Financial Gravity Companies, Inc. (FGCO) financial statements (2021 and earlier)

Company profile

Business Address 12600 HILL COUNTRY BLVD., SUITE R-275
BEE CAVE, TX 78738
State of Incorp. NV
Fiscal Year End September 30
SIC 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4314833632444133
Cash and cash equivalents4314833632444133
Receivables1351151471811483
Prepaid expense   266532
Other undisclosed current assets30749812   
Total current assets:8741,09619576623248
Noncurrent Assets
Finance lease, right-of-use asset178  
Property, plant and equipment6082140138128141
Intangible assets, net (including goodwill)8,5288,6721,1481,1441,1941,187
Goodwill8,4758,4751,0951,0951,0951,095
Intangible assets, net (excluding goodwill)5319753499992
Other undisclosed noncurrent assets1310268419432524
Total noncurrent assets:8,8978,7541,5561,7011,7541,852
TOTAL ASSETS:9,7719,8501,7511,7772,3772,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1851,175322238174230
Accounts payable710817510552126
Accrued liabilities1,1781,067147133123104
Deferred revenue647695
Debt79241335616693
Deferred rent credit117   
Due to related parties6670    
Deferred revenue and credits9633
Other undisclosed current liabilities173146460 20
Total current liabilities:1,5281,659494654436376
Noncurrent Liabilities
Long-term debt and lease obligation935     
Long-term debt, excluding current maturities705     
Operating lease, liability229  
Other undisclosed noncurrent liabilities(229)     
Total noncurrent liabilities:935     
Total liabilities:2,4631,659494654436376
Stockholders' equity
Stockholders' equity attributable to parent7,3087,4781,2344461,6601,724
Common stock848441363635
Additional paid in capital14,41014,3857,3925,9865,6804,769
Accumulated deficit(7,185)(6,991)(6,199)(5,576)(4,055)(3,079)
Total stockholders' equity:7,3087,4781,2344461,6601,724
Other undisclosed liabilities and equity071324676281 
TOTAL LIABILITIES AND EQUITY:9,7719,8501,7511,7772,3772,100

Income statement (P&L) ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues6,0393,6874,0753,8873,5302,757
Revenue, net2,2011,767
Cost of revenue(97)(73)(55)(86)(73)(75)
Cost of goods and services sold(32)   (73)(75)
Other undisclosed gross profit6473    
Gross profit:6,0073,6874,0203,8013,4572,682
Operating expenses(5,654)(4,599)(4,553)(5,301)(4,455)(4,884)
Other undisclosed operating income (loss)(1,297) 55867375
Operating loss:(944)(912)(478)(1,414)(924)(2,127)
Nonoperating income (expense)(3)120(146)(107)(52)(8)
Other nonoperating income (expense)(6)120  (52)(8)
Interest and debt expense(3) (146)(107)(52)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes120     
Loss from continuing operations before equity method investments, income taxes:(830)(792)(769)(1,628)(1,027)(2,144)
Other undisclosed income from continuing operations before income taxes1     
Loss from continuing operations before income taxes:(829)(792)(769)(1,628)(1,027)(2,144)
Income tax expense(5)     
Net loss:(834)(792)(769)(1,628)(1,027)(2,144)
Other undisclosed net income (loss) attributable to parent(147)(0)146107528
Net loss available to common stockholders, diluted:(982)(792)(623)(1,521)(976)(2,135)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net loss:(834)(792)(769)(1,628)(1,027)(2,144)
Comprehensive loss, net of tax, attributable to parent:(834)(792)(769)(1,628)(1,027)(2,144)

Statements sources

The financial statements are based on the company's filings with the 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.

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