Sealand Natural Resources Inc (VAPN) financial statements (2020 and earlier)

Company profile

Business Address 50 W. LIBERTY STREET #880
RENO,, NV 89501
State of Incorp. NV
Fiscal Year End May 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81034
Cash and cash equivalents81034
Receivables531247
Inventory, net of allowances, customer advances and progress billings110113
Inventory110113
Prepaid expense483
Total current assets:1,499397
Noncurrent Assets
Property, plant and equipment8662
Other undisclosed noncurrent assets15040
Total noncurrent assets:236102
TOTAL ASSETS:1,734499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:49396
Other undisclosed accounts payable and accrued liabilities49396
Debt108235
Other liabilities250 
Other undisclosed current liabilities 20
Total current liabilities:407651
Noncurrent Liabilities
Other undisclosed noncurrent liabilities407651
Total noncurrent liabilities:407651
Total liabilities:8141,302
Stockholders' equity
Stockholders' equity attributable to parent, including:1,327(152)
Common stock32
Common stock, share subscribed but unissued, subscriptions receivable1,004(379)
Additional paid in capital3,899405
Other undisclosed stockholders' equity attributable to parent(3,578)(180)
Total stockholders' equity:1,327(152)
Other undisclosed liabilities and equity(407)(651)
TOTAL LIABILITIES AND EQUITY:1,734499

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

5/31/2014
5/31/2013
Revenues
(Revenue, Net)
566286
Cost of revenue(541)(94)
Gross profit:24192
Operating expenses(2,529)(828)
Operating loss:(2,505)(636)
Interest and debt expense(150)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes42 
Loss from continuing operations before income taxes:(2,613)(647)
Income tax expense(760) 
Net loss:(3,373)(647)
Other undisclosed net income attributable to parent760 
Net loss available to common stockholders, diluted:(2,613)(647)

Comprehensive Income ($ in thousands)

5/31/2014
5/31/2013
Net loss:(3,373)(647)
Comprehensive loss, net of tax, attributable to parent:(3,373)(647)

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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