$SITS
SOUTHERN ITS INTERNATIONAL, INC.

2015 Q4 Form 10-K Financial Statement

#000147793223008761 Filed on November 22, 2023

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014
Revenue $1.390M $508.0K
YoY Change 173.65%
Cost Of Revenue $1.377M $287.7K
YoY Change 378.75%
Gross Profit $13.13K $220.4K
YoY Change -94.04%
Gross Profit Margin 0.94% 43.38%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $830.00 $830.00
YoY Change 0.0%
% of Gross Profit 6.32% 0.38%
Operating Expenses $295.2K $518.3K
YoY Change -43.04%
Operating Profit -$282.1K -$297.9K
YoY Change -5.32%
Interest Expense $42.46K $95.40K
YoY Change -55.49%
% of Operating Profit
Other Income/Expense, Net -$735.9K -$172.6K
YoY Change 326.29%
Pretax Income -$1.018M -$470.6K
YoY Change 116.33%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.018M -$470.6K
YoY Change 116.33% -67.38%
Net Earnings / Revenue -73.22% -92.63%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 20.88M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.18K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $2.000K
Receivables $0.00
Other Receivables
Total Short-Term Assets $27.18K
YoY Change -96.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.618K
YoY Change -24.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.618K
YoY Change -24.07%
TOTAL ASSETS
Total Short-Term Assets $27.18K
Total Long-Term Assets $2.618K
Total Assets $29.80K
YoY Change -95.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.075M
YoY Change 12.37%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.075M
Total Long-Term Liabilities $0.00
Total Liabilities $3.075M
YoY Change 12.37%
SHAREHOLDERS EQUITY
Retained Earnings -$9.169M
YoY Change 12.49%
Common Stock $20.89K
YoY Change 9.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.045M
YoY Change
Total Liabilities & Shareholders Equity $29.80K
YoY Change -95.79%

Cashflow Statement

Concept 2015 Q4 2015 2014
OPERATING ACTIVITIES
Net Income -$1.018M -$470.6K
YoY Change 116.33% -67.38%
Depreciation, Depletion And Amortization $830.00 $830.00
YoY Change 0.0%
Cash From Operating Activities -$30.82K -$162.3K
YoY Change -81.01%
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 $25.00K $83.32K
YoY Change -70.0%
NET CHANGE
Cash From Operating Activities -$30.82K -$162.3K
Cash From Investing Activities
Cash From Financing Activities $25.00K $83.32K
Net Change In Cash -$5.816K -$78.98K
YoY Change -92.64%
FREE CASH FLOW
Cash From Operating Activities -$30.82K -$162.3K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015 dei Entity Registrant Name
EntityRegistrantName
SOUTHERN ITS INTERNATIONAL, INC.
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
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CY2015 dei Document Type
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CY2015 dei Amendment Flag
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false
CY2015 dei Entity Voluntary Filers
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CY2015 dei Current Fiscal Year End Date
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--12-31
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CY2015 dei Entity Small Business
EntitySmallBusiness
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CY2015 dei Entity Shell Company
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CY2015 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 dei Entity Filer Category
EntityFilerCategory
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CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2015 dei Document Fiscal Year Focus
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CY2015 dei Entity Ex Transition Period
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CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2015Q4 dei Entity Public Float
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CY2015 dei Document Annual Report
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CY2015 dei Entity File Number
EntityFileNumber
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CY2015 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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CY2015 dei Entity Address Address Line1
EntityAddressAddressLine1
42215 Washington Street
CY2015 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite A-345
CY2015 dei Entity Address City Or Town
EntityAddressCityOrTown
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CY2015 dei Entity Address State Or Province
EntityAddressStateOrProvince
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CY2015 dei City Area Code
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CY2015 dei Local Phone Number
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CY2015 us-gaap Use Of Estimates
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<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Such estimates and assumptions impact, among others, the valuation allowance for deferred tax assets, due to continuing and expected future losses, and share-based payments. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates. </p></div>
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CY2014Q2 us-gaap Preferred Units Authorized
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Files In Submission

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