Skkynet Cloud Systems, Inc. (SKKY) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments633798817700677583267
Cash and cash equivalents633798817700677583267
Receivables315260201146203147157
Inventory, net of allowances, customer advances and progress billings    234
Inventory    234
Prepaid expense1520181172011
Other undisclosed current assets6      
Total current assets:9691,0771,035857890752439
Noncurrent Assets
Operating lease, right-of-use asset101641 
Property, plant and equipment910128611
Other noncurrent assets    769
Total noncurrent assets:202753813711
TOTAL ASSETS:9891,1041,088866903759450
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11316015797755759
Accrued liabilities19622222377843050
Other undisclosed accounts payable and accrued liabilities(82)(62)(66)20(10)279
Deferred revenue216  112
Debt  21    
Due to related parties196      
Deferred revenue and credits10395
Other undisclosed current liabilities10443391771733050
Total current liabilities:536603569286247190204
Noncurrent Liabilities
Long-term debt and lease obligation  20    
Operating lease, liability  20 
Other undisclosed noncurrent liabilities444830    
Total noncurrent liabilities:444850    
Total liabilities:580651619286247190204
Stockholders' equity
Stockholders' equity attributable to parent, including:408453469580656569246
Preferred stock 000000
Common stock0525252515151
Additional paid in capital6,8406,7906,5956,1925,8335,2414,190
Accumulated other comprehensive income (loss)64815665(75)(60)(75)
Accumulated deficit(6,547)(6,470)(6,234)(5,923)(5,347)(4,856)(4,113)
Other undisclosed stockholders' equity attributable to parent5200194194194194
Total stockholders' equity:408453469580656569246
TOTAL LIABILITIES AND EQUITY:9891,1041,088866903759450

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues1,8701,8301,5071,3671,4661,3361,172
Revenue, net1,336 
Cost of revenue    (51)(32)(23)
Cost of goods and services sold     (32)(23)
Gross profit:1,8701,8301,5071,3671,4151,3041,149
Operating expenses(1,003)(874)(1,897)(1,925)(1,916)(2,054)(2,296)
Other operating expense, net
(Other Expenses)
   (2)   
Other undisclosed operating income (loss)(1,111)(1,112)(2)2  (1)
Operating loss:(245)(156)(392)(557)(500)(750)(1,148)
Nonoperating income (expense)(50)(107)65(23)(23)(26)17
Foreign currency transaction loss, before tax(52)(73) (6)   
Other nonoperating income (expense)(3)(34)65(17)(23)(26)17
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7373(0)    
Loss from continuing operations before equity method investments, income taxes:(222)(189)(327)(580)(523)(776)(1,131)
Other undisclosed income from continuing operations before income taxes   6   
Loss from continuing operations before income taxes:(222)(189)(327)(575)(523)(776)(1,131)
Income tax expense (benefit)   (30)323334
Loss from continuing operations:(222)(189)(327)(605)(491)(743)(1,097)
Income from discontinued operations   31   
Loss before gain (loss) on sale of properties:(222)(189)(327)(574)(491)(743)(1,097)
Other undisclosed net loss   (2)   
Net loss:(222)(189)(327)(576)(491)(743)(1,097)
Other undisclosed net income attributable to parent262616    
Net loss attributable to parent:(196)(164)(311)(576)(491)(743)(1,097)
Preferred stock dividends and other adjustments   12(12)(12)(12)
Other undisclosed net income (loss) available to common stockholders, basic3 (12)(23)   
Net loss available to common stockholders, diluted:(193)(164)(323)(587)(502)(755)(1,109)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net loss:(222)(189)(327)(576)(491)(743)(1,097)
Other comprehensive income (loss)(50)(24)(9)140(14)15(3)
Comprehensive loss, net of tax, attributable to parent:(272)(214)(336)(436)(505)(728)(1,100)

Statements Sources

The financial statements are based on the Company's filings with 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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