Italk Inc (TALK) financial statements (2021 and earlier)

Company profile

Business Address 100 E. LINTON BLVD.,
DELRAY BEACH, FL 33483
State of Incorp. NV
Fiscal Year End August 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2015
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154342
Cash and cash equivalents154342
Other undisclosed current assets 7137
Total current assets:1511479
Noncurrent Assets
Property, plant and equipment674109
Intangible assets, net (including goodwill)130290382
Intangible assets, net (excluding goodwill)130290382
Regulated entity, other noncurrent assets 29 
Other noncurrent assets 319382
Other undisclosed noncurrent assets(6)(319)(382)
Total noncurrent assets:130393491
TOTAL ASSETS:144507571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:275335132
Accounts payable11335132
Employee-related liabilities328  
Other undisclosed accounts payable and accrued liabilities(63)  
Debt615436250
Deferred compensation liability 15 
Derivative instruments and hedges, liabilities425476 
Due to related parties4040 
Deferred revenue and credits46105 
Customer advances and deposits 50
Other undisclosed current liabilities1,146903312
Total current liabilities:2,5472,360694
Noncurrent Liabilities
Total liabilities:2,5472,360694
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,404)(1,853)(123)
Common stock1,80811146
Additional paid in capital1,3681,213579
Accumulated deficit(5,580)  
Other undisclosed stockholders' equity attributable to parent (3,177)(749)
Other undisclosed stockholders' equity2  
Total stockholders' equity:(2,403)(1,853)(123)
TOTAL LIABILITIES AND EQUITY:144507571

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

8/31/2015
8/31/2014
8/31/2013
Revenues
(Revenue, Net)
690758195
Cost of revenue(755)(728)(170)
Cost of goods and services sold  (170)
Gross profit:(65)2925
Operating expenses(269)(1,896)(663)
Operating loss:(334)(1,867)(637)
Nonoperating expense
(Other Nonoperating expense)
(951)  
Interest and debt expense(441)61218
Loss from continuing operations before equity method investments, income taxes:(1,726)(1,255)(619)
Other undisclosed loss from continuing operations before income taxes (1,223)(36)
Net loss:(1,726)(2,478)(655)
Other undisclosed net income attributable to parent441  
Net loss available to common stockholders, diluted:(1,285)(2,478)(655)

Comprehensive Income ($ in thousands)

8/31/2015
8/31/2014
8/31/2013
Net loss:(1,726)(2,478)(655)
Comprehensive loss, net of tax, attributable to parent:(1,726)(2,478)(655)

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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