MIT Holding, Inc.
Industrials · Wholesale-Drugs, Proprietaries & Druggists' Sundries · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|
| Revenue | $1.1M | $1.6M | $3.4M | $5.9M | $7.1M |
| Operating income | $14,152 | −$1.1M | −$921,559 | −$1.4M | $315,128 |
| Net income | −$226,532 | −$1.6M | −$1.1M | −$1.3M | $78,832 |
| Total assets | $619,361 | $871,217 | $903,802 | $1.4M | $1.1M |
| Total liabilities | $4.3M | $4.3M | $4.3M | $3.8M | $3.4M |
| Equity | −$4.1M | −$4.2M | −$3.4M | −$2.4M | −$2.2M |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | 96.3M | 124.6M | 81.4M | 52.3M | 52.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- 1.3%
- Net margin
- −20.9%
- Return on equity
- 5.5%
- Return on assets
- −36.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 696.7%
- Debt / equity
- —
- Book value / share
- $-0.04
- Revenue growth (YoY)
- −30.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2014- Altman Z″ (distress)
- -114.06distress
- Accruals / assets
- 72.9%high accruals
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Operating margin is positive
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 17, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 17, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2015
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2014
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2014
- NT 10-Qmissed a reporting deadline ↗May 15, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Prior financials not reliable (restatement)Feb 11, 2016
- Prior financials not reliable (restatement)Oct 22, 2015
- Prior financials not reliable (restatement)Mar 6, 2012
- Completed an acquisition or dispositionFeb 16, 2012
- Completed an acquisition or dispositionSep 23, 2011
- Entered a material agreementMay 24, 2011
- Terminated a material agreementApr 14, 2011
- Entered a material agreementMar 31, 2011
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- REVOKEDJul 15, 2016
- 8-KFeb 11, 2016
- 10-QNov 27, 2015
- NT 10-QNov 17, 2015
- 8-KOct 22, 2015
- 10-QAug 24, 2015
- NT 10-QAug 17, 2015
- 10-QMay 15, 2015
- 10-KApr 20, 2015
- NT 10-KMar 31, 2015
- 10-QQUARTERLY REPORTNov 19, 2014
- NT 10-QNOTIFICATION OF LATE FILINGNov 14, 2014
- 10-Q/AAMENDMENT TO FORM 10QSep 5, 2014
- 10-QQUARTERLY REPORTAug 21, 2014
- NT 10-QNOTIFICATION OF LATE FILINGAug 15, 2014
Event-driven situations (1)
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