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)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65152555652
Cash and cash equivalents65152555652
Receivables10      
Inventory, net of allowances, customer advances and progress billings182     
Inventory182     
Total current assets:93154555652
Noncurrent Assets
Property, plant and equipment1313     
Long-term investments and receivables4040     
Due from related parties4040     
Deposits noncurrent assets77     
Other undisclosed noncurrent assets65      
Total noncurrent assets:12560     
TOTAL ASSETS:217215555652
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1989940241693
Accounts payable19893123113
Accrued liabilities 6     
Interest and dividends payable0 2821148 
Debt363370707070 
Derivative instruments and hedges, liabilities16      
Due to related parties116    
Other undisclosed current liabilities142023    
Total current liabilities:2651531409486793
Noncurrent Liabilities
Long-term debt and lease obligation      70
Long-term debt, excluding current maturities      70
Liabilities, other than long-term debt      3
Accounts payable and accrued liabilities      3
Total noncurrent liabilities:      73
Total liabilities:26515314094867976
Stockholders' equity
Stockholders' equity attributable to parent, including:(47)61(135)(89)(81)(73)(25)
Common stock11185555
Additional paid in capital1,4641,185585557557557557
Accumulated deficit(1,513)(1,128)(738)(651)(643)(635)(587)
Stockholders' equity note, subscriptions receivable(65)    
Other undisclosed stockholders' equity attributable to parent653     
Total stockholders' equity:(47)61(135)(89)(81)(73)(25)
TOTAL LIABILITIES AND EQUITY:217215555652

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

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Revenues150     
Other income50    
Cost of revenue
(Other undisclosed Cost of revenue)
(3)      
Gross profit:120     
Operating expenses(909)(550)(51)(1)(2)(43)(42)
Other operating expense, net
(Other Expenses)
      (2)
Other undisclosed operating income (loss)(5)(0)    2
Operating loss:(902)(550)(51)(1)(2)(43)(42)
Nonoperating income (expense)(19)160    (3)
Interest and debt expense140168(36)(7)(6)(5)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes160      
Net loss:(620)(222)(87)(8)(8)(48)(48)
Other undisclosed net income (loss) attributable to parent(138)(168)    3
Net loss available to common stockholders, diluted:(758)(390)(87)(8)(8)(48)(45)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Net loss:(620)(222)(87)(8)(8)(48)(48)
Comprehensive loss, net of tax, attributable to parent:(620)(222)(87)(8)(8)(48)(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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