Is Innovation Nation Inc. (AVRI) a Buy, Sell, or Hold?
OTC : AVRI
Innovation Nation Inc. — Financials
$0.0001 USD
$0 (0.0%)
- Volume
- 4.2K
- Average Volume
- 3.92K
- Market Capitalization
- $25K
- P/E Ratio
- -0.50
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $0.00
- Year Low
- $0.00
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.02
AVRI Financial Statements
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2009-06-30 | 2008-06-30 | 2007-06-30 | 2005-12-31 | 2004-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 4413 | - | - | - | - | 875.38K | 826.3K | 3.61M | 1.63M | - |
| costOfRevenue | - | - | - | - | - | 536.9K | 927.1K | 1.27M | 576.95K | - |
| grossProfit | 4413 | - | - | - | - | 338.48K | -101K | 2.35M | 1.05M | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 48946 | 6455 | 28059 | 15699 | 29255 | 502.87K | 1.73M | 2.87M | 7502 | 2460 |
| otherExpenses | - | - | - | - | - | - | - | - | - | - |
| operatingExpenses | 48946 | 6455 | 28059 | 15699 | 29255 | 502.86K | 1.73M | 2.87M | 7502 | 2460 |
| costAndExpenses | 48946 | 6455 | 28059 | 15699 | 29255 | 1.04M | 2.65M | 4.13M | 7502 | 2460 |
| netInterestIncome | -600 | - | - | - | - | 117.41K | -89 | -3322 | - | - |
| interestIncome | - | - | - | - | - | 121.74K | 4052 | 7035 | - | - |
| interestExpense | 600 | - | - | - | - | 4339 | 4141 | 10357 | - | - |
| depreciationAndAmortization | 167.9K | 228.48K | 236.56K | 206.3K | 171.86K | 218.92K | 50363 | 42623 | 46365 | - |
| ebitda | -44530 | -6460 | -28060 | 190.6K | -29260 | 182.16K | -1.78M | -480K | -7502 | -2460 |
| ebit | -44533 | -6455 | -28059 | -15699 | -29255 | -36758 | -1.83M | -523K | -7502 | -2460 |
| nonOperatingIncomeExcludingInterest | 3 | - | - | - | -5 | -128K | - | - | - | - |
| operatingIncome | -44530 | -6460 | -28059 | -15699 | -29260 | -164K | -1.83M | -523K | -7502 | -2460 |
| totalOtherIncomeExpensesNet | -600 | 5 | - | - | 6 | 123.29K | -14248 | -951 | - | - |
| incomeBeforeTax | -45133 | -6455 | -28059 | -15699 | -29254 | -41097 | -1.84M | -524K | -7502 | - |
| incomeTaxExpense | - | - | - | - | - | - | 102.63K | 117.41K | - | 2460 |
| netIncomeFromContinuingOperations | -45133 | -6455 | -28059 | -15699 | -29254 | -41097 | -1.94M | -641K | -7502 | -2460 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -45133 | -6455 | -28059 | -15699 | -29254 | -42138 | -1.93M | -640K | -7502 | -2460 |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -45133 | -6455 | -28059 | -15699 | -29254 | -42138 | -1.93M | -640K | -7502 | -2460 |
| eps | -0.0 | - | -0.0 | -0.0 | -0.0 | -0.0 | -0.02 | -0.01 | -0.0 | -0.0 |
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2009-06-30 | 2008-06-30 | 2007-06-30 | 2005-12-31 | 2004-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 425 | 1296 | - | 1564 | 263 | 391.92K | 16520 | 775.71K | - | - |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 425 | 1296 | - | 1564 | 263 | 391.92K | 16520 | 775.71K | - | - |
| netReceivables | 2500 | - | - | - | - | 393.08K | 356.62K | 649.9K | - | - |
| accountsReceivables | 2500 | - | - | - | - | 393.08K | 307.86K | 607.9K | - | - |
| otherReceivables | - | - | - | - | - | - | 10995 | 19200 | - | - |
| inventory | - | - | - | - | - | 27330 | 28442 | 134.77K | - | - |
| prepaids | - | - | - | - | - | 27330 | 28442 | 38999 | - | - |
| otherCurrentAssets | - | - | - | - | - | 28842 | 3834 | 96696 | - | - |
| totalCurrentAssets | 2925 | 1296 | - | 1564 | 263 | 841.18K | 405.42K | 1.56M | - | - |
| propertyPlantEquipmentNet | - | - | - | - | - | 111.56K | 131.49K | 128.9K | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | 820.25K | 3595 | 2613 | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | 820.25K | 3595 | 2613 | - | - |
| longTermInvestments | - | - | - | - | - | - | 482.41K | 1.4M | - | - |
| taxAssets | - | - | - | - | - | - | -482.41K | -1.4M | - | - |
| otherNonCurrentAssets | - | - | - | - | - | 3516 | 4888 | 8241 | - | - |
| totalNonCurrentAssets | - | - | - | - | - | 935.33K | 139.98K | 139.75K | - | - |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 2925 | 1296 | - | 1564 | 263 | 1.78M | 545.4K | 1.7M | - | - |
| totalPayables | 4794 | - | - | - | - | 1.23M | 569.38K | 414.17K | - | - |
| accountPayables | 4794 | - | - | - | - | - | 457.28K | 414.17K | - | - |
| otherPayables | - | - | - | - | - | 1.23M | 224.21K | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | 19980 | - | - |
| shortTermDebt | 145.82K | 127.9K | 6978 | - | - | - | 7076 | 38136 | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | 17262 | 112.1K | 133.42K | - | - |
| deferredRevenue | - | - | - | - | - | 161.6K | 19777 | - | - | - |
| otherCurrentLiabilities | - | -21510 | 91661 | 72145 | 72145 | 20669 | 609 | 141.22K | 47581 | 40079 |
| totalCurrentLiabilities | 150.61K | 106.39K | 98639 | 72145 | 72145 | 1.41M | 577.07K | 613.5K | 47581 | 40079 |
| longTermDebt | 16000 | 16000 | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | 7918 | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - | - | - | -0.0 | - | - |
| totalNonCurrentLiabilities | 16000 | 15999 | - | - | - | - | - | 7918 | - | - |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | 7918 | - | - |
| totalLiabilities | 166.61K | 106.39K | 98639 | 72145 | 72145 | 1.41M | 577.07K | 621.42K | 47581 | 40079 |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 1M | 1M | 1M | 1M | 1M | 400K | 40000 | 40000 | 33600 | 33600 |
| retainedEarnings | -3.04M | -3M | -610.72K | -582.66K | -566.96K | -2.38M | -2.34M | -408.72K | -49681 | -42179 |
| additionalPaidInCapital | 1.88M | 1.89M | 1.39M | 1.89M | 1.88M | 2.22M | 2.58M | 2.58M | -31500 | -31500 |
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2009-06-30 | 2008-06-30 | 2007-06-30 | 2005-12-31 | 2004-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -45133 | -6455 | -28059 | -15699 | -29254 | -42138 | -1.93M | -639.86K | -7502 | -2460 |
| depreciationAndAmortization | - | - | - | - | - | 218.92K | 50363 | 42623 | 46365 | - |
| deferredIncomeTax | - | - | - | - | - | - | 96523 | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | 2294 | - | - | - | - | -170.23K | 1438 | -1.94M | -364.47K | -85 |
| accountsReceivables | -2500 | - | - | - | - | -132.57K | -7985.0 | -2.17M | -581.41K | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | 4194 | - | - | - | - | -170.53K | 60489 | 297.81K | 109.05K | - |
| otherWorkingCapital | 600 | - | - | - | - | -37659 | 1438 | -64599 | 107.88K | - |
| otherNonCashItems | - | - | 21081 | 17000 | 15000 | 295 | 284.7K | 2.02M | 1.2M | - |
| netCashProvidedByOperatingActivities | -42839 | -6455 | -6978 | 1301 | -14254 | 6851 | -1.51M | -517K | -7502 | -2545 |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | -44797 | -85621 | -23355 | -4040 | - |
| acquisitionsNet | 2539 | - | - | - | - | 3182 | 16882 | 13682 | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | - | 3182 | 16882 | 13682 | - | - |
| netCashProvidedByInvestingActivities | 2539 | - | - | - | - | -41615 | -68739 | -9673 | -4040 | - |
| netDebtIssuance | 39429 | - | - | - | - | -6146 | -37070 | -50809 | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | -6146 | -37070 | -50809 | - | - |
| shortTermNetDebtIssuance | 39429 | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | 68075 | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | 68075 | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | 68075 | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | -16000 | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | -16000 | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | - | 7751 | 6978 | - | - | 477.52K | 919K | 1.25M | 7502 | 2545 |
| netCashProvidedByFinancingActivities | 39429 | 7751 | 6978 | - | - | 471.38K | 881.93K | 1.25M | 7502 | 2545 |
| date | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | 2013 | 2400 | - | - | - | - | - | - | - |
| costOfRevenue | - | - | - | - | - | - | - | - | - | - |
| grossProfit | - | 2013 | 2400 | - | - | - | - | - | - | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 11157 | 12315 | 16251 | 9223 | -18155 | 8097 | 11369 | 2043 | 11104 | 12227 |
| otherExpenses | - | - | - | - | - | - | - | - | - | - |
| operatingExpenses | 11157 | 12315 | 16251 | 9223 | -18155 | 8097 | 11369 | 2043 | 11104 | 12227 |
| costAndExpenses | 11157 | 12315 | 16251 | 9223 | 18155 | 8097 | 11369 | 2043 | 11104 | 12227 |
| netInterestIncome | -200 | - | - | - | - | - | - | - | - | - |
| interestIncome | - | - | - | - | - | - | - | - | - | - |
| interestExpense | 200 | 200 | 200 | - | - | - | - | - | - | - |
| depreciationAndAmortization | 122.08K | 41584 | 54880 | 27081 | 86065 | 60459 | 71391 | 54000 | 55806 | 55213 |
| ebitda | -11160 | -10300 | -13850 | -9220 | 18160 | -8100 | -11370 | -2040.0 | -11100 | -12230 |
| ebit | -11157 | -10302 | -13851 | -9223 | 18155 | -8097 | -11369 | -2043 | -11104 | -12227 |
| nonOperatingIncomeExcludingInterest | - | 2 | - | 3 | 5 | -3 | - | 3.0 | 4 | -3 |
| operatingIncome | -11160 | -10300 | -13850 | -9220 | 18160 | -8100 | -11369 | -2040.0 | -11100 | -12230 |
| totalOtherIncomeExpensesNet | -199 | -203 | -201 | -2 | -3106 | 3 | - | -3.0 | -4 | 3 |
| incomeBeforeTax | -11356 | -10503 | -14051 | -9222 | 15054 | -8097 | -11369 | -2043 | -11104 | -12227 |
| incomeTaxExpense | - | - | - | - | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | -11356 | -10503 | -14051 | -9222 | 15054 | -8097 | -11369 | -2043 | -11104 | -12227 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -11356 | -10503 | -14051 | -9222 | 15054 | -8097 | -11369 | -2043 | -11104 | -12227 |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -11356 | -10503 | -14051 | -9222 | 15054 | -8097 | -11369 | -2043 | -11104 | -12227 |
| eps | - | -0.0 | -0.0 | -0.0 | 0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 |
| date | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2009-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 425 | 8863 | 4811 | 17181 | 1296 | - | 1564 | 1372 | 1564 | 391.92K |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 425 | 8863 | 4811 | 17181 | 1296 | - | 1564 | 1372 | 1564 | 391.92K |
| netReceivables | 2500 | - | - | - | - | - | - | - | - | 393.08K |
| accountsReceivables | 2500 | - | - | - | - | - | - | - | - | 393.08K |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | 27330 |
| prepaids | - | - | - | - | - | - | - | - | - | 27330 |
| otherCurrentAssets | - | - | - | - | - | - | - | - | - | 28842 |
| totalCurrentAssets | 2925 | 8863 | 4811 | 17181 | 1296 | - | 1564 | 1372 | 1564 | 841.18K |
| propertyPlantEquipmentNet | - | - | - | - | - | - | - | - | - | 111.56K |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | 820.25K |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | 820.25K |
| longTermInvestments | - | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | - | - | - | - | - | - | - | - | 3516 |
| totalNonCurrentAssets | - | - | - | - | - | - | - | - | - | 935.33K |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 2925 | 8863 | 4811 | 17181 | 1296 | - | 1564 | 1372 | 1564 | 1.78M |
| totalPayables | 4794 | 7243 | - | - | - | - | - | - | - | 1.23M |
| accountPayables | 4794 | 7243 | - | - | - | - | - | - | - | - |
| otherPayables | - | - | - | - | - | - | - | - | - | 1.23M |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 145.82K | 138.95K | 127.9K | 143.9K | - | 6978 | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | 161.6K |
| otherCurrentLiabilities | - | - | 2739 | 1056 | 106.39K | 113.17K | 72145 | 74805 | 72145 | 20669 |
| totalCurrentLiabilities | 150.61K | 146.2K | 130.64K | 144.96K | 106.39K | 120.15K | 72145 | 74805 | 72145 | 1.41M |
| longTermDebt | 16000 | 15000 | 16000 | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - | - | - | - | - | - |
| totalNonCurrentLiabilities | 16000 | 15000 | 15999 | - | - | - | - | - | - | - |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 166.61K | 161.2K | 146.64K | 144.96K | 106.39K | 120.15K | 72145 | 74805 | 72145 | 1.41M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 400K |
| retainedEarnings | -3.04M | -3.03M | -3.02M | -3.01M | -3M | -632.23K | -582.66K | -585.51K | -582.66K | -2.38M |
| additionalPaidInCapital | 1.88M | 1.88M | 1.88M | 1.88M | 1.89M | 1.89M | 1.89M | - | 1.89M | 2.22M |
| date | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -11356 | -10503 | -14051 | -9222 | 15054 | -8097 | 974 | 42946 | 29889 | -115.95K |
| depreciationAndAmortization | - | - | - | - | - | - | 56110 | -17866 | 140.4K | 40277 |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | 14642 |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | -4949 | 4505 | 2738 | - | - | - | -80654 | 179.7K | -73231 | -196.05K |
| accountsReceivables | - | - | - | - | - | - | -166.71K | 68604 | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | -2649 | 4305 | - | - | - | - | - | - | - | - |
| otherWorkingCapital | -2300 | 200 | - | - | - | - | 86056 | 111.1K | - | -196.05K |
| otherNonCashItems | - | -4306 | - | - | - | - | 40077 | -147.16K | 88303 | 2 |
| netCashProvidedByOperatingActivities | -16305 | -5999 | -11313 | -9222 | 15054 | -8097 | 16507 | 57627 | 185.36K | -252.64K |
| investmentsInPropertyPlantAndEquipment | 5.0 | - | - | - | - | - | -30558 | 4809 | -18262 | -786 |
| acquisitionsNet | 2539 | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | -5.0 | - | - | - | - | - | 3182 | 109.43K | -111.92K | 2490 |
| netCashProvidedByInvestingActivities | 2539 | - | - | - | - | - | -27376 | 114.24K | -130.18K | 1704 |
| netDebtIssuance | 39429 | - | - | - | - | - | 62 | 3784 | -9262 | -730 |
| longTermNetDebtIssuance | - | - | - | - | - | - | 62 | 3784 | - | - |
| shortTermNetDebtIssuance | 39429 | - | - | - | - | - | - | - | -9262 | -730 |
| netStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | -31562 | 7512 | -1057 | 25107 | -13758 | 19466 | - | 54331 | 165.24K | 257.96K |
| netCashProvidedByFinancingActivities | 7867 | 7512 | -1057 | 25107 | -13758 | 19466 | 62 | 58115 | 155.97K | 257.23K |