VERITEC, INC.: 10-K/A filed 2012-10-24

Name: VERITEC, INC.: 10-K/A filed 2012-10-24
Creator: VERITEC, INC.

What VERITEC, INC. reported in its annual report amendment filed 2012-10-24 (fiscal FY 2012): 24 published measures, 51 facts as tagged in accession 0001471242-12-001422.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form: 10-K/A (annual report amendment)
Filed: 2012-10-24
Fiscal period: fiscal FY 2012
Accession: 0001471242-12-001422 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All VERITEC, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2012-06-30	582,482	USD
At 2011-12-31	92,849	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2012-06-30	-4,283,337	USD
At 2011-12-31	-3,566,809	USD
At 2011-06-30	-3,566,809	USD
At 2010-06-30	-2,578,158	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2012-06-30	62,115	USD
At 2011-06-30	14,996	USD
At 2010-06-30	31,915	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	-846,461	USD	366
2010-07-01 to 2011-06-30	-990,197	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	-471,546	USD	366
2010-07-01 to 2011-06-30	-91,619	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	586,784	USD	366
2010-07-01 to 2011-06-30	885,406	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	530,333	USD	366
2010-07-01 to 2011-06-30	134,700	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	11,668	USD	366
2010-07-01 to 2011-06-30	60,000	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2012-06-30	-18,856,548	USD
At 2011-12-31	-18,010,087	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2012-06-30	644	USD
At 2011-12-31	16,468	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	2	USD	366
2010-07-01 to 2011-06-30	1,546	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2012-06-30	581,838	USD
At 2011-12-31	76,381	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	231,235	USD	366
2010-07-01 to 2011-06-30	160,125	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2012-06-30	4,865,819	USD
At 2011-12-31	3,659,658	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2012-06-30	584,109	USD
At 2011-12-31	759,017	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	342,097	USD	366
2010-07-01 to 2011-06-30	538,006	USD	365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	206,748	USD	366
2010-07-01 to 2011-06-30	219,334	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2012-06-30	15,920,088	shares
At 2011-12-31	15,920,088	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2012-06-30	14,413,010	USD
At 2011-12-31	14,283,077	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2012-06-30	128,135	USD
At 2011-12-31	219,028	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	-846,461	USD	366
2010-07-01 to 2011-06-30	-990,197	USD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	605,721	USD	366
2010-07-01 to 2011-06-30	986,130	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	15,824	USD	366
2010-07-01 to 2011-06-30	28,611	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2011-07-01 to 2012-06-30	2,529	USD	366
2010-07-01 to 2011-06-30	-2,738	USD	365

Inspect the source

Entity: VERITEC, INC. / CIK 0000773318
Captured: 2026-09-21T17:16:58.389Z
SEC response SHA-256: e96caa0df3ca1a0d9d24b5c05de8d00791b54a68d6e1b2470de08c9208b35521

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000773318.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))