Veritec Inc (VRTC) Financial Statements (2025 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 Q1 | 6/30/2024 Q4 | 3/31/2024 Q2 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 153 | 59 | 53 | 128 | |||||
| Cash and cash equivalent | 153 | 59 | 53 | 128 | |||||
| Receivables | |||||||||
| Prepaid expense | 5 | 6 | 4 | 4 | |||||
| Other undisclosed current assets | 10 | 46 | 6 | 7 | |||||
| Total current assets: | 168 | 111 | 63 | 139 | |||||
| Noncurrent Assets | |||||||||
| TOTAL ASSETS: | 168 | 111 | 63 | 139 | |||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 376 | 360 | 370 | 372 | |||||
| Accounts payable | 310 | 300 | 303 | 300 | |||||
| Accrued liabilities | 66 | 60 | 67 | 72 | |||||
| Deferred revenue | 38 | 29 | 29 | 43 | |||||
| Debt | 586 | 581 | 576 | 565 | |||||
| Other undisclosed current liabilities | 8,332 | 7,997 | 7,709 | 7,223 | |||||
| Total current liabilities: | 9,332 | 8,967 | 8,684 | 8,203 | |||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 200 | 200 | 200 | 146 | |||||
| Deferred revenue | 200 | 200 | 200 | 146 | |||||
| Other undisclosed noncurrent liabilities | 155 | 155 | 155 | 155 | |||||
| Total noncurrent liabilities: | 355 | 355 | 355 | 301 | |||||
| Total liabilities: | 9,687 | 9,322 | 9,039 | 8,504 | |||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (9,519) | (9,211) | (8,976) | (8,365) | |||||
| Preferred stock | 1 | 1 | 1 | 1 | |||||
| Common stock | 400 | 400 | 400 | 400 | |||||
| Additional paid in capital | 18,143 | 18,143 | 18,143 | 18,143 | |||||
| Accumulated deficit | (28,075) | (27,767) | (27,532) | (26,921) | |||||
| Other undisclosed equity, attributable to parent | 12 | 12 | 12 | 12 | |||||
| Total equity: | (9,519) | (9,211) | (8,976) | (8,365) | |||||
| TOTAL LIABILITIES AND EQUITY: | 168 | 111 | 63 | 139 | |||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q1 | 6/30/2024 Q4 | 3/31/2024 Q2 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 136 | 107 | 58 | 87 | ||||
| Revenue from related parties | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 54 | |
| Cost of revenue | (61) | (31) | (42) | (72) | ||||
| Gross profit: | 75 | 76 | 16 | 15 | ||||
| Operating expenses | (240) | (174) | (191) | (236) | ||||
| Operating loss: | (165) | (98) | (175) | (221) | ||||
| Nonoperating expense (Other Nonoperating expense) | (143) | (137) | (131) | (125) | ||||
| Interest and debt expense | (143) | (137) | (131) | (125) | ||||
| Net loss: | (451) | (372) | (437) | (471) | ||||
| Other undisclosed net income attributable to parent | 143 | 137 | 131 | 125 | ||||
| Net loss available to common stockholders, diluted: | (308) | (235) | (306) | (346) | ||||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q1 | 6/30/2024 Q4 | 3/31/2024 Q2 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (451) | (372) | (437) | (471) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (451) | (372) | (437) | (471) | ||||
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.