SUMMIT NETWORKS INC.: 10-Q filed 2017-05-26

Name: SUMMIT NETWORKS INC.: 10-Q filed 2017-05-26
Creator: SUMMIT NETWORKS INC.

What SUMMIT NETWORKS INC. reported in its quarterly report filed 2017-05-26 (fiscal Q3 2017): 23 published measures, 59 facts as tagged in accession 0001477932-17-002570.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-05-26
Fiscal period: fiscal Q3 2017
Accession: 0001477932-17-002570 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 2017-04-30	15,069	USD
At 2016-07-31	17,699	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-04-30	958	USD
At 2016-07-31	958	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-04-30	14,111	USD
At 2016-07-31	16,741	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 2017-04-30	902	USD
At 2016-07-31	859	USD
At 2016-04-30	396	USD
At 2015-07-31	8,711	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
2017-02-01 to 2017-04-30	341	USD	89
2016-08-01 to 2017-04-30	-2,632	USD	273
2014-07-08 to 2017-04-30	-29,889	USD	1028
2016-02-01 to 2016-04-30	-424	USD	90
2015-08-01 to 2016-04-30	-9,511	USD	274

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
2016-08-01 to 2017-04-30	43	USD	273
2014-07-08 to 2017-04-30	-25,806	USD	1028
2015-08-01 to 2016-04-30	-8,315	USD	274

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
2014-07-08 to 2017-04-30	44,458	USD	1028

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
2014-07-08 to 2017-04-30	-17,750	USD	1028

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 2017-04-30	-29,889	USD
At 2016-07-31	-27,259	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
2014-07-08 to 2017-04-30	1,478	USD	1028

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 2017-04-30	13,167	USD
At 2016-07-31	14,362	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
2017-02-01 to 2017-04-30	341	USD	89
2016-08-01 to 2017-04-30	-2,632	USD	273
2014-07-08 to 2017-04-30	-31,368	USD	1028
2016-02-01 to 2016-04-30	-424	USD	90
2015-08-01 to 2016-04-30	-9,511	USD	274

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 2017-04-30	902	USD
At 2016-07-31	859	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
2017-02-01 to 2017-04-30	1,661	USD	89
2016-08-01 to 2017-04-30	6,927	USD	273
2014-07-08 to 2017-04-30	60,653	USD	1028
2016-02-01 to 2016-04-30	1,176	USD	90
2015-08-01 to 2016-04-30	14,416	USD	274

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
2017-02-01 to 2017-04-30	1,320	USD	89
2016-08-01 to 2017-04-30	9,559	USD	273
2014-07-08 to 2017-04-30	92,021	USD	1028
2016-02-01 to 2016-04-30	1,600	USD	90
2015-08-01 to 2016-04-30	23,927	USD	274

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 2017-04-30	5,000,000	shares
At 2016-07-31	5,000,000	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 2017-04-30	39,000	USD
At 2016-07-31	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 2017-04-30	500	USD
At 2016-07-31	500	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 2016-07-31	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
2017-02-01 to 2017-04-30	341	USD	89
2016-08-01 to 2017-04-30	-2,632	USD	273
2014-07-08 to 2017-04-30	-31,368	USD	1028
2016-02-01 to 2016-04-30	-424	USD	90
2015-08-01 to 2016-04-30	-9,511	USD	274

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
2016-08-01 to 2017-04-30	1,197	USD	273
2014-07-08 to 2017-04-30	4,583	USD	1028
2015-08-01 to 2016-04-30	1,196	USD	274

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
2016-08-01 to 2017-04-30	1,478	USD	273

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
2014-07-08 to 2017-04-30	44,000	USD	1028

Inspect the source

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

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/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"])))