Skkynet Cloud Systems Inc (SKKY) financial statements (2020 and earlier)

Company profile

Business Address 2233 ARGENTIA ROAD
MISSISSAUGA, ON L5N 2X7
State of Incorp. NV
Fiscal Year End October 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments646700677583267470978
Cash and cash equivalents646700677583267470978
Receivables16314620314715716887
Inventory, net of allowances, customer advances and progress billings  23411 
Inventory  23411 
Prepaid expense41172011  
Total current assets:8138578907524396501,064
Noncurrent Assets
Property, plant and equipment10861123
Intangible assets, net (including goodwill)      2
Intangible assets, net (excluding goodwill)      2
Other noncurrent assets  769  
Other undisclosed noncurrent assets63    9 
Total noncurrent assets:73813711116
TOTAL ASSETS:8878669037594506601,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:73977557599358
Accrued liabilities 7784305024 
Other undisclosed accounts payable and accrued liabilities7320(10)2796958
Deferred revenue117112
Debt42      
Disposal group, including discontinued operation21      
Deferred revenue and credits103957845
Other undisclosed current liabilities(42)77173305024402
Total current liabilities:211286247190204195505
Noncurrent Liabilities
Long-term debt and lease obligation42      
Operating lease, liability42 
Other undisclosed noncurrent liabilities(0)      
Total noncurrent liabilities:42      
Total liabilities:253286247190204195505
Stockholders' equity
Stockholders' equity attributable to parent, including:633580656569246465565
Preferred stock0000000
Common stock52525151515151
Additional paid in capital6,2606,1925,8335,2414,1903,3142,206
Accumulated other comprehensive income (loss)6065(75)(60)(75)(78)11
Accumulated deficit(5,931)(5,923)(5,347)(4,856)(4,113)(3,016)(1,703)
Other undisclosed stockholders' equity attributable to parent194194194194194194 
Total stockholders' equity:633580656569246465565
TOTAL LIABILITIES AND EQUITY:8878669037594506601,070

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

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues1,5591,3671,4661,3361,1721,222917
Revenue, net1,336 1,222917
Cost of revenue(4) (51)(32)(23)(32)(3)
Cost of goods and services sold   (32)(23)(32)(3)
Other undisclosed gross profit0      
Gross profit:1,5551,3671,4151,3041,1491,190914
Operating expenses(2,006)(1,925)(1,916)(2,054)(2,296)(2,574)(2,009)
Other operating expense, net
(Other Expenses)
 (2)     
Other undisclosed operating income (loss)(0)2  (1)(70) 
Operating loss:(452)(557)(500)(750)(1,148)(1,455)(1,095)
Nonoperating income (expense)(41)(23)(23)(26)1764(3)
Foreign currency transaction loss, before tax(21)(6)     
Other nonoperating income (expense)(20)(17)(23)(26)1764(3)
Interest and debt expense     0(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11    (0)15
Loss from continuing operations before equity method investments, income taxes:(481)(580)(523)(776)(1,131)(1,390)(1,098)
Other undisclosed income from continuing operations before income taxes96     
Loss from continuing operations before income taxes:(472)(575)(523)(776)(1,131)(1,390)(1,098)
Income tax expense (benefit) (30)323334  
Other undisclosed loss from continuing operations(30)      
Loss from continuing operations:(502)(605)(491)(743)(1,097)(1,390)(1,098)
Income from discontinued operations7431     
Loss before gain (loss) on sale of properties:(428)(574)(491)(743)(1,097)(1,390)(1,098)
Other undisclosed net income (loss)28(2)     
Net loss:(400)(576)(491)(743)(1,097)(1,390)(1,098)
Other undisclosed net income (loss) attributable to parent(30)    7839
Net loss attributable to parent:(430)(576)(491)(743)(1,097)(1,312)(1,059)
Preferred stock dividends and other adjustments2012(12)(12)(12)  
Other undisclosed net loss available to common stockholders, basic(32)(23)     
Net loss available to common stockholders, diluted:(442)(587)(502)(755)(1,109)(1,312)(1,059)

Comprehensive Income ($ in thousands)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net loss:(400)(576)(491)(743)(1,097)(1,390)(1,098)
Other comprehensive income (loss)143140(14)15(3)(89) 
Comprehensive loss, net of tax, attributable to parent:(256)(436)(505)(728)(1,100)(1,479)(1,098)

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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