Solar Quartz Technologies, Inc. (SQTI) financial statements (2021 and earlier)

Company profile

Business Address 433 NORTH CAMDEN DRIVE
BEVERLY HILLS, CA 90212
State of Incorp. CO
Fiscal Year End September 30
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7471100391,334
Cash and cash equivalents7471100391,334
Receivables  271  372
Prepaid expense12      
Other current assets     1316
Other undisclosed current assets5      
Total current assets:9173810521,722
Noncurrent Assets
Property, plant and equipment284793   6,489
Other undisclosed noncurrent assets282930  84550
Total noncurrent assets:5676123  847,039
TOTAL ASSETS:14783160101358,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities403233435102691113
Accounts payable40314136448201113
Accrued liabilities 36261810  
Interest and dividends payable 56453639  
Debt6090851561972,923 
Due to related parties4564194193   
Other liabilities  0009322
Other undisclosed current liabilities21116071  703 
Total current liabilities:1,1309021,0102612663,635436
Noncurrent Liabilities
Other undisclosed noncurrent liabilities      8,457
Total noncurrent liabilities:      8,457
Total liabilities:1,1309021,0102612663,6358,892
Stockholders' equity
Stockholders' equity attributable to parent(982)(819)(849)(260)(266)(3,500)(131)
Common stock2221100
Additional paid in capital9,0477,9725,8886,3196,3195,5225,522
Accumulated other comprehensive income10192     
Accumulated deficit(10,133)(8,886)(6,740)(6,580)(6,586)(9,022)(5,654)
Total stockholders' equity:(982)(819)(849)(260)(266)(3,500)(131)
TOTAL LIABILITIES AND EQUITY:14783160101358,761

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

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues  0  1,6764,644
Revenue, net   1,6764,644
Other income  0 (24)
Cost of revenue     (685)(2,461)
Cost of goods and services sold     (544)(715)
Gross profit:  0  9912,183
Operating expenses(1,148)(2,125)(143)(65)(110)(2,716)(5,349)
Other undisclosed operating income (loss)  (0) 24  
Operating loss:(1,148)(2,125)(143)(65)(110)(1,724)(3,166)
Nonoperating income (expense)7,891(21)(17)722,521(1,644)421
Investment income, nonoperating7,889    0654
Other nonoperating income (expense)   722,521(1,644)(233)
Interest and debt expense76(21)(9)(19)(32)(1,839)(1,864)
Income (loss) from continuing operations before equity method investments, income taxes:6,819(2,167)(169)(13)2,380(5,208)(4,609)
Other undisclosed income from continuing operations before income taxes  91932  
Net income (loss):6,819(2,167)(160)72,412(5,208)(4,609)
Other undisclosed net income (loss) attributable to parent(8,066)21   1,8391,210
Net income (loss) available to common stockholders, diluted:(1,247)(2,146)(160)72,412(3,368)(3,399)

Comprehensive Income ($ in thousands)

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net income (loss):6,819(2,167)(160)72,412(5,208)(4,609)
Other comprehensive loss(1,238)(2,054)     
Comprehensive income (loss), net of tax, attributable to parent:5,581(4,221)(160)72,412(5,208)(4,609)

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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