Microchannel Technologies Corp (MCTC) financial statements (2021 and earlier)

Company profile

Business Address 520 S. GRAND AVENUE
LOS ANGELES, CA 90071
State of Incorp. DE
Fiscal Year End August 31
SIC 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6021525556
Cash and cash equivalents6021525556
Receivables1      
Inventory, net of allowances, customer advances and progress billings76752    
Inventory76752    
Total current assets:137781545556
Noncurrent Assets
Property, plant and equipment252513    
Long-term investments and receivables2,5131,71540    
Long-term investments2,5131,715     
Due from related parties  40    
Deposits noncurrent assets  7    
Other undisclosed noncurrent assets507507     
Total noncurrent assets:3,0452,24860    
TOTAL ASSETS:3,1812,3252155556
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities342267994024169
Accounts payable2462349312311
Accrued liabilities  6    
Interest and dividends payable9633 2821148
Debt2,1241,8673370707070
Derivative instruments and hedges, liabilities1,1401,126     
Due to related parties501116   
Other undisclosed current liabilities 5002023   
Total current liabilities:4,1073,760153140948679
Noncurrent Liabilities
Total liabilities:4,1073,760153140948679
Stockholders' equity
Stockholders' equity attributable to parent, including:(926)(1,435)61(135)(89)(81)(73)
Preferred stock11     
Common stock403118555
Additional paid in capital5,4424,6181,185585557557557
Accumulated deficit(6,410)(6,057)(1,128)(738)(651)(643)(635)
Other undisclosed stockholders' equity attributable to parent203    
Total stockholders' equity:(926)(1,435)61(135)(89)(81)(73)
TOTAL LIABILITIES AND EQUITY:3,1812,3252155556

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues26270    
Gain on disposition of assets for financial service operations1,431   
Other income296 0    
Cost of revenue(24)(25)     
Gross profit:220    
Operating expenses(3,736)(3,626)(550)(51)(1)(2)(43)
Other undisclosed operating loss  (0)    
Operating loss:(3,735)(3,624)(550)(51)(1)(2)(43)
Nonoperating income (expense)(754)(1,305)160    
Interest and debt expense(3,324)(1,311)168(36)(7)(6)(5)
Loss before gain (loss) on sale of properties:(7,812)(6,241)(222)(87)(8)(8)(48)
Other undisclosed net income4,4201,311     
Net loss:(3,391)(4,929)(222)(87)(8)(8)(48)
Other undisclosed net loss attributable to parent(1,097) (168)    
Net loss available to common stockholders, diluted:(4,488)(4,929)(390)(87)(8)(8)(48)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss:(3,391)(4,929)(222)(87)(8)(8)(48)
Comprehensive loss, net of tax, attributable to parent:(3,391)(4,929)(222)(87)(8)(8)(48)

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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