Velt International Group Inc. (VIGC) financial statements (2021 and earlier)

Company profile

Business Address LEVEL 3, 26 MARINE PARADE
QUEENSLAND, 4215
State of Incorp. NV
Fiscal Year End September 30
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144384414
Cash and cash equivalents144384414
Receivables29141287666
Inventory, net of allowances, customer advances and progress billings490      
Inventory490      
Prepaid expense90      
Other undisclosed current assets  93939393 
Total current assets:1,016415110104103999
Noncurrent Assets
Property, plant and equipment8948458407739098991,038
Long-term investments and receivables     191253
Accounts and financing receivable, after allowance for credit loss     191253
Intangible assets, net (including goodwill)2,4662,000     
Intangible assets, net (excluding goodwill)2,4662,000     
Other noncurrent assets 0000011,700
Other undisclosed noncurrent assets     (0) 
Total noncurrent assets:3,3602,8458407739091,09112,990
TOTAL ASSETS:4,3763,2609498771,0111,19012,999
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3854133   
Accounts payable108      
Accrued liabilities2774133   
Debt19314424621587190100
Due to related parties52,153     
Other undisclosed current liabilities203   5(89)20
Total current liabilities:7852,33724921992101120
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    103103 
Total noncurrent liabilities:    103103 
Total liabilities:7852,337249219195204120
Stockholders' equity
Stockholders' equity attributable to parent3,59192370065881698612,879
Common stock47391313131360
Additional paid in capital8,0454,6783,5893,5703,5703,53415,159
Accumulated other comprehensive income (loss)64(18)(58)(129)(19)(55)(14)
Accumulated deficit(4,491)(3,776)(2,844)(2,795)(2,747)(2,506)(2,325)
Stockholders' equity note, subscriptions receivable(73)      
Total stockholders' equity:3,59192370065881698612,879
TOTAL LIABILITIES AND EQUITY:4,3763,2609498771,0111,19012,999

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

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Revenues4581802    
Net investment income2 2    
Cost of revenue(276)      
Gross profit:1811802    
Operating expenses(523)(82)(54)(51)(238)(182)(351)
Other undisclosed operating income (loss) 6(2)    
Operating income (loss):(341)104(54)(51)(238)(182)(351)
Nonoperating income (expense)488     (3)
Other nonoperating income (expense)486     (3)
Interest and debt expense   (1)(3)  
Income (loss) from continuing operations before equity method investments, income taxes:147104(54)(52)(241)(182)(354)
Other undisclosed income from continuing operations before income taxes 455   
Net income (loss) available to common stockholders, diluted:147108(49)(47)(241)(182)(354)

Comprehensive Income ($ in thousands)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Net income (loss):147108(49)(47)(241)(182)(354)
Other comprehensive income (loss)954071(110)36  
Other undisclosed comprehensive loss     (55) 
Comprehensive income (loss):24114822(158)(205)(236)(354)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     14(20)
Comprehensive income (loss), net of tax, attributable to parent:24114822(158)(205)(222)(374)

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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