AS-IP Tech, Inc. (IPTK) financial statements (2022 and earlier)
Company profile
| Business Address |
954 LEXINGTON AVE. NEW YORK, NY 10021 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| SIC | 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 351 | 158 | 9 | 0 | 40 | 57 | 64 | ||
| Cash and cash equivalents | 351 | 158 | 9 | 0 | 40 | 57 | 64 | ||
| Receivables | 12 | 61 | |||||||
| Prepaid expense | 126 | 3 | |||||||
| Other undisclosed current assets | 5 | ||||||||
| Total current assets: | 476 | 158 | 9 | 12 | 40 | 120 | 70 | ||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | (336) | 14 | 55 | (18) | 300 | 390 | |||
| Goodwill | (114) | ||||||||
| Intangible assets, net (excluding goodwill) | (336) | 14 | 55 | 96 | 300 | 390 | |||
| Other undisclosed noncurrent assets | 336 | 114 | |||||||
| Total noncurrent assets: | 14 | 55 | 96 | 300 | 390 | ||||
| TOTAL ASSETS: | 476 | 158 | 23 | 67 | 137 | 420 | 460 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5 | 5 | 179 | 58 | 15 | 16 | 20 | ||
| Other undisclosed accounts payable and accrued liabilities | 5 | 5 | 179 | 58 | 15 | 16 | 20 | ||
| Deferred revenue | 2 | 8 | 3 | ✕ | ✕ | ||||
| Debt | 73 | 84 | 711 | 716 | 697 | 120 | 50 | ||
| Deferred compensation liability | 193 | 362 | 15 | 4 | |||||
| Due to related parties | 229 | 229 | 229 | 229 | 229 | 229 | 229 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 9 | 16 | |||
| Other undisclosed current liabilities | 516 | 536 | 827 | 563 | 351 | 274 | 253 | ||
| Total current liabilities: | 1,015 | 854 | 2,309 | 1,589 | 1,298 | 647 | 568 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,740 | 621 | |||||||
| Long-term debt, excluding current maturities | 1,740 | 621 | |||||||
| Total noncurrent liabilities: | 1,740 | 621 | |||||||
| Total liabilities: | 2,755 | 1,475 | 2,309 | 1,589 | 1,298 | 647 | 568 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (2,279) | (1,317) | (2,287) | (1,521) | (1,162) | (227) | (109) | ||
| Common stock | 26 | 26 | 18 | 18 | 16 | 16 | 13 | ||
| Treasury stock, value | (0) | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Common stock, value, subscriptions | 26 | 26 | 26 | 26 | 91 | ||||
| Additional paid in capital | 13,924 | 12,852 | 10,493 | 10,493 | 10,102 | 10,031 | 9,215 | ||
| Accumulated deficit | (16,229) | (14,195) | (12,824) | (12,059) | (11,307) | (10,300) | (9,429) | ||
| Total stockholders' equity: | (2,279) | (1,317) | (2,287) | (1,521) | (1,162) | (227) | (109) | ||
| TOTAL LIABILITIES AND EQUITY: | 476 | 158 | 23 | 67 | 137 | 420 | 460 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 37 | 74 | 36 | 82 | 68 | 171 | 164 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 171 | 164 | ||
| Cost of revenue | (31) | (16) | (61) | (61) | ||||
| Cost of goods and services sold | (61) | (61) | ||||||
| Gross profit: | 37 | 74 | 36 | 51 | 52 | 110 | 104 | |
| Operating expenses | (1,000) | (734) | (654) | (217) | (109) | (602) | (437) | |
| Other operating expense, net | (959) | (711) | (148) | (164) | (224) | |||
| Other undisclosed operating income (loss) | 959 | 711 | 148 | (258) | (501) | |||
| Operating loss: | (963) | (660) | (618) | (588) | (783) | (492) | (334) | |
| Nonoperating expense (Other Nonoperating expense) | (195) | |||||||
| Interest and debt expense | (709) | (525) | (131) | (133) | (77) | (33) | ||
| Net loss: | (1,672) | (1,185) | (749) | (721) | (860) | (721) | (334) | |
| Other undisclosed net loss attributable to parent | (251) | (185) | (16) | (31) | (146) | (152) | ||
| Net loss available to common stockholders, diluted: | (1,922) | (1,371) | (765) | (753) | (1,007) | (873) | (334) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,672) | (1,185) | (749) | (721) | (860) | (721) | (334) | |
| Comprehensive loss, net of tax, attributable to parent: | (1,672) | (1,185) | (749) | (721) | (860) | (721) | (334) | |
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.