Veritec Inc (VRTC) financial statements (2021 and earlier)

Company profile

Business Address 1163 KURSE ST
WEST ST PAUL, MN 55118
State of Incorp. NV
Fiscal Year End June 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1679113947615325
Cash and cash equivalents1679113947615325
Receivables      (13)
Inventory, net of allowances, customer advances and progress billings     14(16)
Inventory     14(16)
Prepaid expense655221817
Other undisclosed current assets10978939108
Total current assets:1831061515772124120
Noncurrent Assets
Property, plant and equipment    011
Intangible assets, net (including goodwill)   1680144
Intangible assets, net (excluding goodwill)   1680144 
Other undisclosed noncurrent assets     6352
Total noncurrent assets:   168020853
TOTAL ASSETS:18310615173153332173
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7457807357201,0401,1071,184
Accounts payable675717671648624630541
Accrued liabilities696364727523104
Employee-related liabilities    239453539
Interest and dividends payable    102  
Debt498654 5752,0332,513493
Derivative instruments and hedges, liabilities   728   
Due to related parties96100969696962,728
Customer advances and deposits  252591
Other undisclosed current liabilities4,1633,7153,6272,366371,542259
Total current liabilities:5,5015,2504,4584,4863,2315,2844,755
Noncurrent Liabilities
Other undisclosed noncurrent liabilities155155155155155155 
Total noncurrent liabilities:155155155155155155 
Total liabilities:5,6565,4054,6134,6413,3865,4394,755
Commitments and contingencies    144  
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,473)(5,299)(4,461)(4,568)(3,233)(5,106)4,582
Preferred stock1111111
Common stock395395395395395165159
Additional paid in capital18,12118,11118,10017,97517,94014,95914,594
Retained earnings (accumulated deficit)(24,003)(23,819)(22,970)(22,951)(21,582)(20,284)4,635
Other undisclosed stockholders' equity attributable to parent131313131352(14,807)
Other undisclosed stockholders' equity    (144)  
Total stockholders' equity:(5,473)(5,299)(4,461)(4,568)(3,378)(5,106)4,582
Other undisclosed liabilities and equity      (9,164)
TOTAL LIABILITIES AND EQUITY:18310615173153332173

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues3793074983266819461,635
Revenue, net  1345082
Revenue from related parties269187377
Financial services revenue 153478438 
Cost of revenue
(Cost of Goods and Services Sold)
(222)(230)(247)(261)(323)(330)(345)
Gross profit:15877251653586161,290
Operating expenses(609)(624)(635)(913)(943)(1,072)(799)
Other operating expense, net
(Other Expenses)
   (586) (499)(189)
Other undisclosed operating income221 16650147548 
Operating income (loss):(230)(547)(368)(784)(438)(408)302
Nonoperating income (expense)(156)(302)  135  
Debt instrument, convertible, beneficial conversion feature    135  
Other nonoperating expense(156)(302)     
Interest and debt expense(166)(302)(253)(404)(271)(499)(189)
Net income (loss):(552)(1,152)(621)(1,188)(574)(907)113
Other undisclosed net income (loss) attributable to parent(56)302603(181)(724)(0)189
Net income (loss) attributable to parent:(608)(849)(18)(1,370)(1,298)(907)302
Other undisclosed net income available to common stockholders, basic     0 
Net income (loss) available to common stockholders, basic:(608)(849)(18)(1,370)(1,298)(907)302
Dilutive securities, effect on basic earnings per share     22,0933,057
Net income (loss) available to common stockholders, diluted:(608)(849)(18)(1,370)(1,298)21,1863,359

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(552)(1,152)(621)(1,188)(574)(907)113
Comprehensive income (loss), net of tax, attributable to parent:(552)(1,152)(621)(1,188)(574)(907)113

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: