View Systems Inc (VSYM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1550 CATON CENTER DRIVE
BALTIMORE, MD 21227
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 738 - Miscellaneous Business Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,138 835436436
Cash and cash equivalents 1,138 835436436
Receivables20,00020,00020,00020,00026,41926,419
Total current assets:20,00021,13820,00020,83526,85526,855
Noncurrent Assets
Intangible assets, net (including goodwill)21,08023,715    
Intangible assets, net (excluding goodwill)21,08023,715    
Total noncurrent assets:21,08023,715    
TOTAL ASSETS:41,08044,85320,00020,83526,85526,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:331,465148,965148,965161,715302,774302,774
Interest and dividends payable 33,26433,26423,69513,8411,3221,322
Employee-related liabilities 134,237134,237134,237134,237134,237134,237
Accounts payable 163,964   167,215167,215
Other undisclosed accounts payable and accrued liabilities (18,536)(8,967)13,637  
Debt252,301203,093179,098142,421177,132155,825
Derivative instruments and hedges, liabilities822,5432,015,832626,118383,852336,562269,299
Due to related parties263,512263,512263,512266,512266,512266,512
Other undisclosed current liabilities      
Total current liabilities:1,669,8212,631,4021,217,693954,5001,082,980994,410
Noncurrent Liabilities
Other undisclosed liabilities 672,115779,616710,047640,193  
Total liabilities:2,341,9363,411,0181,927,7401,594,6931,082,980994,410
Equity
Equity, attributable to parent, including:(2,300,856)(3,366,165)(1,907,740)(1,573,858)(1,056,125)(967,555)
Preferred stock5,5905,5905,5905,5905,5905,590
Common stock2,439,1581,496,192729,683560,915376,520368,520
Common stock, share subscribed but unissued, subscriptions receivable(10,000)(7,000)(5,000)(4,500)(16,000)(16,000)
Additional paid in capital26,581,90527,407,54227,947,23627,870,01427,645,95127,633,151
Accumulated deficit(31,370,009)(32,312,989)(30,615,749)(30,030,877)(29,100,186)(28,990,816)
Other undisclosed equity, attributable to parent52,50044,50030,50025,00032,00032,000
Total equity:(2,300,856)(3,366,165)(1,907,740)(1,573,858)(1,056,125)(967,555)
TOTAL LIABILITIES AND EQUITY:41,08044,85320,00020,83526,85526,855

Income Statement (P&L) (USD)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues     700
Gross profit:      700
Operating expenses(89,340)(70,630)(107,209)(642,108)(35,000)(12,318)
Other undisclosed operating income      
Operating loss:(89,340)(70,630)(107,209)(642,108)(35,000)(11,618)
Nonoperating income (expense)1,032,320(1,626,610)(477,663)(288,583)(74,370)(115,668)
Other nonoperating expense      (115,668)
Interest and debt expense(38,640)(60,647)(112,357)(30,607)(36,307)(15,221)
Income (loss) from continuing operations before equity method investments, income taxes:904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations:904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)
Income (loss) before gain (loss) on sale of properties:904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)
Net income (loss):904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)
Other undisclosed net income (loss) attributable to parent38,64060,647112,35730,60736,30715,221
Net income (loss) attributable to parent:942,980(1,697,240)(584,872)(930,691)(109,370)(127,286)
Other undisclosed net loss available to common stockholders, basic    (198,915)  
Net income (loss) available to common stockholders, diluted:942,980(1,697,240)(584,872)(1,129,606)(109,370)(127,286)

Comprehensive Income (USD)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)
Comprehensive income (loss), net of tax, attributable to parent:904,340(1,757,887)(697,229)(961,298)(145,677)(142,507)

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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