Bright Mountain Media, Inc. (BMTM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6400 CONGRESS AVE. BOCA RATON, FL 33487 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 316 | 781 | 736 | 957 | 1,042 | 140 | |||
| Cash and cash equivalents | 316 | 781 | 736 | 957 | 1,042 | 140 | |||
| Receivables | 3,585 | 3,550 | 6,430 | 3,997 | 561 | 880 | |||
| Inventory, net of allowances, customer advances and progress billings | 611 | ||||||||
| Inventory | 611 | ||||||||
| Prepaid expense | 315 | 525 | 386 | 243 | 611 | 146 | |||
| Disposal group, including discontinued operation | 2 | 240 | |||||||
| Other undisclosed current assets | 285 | 401 | 568 | 573 | 19 | ||||
| Total current assets: | 4,501 | 5,258 | 8,120 | 5,773 | 2,474 | 1,777 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 367 | 73 | 398 | ✕ | ✕ | ||||
| Property, plant and equipment | 40 | 65 | 113 | 31 | 5 | 90 | |||
| Intangible assets, net (including goodwill) | 24,155 | 25,710 | 27,299 | 73,258 | 1,210 | 1,508 | |||
| Goodwill | 19,645 | 19,645 | 19,645 | 53,647 | 989 | 446 | |||
| Intangible assets, net (excluding goodwill) | 4,510 | 6,065 | 7,654 | 19,611 | 221 | 1,061 | |||
| Disposal group, including discontinued operation, noncurrent assets | 60 | ||||||||
| Other noncurrent assets | 137 | 243 | 254 | 36 | 45 | ||||
| Other undisclosed noncurrent assets | 289 | 670 | 962 | 1,276 | 300 | ||||
| Total noncurrent assets: | 24,699 | 26,307 | 28,409 | 74,684 | 2,552 | 1,942 | |||
| TOTAL ASSETS: | 29,200 | 31,564 | 36,529 | 80,457 | 5,026 | 3,719 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10,317 | 14,375 | 13,142 | 11,587 | 1,121 | 1,330 | |||
| Interest and dividends payable | ✕ | ✕ | 692 | 0 | |||||
| Employee-related liabilities | ✕ | ✕ | 1,459 | ||||||
| Accounts payable | 8,585 | 8,460 | 9,595 | 8,358 | 655 | 1,240 | |||
| Accrued liabilities | 1,389 | 3,765 | 3,547 | 3,228 | 465 | 90 | |||
| Other undisclosed accounts payable and accrued liabilities | 343 | ||||||||
| Deferred revenue | 737 | 1,162 | 347 | 7 | ✕ | ✕ | |||
| Debt | 2,092 | 557 | 322 | 818 | |||||
| Disposal group, including discontinued operation | 1 | 144 | |||||||
| Other liabilities | 1,838 | 5 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10 | ||
| Due to related parties | ✕ | 4,860 | 640 | 65 | 7 | ||||
| Other undisclosed current liabilities | 99 | 6,887 | 413 | 5 | 19 | ||||
| Total current liabilities: | 17,851 | 23,070 | 16,058 | 12,157 | 1,592 | 2,177 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 16,917 | 198 | |||||||
| Long-term debt, excluding current maturities | 16,917 | ||||||||
| Liabilities, other than long-term debt | 25,420 | 15,218 | 40 | 607 | 12 | ||||
| Deferred income tax liabilities | 581 | ✕ | ✕ | ||||||
| Due to related parties | 25,101 | 15,218 | 40 | 26 | 12 | ||||
| Other liabilities | |||||||||
| Operating lease, liability | 319 | 198 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | 1,199 | ||||||||
| Total noncurrent liabilities: | 25,420 | 15,218 | 16,956 | 805 | 12 | 1,199 | |||
| Total liabilities: | 43,271 | 38,287 | 33,015 | 12,963 | 1,603 | 3,375 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (14,071) | (6,723) | 3,515 | 67,494 | 3,422 | 343 | |||
| Common stock | 1,504 | 1,498 | 1,182 | 1,002 | 621 | 462 | |||
| Treasury stock, value | (220) | (220) | (220) | ||||||
| Additional paid in capital | 98,797 | 98,129 | 96,427 | 86,857 | 19,776 | 11,686 | |||
| Accumulated other comprehensive income (loss) | 117 | 12 | (23) | ||||||
| Accumulated deficit | (114,269) | (106,144) | (93,932) | (20,445) | (17,043) | (11,819) | |||
| Other undisclosed equity, attributable to parent | 1 | 80 | 80 | 68 | 15 | ||||
| Total equity: | (14,071) | (6,723) | 3,515 | 67,494 | 3,422 | 343 | |||
| TOTAL LIABILITIES AND EQUITY: | 29,200 | 31,564 | 36,529 | 80,457 | 5,026 | 3,719 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 19,580 | 12,925 | 15,839 | 6,999 | 1,736 | 3,681 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,681 | |
| Cost of revenue | (10,493) | (6,323) | (7,906) | (5,942) | (1,378) | (2,576) | ||
| Cost of goods and services sold | (2,576) | |||||||
| Other undisclosed gross profit | (0) | |||||||
| Gross profit: | 9,087 | 6,601 | 7,933 | 1,057 | 357 | 1,105 | ||
| Operating expenses | (14,249) | (18,508) | (80,858) | (8,001) | (3,495) | (3,694) | ||
| Operating loss: | (5,162) | (11,907) | (72,925) | (6,944) | (3,138) | (2,588) | ||
| Nonoperating income (expense) | (2,963) | (93) | (357) | 132 | (994) | (406) | ||
| Investment income, nonoperating | 47 | 3 | 1 | |||||
| Interest and debt expense | (4,227) | (1,945) | (59) | (20) | (579) | (84) | ||
| Loss from continuing operations before equity method investments, income taxes: | (12,352) | (13,945) | (73,341) | (6,833) | (4,711) | (3,078) | ||
| Other undisclosed income from continuing operations before income taxes | 4,227 | 1,945 | 59 | 20 | ||||
| Loss from continuing operations before income taxes: | (8,125) | (12,000) | (73,282) | (6,813) | (4,711) | (3,078) | ||
| Income tax benefit | 568 | 3,547 | ||||||
| Loss from continuing operations: | (8,125) | (12,000) | (72,714) | (3,265) | (4,711) | (3,078) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (12,000) | (72,714) | (3,402) | (5,803) | (3,078) | |
| Loss from discontinued operations | (137) | (1,093) | ||||||
| Net loss: | (8,125) | (12,000) | (72,714) | (3,402) | (5,803) | (3,078) | ||
| Other undisclosed net income attributable to parent | 579 | 84 | ||||||
| Net loss attributable to parent: | (8,125) | (12,000) | (72,714) | (3,402) | (5,224) | (2,994) | ||
| Preferred stock dividends and other adjustments | (454) | (363) | (319) | (112) | (18) | |||
| Other undisclosed net loss available to common stockholders, basic | (5) | |||||||
| Net loss available to common stockholders, diluted: | (8,130) | (12,454) | (73,078) | (3,721) | (5,336) | (3,012) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (8,125) | (12,000) | (72,714) | (3,402) | (5,803) | (3,078) | ||
| Other comprehensive income (loss) | 35 | (23) | ||||||
| Comprehensive loss: | (8,125) | (11,965) | (72,737) | (3,402) | (5,803) | (3,078) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 100 | (454) | (363) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (8,025) | (12,419) | (73,101) | (3,402) | (5,803) | (3,078) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.