Summit Networks Inc. (SNTW) Financial Statements (2024 and earlier)

Company Profile

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

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

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
7/31/2020
7/31/2019
7/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments206981305118
Cash and cash equivalents206981305118
Receivables    466  
Prepaid expense    5  
Deposits current assets      
Other undisclosed current assets   (466) 5
Total current assets:206981310122
Noncurrent Assets
Property, plant and equipment   3  11
Total noncurrent assets:   3  11
Other undisclosed assets      1
TOTAL ASSETS:206984310134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:192176143103415
Accrued liabilities      15
Other undisclosed accounts payable and accrued liabilities1921761431034 
Due to related parties5795795955195321
Other undisclosed current liabilities2516    
Total current liabilities:7967717385288736
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    (310)  
Total noncurrent liabilities:    (310)  
Other undisclosed liabilities      60
Total liabilities:7967717382188796
Equity
Equity, attributable to parent, including:(591)(762)(654)(218)(86)(63)
Common stock6762626466
Additional paid in capital5893943943627167
Accumulated deficit(1,246)(1,218)(1,110)(644)(512)(136)
Other undisclosed equity, attributable to parent     349 
Other undisclosed equity    310 1
Total equity:(591)(762)(654)92(86)(62)
TOTAL LIABILITIES AND EQUITY:206984310134

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
7/31/2020
7/31/2019
7/31/2018
Revenues
(Revenue from Related Parties)
     349 
Gross profit:     349 
Operating expenses(60)(108)(573)(132)(382)(95)
Other undisclosed operating loss     (338) 
Operating loss:(60)(108)(573)(132)(371)(95)
Nonoperating income (expense)    (5) 
Investment income, nonoperating     (5) 
Other nonoperating income      
Income (loss) from continuing operations:(60)(108)(573)(132)(376)(95)
Loss before gain (loss) on sale of properties:(86)(573)(132)(376)(95)
Net income (loss):(60)(108)(573)(132)(376)(95)
Other undisclosed net income (loss) attributable to parent (0) 119   
Net income (loss) available to common stockholders, diluted:(60)(108)(454)(132)(376)(95)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
7/31/2020
7/31/2019
7/31/2018
Net income (loss):(60)(108)(573)(132)(376)(95)
Comprehensive income (loss), net of tax, attributable to parent:(60)(108)(573)(132)(376)(95)

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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