SUMMIT NETWORKS INC.: 10-Q filed 2020-06-15

Name: SUMMIT NETWORKS INC.: 10-Q filed 2020-06-15
Creator: SUMMIT NETWORKS INC.

What SUMMIT NETWORKS INC. reported in its quarterly report filed 2020-06-15 (fiscal Q3 2020): 21 published measures, 69 facts as tagged in accession 0001213900-20-014959.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-06-15
Fiscal period: fiscal Q3 2020
Accession: 0001213900-20-014959 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 SUMMIT NETWORKS 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	2,050	USD
At 2019-07-31	553	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	123,655	USD
At 2019-07-31	86,894	USD

Stockholders equity

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

Period	Value	Unit
At 2020-04-30	-166,677	USD
At 2020-01-31	-123,655	USD
At 2020-01-01	-123,655	USD
At 2019-10-31	-113,608	USD
At 2019-07-31	-86,341	USD
At 2019-06-30	-86,341	USD
At 2019-04-30	-12,933	USD
At 2019-01-31	-342,762	USD
At 2018-10-31	-300,264	USD
At 2018-07-31	-62,759	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 2019-07-31	553	USD
At 2018-07-31	17,729	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	-43,022	USD	90
2019-08-01 to 2020-04-30	-80,336	USD	274
2019-02-01 to 2019-04-30	-22,581	USD	89
2018-08-01 to 2019-04-30	-302,584	USD	273

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
2019-08-01 to 2020-04-30	-115,993	USD	274
2018-08-01 to 2019-04-30	-294,369	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
2019-08-01 to 2020-04-30	115,440	USD	274
2018-08-01 to 2019-04-30	276,640	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 2020-04-30	-592,594	USD
At 2019-07-31	-512,258	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	64,049,990	shares	90
2019-08-01 to 2020-04-30	62,309,114	shares	274
2019-02-01 to 2019-04-30	61,049,990	shares	89
2018-08-01 to 2019-04-30	61,049,990	shares	273

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	64,049,990	shares	90
2019-08-01 to 2020-04-30	62,309,114	shares	274
2019-02-01 to 2019-04-30	61,049,990	shares	89
2018-08-01 to 2019-04-30	61,049,990	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	Unit	Days
2020-02-01 to 2020-04-30	USD/shares	90
2019-08-01 to 2020-04-30	USD/shares	274
2019-02-01 to 2019-04-30	USD/shares	89
2018-08-01 to 2019-04-30	USD/shares	273

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
2019-08-01 to 2020-04-30	USD/shares	274
2019-02-01 to 2019-04-30	USD/shares	89
2018-08-01 to 2019-04-30	USD/shares	273

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	-43,022	USD	90
2019-08-01 to 2020-04-30	-80,336	USD	274
2019-02-01 to 2019-04-30	-17,489	USD	89
2018-08-01 to 2019-04-30	-297,492	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 2020-04-30	2,050	USD
At 2019-07-31	553	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	168,727	USD
At 2019-07-31	86,894	USD

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	64,049,990	shares
At 2019-07-31	61,049,990	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	361,867	USD
At 2019-07-31	364,867	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	-43,022	USD	90
2019-08-01 to 2020-04-30	-80,336	USD	274
2019-02-01 to 2019-04-30	-22,581	USD	89
2018-08-01 to 2019-04-30	-302,584	USD	273

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2020-02-01 to 2020-04-30	-43,022	USD	90
2019-11-01 to 2020-01-01	-10,047	USD	62
2019-07-01 to 2019-10-31	-27,267	USD	123
2019-02-01 to 2019-04-30	-22,581	USD	89
2018-11-01 to 2019-01-31	-42,498	USD	92
2018-08-01 to 2018-10-31	-237,505	USD	92

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	43,022	USD	90
2019-08-01 to 2020-04-30	80,336	USD	274
2019-02-01 to 2019-04-30	17,489	USD	89
2018-08-01 to 2019-04-30	297,492	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
2018-08-01 to 2019-04-30	-4,556	USD	273

Inspect the source

Entity: SUMMIT NETWORKS INC. / CIK 0001619096
Captured: 2026-09-21T17:21:42.503Z
SEC response SHA-256: 01faaba20898ebe6101a24e8e83dd4b011df89a56a9a231d05ea2d01ad3b0ab2

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001619096.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"])))