Commonwealth Income & Growth Fund VII, LP
Industrials · Services-Miscellaneous Equipment Rental & Leasing · PA · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $1.0M | $1.5M | $1.9M | $2.3M | $2.5M | $2.6M |
| Operating income | — | — | — | — | — | — |
| Net income | −$244,610 | −$438,034 | −$509,638 | −$701,088 | −$757,157 | −$1.4M |
| Total assets | $2.9M | $2.4M | $3.1M | $4.6M | $7.3M | $9.1M |
| Total liabilities | $1.3M | $604,873 | $850,840 | $1.8M | $3.5M | $4.2M |
| Equity | $1.5M | $1.8M | $2.3M | — | — | — |
| EPS (diluted) | $-0.16 | $-0.29 | $-0.33 | $-0.46 | $-0.49 | $-0.89 |
| Shares out. | 0 | 0 | — | 0 | 0 | 0 |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- −24.2%
- Return on equity
- −16.0%
- Return on assets
- −8.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 46.5%
- Debt / equity
- 0.87×
- Book value / share
- —
- Revenue growth (YoY)
- −33.3%
- 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 · FY2022- Accruals / assets
- −19.2%clean
- Piotroski F-Score
- 4/7mixed
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. What these scores mean →
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
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-Kmissed a reporting deadline ↗Mar 29, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2023
- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
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- Director / officer changeApr 4, 2024
- Prior financials not reliable (restatement)Nov 28, 2023
- Prior financials not reliable (restatement)Nov 30, 2022
- Changed auditorFeb 23, 2021
- Changed auditorFeb 5, 2021
- Director / officer changeOct 2, 2020
- Director / officer changeOct 31, 2018
- Other material eventAug 26, 2016
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 ↗- 10-Q/AFORM 10-Q/AApr 16, 2024
- 8-KFORM 8-KApr 4, 2024
- NT 10-KFORM NT 10-KMar 29, 2024
- UPLOADDec 12, 2023
- 8-K/AFORM 8-K/ADec 5, 2023
- UPLOADNov 28, 2023
- 8-KFORM 8-KNov 28, 2023
- NT 10-QNov 14, 2023
- 10-QFORM 10-QOct 11, 2023
- 10-KFORM 10-KSep 22, 2023
- NT 10-QFORM NT 10-QAug 14, 2023
- 10-K/AFORM 10K/AJun 29, 2023
- NT 10-QFORM NT 10-QMay 15, 2023
- NT 10-KMar 31, 2023
- 10-QFORM 10-QDec 1, 2022
Event-driven situations (1)
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