BorrowMoney.com, Inc. (BWMY) Financial Statements (2024 and earlier)

Company Profile

Business Address 512 BAYSHORE DRIVE FORT
LAUDERDALE, FL 33304
State of Incorp. FL
Fiscal Year End August 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
11/30/2022
MRQ
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1549885
Cash and cash equivalents1549885
Prepaid expense      4
Total current assets:1549889
Noncurrent Assets
Other undisclosed noncurrent assets      
Total noncurrent assets:      
TOTAL ASSETS:1549889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3131342483
Interest and dividends payable124824527
Accrued liabilities170     
Other undisclosed accounts payable and accrued liabilities(140)31(90)(57)(36)(25)
Debt131311   
Due to related parties503463453492408 
Other undisclosed current liabilities184175137824527
Total current liabilities:73068263559846030
Noncurrent Liabilities
Liabilities, other than long-term debt      330
Due to related parties     330
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:     330
Total liabilities:730682635598460360
Equity
Equity, attributable to parent, including:(716)(678)(626)(590)(453)(351)
Common stock112112109222
Additional paid in capital1,0381,038350298288238
Accumulated deficit(1,861)(1,823)(1,082)(886)(743)(591)
Stockholders' equity note, subscriptions receivable(4)  (4)  
Other undisclosed equity, attributable to parent  (4)(4)   
Total equity:(716)(678)(626)(590)(453)(351)
TOTAL LIABILITIES AND EQUITY:1549889

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

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Revenues 212532  
Cost of revenue  (2)  (9) 
Cost of goods and services sold  (2)    
Other undisclosed gross profit (2)     
Gross profit: 202332(9) 
Operating expenses(131)(122)(156)(108)(134)(91)
Other undisclosed operating income     9 
Operating loss:(111)(98)(153)(106)(134)(91)
Nonoperating expense(644)(643)(43)(37)(17)(10)
Other nonoperating income      
Interest and debt expense(39)(38)(43)(37)(17)(10)
Loss from continuing operations before equity method investments, income taxes:(793)(780)(239)(181)(169)(110)
Other undisclosed income from continuing operations before income taxes393843371710
Loss from continuing operations before income taxes:(754)(741)(196)(143)(152)(101)
Income tax benefit  196 362237
Other undisclosed income from continuing operations 196     
Loss from continuing operations:(558)(545)(196)(107)(130)(64)
Loss before gain (loss) on sale of properties:(520)(545)(196)(107)(130)(64)
Net loss:(558)(545)(196)(107)(130)(64)
Other undisclosed net loss attributable to parent (196)(196) (36)(22)(37)
Net loss available to common stockholders, diluted:(754)(741)(196)(143)(152)(101)

Comprehensive Income ($ in thousands)

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Net loss:(558)(545)(196)(107)(130)(64)
Comprehensive loss, net of tax, attributable to parent:(558)(545)(196)(107)(130)(64)

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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