SUMMIT NETWORKS INC.: 10-Q filed 2015-06-15

Name: SUMMIT NETWORKS INC.: 10-Q filed 2015-06-15
Creator: SUMMIT NETWORKS INC.

What SUMMIT NETWORKS INC. reported in its quarterly report filed 2015-06-15 (fiscal Q3 2015): 27 published measures, 55 facts as tagged in accession 0001477932-15-003882.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-06-15
Fiscal period: fiscal Q3 2015
Accession: 0001477932-15-003882 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 2015-04-30	49,446	USD
At 2014-07-31	9,110	USD

Total liabilities

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

Period	Value	Unit	Days
At 2015-04-30	8,733	USD
At 2014-07-31	20	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2015-04-30	40,713	USD
At 2014-07-31	9,090	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 2015-04-30	30,613	USD
At 2014-07-31	110	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
2015-02-01 to 2015-04-30	-15,136	USD	89
2014-08-01 to 2015-04-30	-8,377	USD	273
2014-07-09 to 2015-04-30	-3,287	USD	296

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
2014-08-01 to 2015-04-30	53	USD	273
2014-07-09 to 2015-04-30	4,143	USD	296

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2014-08-01 to 2015-04-30	9,750	USD	273
2014-07-09 to 2015-04-30	17,750	USD	296

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
2014-08-01 to 2015-04-30	40,200	USD	273
2014-07-09 to 2015-04-30	44,220	USD	296

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
2014-08-01 to 2015-04-30	-9,750	USD	273
2014-07-09 to 2015-04-30	-17,750	USD	296

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 2015-04-30	-3,287	USD
At 2014-07-31	5,090	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2015-02-01 to 2015-04-30	-3,569	USD	89
2014-08-01 to 2015-04-30	-1,478	USD	273
2014-07-09 to 2015-04-30	-1,478	USD	296

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 2015-04-30	16,355	USD
At 2014-07-31	8,000	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
2015-02-01 to 2015-04-30	-18,705	USD	89
2014-08-01 to 2015-04-30	-9,855	USD	273
2014-07-09 to 2015-04-30	-4,865	USD	296

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 2015-04-30	30,613	USD
At 2014-07-31	110	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 2015-04-30	138	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
2015-02-01 to 2015-04-30	22,188	USD	89
2014-08-01 to 2015-04-30	45,599	USD	273
2014-07-09 to 2015-04-30	54,649	USD	296

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2015-02-01 to 2015-04-30	40,893	USD	89
2014-08-01 to 2015-04-30	55,454	USD	273
2014-07-09 to 2015-04-30	59,514	USD	296

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 2015-04-30	5,000,000	shares
At 2014-07-31	4,000,000	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 2015-04-30	39,000	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 2015-04-30	8,375	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2015-04-30	1,478	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
2015-02-01 to 2015-04-30	-18,705	USD	89
2014-08-01 to 2015-04-30	-9,855	USD	273
2014-07-09 to 2015-04-30	-4,765	USD	296

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
2014-08-01 to 2015-04-30	1,395	USD	273
2014-07-09 to 2015-04-30	1,395	USD	296

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2014-07-09 to 2015-04-30	100	USD	296

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2014-08-01 to 2015-04-30	-1,478	USD	273
2014-07-09 to 2015-04-30	-1,478	USD	296

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2014-08-01 to 2015-04-30	40,000	USD	273
2014-07-09 to 2015-04-30	44,000	USD	296

Change in accounts payable

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

Period	Value	Unit	Days
2014-08-01 to 2015-04-30	138	USD	273
2014-07-09 to 2015-04-30	138	USD	296

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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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"])))