Poverty Dignified, Inc. (PVDG) financial statements (2020 and earlier)

Company profile

Business Address 6428 W. WILKINSON BOULEVARD
BELMONT, NC 28012
State of Incorp. NV
Fiscal Year End August 31
SIC 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27211
Cash and cash equivalents27211
Inventory, net of allowances, customer advances and progress billings  111 
Inventory  111 
Deferred costs 94 109
Disposal group, including discontinued operation2   
Other undisclosed current assets10(67)13(27)
Total current assets:143414583
Noncurrent Assets
Property, plant and equipment 5401
Total noncurrent assets: 5401
TOTAL ASSETS:148814584
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,07476947867
Accounts payable54598152
Accrued liabilities62755
Employee-related liabilities1,01426919023
Other undisclosed accounts payable and accrued liabilities 415202(14)
Debt15933  
Derivative instruments and hedges, liabilities56   
Due to related parties1,121486340195
Disposal group, including discontinued operation415   
Other undisclosed current liabilities 299301169
Total current liabilities:2,8251,5881,119430
Noncurrent Liabilities
Long-term debt and lease obligation 53  
Long-term debt, excluding current maturities 53  
Total noncurrent liabilities: 53  
Total liabilities:2,8251,6411,119430
Stockholders' equity
Stockholders' equity attributable to parent(2,811)(1,553)(974)(346)
Common stock1111
Additional paid in capital8,8128,2727,2747,037
Accumulated other comprehensive loss(28)(42)(4) 
Accumulated deficit(11,597)(9,785)(8,245)(7,384)
Total stockholders' equity:(2,811)(1,553)(974)(346)
TOTAL LIABILITIES AND EQUITY:148814584

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

8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues
(Revenue, Net)
 27119 
Cost of revenue (20)  
Gross profit: 7119 
Operating expenses(770)(1,511)(980)(2,158)
Other undisclosed operating income 20  
Operating loss:(770)(1,484)(860)(2,158)
Interest and debt expense(382)(56)(14) 
Loss from continuing operations:(1,151)(1,540)(874)(2,158)
Loss from discontinued operations(565)   
Net loss:(1,717)(1,540)(874)(2,158)
Other undisclosed net income (loss) attributable to parent(95) 14 
Net loss available to common stockholders, diluted:(1,812)(1,540)(860)(2,158)

Comprehensive Income ($ in thousands)

8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss:(1,717)(1,540)(874)(2,158)
Other comprehensive loss(14)(38)  
Comprehensive loss:(1,730)(1,578)(874)(2,158)
Other undisclosed comprehensive loss, net of tax, attributable to parent(68)   
Comprehensive loss, net of tax, attributable to parent:(1,798)(1,578)(874)(2,158)

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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