Velt International Group Inc. (VIGC) financial statements (2020 and earlier)

Company profile

Business Address 1313 N GRAND AVE. #16
WALNUT, CA 91789
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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4105111533
Cash and cash equivalents4105111533
Receivables66    
Inventory, net of allowances, customer advances and progress billings    369280
Inventory    369280
Other undisclosed current assets9393  742
Total current assets:10399051491354
Noncurrent Assets
Property, plant and equipment9098996 712
Long-term investments and receivables 191    
Accounts and financing receivable, after allowance for credit loss 191    
Other noncurrent assets00  3790
Other undisclosed noncurrent assets (0)    
Total noncurrent assets:9091,0916 38612
TOTAL ASSETS:1,0111,190651877367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  7 3222
Accounts payable    3222
Accrued liabilities  7   
Debt8719022186  
Other undisclosed current liabilities5(89)  13
Total current liabilities:92101228863325
Noncurrent Liabilities
Liabilities, other than long-term debt    156 
Customer advances or deposits 156 
Other undisclosed noncurrent liabilities103103  4048
Total noncurrent liabilities:103103  19648
Total liabilities:1952042288622973
Stockholders' equity
Stockholders' equity attributable to parent, including:816986(221)(36)648294
Common stock13132384137
Additional paid in capital3,5703,5341,0219851,282886
Accumulated other comprehensive loss(19)(55)  (1)(1)
Accumulated deficit(2,747)(2,506)(1,244)(1,058)(673) 
Other undisclosed stockholders' equity attributable to parent     (627)
Other undisclosed stockholders' equity     (238)
Total stockholders' equity:816986(221)(36)64856
Other undisclosed liabilities and equity     238
TOTAL LIABILITIES AND EQUITY:1,0111,190651877367

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues  236581,277732
Cost of revenue
(Cost of Goods and Services Sold)
  (23)(746)(1,107)(645)
Other undisclosed gross profit  23   
Gross profit:  23(88)17086
Operating expenses(1,489)(1,260)(170)(296)(216)(242)
Other operating expense, net (3)    
Other undisclosed operating income 3    
Operating loss:(1,489)(1,260)(147)(384)(46)(156)
Nonoperating income (expense)(2)(3) 00 
Investment income, nonoperating   00 
Other nonoperating expense(2)     
Interest and debt expense(3) (3)   
Loss from continuing operations before equity method investments, income taxes:(1,494)(1,263)(150)(384)(46)(156)
Other undisclosed loss from continuing operations before income taxes  (36)(1)  
Net loss available to common stockholders, diluted:(1,494)(1,263)(186)(385)(46)(156)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net loss:(1,494)(1,263)(186)(385)(46)(156)
Other comprehensive income (loss)36(55) 1(0)2
Other undisclosed comprehensive loss(55)     
Comprehensive loss:(1,513)(1,318)(186)(384)(46)(155)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (3)
Comprehensive loss, net of tax, attributable to parent:(1,513)(1,318)(186)(384)(46)(158)

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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