Uppersolution.com (URSL) financial statements (2021 and earlier)

Company profile

Business Address 244 MADISON AVENUE
NEW YORK CITY, NY 10016-2817
State of Incorp. NV
Fiscal Year End May 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments     1411
Cash and cash equivalents     1411
Receivables   3   
Prepaid expense     11
Total current assets:   3 1511
Noncurrent Assets
TOTAL ASSETS:   3 1511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4479914
Accounts payable    9914
Accrued liabilities 24     
Other undisclosed accounts payable and accrued liabilities (20)47   
Debt (114)     
Due to related parties  8244222
Other undisclosed current liabilities 251     
Total current liabilities: 1428650111116
Noncurrent Liabilities
Total liabilities: 1428650111116
Stockholders' equity
Stockholders' equity attributable to parent (142)(86)(47)(11)4(5)
Common stock 55014141412
Additional paid in capital 38,622715841415
Accumulated deficit (38,819)(157)(118)(67)(51)(22)
Total stockholders' equity: (142)(86)(47)(11)4(5)
TOTAL LIABILITIES AND EQUITY:   3 1511

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues   7   
Cost of revenue
(Cost of Goods and Services Sold)
   (3)   
Gross profit:   3   
Operating expenses (38,532)(35)(55)(16)(29)(14)
Operating loss: (38,532)(35)(52)(16)(29)(14)
Nonoperating expense (24)     
Debt instrument, convertible, beneficial conversion feature 106     
Other nonoperating expense (130)     
Interest and debt expense (24)     
Loss from continuing operations before income taxes: (38,580)(35)(52)(16)(29)(14)
Income tax expense (69)     
Other undisclosed income from continuing operations  32    
Loss from continuing operations: (38,650)(3)(52)(16)(29)(14)
Loss from discontinued operations  (3)    
Loss before gain (loss) on sale of properties: (38,650)(7)(52)(16)(29)(14)
Other undisclosed net loss (13)     
Net loss: (38,662)(7)(52)(16)(29)(14)
Net loss attributable to noncontrolling interest (330)     
Other undisclosed net income (loss) attributable to parent 330(32)    
Net loss available to common stockholders, diluted: (38,662)(39)(52)(16)(29)(14)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net loss: (38,662)(7)(52)(16)(29)(14)
Comprehensive loss, net of tax, attributable to parent: (38,662)(7)(52)(16)(29)(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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