$HITC
Healthcare Integrated Technologies Inc.

2022 Q2 Form 10-Q Financial Statement

#000149315222016390 Filed on June 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $252.5K $296.6K
YoY Change -29.98%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.820K $2.280K
YoY Change 23.68%
% of Gross Profit
Operating Expenses $255.3K $298.9K
YoY Change -29.65%
Operating Profit -$255.3K
YoY Change
Interest Expense -$160.6K $30.25K
YoY Change -35.43%
% of Operating Profit
Other Income/Expense, Net -$160.6K
YoY Change
Pretax Income -$415.9K -$255.5K
YoY Change -32.0%
Income Tax
% Of Pretax Income
Net Earnings -$415.9K -$255.5K
YoY Change -32.0%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$9.854K -$6.608K
COMMON SHARES
Basic Shares Outstanding 42.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.59K $11.44K
YoY Change -78.97%
Cash & Equivalents $10.59K $11.44K
Short-Term Investments
Other Short-Term Assets $36.62K $37.58K
YoY Change -7.41%
Inventory
Prepaid Expenses $37.58K
Receivables
Other Receivables
Total Short-Term Assets $47.21K $49.02K
YoY Change -47.49%
LONG-TERM ASSETS
Property, Plant & Equipment $230.00
YoY Change
Goodwill
YoY Change
Intangibles $440.9K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $640.0K $441.1K
YoY Change 90.02%
TOTAL ASSETS
Total Short-Term Assets $47.21K $49.02K
Total Long-Term Assets $640.0K $441.1K
Total Assets $687.2K $490.2K
YoY Change 61.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $352.1K $332.6K
YoY Change -2.78%
Accrued Expenses $1.752M $1.264M
YoY Change 56.76%
Deferred Revenue
YoY Change
Short-Term Debt $325.0K $325.0K
YoY Change -23.53%
Long-Term Debt Due $358.4K $230.0K
YoY Change 55.83%
Total Short-Term Liabilities $3.073M $2.259M
YoY Change 34.3%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.073M $2.259M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.073M $2.259M
YoY Change 34.3%
SHAREHOLDERS EQUITY
Retained Earnings -$12.95M
YoY Change
Common Stock $11.08M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.385M -$1.769M
YoY Change
Total Liabilities & Shareholders Equity $687.2K $490.2K
YoY Change 61.05%

Cashflow Statement

Concept 2022 Q2 2021 Q3
OPERATING ACTIVITIES
Net Income -$415.9K -$255.5K
YoY Change -32.0%
Depreciation, Depletion And Amortization $2.820K $2.280K
YoY Change 23.68%
Cash From Operating Activities -$67.60K -$66.45K
YoY Change -87.14%
INVESTING ACTIVITIES
Capital Expenditures -$3.840K -$19.95K
YoY Change -90.56%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.840K -$19.95K
YoY Change -90.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 81.90K 47.50K
YoY Change -84.8%
NET CHANGE
Cash From Operating Activities -67.60K -66.45K
Cash From Investing Activities -3.840K -19.95K
Cash From Financing Activities 81.90K 47.50K
Net Change In Cash 10.46K -38.90K
YoY Change -137.72%
FREE CASH FLOW
Cash From Operating Activities -$67.60K -$66.45K
Capital Expenditures -$3.840K -$19.95K
Free Cash Flow -$63.76K -$46.50K
YoY Change -86.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
HITC Debt Forgiveness
DebtForgiveness
USD
HITC Derivative Expense
DerivativeExpense
USD
HITC Accounts Payables And Accrued Expense Related Party
AccountsPayablesAndAccruedExpenseRelatedParty
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
USD
HITC Capital Expenditures Included In Accounts Payable And Accrued Expenses
CapitalExpendituresIncludedInAccountsPayableAndAccruedExpenses
USD
us-gaap Stock Issued1
StockIssued1
USD
HITC Issuance Of Warrants With Debt Recorded As Debt Discount
IssuanceOfWarrantsWithDebtRecordedAsDebtDiscount
USD
HITC Issuance Of Common Stock For Payment Of Convertible Debt
IssuanceOfCommonStockForPaymentOfConvertibleDebt
USD
HITC Issuance Of Common Stock For Payment Of Items Included In Accounts Payable And Accrued Expenses
IssuanceOfCommonStockForPaymentOfItemsIncludedInAccountsPayableAndAccruedExpenses
USD
HITC Issuance Of Debt For Purchase And Cancellation Of Shares
IssuanceOfDebtForPurchaseAndCancellationOfShares
USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2021Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
HITC Stock Issued During Period Value New Issues Issuance Of Shares Under Debt Settlement And Amendment Agreement
StockIssuedDuringPeriodValueNewIssuesIssuanceOfSharesUnderDebtSettlementAndAmendmentAgreement
USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
USD
CY2022Q2 HITC Derivative Expense
DerivativeExpense
USD
HITC Derivative Expense
DerivativeExpense
USD
CY2022Q2 HITC Debt Forgiveness
DebtForgiveness
USD
CY2021Q2 HITC Debt Forgiveness
DebtForgiveness
USD
HITC Debt Forgiveness
DebtForgiveness
USD
CY2022Q2 HITC Stock Subscription Receivables
StockSubscriptionReceivables
USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
USD
CY2022Q2 HITC Common Stock Subscribed
CommonStockSubscribed
USD

Files In Submission

Name View Source Status
0001493152-22-016390-index-headers.html Edgar Link pending
0001493152-22-016390-index.html Edgar Link pending
0001493152-22-016390.txt Edgar Link pending
0001493152-22-016390-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
form10-q_htm.xml Edgar Link completed
hitc-20220430.xsd Edgar Link pending
hitc-20220430_cal.xml Edgar Link unprocessable
hitc-20220430_def.xml Edgar Link unprocessable
hitc-20220430_lab.xml Edgar Link unprocessable
hitc-20220430_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending