TORtec Group Corp (TRTK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
30 N. GOULD ST. SUITE 2489 SHERIDAN, WY 82801 |
| State of Incorp. | NV |
| Fiscal Year End | March 31 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11 | 1 | 4 | 32 | 39 | 32 | |||
| Cash and cash equivalent | 11 | 1 | 4 | 32 | 39 | 32 | |||
| Receivables | 75 | (80) | (80) | (55) | (75) | 63 | |||
| Disposal group, including discontinued operation | 161 | ||||||||
| Other current assets | 1 | ||||||||
| Other undisclosed current assets | (236) | 245 | 80 | 55 | 75 | 12 | |||
| Total current assets: | 11 | 166 | 6 | 32 | 39 | 107 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 291 | 613 | 63 | 4 | |||||
| Long-term investments and receivables | (59) | (100) | |||||||
| Long-term investments | 41 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | (100) | (100) | |||||||
| Intangible assets, net (including goodwill) | 35 | ||||||||
| Intangible assets, net (excluding goodwill) | 35 | ||||||||
| Other undisclosed noncurrent assets | 3 | 534 | 101 | 101 | |||||
| Total noncurrent assets: | 329 | 613 | 475 | 64 | 105 | ||||
| TOTAL ASSETS: | 11 | 495 | 619 | 507 | 103 | 212 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10 | 216 | 174 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 10 | 216 | 174 | ||||||
| Debt | 40 | ||||||||
| Disposal group, including discontinued operation | 2 | 9 | 18 | ||||||
| Due to related parties | 289 | 325 | |||||||
| Other undisclosed current liabilities | 20 | 2 | 36 | 32 | 268 | 222 | |||
| Total current liabilities: | 20 | 293 | 370 | 60 | 524 | 396 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 20 | 293 | 370 | 60 | 524 | 396 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (9) | 202 | 249 | 446 | (421) | (184) | |||
| Common stock | 100 | 100 | 100 | 100 | 1 | 1 | |||
| Additional paid in capital | 6,882 | 6,882 | 5,977 | 5,977 | 332 | 332 | |||
| Accumulated deficit | (6,990) | (6,624) | (5,829) | (5,631) | (754) | (517) | |||
| Stockholders' equity note, subscriptions receivable | (165) | ✕ | |||||||
| Other undisclosed equity, attributable to parent | 9 | ||||||||
| Equity, attributable to noncontrolling interest | 156 | ||||||||
| Other undisclosed equity | (156) | ||||||||
| Total equity: | (9) | 202 | 249 | 446 | (421) | (184) | |||
| Other undisclosed liabilities and equity | 0 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 11 | 495 | 619 | 507 | 103 | 212 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 271 | 148 | ||||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 241 | 148 | ||
| Cost of revenue (Cost of Product and Service Sold) | (64) | (34) | ||||||
| Gross profit: | 207 | 114 | ||||||
| Operating expenses | (75) | (802) | (198) | (4,804) | (449) | (172) | ||
| Operating loss: | (75) | (802) | (198) | (4,804) | (242) | (58) | ||
| Interest and debt expense | (0) | (11) | (60) | (49) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (75) | (802) | (198) | (4,814) | (301) | (106) | ||
| Other undisclosed income from continuing operations before income taxes | 20 | |||||||
| Loss from continuing operations: | (75) | (802) | (198) | (4,794) | (301) | (106) | ||
| Loss before gain (loss) on sale of properties: | (367) | (795) | (395) | (9,588) | (301) | (106) | ||
| Income (loss) from discontinued operations | (292) | 7 | (198) | (4,794) | ||||
| Net loss: | (367) | (795) | (395) | (9,588) | (301) | (106) | ||
| Net loss attributable to noncontrolling interest | (118) | |||||||
| Other undisclosed net income attributable to parent | 198 | 4,712 | 64 | 34 | ||||
| Net loss available to common stockholders, diluted: | (485) | (795) | (198) | (4,877) | (237) | (73) | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (367) | (795) | (395) | (9,588) | (301) | (106) | ||
| Comprehensive loss: | (367) | (795) | (395) | (9,588) | (301) | (106) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (118) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (485) | (795) | (395) | (9,588) | (301) | (106) | ||
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.