Profit Planners Management, Inc. (PPMT) financial statements (2021 and earlier)

Company profile

Business Address 1001 AVENUE OF THE AMERICAS
NEW YORK, NY 10022
State of Incorp. NV
Fiscal Year End May 31
SIC 7363 - Help Supply Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2016
5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2705840128
Cash and cash equivalents2705840128
Receivables103(34)(48) 
Other current assets674022
Other undisclosed current assets 13422093
Total current assets:379164252244
Noncurrent Assets
Property, plant and equipment5269
Total noncurrent assets:5269
TOTAL ASSETS:385167258253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2241614636
Employee-related liabilities2525130 
Other undisclosed accounts payable and accrued liabilities199136(84)36
Due to related parties 7567 
Other undisclosed current liabilities617495  
Total current liabilities:84273111336
Noncurrent Liabilities
Liabilities, other than long-term debt80101  
Accounts payable and accrued liabilities80101  
Total noncurrent liabilities:80101  
Other undisclosed liabilities  524306
Total liabilities:921832637341
Stockholders' equity
Stockholders' equity attributable to parent, including:(536)(665)(379)(89)
Common stock55  
Common stock, share subscribed but unissued, subscriptions receivable   0
Additional paid in capital302302248155
Accumulated deficit(844)(972)(681)(266)
Other undisclosed stockholders' equity attributable to parent  5422
Total stockholders' equity:(536)(665)(379)(89)
TOTAL LIABILITIES AND EQUITY:385167258253

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

5/31/2016
5/31/2015
5/31/2014
5/31/2013
Revenues1,294813710843
Revenue, net1,294813710 
Revenues, excluding interest and dividends   843
Cost of revenue   (552)
Other undisclosed gross profit(676)(550)(545) 
Gross profit:618263165291
Operating expenses(489)(735)(942)(393)
Operating income (loss):129(472)(777)(102)
Nonoperating income
(Investment Income, Nonoperating)
  80 
Income (loss) from continuing operations before income taxes:129(472)(697)(102)
Other undisclosed income from continuing operations 181201 
Net income (loss):129(291)(495)(102)
Other undisclosed net income attributable to parent  80 
Net income (loss) available to common stockholders, diluted:129(291)(415)(102)

Comprehensive Income ($ in thousands)

5/31/2016
5/31/2015
5/31/2014
5/31/2013
Net income (loss):129(291)(495)(102)
Comprehensive income (loss), net of tax, attributable to parent:129(291)(495)(102)

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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