FACT, Inc. (FCTI) financial statements (2022 and earlier)

Company profile

Business Address 2 TORONTO STREET
TORONTO, ON M5C 2B5
State of Incorp. NV
Fiscal Year End January 31
SIC 508 - Machinery, Equipment, And Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10023
Cash and cash equivalents 10023
Prepaid expense 2  
Deposits current assets  12 
Other undisclosed current assets  (12) 
Total current assets: 12023
Noncurrent Assets
Property, plant and equipment  11
Total noncurrent assets:  11
TOTAL ASSETS: 12124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 64  
Interest and dividends payable 6  
Other undisclosed accounts payable and accrued liabilities 57  
Debt 12513 
Derivative instruments and hedges, liabilities 470  
Other undisclosed current liabilities 6  
Total current liabilities: 66413 
Noncurrent Liabilities
Liabilities, other than long-term debt   13
Accounts payable and accrued liabilities   3
Due to related parties   10
Other undisclosed noncurrent liabilities  13 
Total noncurrent liabilities:  1313
Other undisclosed liabilities  (38) 
Total liabilities: 664(12)13
Stockholders' equity
Stockholders' equity attributable to parent, including: (652)(12)12
Common stock 54 3
Additional paid in capital 5762626
Accumulated deficit (1,303)(42)(18)
Other undisclosed stockholders' equity attributable to parent 203 
Other undisclosed stockholders' equity  25 
Total stockholders' equity: (652)1312
TOTAL LIABILITIES AND EQUITY: 12124

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
Revenues 324510
Revenue, net10
Gain on disposition of assets for financial service operations 324  
Cost of revenue (368)(3)(6)
Cost of goods and services sold  (3)(6)
Deferred sales inducement cost, amortization expense (368)  
Gross profit: (44)24
Operating expenses (447)(25)(21)
Other undisclosed operating income (loss) 44(0) 
Operating loss: (447)(24)(17)
Nonoperating expense (813)  
Interest and debt expense (711)  
Loss from continuing operations before equity method investments, income taxes: (1,971)(24)(17)
Other undisclosed income from continuing operations before income taxes 711  
Net loss available to common stockholders, diluted: (1,261)(24)(17)

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
Net loss: (1,261)(24)(17)
Comprehensive loss, net of tax, attributable to parent: (1,261)(24)(17)

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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