Veritec Inc (VRTC) Financial Statements (2026 and earlier)

Company Profile

Business Address 1163 KURSE ST
WEST ST PAUL, MN 55118
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 8741 - Management Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments118616623822891
Cash and cash equivalent118616623822891
Receivables8     
Prepaid expense  66565
Other undisclosed current assets6778109
Total current assets:1327479251244106
Noncurrent Assets
TOTAL ASSETS:1327479251244106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities328349330762759780
Accounts payable268289271691689717
Accrued liabilities606059717063
Deferred revenue29 2597 ✕
Debt591570550529508654
Due to related parties✕✕ 1029696100
Other undisclosed current liabilities8,5147,4706,3535,4244,5753,715
Total current liabilities:9,4628,3897,3606,9085,9385,250
Noncurrent Liabilities
Long-term debt and lease obligation    118  
Long-term debt, excluding current maturities    118  
Liabilities, other than long-term debt243200    
Deferred revenue243200   ✕
Other undisclosed noncurrent liabilities155155155155155155
Total noncurrent liabilities:398355155273155155
Total liabilities:9,8608,7447,5157,1816,0935,405
Equity
Equity, attributable to parent, including:(9,728)(8,670)(7,436)(6,930)(5,849)(5,299)
Preferred stock111111
Common stock400400400400397395
Additional paid in capital18,14318,14318,14318,14318,13618,111
Accumulated deficit(28,284)(27,226)(25,992)(25,486)(24,395)(23,819)
Other undisclosed equity, attributable to parent121212121213
Total equity:(9,728)(8,670)(7,436)(6,930)(5,849)(5,299)
TOTAL LIABILITIES AND EQUITY:1327479251244106

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues461356353389438307
Revenue from related parties✕✕ 263296338187
Cost of revenue (211)(199)(222)(210)(230)
Cost of product and service sold    (222)(210)(230)
Gross profit:46114515416722877
Operating expenses(969)(883)(728)(861)(630)(624)
Operating loss:(508)(738)(574)(694)(402)(547)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(550)(496)68(397)(174)(302)
Interest and debt expense (496)(50)(397)(341)(302)
Loss from continuing operations:(1,058)(1,730)(556)(1,488)(917)(1,152)
Loss before gain (loss) on sale of properties:✕✕✕(556)(1,488)(917)(1,152)
Other undisclosed net income  2,9641,062   
Net income (loss):(1,058)1,234506(1,488)(917)(1,152)
Other undisclosed net income (loss) attributable to parent (2,468)(1,012)397341302
Net loss available to common stockholders, diluted:(1,058)(1,234)(506)(1,091)(576)(849)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(1,058)1,234506(1,488)(917)(1,152)
Comprehensive income (loss), net of tax, attributable to parent:(1,058)1,234506(1,488)(917)(1,152)

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.

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