FORZA INNOVATIONS, INC.: 10-K filed 2022-10-13

Name: FORZA INNOVATIONS, INC.: 10-K filed 2022-10-13
Creator: FORZA INNOVATIONS, INC.

What FORZA INNOVATIONS, INC. reported in its annual report filed 2022-10-13 (fiscal FY 2022): 36 published measures, 73 facts as tagged in accession 0001607062-22-000621.

This filing

Form: 10-K (annual report)
Filed: 2022-10-13
Fiscal period: fiscal FY 2022
Accession: 0001607062-22-000621 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 FORZA INNOVATIONS, 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 2022-06-30	462,556	USD
At 2021-06-30	137,881	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-06-30	1,789,764	USD
At 2021-06-30	420,611	USD

Stockholders equity

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

Period	Value	Unit
At 2022-06-30	-1,327,208	USD
At 2021-06-30	-282,730	USD
At 2020-06-30	60,410	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
2021-07-01 to 2022-06-30	-2,700,508	USD	365
2020-07-01 to 2021-06-30	-3,143,140	USD	365

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
2021-07-01 to 2022-06-30	-712,145	USD	365
2020-07-01 to 2021-06-30	66,297	USD	365

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
2021-07-01 to 2022-06-30	75,612	USD	365
2020-07-01 to 2021-06-30	40,000	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2021-07-01 to 2022-06-30	25,871	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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
2021-07-01 to 2022-06-30	1,069,994	USD	365
2020-07-01 to 2021-06-30	57,497	USD	365

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
2021-07-01 to 2022-06-30	-75,612	USD	365
2020-07-01 to 2021-06-30	-110,117	USD	365

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 2022-06-30	-6,195,238	USD
At 2021-06-30	-3,494,730	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
2021-07-01 to 2022-06-30	0	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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 2022-06-30	155,599	USD
At 2021-06-30	108,954	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2021-07-01 to 2022-06-30	1,068,731	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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
2021-07-01 to 2022-06-30	-1,899,669	USD	365
2020-07-01 to 2021-06-30	-60,165	USD	365

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 2022-06-30	301,044	USD
At 2021-06-30	13,677	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2021-07-01 to 2022-06-30	150,351	USD	365
2020-07-01 to 2021-06-30	26,033	USD	365

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 2022-06-30	1,789,764	USD
At 2021-06-30	420,611	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 2022-06-30	0	USD
At 2021-06-30	15,250	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
2021-07-01 to 2022-06-30	1,922,748	USD	365
2020-07-01 to 2021-06-30	60,165	USD	365

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
2021-07-01 to 2022-06-30	23,079	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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
2021-07-01 to 2022-06-30	2,792	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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 2022-06-30	220,009,575	shares
At 2021-06-30	281,000,000	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-06-30	295,914	USD
At 2021-06-30	13,677	USD
At 2020-06-30	0	USD

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 2022-06-30	4,611,790	USD
At 2021-06-30	2,921,000	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-06-30	39,701	USD
At 2021-06-30	8,118	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2022-06-30	5,913	USD
At 2021-06-30	0	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 2022-06-30	109,769	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 2022-06-30	0	USD
At 2021-06-30	0	USD

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
2021-07-01 to 2022-06-30	-2,700,508	USD	365
2020-07-01 to 2021-06-30	-3,143,140	USD	365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-07-01 to 2022-06-30	-2,700,508	USD	365
2020-07-01 to 2021-06-30	-3,168,582	USD	365

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
2021-07-01 to 2022-06-30	152,315	USD	365
2020-07-01 to 2021-06-30	60,165	USD	365

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
2021-07-01 to 2022-06-30	36,021	USD	365
2020-07-01 to 2021-06-30	10,931	USD	365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2021-07-01 to 2022-06-30	36,021	USD	365
2020-07-01 to 2021-06-30	10,931	USD	365

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
2021-07-01 to 2022-06-30	-800,839	USD	365
2020-07-01 to 2021-06-30	-3,108,417	USD	365

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
2021-07-01 to 2022-06-30	22,746	USD	365
2020-07-01 to 2021-06-30	0	USD	365

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
2021-07-01 to 2022-06-30	11,218	USD	365
2020-07-01 to 2021-06-30	35,400	USD	365

Inspect the source

Entity: FORZA INNOVATIONS, INC. / CIK 0001683131
Captured: 2026-09-22 19:54 UTC
SEC response SHA-256: 83dad3e2d1d98278f83f494875d231f76bebc65d77c882135da88988192700df

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

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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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001683131.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"])))