Uppersolution.com (URSL) financial statements (2020 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)

11/30/2019
TTM
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:1479914
Accounts payable   9914
Accrued liabilities6     
Other undisclosed accounts payable and accrued liabilities(5)47   
Debt105     
Due to related parties 8244222
Other undisclosed current liabilities6     
Total current liabilities:1138650111116
Noncurrent Liabilities
Long-term debt and lease obligation(105)     
Long-term debt, excluding current maturities(105)     
Other undisclosed noncurrent liabilities105     
Total liabilities:1138650111116
Stockholders' equity
Stockholders' equity attributable to parent(113)(86)(47)(11)4(5)
Common stock0014141412
Additional paid in capital126715841415
Accumulated deficit(239)(157)(118)(67)(51)(22)
Total stockholders' equity:(113)(86)(47)(11)4(5)
TOTAL LIABILITIES AND EQUITY:  3 1511

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

11/30/2019
TTM
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(33)(35)(55)(16)(29)(14)
Operating loss:(33)(35)(52)(16)(29)(14)
Nonoperating expense(15)     
Debt instrument, convertible, beneficial conversion feature46     
Other nonoperating expense(61)     
Interest and debt expense61     
Income (loss) from continuing operations before equity method investments, income taxes:13(35)(52)(16)(29)(14)
Other undisclosed loss from continuing operations before income taxes(106)     
Loss from continuing operations before income taxes:(94)(35)(52)(16)(29)(14)
Income tax expense(5)     
Other undisclosed income from continuing operations3232    
Loss from continuing operations:(67)(3)(52)(16)(29)(14)
Loss from discontinued operations(4)(3)    
Loss before gain (loss) on sale of properties:(71)(7)(52)(16)(29)(14)
Other undisclosed net income5     
Net loss:(66)(7)(52)(16)(29)(14)
Other undisclosed net loss attributable to parent(32)(32)    
Net loss available to common stockholders, diluted:(98)(39)(52)(16)(29)(14)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net loss:(66)(7)(52)(16)(29)(14)
Comprehensive loss, net of tax, attributable to parent:(66)(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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