VERUS INTERNATIONAL, INC.: 10-Q filed 2022-09-16

Name: VERUS INTERNATIONAL, INC.: 10-Q filed 2022-09-16
Creator: VERUS INTERNATIONAL, INC.
License: https://creativecommons.org/licenses/by/4.0/

What VERUS INTERNATIONAL, INC. reported in its quarterly report filed 2022-09-16 (fiscal Q3 2022): 30 published measures, 81 facts as tagged in accession 0001493152-22-026140.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-09-16
Fiscal period: fiscal Q3 2022
Accession: 0001493152-22-026140 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 2022-07-31	492,532	USD
At 2021-10-31	920,191	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-07-31	3,530,226	USD
At 2021-10-31	4,189,456	USD

Stockholders equity

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

Period	Value	Unit
At 2022-07-31	-3,037,694	USD
At 2022-04-30	-3,801,942	USD
At 2022-01-31	-3,438,740	USD
At 2021-10-31	-3,269,265	USD
At 2021-07-31	902,970	USD
At 2021-04-30	981,488	USD
At 2021-01-31	1,448,680	USD
At 2020-10-31	1,398,097	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 2022-07-31	21,678	USD
At 2021-10-31	66,022	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
2022-05-01 to 2022-07-31	-585,760	USD	92
2021-11-01 to 2022-07-31	-1,694,250	USD	273
2022-02-01 to 2022-04-30	-505,801	USD	89
2021-11-01 to 2022-01-31	-602,689	USD	92
2021-05-01 to 2021-07-31	-303,487	USD	92
2020-11-01 to 2021-07-31	-1,457,135	USD	273
2021-02-01 to 2021-04-30	-707,513	USD	89
2020-11-01 to 2021-01-31	-446,135	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
2021-11-01 to 2022-07-31	-253,344	USD	273
2020-11-01 to 2021-07-31	-704,150	USD	273

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
2021-05-01 to 2021-07-31	35,456	USD	92
2020-11-01 to 2021-07-31	383,300	USD	273

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
2021-11-01 to 2022-07-31	209,000	USD	273
2020-11-01 to 2021-07-31	755,725	USD	273

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 2022-07-31	-51,857,929	USD
At 2021-10-31	-50,163,679	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
2022-05-01 to 2022-07-31	658,855,426	shares	92
2021-11-01 to 2022-07-31	252,734,069	shares	273
2021-05-01 to 2021-07-31	13,423,712	shares	92
2020-11-01 to 2021-07-31	12,507,231	shares	273

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	Value	Unit	Days
2022-05-01 to 2022-07-31	0	USD/shares	92
2021-11-01 to 2022-07-31	-0.01	USD/shares	273
2021-05-01 to 2021-07-31	-0.02	USD/shares	92
2020-11-01 to 2021-07-31	-0.12	USD/shares	273

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 2022-07-31	54,443	USD
At 2021-10-31	85,067	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
2022-05-01 to 2022-07-31	-316,235	USD	92
2021-11-01 to 2022-07-31	-759,872	USD	273
2021-05-01 to 2021-07-31	-173,775	USD	92
2020-11-01 to 2021-07-31	-507,240	USD	273

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 2022-07-31	308,595	USD
At 2021-10-31	636,487	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 2022-07-31	3,497,040	USD
At 2021-10-31	4,083,590	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 2022-07-31	125,318	USD
At 2021-10-31	303,218	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
2022-05-01 to 2022-07-31	316,235	USD	92
2021-11-01 to 2022-07-31	759,872	USD	273
2021-05-01 to 2021-07-31	199,420	USD	92
2020-11-01 to 2021-07-31	711,862	USD	273

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 2022-07-31	145,129	USD
At 2021-10-31	145,129	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
2021-05-01 to 2021-07-31	25,645	USD	92
2020-11-01 to 2021-07-31	204,622	USD	273

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
2021-05-01 to 2021-07-31	9,811	USD	92
2020-11-01 to 2021-07-31	178,678	USD	273

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 2022-07-31	48,798,578	USD
At 2021-10-31	46,889,360	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 2022-07-31	129,494	USD
At 2021-10-31	198,637	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 2022-07-31	129,494	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
2022-05-01 to 2022-07-31	-585,720	USD	92
2021-11-01 to 2022-07-31	-1,653,171	USD	273
2021-05-01 to 2021-07-31	-231,989	USD	92
2020-11-01 to 2021-07-31	-1,479,567	USD	273

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
2022-05-01 to 2022-07-31	231,529	USD	92
2021-11-01 to 2022-07-31	468,213	USD	273
2021-05-01 to 2021-07-31	98,251	USD	92
2020-11-01 to 2021-07-31	456,733	USD	273

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
2022-05-01 to 2022-07-31	-269,485	USD	92
2021-11-01 to 2022-07-31	-893,299	USD	273
2021-05-01 to 2021-07-31	-58,214	USD	92
2020-11-01 to 2021-07-31	-972,327	USD	273

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
2020-11-01 to 2021-07-31	18,765	USD	273

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
2021-11-01 to 2022-07-31	16,900	USD	273

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
2020-11-01 to 2021-07-31	345,982	USD	273

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
2020-11-01 to 2021-07-31	25,289	USD	273

Inspect the source

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

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

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import json
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with urlopen("https://canlicapital.com/company-data/0001430523.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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