Velt International Group Inc. (VIGC) financial statements (2021 and earlier)

Company profile

Business Address LEVEL 3, 26 MARINE PARADE
QUEENSLAND, 4215
State of Incorp. NV
Fiscal Year End September 30
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14431051115
Cash and cash equivalents14431051115
Receivables2914126   
Inventory, net of allowances, customer advances and progress billings490    369
Inventory490    369
Prepaid expense90     
Other undisclosed current assets  93  7
Total current assets:1,01641599051491
Noncurrent Assets
Property, plant and equipment8948458996 7
Long-term investments and receivables  191   
Accounts and financing receivable, after allowance for credit loss  191   
Intangible assets, net (including goodwill)2,4662,000    
Intangible assets, net (excluding goodwill)2,4662,000    
Other noncurrent assets 00  379
Other undisclosed noncurrent assets  (0)   
Total noncurrent assets:3,3602,8451,0916 386
TOTAL ASSETS:4,3763,2601,190651877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38541 7 32
Accounts payable108    32
Accrued liabilities27741 7  
Debt19314419022186 
Due to related parties52,153    
Other undisclosed current liabilities203 (89)  1
Total current liabilities:7852,3371012288633
Noncurrent Liabilities
Liabilities, other than long-term debt     156
Customer advances or deposits 156
Other undisclosed noncurrent liabilities  103  40
Total noncurrent liabilities:  103  196
Total liabilities:7852,33720422886229
Stockholders' equity
Stockholders' equity attributable to parent3,591923986(221)(36)648
Common stock47391323841
Additional paid in capital8,0454,6783,5341,0219851,282
Accumulated other comprehensive income (loss)64(18)(55)  (1)
Accumulated deficit(4,491)(3,776)(2,506)(1,244)(1,058)(673)
Stockholders' equity note, subscriptions receivable(73)     
Total stockholders' equity:3,591923986(221)(36)648
TOTAL LIABILITIES AND EQUITY:4,3763,2601,190651877

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues640187 236581,277
Cost of revenue(276)  (23)(746)(1,107)
Cost of goods and services sold   (23)(746)(1,107)
Other undisclosed gross profit   23  
Gross profit:363187 23(88)170
Operating expenses(711)(426)(1,260)(170)(296)(216)
Other operating expense, net  (3)   
Other undisclosed operating income5 3   
Operating loss:(343)(239)(1,260)(147)(384)(46)
Nonoperating income (expense)488 (3) 00
Investment income, nonoperating    00
Other nonoperating income486     
Interest and debt expense(1)(4) (3)  
Income (loss) from continuing operations before equity method investments, income taxes:144(243)(1,263)(150)(384)(46)
Other undisclosed income (loss) from continuing operations before income taxes1414 (36)(1) 
Net income (loss) available to common stockholders, diluted:158(229)(1,263)(186)(385)(46)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):158(229)(1,263)(186)(385)(46)
Other comprehensive income (loss)9536(55) 1(0)
Comprehensive income (loss), net of tax, attributable to parent:253(193)(1,318)(186)(384)(46)

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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