VERUS INTERNATIONAL, INC.: 10-Q filed 2020-06-22

Name: VERUS INTERNATIONAL, INC.: 10-Q filed 2020-06-22
Creator: VERUS INTERNATIONAL, INC.
License: https://creativecommons.org/licenses/by/4.0/

What VERUS INTERNATIONAL, INC. reported in its quarterly report filed 2020-06-22 (fiscal Q2 2020): 36 published measures, 102 facts as tagged in accession 0001493152-20-011599.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-06-22
Fiscal period: fiscal Q2 2020
Accession: 0001493152-20-011599 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All VERUS INTERNATIONAL, 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 2020-04-30	7,796,816	USD
At 2019-10-31	5,225,442	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-04-30	7,226,782	USD
At 2019-10-31	6,151,762	USD

Stockholders equity

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

Period	Value	Unit
At 2020-04-30	570,034	USD
At 2020-01-31	256,344	USD
At 2019-10-31	-926,320	USD
At 2019-04-30	79,568	USD
At 2019-01-31	-1,895,204	USD
At 2018-10-31	-1,558,229	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	Days
At 2020-04-30	368,013	USD
At 2019-10-31	371,898	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
2020-02-01 to 2020-04-30	-7,313,120	USD	90
2019-11-01 to 2020-04-30	-9,816,408	USD	182
2019-11-01 to 2020-01-31	-2,503,288	USD	92
2019-02-01 to 2019-04-30	2,164,614	USD	89
2018-11-01 to 2019-04-30	1,826,134	USD	181
2018-11-01 to 2019-01-31	-338,478	USD	92

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
2019-11-01 to 2020-04-30	-1,296,364	USD	182
2018-11-01 to 2019-04-30	-377,792	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	4,647,886	USD	90
2019-11-01 to 2020-04-30	10,821,548	USD	182
2019-02-01 to 2019-04-30	2,942,435	USD	89
2018-11-01 to 2019-04-30	5,386,255	USD	181

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
2019-11-01 to 2020-04-30	1,295,479	USD	182
2018-11-01 to 2019-04-30	842,270	USD	181

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
2019-11-01 to 2020-04-30	-3,000	USD	182

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 2020-04-30	-38,310,998	USD
At 2019-10-31	-28,494,590	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	2,325,846,232	shares	90
2019-11-01 to 2020-04-30	2,316,497,631	shares	182
2019-02-01 to 2019-04-30	1,514,514,259	shares	89
2018-11-01 to 2019-04-30	1,506,628,559	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	2,325,846,232	shares	90
2019-11-01 to 2020-04-30	2,316,497,631	shares	182
2019-02-01 to 2019-04-30	2,144,219,259	shares	89
2018-11-01 to 2019-04-30	2,136,333,559	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Unit	Days
2020-02-01 to 2020-04-30	USD/shares	90
2019-11-01 to 2020-04-30	USD/shares	182
2019-02-01 to 2019-04-30	USD/shares	89
2018-11-01 to 2019-04-30	USD/shares	181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Unit	Days
2020-02-01 to 2020-04-30	USD/shares	90
2019-11-01 to 2020-04-30	USD/shares	182
2019-02-01 to 2019-04-30	USD/shares	89
2018-11-01 to 2019-04-30	USD/shares	181

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 2020-04-30	22,500	USD
At 2019-10-31	23,257	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-6,997,849	USD	90
2019-11-01 to 2020-04-30	-8,580,200	USD	182
2019-02-01 to 2019-04-30	-243,688	USD	89
2018-11-01 to 2019-04-30	-281,046	USD	181

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 2020-04-30	6,920,556	USD
At 2019-10-31	4,364,478	USD

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 2020-04-30	7,095,310	USD
At 2019-10-31	6,151,762	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2020-04-30	717,971	USD
At 2019-10-31	837,707	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-04-30	5,449,931	USD
At 2019-10-31	3,319,687	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	7,733,777	USD	90
2019-11-01 to 2020-04-30	10,449,685	USD	182
2019-02-01 to 2019-04-30	695,993	USD	89
2018-11-01 to 2019-04-30	1,099,704	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2020-04-30	586,912	USD
At 2019-10-31	598,515	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
2020-02-01 to 2020-04-30	735,928	USD	90
2019-11-01 to 2020-04-30	1,869,485	USD	182
2019-02-01 to 2019-04-30	452,305	USD	89
2018-11-01 to 2019-04-30	818,658	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	3,911,958	USD	90
2019-11-01 to 2020-04-30	8,952,063	USD	182
2019-02-01 to 2019-04-30	2,490,130	USD	89
2018-11-01 to 2019-04-30	4,567,597	USD	181

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 2020-04-30	2,422,390,263	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 2020-04-30	38,788,567	USD
At 2019-10-31	27,565,919	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2020-04-30	135,789	USD
At 2019-11-02	174,241	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2020-04-30	148,315	USD
At 2019-11-02	188,792	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-7,313,120	USD	90
2019-11-01 to 2020-04-30	-9,816,408	USD	182
2019-02-01 to 2019-04-30	2,164,614	USD	89
2018-11-01 to 2019-04-30	1,826,134	USD	181

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
2020-02-01 to 2020-04-30	583,728	USD	90
2019-11-01 to 2020-04-30	1,197,234	USD	182
2019-02-01 to 2019-04-30	236,468	USD	89
2018-11-01 to 2019-04-30	430,303	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	53,233	USD	90
2019-11-01 to 2020-04-30	119,736	USD	182

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-315,271	USD	90
2019-11-01 to 2020-04-30	-1,236,208	USD	182
2019-02-01 to 2019-04-30	2,408,302	USD	89
2018-11-01 to 2019-04-30	2,107,180	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-11-01 to 2020-04-30	10,448	USD	182
2018-11-01 to 2019-04-30	81,260	USD	181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	22,486	USD	90
2019-11-01 to 2020-04-30	44,749	USD	182

Change in accounts receivable

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

Period	Value	Unit	Days
2019-11-01 to 2020-04-30	2,130,244	USD	182
2018-11-01 to 2019-04-30	589,993	USD	181

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
2019-11-01 to 2020-04-30	-11,603	USD	182
2018-11-01 to 2019-04-30	162,272	USD	181

Inspect the source

Entity: VERUS INTERNATIONAL, INC. / CIK 0001430523
Captured: 2026-09-22 19:47 UTC
SEC response SHA-256: 16880f121d65f56b93d9220adb8a3262bfea0deef806aee62d603e48a25d9440

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