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 investments | 62 | 81 | 305 | 1 | 18 | |||
| Cash and cash equivalents | 62 | 81 | 305 | 1 | 18 | |||
| Receivables | 466 | |||||||
| Prepaid expense | 5 | |||||||
| Other undisclosed current assets | (466) | 5 | ||||||
| Total current assets: | 62 | 81 | 310 | 1 | 22 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 2 | 3 | 11 | 13 | ||||
| Total noncurrent assets: | 2 | 3 | 11 | 13 | ||||
| Other undisclosed assets | 1 | 1 | ||||||
| TOTAL ASSETS: | 64 | 84 | 310 | 1 | 34 | 14 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 193 | 143 | 10 | 34 | 15 | |||
| Accrued liabilities | 15 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 193 | 143 | 10 | 34 | ||||
| Debt | 579 | |||||||
| Due to related parties | 595 | 519 | 53 | 21 | 11 | |||
| Other undisclosed current liabilities | 22 | |||||||
| Total current liabilities: | 794 | 738 | 528 | 87 | 36 | 11 | ||
| Noncurrent Liabilities | ||||||||
| Other undisclosed noncurrent liabilities | (310) | |||||||
| Total noncurrent liabilities: | (310) | |||||||
| Other undisclosed liabilities | 60 | |||||||
| Total liabilities: | 794 | 738 | 218 | 87 | 96 | 11 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (730) | (654) | (218) | (86) | (63) | 3 | ||
| Common stock | 62 | 62 | 64 | 61 | 6 | 5 | ||
| Additional paid in capital | 394 | 394 | 362 | 365 | 67 | 39 | ||
| 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: | 64 | 84 | 310 | 1 | 34 | 14 | ||
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, net | ✕ | ✕ | ✕ | ✕ | ✕ | 28 | |
| 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 parent | 119 | 119 | |||||
| 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.