Magna Lab Inc (MAGAA) financial statements (2020 and earlier)

Company profile

Business Address 6800 JERICHO TURNPIKE, SUITE 120W
SYOSSET, NY 11791
State of Incorp. NY
Fiscal Year End February 28
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142111128
Cash and cash equivalents142111128
Prepaid expense  33333
Total current assets:1454141511
Noncurrent Assets
TOTAL ASSETS:1454141511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities388383370441456450455
Accounts payable347342332325415414422
Accrued liabilities414138116413633
Due to related parties   686868 
Other undisclosed current liabilities1,3801,2851,151867748625568
Total current liabilities:1,7681,6681,5211,3761,2721,1431,023
Noncurrent Liabilities
Total liabilities:1,7681,6681,5211,3761,2721,1431,023
Stockholders' equity
Stockholders' equity attributable to parent(1,767)(1,664)(1,516)(1,372)(1,258)(1,128)(1,012)
Common stock 111111
Additional paid in capital27,29027,29027,29027,29027,18027,18027,180
Accumulated deficit(29,058)(28,955)(28,807)(28,663)(28,439)(28,309)(28,193)
Other undisclosed stockholders' equity attributable to parent1      
Total stockholders' equity:(1,767)(1,664)(1,516)(1,372)(1,258)(1,128)(1,012)
TOTAL LIABILITIES AND EQUITY:1454141511

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Operating expenses(32)(48)(58)(149)(63)(58)(55)
Operating loss:(32)(48)(58)(149)(63)(58)(55)
Interest and debt expense(103)(100)(86)(75)(67)(58)(51)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)      
Net loss available to common stockholders, diluted:(136)(148)(144)(224)(130)(116)(106)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net loss:(136)(148)(144)(224)(130)(116)(106)
Comprehensive loss, net of tax, attributable to parent:(136)(148)(144)(224)(130)(116)(106)

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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