All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
SUMMIT NETWORKS INC. Last Reported: 3/31/2024 Stock Symbol: N/A

Business Address

S101-5289 CAMBIE STREET

VANCOUVER , BC CA V5J 0J5

Mailing Address

S101-5289 CAMBIE STREET

VANCOUVER , BC CA V5J 0J5
Phone Number: 604-336-5353 / State Incorporated: NV / Fiscal Year End 9 /30

Balance Sheet

Date 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 12/31/2020 10/31/2020 9/30/2020 7/31/2020 6/30/2020 4/30/2020 1/31/2020 12/31/2019 10/31/2019 9/30/2019 7/31/2019 6/30/2019 4/30/2019 1/31/2019 10/31/2018 7/31/2018 4/30/2018 1/31/2018 10/31/2017 7/31/2017 4/30/2017 1/31/2017 10/31/2016 7/31/2016 4/30/2016 1/31/2016 10/31/2015 7/31/2015 4/30/2015 1/31/2015 10/31/2014 7/31/2014
Cash and Cash Equivalents $151,475.00 $101,812.00 $149,614.00 $105,114.00 $151,570.00 $205,530.00 $8,829.00 $17,970.00 $30,152.00 $61,611.00 $80,878.00 $99,228.00 $105,341.00 -- $241,696.00 $292,603.00 $304,796.00 $218,947.00 -- -- -- -- $-1,947.00 $553.00 -- -- $1,450.00 $5,297.00 $17,729.00 -- -- -- -- $902.00 $162.00 $213.00 $859.00 $396.00 $421.00 $2,501.00 $8,711.00 $30,613.00 $22,417.00 $13,991.00 $110.00
Accounts Receivable Net Current -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Inventory -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets $158,738.00 $116,575.00 $164,377.00 $107,377.00 $153,788.00 $205,530.00 $8,829.00 $17,970.00 $30,152.00 $61,611.00 $80,878.00 $119,728.00 $125,841.00 -- $245,916.00 $298,073.00 $310,266.00 -- $2,050.00 -- -- -- -- $553.00 -- -- $6,006.00 $9,853.00 $22,285.00 $4,556.00 $62.00 -- -- $902.00 $162.00 $213.00 $859.00 $396.00 $421.00 $2,501.00 $8,711.00 $30,613.00 $22,417.00 $13,991.00 $110.00
Property Plant and Equipement -- -- -- -- -- -- -- $528.00 $1,453.00 $2,385.00 $3,322.00 $4,260.00 $5,221.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $11,172.00 $11,571.00 $11,970.00 $12,369.00 $12,768.00 $13,167.00 $13,566.00 $13,964.00 $14,362.00 $14,761.00 $15,159.00 $15,558.00 $15,957.00 $16,355.00 $16,754.00 $8,000.00 $8,000.00
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Other Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets $158,738.00 $116,575.00 $164,377.00 $111,325.00 $156,453.00 $205,530.00 $8,829.00 $18,498.00 $31,605.00 $63,996.00 $84,200.00 $123,988.00 $131,062.00 -- $245,916.00 $298,073.00 $310,266.00 -- $2,050.00 -- -- -- -- $553.00 -- -- $6,006.00 $9,853.00 $33,457.00 $17,127.00 $13,032.00 $13,369.00 $13,768.00 $15,069.00 $14,728.00 $15,177.00 $17,699.00 $17,635.00 $18,059.00 $20,537.00 $27,146.00 $49,446.00 $40,171.00 $22,991.00 $9,110.00
Accounts Payable -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $43,822.00 $43,822.00 -- -- -- -- -- -- -- -- -- $138.00 $138.00 -- --
Accrued Liabilities -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $9,645.00 $9,076.00 $15,011.00 $16,732.00 $9,907.00 $7,213.00 -- $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $8,375.00 $6,500.00 $3,500.00 --
Total Current Liabilities -- -- -- -- -- -- -- -- -- -- -- $667,597.00 $609,744.00 -- $289,720.00 -- $217,866.00 -- $123,655.00 $123,655.00 -- $113,608.00 -- $86,894.00 -- $12,933.00 $348,768.00 $310,117.00 $96,216.00 $75,153.00 $67,564.00 $64,270.00 $11,217.00 $958.00 $958.00 $958.00 $958.00 $958.00 $958.00 $958.00 $958.00 $8,733.00 $8,949.00 $5,995.00 $20.00
Long Term Debt -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Additional Paid-in Capital -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Other Comprehensive Loss -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Deficit $-1,307,992.00 $-1,245,520.00 $-1,194,477.00 $-1,342,773.00 $-1,296,253.00 $-1,246,440.00 $-1,218,255.00 $-1,271,852.00 $-1,240,745.00 $-1,186,254.00 $-1,110,050.00 $-1,123,514.00 $-1,045,440.00 -- $-715,637.00 $-655,976.00 $-643,783.00 -- $-592,594.00 $-549,572.00 -- $-539,525.00 -- $-512,258.00 -- -- $-416,269.00 $-373,771.00 $-136,266.00 $-121,526.00 $-106,032.00 $-94,901.00 $-41,449.00 $-29,889.00 $-30,230.00 $-29,781.00 $-27,259.00 $-27,323.00 $-26,899.00 $-24,421.00 $-17,812.00 $-3,287.00 $11,849.00 $12,996.00 $5,090.00
Total Stockholders' Equity $-451,985.00 $-489,513.00 $-538,470.00 $-686,766.00 $-640,336.00 $-590,523.00 $-762,338.00 $-815,935.00 $-784,828.00 $-730,337.00 $-654,133.00 $-667,597.00 $-604,523.00 $-330,291.00 $-289,720.00 $-230,059.00 $-217,866.00 $-193,255.00 $-166,677.00 $-123,655.00 $-123,655.00 $-113,608.00 $-89,369.00 $-86,341.00 $-86,341.00 $-12,933.00 $-342,762.00 $-300,264.00 $-62,759.00 $-58,026.00 $-54,532.00 $-50,901.00 $2,551.00 $14,111.00 $13,770.00 $14,219.00 $16,741.00 $16,677.00 $17,101.00 $19,579.00 $26,188.00 $40,713.00 $31,222.00 $16,996.00 $9,090.00
Controlling Interest in Subsidiaries -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Liabilities and Equity $158,738.00 $116,575.00 $164,377.00 $111,325.00 $156,453.00 $205,530.00 $8,829.00 $18,498.00 $31,605.00 $63,996.00 $84,200.00 $123,988.00 $131,062.00 -- $245,916.00 $298,073.00 $310,266.00 -- $2,050.00 -- -- -- -- $553.00 -- -- $6,006.00 $9,853.00 $33,457.00 $17,127.00 $13,032.00 $13,369.00 $13,768.00 $15,069.00 $14,728.00 $15,177.00 $17,699.00 $17,635.00 $18,059.00 $20,537.00 $27,146.00 $49,446.00 $40,171.00 $22,991.00 $9,110.00

Statement of Operations

Date 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 12/31/2020 10/31/2020 9/30/2020 7/31/2020 6/30/2020 4/30/2020 1/31/2020 12/31/2019 10/31/2019 9/30/2019 7/31/2019 6/30/2019 4/30/2019 1/31/2019 10/31/2018 7/31/2018 4/30/2018 1/31/2018 10/31/2017 7/31/2017 4/30/2017 1/31/2017 10/31/2016 7/31/2016 4/30/2016 1/31/2016 10/31/2015 7/31/2015 4/30/2015 1/31/2015 10/31/2014 7/31/2014
Total Revenues -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $223,910.00 -- $223,910.00 -- -- -- $223,910.00 $223,910.00 -- -- -- $28,193.00 -- -- -- -- -- -- -- -- -- -- -- --
Cost of Revenues -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $163,257.00 -- $163,257.00 -- -- -- $163,257.00 $163,257.00 -- -- -- $21,266.00 -- -- -- -- -- -- -- -- -- -- -- --
Gross Profit -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $60,653.00 -- $60,653.00 -- -- -- $60,653.00 $60,653.00 $60,653.00 -- $60,653.00 $60,653.00 $1,661.00 $3,912.00 $1,354.00 $16,237.00 $1,176.00 $50,728.00 $12,611.00 $37,489.00 $45,599.00 $7,901.00 $24,560.00 $7,100.00
Research and Development -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $596,564.00 -- $569,297.00 -- $17,489.00 $42,498.00 $435,902.00 $198,398.00 $183,658.00 $11,131.00 $157,033.00 $103,581.00 $9,559.00 $8,239.00 $3,877.00 $82,462.00 $23,927.00 $3,107.00 $19,220.00 $54,769.00 $55,454.00 $9,250.00 $9,371.00 $2,010.00
Total Operating Expenses $115,285.00 -- -- $127,681.00 $51,648.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Loss from Operations $-62,870.00 $-52,415.00 $-165,362.00 $-47,848.00 $-51,648.00 $-28,185.00 $-108,205.00 $-161,802.00 $-54,491.00 $-76,204.00 $-572,682.00 $-467,538.00 $-389,464.00 -- $-71,854.00 -- $-131,525.00 $-106,914.00 $-43,022.00 $-10,047.00 -- $-535,911.00 -- $-508,644.00 -- $-17,489.00 $-42,498.00 $-375,249.00 $-94,817.00 $-80,077.00 $-11,131.00 $-96,379.00 $-14,190.00 $-2,632.00 $-2,973.00 $-2,522.00 $-9,447.00 $-28,801.00 $-2,478.00 $-25,899.00 $-19,290.00 $-4,865.00 $-1,350.00 $10,199.00 $5,090.00
Loss Before Income Taxes $-113,515.00 -- -- $-124,518.00 $-49,813.00 -- -- -- -- -- -- -- -- -- -- -- $-131,525.00 -- $-43,022.00 $-10,047.00 -- $-541,003.00 -- $-513,736.00 -- $-91,561.00 $-417,747.00 $-375,249.00 $-137,744.00 $-123,004.00 $-107,510.00 $-96,380.00 $-14,192.00 $341.00 $-2,973.00 $-2,522.00 $-9,447.00 $-28,801.00 $-28,377.00 $-25,899.00 $-19,290.00 $-18,705.00 $8,850.00 $10,199.00 $5,090.00
Earnings Per Share Basic -- -- -- -- -- -- -- -- -- -- $-0.01 $-0.01 $-0.01 -- -- -- -- -- -- -- -- -- -- $-0.06 -- $0.05 $-0.01 -- $-0.02 $-1.54 $-0.01 $-0.01 -- $-0.05 -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Basic 68,431,657 67,806,657 67,139,990 67,128,122 67,049,990 67,049,990 62,049,990 62,049,990 62,049,990 62,049,990 61,908,894 61,860,652 61,882,408 -- 64,049,990 -- -- 62,973,067 64,049,990 61,865,207 -- 61,044,990 -- 61,044,990 -- 6,104,499 6,104,499 6,104,499 53,603,280 5,461,235 5,088,315 5,000,000 -- 5,000,000 5,000,000 -- -- -- -- -- -- -- 4,016,304 4,000,000 --
Earnings Per Share Diluted -- -- -- -- -- -- -- -- -- -- $-0.01 $-0.01 $-0.01 -- -- -- -- -- -- -- -- -- -- $-0.06 -- -- -- -- $-0.02 $-1.54 $-0.01 $-0.01 -- $-0.05 -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Diluted 68,431,657 67,806,657 67,139,990 66,508,268 67,049,990 67,049,990 62,049,990 62,049,990 62,049,990 62,049,990 61,908,894 61,860,652 61,882,408 -- 64,049,990 -- -- 62,973,067 64,049,990 61,865,207 -- 61,044,990 -- 61,044,990 -- 6,104,499 6,104,499 61,044,990 5,360,328 5,461,235 5,088,315 -- 5,000,000 5,000,000 5,000,000 -- -- -- -- -- -- -- -- -- --
Common Stock Shares Authorized 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 -- 500,000,000 500,000,000 500,000,000 -- 500,000,000 500,000,000 -- 500,000,000 -- 500,000,000 -- 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000
Common Stock Shares Outstanding 68,431,657 67,806,657 67,139,990 67,139,990 67,049,990 67,049,990 62,049,990 62,049,990 62,049,990 62,049,990 62,049,990 62,049,990 61,549,990 -- 64,049,990 64,049,990 64,049,990 -- 64,049,990 64,049,990 -- 61,049,990 -- -- -- 6,104,999 6,104,999 6,104,999 6,104,999 5,649,999 5,250,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 4,000,000 4,000,000
Common Stock Value $68,457.00 $67,807.00 $67,140.00 $67,140.00 $67,050.00 $67,050.00 $62,050.00 $62,050.00 $62,050.00 $62,050.00 $62,050.00 $62,050.00 $61,550.00 -- $64,050.00 $64,050.00 $64,050.00 -- $64,050.00 $64,050.00 -- $61,050.00 -- $61,050.00 -- $6,105.00 $6,105.00 $6,105.00 $6,105.00 $5,650.00 $5,250.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $4,000.00 $4,000.00
Common Stock Par Or Stated Value Per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- $0.00 $0.00 $0.00 -- $0.00 $0.00 -- $0.00 -- $0.00 -- $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payments Of Dividends Common Stock -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Authorized 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 -- -- 10,000,000 -- 10,000,000 10,000,000 -- 10,000,000 10,000,000 10,000,000 -- 10,000,000 -- -- -- -- 10,000,000 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Outstanding -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Value -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Par Or Stated Value Per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- -- $0.00 -- $0.00 $0.00 -- $0.00 $0.00 $0.00 -- $0.00 -- -- -- -- $0.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Share Price -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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