Formation Minerals, Inc. financial data

Symbol
SSTC on OTC
Location
4730 S. Fort Apache Rd., Suite 300, Las Vegas, Nevada
State of incorporation
Nevada
Fiscal year end
April 30
Former names
SensaSure Technologies, Inc. (to 4/24/2024)
Latest financial report
Q4 2023 - Mar 25, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 3.45 % -90.7%
Debt-to-equity -87.2 % +30.2%
Return On Equity 197 % +56.4%
Return On Assets -2.01K % -590%
Operating Margin -17.6K % -8.55%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 56.3M shares 0%
Common Stock, Shares, Outstanding 56.3M shares 0%
Entity Public Float 0 USD
Common Stock, Value, Issued 563K USD +52.7%
Weighted Average Number of Shares Outstanding, Basic 56.3M shares -31.1%
Weighted Average Number of Shares Outstanding, Diluted 81.8M shares +74.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 811 USD +19.3%
Research and Development Expense 3.23K USD -83.4%
General and Administrative Expense 1.33M USD +71.8%
Operating Income (Loss) -1.43M USD -52.4%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.95M USD -117%
Net Income (Loss) Attributable to Parent -1.94M USD -136%
Earnings Per Share, Basic -0.03 USD/shares -200%
Earnings Per Share, Diluted -0.03 USD/shares -200%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 2.09K USD
Assets, Current 15.4K USD -90.1%
Assets 15.4K USD -90.1%
Accounts Payable, Current 326K USD 0%
Accrued Liabilities, Current 43.5K USD -33.5%
Liabilities, Current 618K USD -31.9%
Liabilities 618K USD -31.9%
Common Stocks, Including Additional Paid in Capital 49.5K USD +800%
Accumulated Other Comprehensive Income (Loss), Net of Tax -214K USD +22.1%
Retained Earnings (Accumulated Deficit) -3.48M USD +39.9%
Stockholders' Equity Attributable to Parent -618K USD +45.2%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -618K USD +26.4%
Liabilities and Equity 15.4K USD -90.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -17.9K USD +88.5%
Net Cash Provided by (Used in) Financing Activities 40K USD -89.1%
Common Stock, Shares Authorized 250M shares 0%
Common Stock, Shares, Issued 56.3M shares 0%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -14.8K USD +90.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.14K USD -97.9%
Deferred Tax Assets, Valuation Allowance 941K USD +15.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure -16.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -1.9M USD -151%
Deferred Tax Assets, Operating Loss Carryforwards 941K USD +15.8%
Additional Paid in Capital 2.29M USD -49.3%
Deferred Tax Assets, Net of Valuation Allowance 96.6K USD -34.1%
Share-based Payment Arrangement, Expense 250K USD
Interest Expense 8.15K USD -1.35%