Innovation1 Biotech (Innovation1 Biotech) Total Liabilities : $3.51 Mil (As of Aug. 2023)

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What is Innovation1 Biotech Total Liabilities?

Innovation1 Biotech's Total Liabilities for the quarter that ended in Aug. 2023 was $3.51 Mil.

Innovation1 Biotech's quarterly Total Liabilities increased from Feb. 2023 ($2.36 Mil) to May. 2023 ($2.61 Mil) and increased from May. 2023 ($2.61 Mil) to Aug. 2023 ($3.51 Mil).

Innovation1 Biotech's annual Total Liabilities increased from Aug. 2021 ($0.41 Mil) to Aug. 2022 ($41.11 Mil) but then declined from Aug. 2022 ($41.11 Mil) to Aug. 2023 ($3.51 Mil).

Innovation1 Biotech Total Liabilities Historical Data

The historical data trend for Innovation1 Biotech's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovation1 Biotech Total Liabilities Chart

Innovation1 Biotech Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Liabilities

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0.22

2.89

0.41

41.11

3.51

Innovation1 Biotech Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Total Liabilities	Get a 7-Day Free Trial															41.11	2.16	2.36	2.61	3.51

Innovation1 Biotech Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Innovation1 Biotech's Total Liabilities for the fiscal year that ended in Aug. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	3.287	+	(0.219	+	-1.3877787807814E-16
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	3.51

Total Liabilities	=	Total Assets (A: Aug. 2023 )	-	Total Equity (A: Aug. 2023 )
	=	0.076	-	-3.43
	=	3.51

Innovation1 Biotech's Total Liabilities for the quarter that ended in Aug. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	3.287	+	(0.219	+	-1.3877787807814E-16
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	3.51

Total Liabilities	=	Total Assets (Q: Aug. 2023 )	-	Total Equity (Q: Aug. 2023 )
	=	0.076	-	-3.43
	=	3.51

Innovation1 Biotech Total Liabilities Related Terms

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Innovation1 Biotech (Innovation1 Biotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovation1 Biotech Inc (OTCPK:IVBT) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Wall Street, Suite 2701, New York, NY, USA, 10005

Website

https://www.innovation1bio.com

Innovation1 Biotech Inc is a shell company.

Executives

Grays Peak Llc	10 percent owner	8 THE GREEN, STE. A, DOVER DE 19803
Timothy Orr	director, 10 percent owner, officer: President	4010 TANAGER LANE, #A, MEAD WA 99021
Darren Long	director, 10 percent owner, officer: CEO & Secretary	4010 TANAGER LANE, #A, MEAD WA 99021
Brian Martinho	director, 10 percent owner, officer: Treasurer	4010 EAST TANAGER LANE, MEAD WA 99021