||
| Income (loss) from continuing operations: | 310 | 127 | 239 | (70) | (78) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 127 | 239 | (139) | (78) | |
| Loss from discontinued operations | (70) | ||||||
| Other undisclosed net income | 70 | ||||||
| Net income (loss): | 310 | 127 | 239 | (70) | (78) | ||
| Other undisclosed net loss attributable to parent | (659) | (541) | |||||
| Net income (loss) attributable to parent: | (349) | 127 | (302) | (70) | (78) | ||
| Other undisclosed net loss available to common stockholders, basic | (253) | ||||||
| Net loss available to common stockholders, diluted: | (349) | (127) | (302) | (70) | (78) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 310 | 127 | 239 | (70) | (78) | ||
| Comprehensive income (loss): | 310 | 127 | 239 | (70) | (78) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (352) | 130 | 291 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (42) | 257 | 530 | (70) | (78) | ||
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.