Summit Networks Inc. (SNTW) financial statements (2022 and earlier)

Company profile

Business Address S101-5289 CAMBIE STREET
VANCOUVER, BC V5J 0J5
State of Incorp. NV
Fiscal Year End September 30
SIC 4953 - Refuse Systems (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6281305118 
Cash and cash equivalents6281305118 
Receivables  466   
Prepaid expense  5   
Other undisclosed current assets  (466) 5 
Total current assets:6281310122 
Noncurrent Assets
Property, plant and equipment23  1113
Total noncurrent assets:23  1113
Other undisclosed assets    11
TOTAL ASSETS:648431013414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:193143103415 
Accrued liabilities    15 
Other undisclosed accounts payable and accrued liabilities1931431034  
Debt579     
Due to related parties 595519532111
Other undisclosed current liabilities22     
Total current liabilities:794738528873611
Noncurrent Liabilities
Other undisclosed noncurrent liabilities  (310)   
Total noncurrent liabilities:  (310)   
Other undisclosed liabilities    60 
Total liabilities:794738218879611
Stockholders' equity
Stockholders' equity attributable to parent(730)(654)(218)(86)(63)3
Common stock6262646165
Additional paid in capital3943943623656739
Accumulated deficit(1,186)(1,110)(644)(512)(136)(41)
Other undisclosed stockholders' equity  310 1 
Total stockholders' equity:(730)(654)92(86)(62)3
TOTAL LIABILITIES AND EQUITY:648431013414

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

12/31/2021
TTM
9/30/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
Revenues   349 28
Revenue, net28
Revenue from related parties   349 
Cost of revenue
(Cost of Goods and Services Sold)
     (21)
Gross profit:   349 7
Operating expenses(337)(573)(132)(382)(95)(21)
Other undisclosed operating loss   (338) (0)
Operating loss:(337)(573)(132)(371)(95)(14)
Nonoperating expense
(Investment Income, Nonoperating)
   (5)  
Net loss:(337)(573)(132)(376)(95)(14)
Other undisclosed net income attributable to parent119119    
Net loss available to common stockholders, diluted:(219)(454)(132)(376)(95)(14)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
Net loss:(337)(573)(132)(376)(95)(14)
Comprehensive loss, net of tax, attributable to parent:(337)(573)(132)(376)(95)(14)

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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