Infinity Augmented Reality Inc (ALSO) financial statements (2022 and earlier)

Company profile

Business Address 228 PARK AVE. S #61130
NEW YORK, NY 10003
State of Incorp. NV
Fiscal Year End August 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments875432233
Cash and cash equivalents875432233
Receivables 50 
Prepaid expense 21
Deferred rent asset  22
Prepaid expense and other current assets15
Other undisclosed current assets178 4,312
Total current assets:1,0545034,582
Noncurrent Assets
Property, plant and equipment8512666
Assets of disposal group, including discontinued operation146 
Deferred tax assets, net  911
Other undisclosed noncurrent assets508663,812
Total noncurrent assets:13535864,790
TOTAL ASSETS:1,18986169,372
Current Liabilities
Accounts payable and accrued liabilities, including:191372441
Interest and dividends payable55  
Other undisclosed accounts payable and accrued liabilities136372441
Debt  59,450
Disposal group, including discontinued operation28775 
Other undisclosed current liabilities554627
Total current liabilities:2741,15160,518
Noncurrent Liabilities
Long-term debt and lease obligation3,292128 
Long-term debt, excluding current maturities3,292128 
Liabilities, other than long-term debt  4,292
Deferred revenue and credits  49
Deferred tax liabilities, net  4,243
Total noncurrent liabilities:3,2921284,292
Total liabilities:3,5661,27964,810
Stockholders' equity
Stockholders' equity attributable to parent(2,377)(418)4,562
Common stock111
Treasury stock, value(50)(50)(44)
Additional paid in capital63,86757,93951,487
Accumulated other comprehensive loss(15)(1) 
Accumulated deficit(66,181)(58,306)(46,882)
Total stockholders' equity:(2,377)(418)4,562

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

Operating expenses(6,525)(6,840)(2,319)
Operating loss:(6,525)(6,840)(2,319)
Nonoperating income (expense)1,217(7) 
Foreign currency transaction loss, before tax (7) 
Debt instrument, convertible, beneficial conversion feature1,217  
Loss from continuing operations before equity method investments, income taxes:(5,309)(6,847)(2,319)
Other undisclosed loss from continuing operations before income taxes(2,009)(68)(36,768)
Loss from continuing operations before income taxes:(7,318)(6,915)(39,087)
Income tax expense (benefit) (191)16,641
Loss from continuing operations:(7,318)(7,106)(22,446)
Loss from discontinued operations(557)  
Net loss:(7,875)(7,106)(22,446)
Other undisclosed net loss attributable to parent (4,318) 
Net loss attributable to parent:(7,875)(11,424)(22,446)
Other undisclosed net loss available to common stockholders, basic  (5,513)
Net loss available to common stockholders, diluted:(7,875)(11,424)(27,960)

Comprehensive Income ($ in thousands)

Net loss:(7,875)(7,106)(22,446)
Comprehensive loss:(7,875)(7,106)(22,446)
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)(4,320) 
Comprehensive loss, net of tax, attributable to parent:(7,888)(11,426)(22,446)

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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