VirExit Technologies, Inc. (VXIT) Financial Statements (2026 and earlier)

Company Profile

Business Address 6428 W. WILKINSON BOULEVARD
BELMONT, NC 28012
State of Incorp. NV
Fiscal Year End August 31
Industry (SIC) 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

5/31/2019
MRQ
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 27211
Cash and cash equivalent 27211
Inventory, net of allowances, customer advances and progress billings   111 
Inventory   111 
Deferred costs  94 109
Disposal group, including discontinued operation 2   
Other undisclosed current assets 10(67)13(27)
Total current assets: 143414583
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization  5401
Total noncurrent assets:  5401
TOTAL ASSETS: 148814584
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,07476947867
Employee-related liabilities 1,01426919023
Accounts payable 54598152
Accrued liabilities 62755
Other undisclosed accounts payable and accrued liabilities  415202(14)
Debt 15933  
Derivative instruments and hedges, liabilities 56   
Disposal group, including discontinued operation 415   
Due to related parties 1,121486340195
Other undisclosed current liabilities  299301169
Total current liabilities: 2,8251,5881,119430
Noncurrent Liabilities
Long-term debt and lease obligation  53  
Long-term debt, excluding current maturities  53  
Total noncurrent liabilities:  53  
Total liabilities: 2,8251,6411,119430
Equity
Equity, attributable to parent (2,811)(1,553)(974)(346)
Common stock 1111
Additional paid in capital 8,8128,2727,2747,037
Accumulated other comprehensive loss (28)(42)(4) 
Accumulated deficit (11,597)(9,785)(8,245)(7,384)
Total equity: (2,811)(1,553)(974)(346)
TOTAL LIABILITIES AND EQUITY: 148814584

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

5/31/2019
TTM
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues
(Revenue, Net)		  27119 
Cost of revenue  (20)  
Gross profit:  7119 
Operating expenses (770)(1,511)(980)(2,158)
Other undisclosed operating income  20  
Operating loss: (770)(1,484)(860)(2,158)
Interest and debt expense (382)(56)(14) 
Loss from continuing operations: (1,151)(1,540)(874)(2,158)
Loss before gain (loss) on sale of properties: (1,717)(1,540)(874)(2,158)
Loss from discontinued operations (565)   
Net loss: (1,717)(1,540)(874)(2,158)
Other undisclosed net income (loss) attributable to parent (95) 14 
Net loss available to common stockholders, diluted: (1,812)(1,540)(860)(2,158)

Comprehensive Income ($ in thousands)
Annual | Quarterly

5/31/2019
TTM
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss: (1,717)(1,540)(874)(2,158)
Other comprehensive loss (14)(38)  
Comprehensive loss: (1,730)(1,578)(874)(2,158)
Other undisclosed comprehensive loss, net of tax, attributable to parent (68)   
Comprehensive loss, net of tax, attributable to parent: (1,798)(1,578)(874)(2,158)

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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