2021 Q1 Form 10-Q Financial Statement

#000164033421001521 Filed on July 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q3 2020 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.940K $127.6K $4.380K
YoY Change -10.05% 403.35% -79.78%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.940K $127.6K $4.375K
YoY Change -9.94% 403.35% -79.8%
Operating Profit -$3.940K -$4.375K
YoY Change -9.94%
Interest Expense $15.12K -$14.50K -$70.61K
YoY Change -121.42% -79.46% -8.38%
% of Operating Profit
Other Income/Expense, Net -$15.12K -$70.61K
YoY Change -78.58%
Pretax Income -$19.06K -$142.1K -$74.99K
YoY Change -74.58% 48.07% -24.05%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$19.06K -$142.1K -$74.99K
YoY Change -74.58% 48.07% -86.12%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$238.90 -$1.781K -$939.80
COMMON SHARES
Basic Shares Outstanding 79.79M shares 79.79M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q3 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $850.00 $1.030K $1.400K
YoY Change -39.29% -44.32% -73.53%
Cash & Equivalents $845.00 $1.025K $1.400K
Short-Term Investments
Other Short-Term Assets $5.000K
YoY Change
Inventory
Prepaid Expenses $5.000K $0.00
Receivables
Other Receivables
Total Short-Term Assets $5.845K $1.025K $1.400K
YoY Change 317.5% -44.59% -99.24%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.845K $1.025K $1.400K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $5.845K $1.025K $1.400K
YoY Change 317.5% -44.59% -99.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.58K $52.22K
YoY Change 21.82% 92.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $598.9K $568.7K $512.3K
YoY Change 16.9% 53.24% 120.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $897.0K $854.1K $764.2K
YoY Change 17.37% 38.9% 48.66%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $897.0K $854.1K $764.2K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $897.0K $854.1K $764.2K
YoY Change 17.37% 38.9% 48.66%
SHAREHOLDERS EQUITY
Retained Earnings -$12.75M -$12.71M
YoY Change 2.91%
Common Stock $11.74M $11.74M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$891.2K -$853.0K -$762.8K
YoY Change
Total Liabilities & Shareholders Equity $5.845K $1.025K $1.400K
YoY Change 317.5% -44.59% -99.24%

Cashflow Statement

Concept 2021 Q1 2020 Q3 2020 Q1
OPERATING ACTIVITIES
Net Income -$19.06K -$142.1K -$74.99K
YoY Change -74.58% 48.07% -86.12%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$90.00 -$90.00 -$220.00
YoY Change -59.09% -64.0% -96.65%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -90.00 -90.00 -220.0
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -90.00 -90.00 -220.0
YoY Change -59.09% -64.0% -96.65%
FREE CASH FLOW
Cash From Operating Activities -$90.00 -$90.00 -$220.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Nature Of Operations
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">iMine Corporation (the “Company”) is a Nevada corporation incorporated on October 26, 2010, under the name Oconn Industries. The Company’s name was changed to Oconn Industries Corp. on February 16, 2012, to Diamante Minerals, Inc. on April 1, 2014 and to iMine Corporation on March 20, 2018. The change of name to iMine Corporation was effective through the merger of the Company’s wholly owned subsidiary, iMine Corporation, into the Company. The Company has one subsidiary, iMine Corporation, an Indiana corporation, which is inactive.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the SEC include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p>
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