Infinity Augmented Reality Inc (ALSO) Financial Statements (2023 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) (USD)

Current Assets
Cash, cash equivalents, and short-term investments 875,438431,760233,050
Cash and cash equivalents 875,438431,760233,050
Receivables  50,000 
Prepaid expense  21,355
Deferred rent asset   22,201
Prepaid expense and other current assets15,192
Other undisclosed current assets 178,394 4,311,811
Total current assets: 1,053,832503,1154,582,254
Noncurrent Assets
Property, plant and equipment 84,885126,10866,129
Assets of disposal group, including discontinued operation145,781 
Deferred tax assets, net   911,314
Other undisclosed noncurrent assets 50,00086,27263,812,498
Total noncurrent assets: 134,885358,16164,789,941
TOTAL ASSETS: 1,188,717861,27669,372,195
Current Liabilities
Accounts payable and accrued liabilities, including: 191,046371,598441,297
Interest and dividends payable 54,871  
Other undisclosed accounts payable and accrued liabilities 136,175371,598441,297
Debt   59,450,000
Disposal group, including discontinued operation 27,835775,000 
Other undisclosed current liabilities 54,8713,906626,710
Total current liabilities: 273,7521,150,50460,518,007
Noncurrent Liabilities
Long-term debt and lease obligation 3,291,930128,327 
Long-term debt, excluding current maturities 3,291,930128,327 
Liabilities, other than long-term debt   4,292,379
Deferred revenue and credits   49,335
Deferred tax liabilities, net   4,243,044
Total noncurrent liabilities: 3,291,930128,3274,292,379
Total liabilities: 3,565,6821,278,83164,810,386
Equity, attributable to parent (2,376,965)(417,555)4,561,809
Common stock 953936925
Treasury stock, value (49,766)(49,766)(44,121)
Additional paid in capital 63,866,96557,938,67551,486,890
Accumulated other comprehensive loss (14,551)(1,422) 
Accumulated deficit (66,180,566)(58,305,978)(46,881,885)
Total equity: (2,376,965)(417,555)4,561,809
TOTAL LIABILITIES AND EQUITY: 1,188,717861,27669,372,195

Income Statement (P&L) (USD)

Operating expenses (6,525,239)(6,840,198)(2,319,355)
Operating loss: (6,525,239)(6,840,198)(2,319,355)
Nonoperating income (expense) 1,216,570(7,136) 
Loss, foreign currency transaction, before tax  (7,136) 
Debt instrument, convertible, beneficial conversion feature 1,216,570  
Loss from continuing operations before equity method investments, income taxes: (5,308,669)(6,847,334)(2,319,355)
Other undisclosed loss from continuing operations before income taxes (2,008,854)(67,667)(36,767,841)
Loss from continuing operations before income taxes: (7,317,523)(6,915,001)(39,087,196)
Income tax expense (benefit)  (190,652)16,640,912
Loss from continuing operations: (7,317,523)(7,105,653)(22,446,284)
Loss before gain (loss) on sale of properties: (7,874,588)(7,105,653)(22,446,284)
Loss from discontinued operations (557,065)  
Net loss: (7,874,588)(7,105,653)(22,446,284)
Other undisclosed net loss attributable to parent  (4,318,440) 
Net loss attributable to parent: (7,874,588)(11,424,093)(22,446,284)
Other undisclosed net loss available to common stockholders, basic   (5,513,285)
Net loss available to common stockholders, diluted: (7,874,588)(11,424,093)(27,959,569)

Comprehensive Income (USD)

Net loss: (7,874,588)(7,105,653)(22,446,284)
Comprehensive loss: (7,874,588)(7,105,653)(22,446,284)
Other undisclosed comprehensive loss, net of tax, attributable to parent (13,129)(4,319,862) 
Comprehensive loss, net of tax, attributable to parent: (7,887,717)(11,425,515)(22,446,284)

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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