Healthcare Integrated Technologies Inc. (HITC) financial statements (2022 and earlier)

Company profile

Business Address 1462 RUDDER LANE
KNOXVILLE, TN 37919
State of Incorp. NV
Fiscal Year End July 31
SIC 79 - Amusement And Recreation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0117813 18
Cash and cash equivalents0117813 18
Receivables    431620
Prepaid expense373847    
Other undisclosed current assets    153
Total current assets:37491251462141
Noncurrent Assets
Property, plant and equipment 0218345
Intangible assets, net (including goodwill)59244134 134
Intangible assets, net (excluding goodwill)59244134 134
Total noncurrent assets:5924413618479
TOTAL ASSETS:62849016119502850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:198192229220855445
Accounts payable126130  6140 
Accrued liabilities    62 
Employee-related liabilities  8614727952 
Interest and dividends payable7261 52   
Other undisclosed accounts payable and accrued liabilities  (632)(304)(61)(40)45
Debt7355556213144 
Derivative instruments and hedges, liabilities49108     
Due to related parties295252  18312217
Other undisclosed current liabilities 1,1521,1331,564442179 
Total current liabilities:1,2772,2591,9831,78772535962
Noncurrent Liabilities
Long-term debt and lease obligation735 213   
Long-term debt, excluding current maturities  213   
Other undisclosed long-term debt and lease obligation735      
Total noncurrent liabilities:735 213   
Other undisclosed liabilities807      
Total liabilities:2,8192,2592,0041,79072535962
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,191)(1,769)(1,842)(1,771)(674)(331)(12)
Common stock42403632262616
Additional paid in capital11,52411,0399,5658,5826,7955,8081,336
Accumulated deficit(13,757)(12,949)(11,444)(10,386)(7,496)(6,165)(385)
Other undisclosed stockholders' equity attributable to parent 100    (979)
Total stockholders' equity:(2,191)(1,769)(1,842)(1,771)(674)(331)(12)
TOTAL LIABILITIES AND EQUITY:62849016119502850

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2017
7/31/2016
7/31/2015
Revenues    409440146
Cost of revenue    (305)(315)(96)
Gross profit:    10412450
Operating expenses(1,317)(1,275)(1,016)(784)(1,424)(5,893)(396)
Other operating expense, net    (10)(11)(0)
Operating loss:(1,317)(1,275)(1,016)(784)(1,331)(5,780)(346)
Nonoperating expense(359)(180)(41)(39)   
Interest and debt expense(423)(228)(41)(39)(13)(11)(0)
Loss from continuing operations before income taxes:(2,099)(1,683)(1,097)(862)(1,344)(5,791)(347)
Income tax expense (benefit)    (12)(10)122
Loss from continuing operations:(2,099)(1,683)(1,097)(862)(1,356)(5,801)(225)
Loss from discontinued operations  (2)(16)   
Net loss:(2,099)(1,683)(1,099)(877)(1,356)(5,801)(225)
Other undisclosed net income (loss) attributable to parent42322841392521(121)
Net loss available to common stockholders, diluted:(1,676)(1,455)(1,058)(839)(1,331)(5,780)(346)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2017
7/31/2016
7/31/2015
Net loss:(2,099)(1,683)(1,099)(877)(1,356)(5,801)(225)
Comprehensive loss, net of tax, attributable to parent:(2,099)(1,683)(1,099)(877)(1,356)(5,801)(225)

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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