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10-K Filing

SUMMIT NETWORKS INC. CIK: 1619096 FY 2024
Filing Information
Form Type 10-K
Accession Number 0001091818-24-000158
Period End Date 20240930
Filing Date 20241223
Fiscal Year 2024
Fiscal Period FY
XBRL Instance sntw12232410k_htm.xml
Filing Contents
Balance Sheet 106 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash & cash equivalents CashAndCashEquivalentsAtCarryingValue $149.61K USD Point-in-time
Cash & cash equivalents CashAndCashEquivalentsAtCarryingValue $149.61K USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash & cash equivalents CashAndCashEquivalentsAtCarryingValue $46.33K USD Point-in-time
Cash & cash equivalents CashAndCashEquivalentsAtCarryingValue $46.33K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Deposits DepositsAssetsCurrent $2.60M USD Point-in-time
Deposits DepositsAssetsCurrent $2.60M USD Point-in-time
Deposits DepositsAssetsCurrent $2.22K USD Point-in-time
Deposits DepositsAssetsCurrent $2.22K USD Point-in-time
Prepayments Prepayments $31.25K USD Point-in-time
Prepayments Prepayments $31.25K USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepayments Prepayments $12.54K USD Point-in-time
Prepayments Prepayments $12.54K USD Point-in-time
Total Current Assets AssetsCurrent $164.38K USD Point-in-time
Total Current Assets AssetsCurrent $164.38K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Total Current Assets AssetsCurrent $2.68M USD Point-in-time
Total Current Assets AssetsCurrent $2.68M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 88.71M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 88.71M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 67.14M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 67.14M shares Point-in-time
Plant & equipment, net PropertyPlantAndEquipmentNet - USD Point-in-time
Plant & equipment, net PropertyPlantAndEquipmentNet - USD Point-in-time
Plant & equipment, net PropertyPlantAndEquipmentNet - USD Point-in-time
Plant & equipment, net PropertyPlantAndEquipmentNet - USD Point-in-time
Total Non-Current Asset AssetsNoncurrent - USD Point-in-time
Total Non-Current Asset AssetsNoncurrent - USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 67.14M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 67.14M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 88.71M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 88.71M shares Point-in-time
Total Non-Current Asset AssetsNoncurrent - USD Point-in-time
Total Non-Current Asset AssetsNoncurrent - USD Point-in-time
TOTAL ASSETS Assets $164.38K USD Point-in-time
TOTAL ASSETS Assets $164.38K USD Point-in-time
TOTAL ASSETS Assets $2.68M USD Point-in-time
TOTAL ASSETS Assets $2.68M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $13.42K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $13.42K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $123.85K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $123.85K USD Point-in-time
Accounts payable - related parties AccountsPayableRelatedParties - USD Point-in-time
Accounts payable - related parties AccountsPayableRelatedParties - USD Point-in-time
Accounts payable - related parties AccountsPayableRelatedParties - USD Point-in-time
Accounts payable - related parties AccountsPayableRelatedParties - USD Point-in-time
Due to related parties DueToRelatedParties $579.00K USD Point-in-time
Due to related parties DueToRelatedParties $579.00K USD Point-in-time
Due to related parties DueToRelatedParties $579.00K USD Point-in-time
Due to related parties DueToRelatedParties $579.00K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $592.42K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $592.42K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $702.85K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $702.85K USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 share issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 share issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 share issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 share issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 88,711,657 and 67,139,990 issued and outstanding as of September 30, 2024 and 2023, respectively. CommonStockValue $88.71K USD Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 88,711,657 and 67,139,990 issued and outstanding as of September 30, 2024 and 2023, respectively. CommonStockValue $88.71K USD Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 88,711,657 and 67,139,990 issued and outstanding as of September 30, 2024 and 2023, respectively. CommonStockValue $67.14K USD Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 88,711,657 and 67,139,990 issued and outstanding as of September 30, 2024 and 2023, respectively. CommonStockValue $67.14K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $588.87K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $588.87K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.41M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.41M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.19M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.19M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.41M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.41M USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $-762.34K USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $-762.34K USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $-538.47K USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $-538.47K USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $2.09M USD Point-in-time
Total Stockholders Equity/ (Deficit) StockholdersEquity $2.09M USD Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $2.68M USD Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $2.68M USD Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $164.38K USD Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $164.38K USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Revenue Revenues - USD Annual
Revenue Revenues - USD Annual
Revenue Revenues - USD Annual
Revenue Revenues - USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $230.55K USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $230.55K USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $165.36K USD Annual
General and administrative expenses GeneralAndAdministrativeExpense $165.36K USD Annual
Loss from operations OperatingIncomeLoss $-230.55K USD Annual
Loss from operations OperatingIncomeLoss $-230.55K USD Annual
Loss from operations OperatingIncomeLoss $-165.36K USD Annual
Loss from operations OperatingIncomeLoss $-165.36K USD Annual
Rental income RentalIncomeNonoperating $1.25K USD Annual
Rental income RentalIncomeNonoperating $1.25K USD Annual
Rental income RentalIncomeNonoperating - USD Annual
Rental income RentalIncomeNonoperating - USD Annual
Interest income InterestIncomeExpenseNet $1.90K USD Annual
Interest income InterestIncomeExpenseNet $1.90K USD Annual
Interest income InterestIncomeExpenseNet $1.90K USD Annual
Interest income InterestIncomeExpenseNet $1.90K USD Annual
Miscellaneous income OtherNonoperatingIncome $3.32K USD Annual
Miscellaneous income OtherNonoperatingIncome $3.32K USD Annual
Miscellaneous income OtherNonoperatingIncome - USD Annual
Miscellaneous income OtherNonoperatingIncome - USD Annual
Gain on debt forgiveness GainOnDebtForgiveness $182.67K USD Annual
Gain on debt forgiveness GainOnDebtForgiveness $182.67K USD Annual
Gain on debt forgiveness GainOnDebtForgiveness - USD Annual
Gain on debt forgiveness GainOnDebtForgiveness - USD Annual
Reversal of over-accrued salary ReversalOfOveraccruedSalary $-12.50K USD Annual
Reversal of over-accrued salary ReversalOfOveraccruedSalary $-12.50K USD Annual
Reversal of over-accrued salary ReversalOfOveraccruedSalary - USD Annual
Reversal of over-accrued salary ReversalOfOveraccruedSalary - USD Annual
Net (Loss) Income NetIncomeLoss $-216.15K USD Annual
Net (Loss) Income NetIncomeLoss $-216.15K USD Annual
Net (Loss) Income NetIncomeLoss $23.78K USD Annual
Net (Loss) Income NetIncomeLoss $23.78K USD Annual
Basic Net Income (loss) per share EarningsPerShareBasic - USD Annual
Basic Net Income (loss) per share EarningsPerShareBasic - USD Annual
Basic Net Income (loss) per share EarningsPerShareBasic - USD Annual
Basic Net Income (loss) per share EarningsPerShareBasic - USD Annual
Diluted Net Income (loss) per share EarningsPerShareDiluted - USD Annual
Diluted Net Income (loss) per share EarningsPerShareDiluted - USD Annual
Diluted Net Income (loss) per share EarningsPerShareDiluted - USD Annual
Diluted Net Income (loss) per share EarningsPerShareDiluted - USD Annual
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 67.14M shares Annual
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 67.14M shares Annual
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 88.71M shares Annual
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 88.71M shares Annual
Diluted weighted average number of common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 67.14M shares Annual
Diluted weighted average number of common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 67.14M shares Annual
Diluted weighted average number of common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 88.71M shares Annual
Diluted weighted average number of common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 88.71M shares Annual
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net (loss)/income NetIncomeLoss $-216.15K USD Annual
Net (loss)/income NetIncomeLoss $-216.15K USD Annual
Net (loss)/income NetIncomeLoss $23.78K USD Annual
Net (loss)/income NetIncomeLoss $23.78K USD Annual
Gain on debt forgiveness GainOnDebtForgiveness $182.67K USD Annual
Gain on debt forgiveness GainOnDebtForgiveness $182.67K USD Annual
Gain on debt forgiveness GainOnDebtForgiveness - USD Annual
Gain on debt forgiveness GainOnDebtForgiveness - USD Annual
Prepayments IncreaseDecreaseInPrepaidExpense $12.54K USD Annual
Prepayments IncreaseDecreaseInPrepaidExpense $12.54K USD Annual
Prepayments IncreaseDecreaseInPrepaidExpense $18.71K USD Annual
Prepayments IncreaseDecreaseInPrepaidExpense $18.71K USD Annual
Deposits IncreaseDecreaseInDepositOtherAssets - USD Annual
Deposits IncreaseDecreaseInDepositOtherAssets - USD Annual
Deposits IncreaseDecreaseInDepositOtherAssets $2.22K USD Annual
Deposits IncreaseDecreaseInDepositOtherAssets $2.22K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $114.35K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $114.35K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-110.43K USD Annual
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-110.43K USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-59.30K USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-59.30K USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-345.29K USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-345.29K USD Annual
Proceed from share issuance ProceedsFromIssuanceOfCommonStock $200.09K USD Annual
Proceed from share issuance ProceedsFromIssuanceOfCommonStock $200.09K USD Annual
Proceed from share issuance ProceedsFromIssuanceOfCommonStock $242.00K USD Annual
Proceed from share issuance ProceedsFromIssuanceOfCommonStock $242.00K USD Annual
Net cash generated from financing activity NetCashProvidedByUsedInFinancingActivities $242.00K USD Annual
Net cash generated from financing activity NetCashProvidedByUsedInFinancingActivities $242.00K USD Annual
Net cash generated from financing activity NetCashProvidedByUsedInFinancingActivities $200.09K USD Annual
Net cash generated from financing activity NetCashProvidedByUsedInFinancingActivities $200.09K USD Annual
Net (decrease)/increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $140.78K USD Annual
Net (decrease)/increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $140.78K USD Annual
Net (decrease)/increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-103.29K USD Annual
Net (decrease)/increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-103.29K USD Annual
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.83K USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.83K USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.61K USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.61K USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $46.33K USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $46.33K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.83K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.83K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.61K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.61K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $46.33K USD Point-in-time
Cash and cash equivalents at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $46.33K USD Point-in-time
Interest InterestPaidNet - USD Annual
Interest InterestPaidNet - USD Annual
Interest InterestPaidNet - USD Annual
Interest InterestPaidNet - USD Annual
Income Taxes IncomeTaxesPaidNet - USD Annual
Income Taxes IncomeTaxesPaidNet - USD Annual
Income Taxes IncomeTaxesPaidNet - USD Annual
Income Taxes IncomeTaxesPaidNet - USD Annual
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $-762.34K USD Point-in-time
Beginning balance, value StockholdersEquity $-762.34K USD Point-in-time
Beginning balance, value StockholdersEquity $-538.47K USD Point-in-time
Beginning balance, value StockholdersEquity $-538.47K USD Point-in-time
Beginning balance, value StockholdersEquity $2.09M USD Point-in-time
Beginning balance, value StockholdersEquity $2.09M USD Point-in-time
Net loss ProfitLoss $-216.15K USD Annual
Net loss ProfitLoss $-216.15K USD Annual
Net loss ProfitLoss $23.78K USD Annual
Net loss ProfitLoss $23.78K USD Annual
Issuance of new shares StockIssuedDuringPeriodValueNewIssues $2.84M USD Annual
Issuance of new shares StockIssuedDuringPeriodValueNewIssues $2.84M USD Annual
Issuance of new shares StockIssuedDuringPeriodValueNewIssues $200.09K USD Annual
Issuance of new shares StockIssuedDuringPeriodValueNewIssues $200.09K USD Annual
Ending balance, value StockholdersEquity $-762.34K USD Point-in-time
Ending balance, value StockholdersEquity $-762.34K USD Point-in-time
Ending balance, value StockholdersEquity $-538.47K USD Point-in-time
Ending balance, value StockholdersEquity $-538.47K USD Point-in-time
Ending balance, value StockholdersEquity $2.09M USD Point-in-time
Ending balance, value StockholdersEquity $2.09M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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