KINETIC GROUP INC (KNIT) financial statements (2020 and earlier)

Company profile

Business Address 12001 RESEARCH PARKWAY, SUITE 236
ORLANDO, FL 32826
State of Incorp. NV
Fiscal Year End September 30
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0629
Cash and cash equivalents0629
Receivables  2
Prepaid expense 00
Total current assets:0630
Noncurrent Assets
Property, plant and equipment 24
Other undisclosed noncurrent assets  (1)
Total noncurrent assets: 22
Other undisclosed assets  4
TOTAL ASSETS:0836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3228
Other undisclosed accounts payable and accrued liabilities3228
Other undisclosed current liabilities2725
Total current liabilities:52833
Noncurrent Liabilities
Total liabilities:52833
Stockholders' equity
Stockholders' equity attributable to parent, including:(5)(21)3
Common stock5  
Additional paid in capital1529933
Accumulated deficit(162)(125)(35)
Other undisclosed stockholders' equity attributable to parent 55
Total stockholders' equity:(5)(21)3
TOTAL LIABILITIES AND EQUITY:0836

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

9/30/2019
9/30/2018
9/30/2017
Revenues105630
Cost of revenue(4)(10)(7)
Gross profit:64622
Operating expenses(43)(136)(50)
Operating loss:(37)(90)(27)
Net loss available to common stockholders, diluted:(37)(90)(27)

Comprehensive Income ($ in thousands)

9/30/2019
9/30/2018
9/30/2017
Net loss:(37)(90)(27)
Comprehensive loss, net of tax, attributable to parent:(37)(90)(27)

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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