Financial Gravity Companies, Inc. (FGCO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2501 RANCH ROAD 620 SOUTH LAKEWAY, TX 78734 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2022 Q3 | 3/31/2022 Q2 | 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 178 | 353 | 306 | 439 | 627 | 431 | |||
| Cash and cash equivalents | 178 | 353 | 306 | 439 | 627 | 431 | |||
| Receivables | 135 | ||||||||
| Deferred rent asset | 88 | 88 | |||||||
| Other current assets | 285 | 225 | |||||||
| Other undisclosed current assets | 233 | 432 | 536 | 320 | 374 | 307 | |||
| Total current assets: | 499 | 873 | 842 | 1,044 | 1,225 | 874 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 134 | 178 | |||||||
| Operating lease, right-of-use asset | 133 | 151 | 157 | ||||||
| Property, plant and equipment | 30 | 33 | 39 | 43 | 46 | 60 | |||
| Intangible assets, net (including goodwill) | 3,230 | 3,230 | 3,312 | 1,148 | 8,528 | 8,528 | |||
| Goodwill | 3,177 | 3,177 | 3,177 | 1,095 | 8,475 | 8,475 | |||
| Intangible assets, net (excluding goodwill) | 53 | 53 | 135 | 53 | 53 | 53 | |||
| Other undisclosed noncurrent assets | 49 | 65 | 99 | 272 | 131 | ||||
| Total noncurrent assets: | 3,442 | 3,479 | 3,507 | 1,423 | 8,846 | 8,897 | |||
| TOTAL ASSETS: | 3,941 | 4,352 | 4,349 | 2,467 | 10,071 | 9,771 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,393 | 1,167 | 1,116 | 1,352 | 1,161 | 1,185 | |||
| Employee-related liabilities | 160 | ||||||||
| Accounts payable | 24 | 30 | 33 | 34 | 22 | 7 | |||
| Accrued liabilities | 1,208 | 1,137 | 1,083 | 1,318 | 1,139 | 1,178 | |||
| Deferred revenue | 37 | 113 | 67 | 59 | 49 | 64 | |||
| Debt | 103 | 100 | 98 | 82 | 74 | 79 | |||
| Deferred rent credit | 91 | 100 | 109 | 117 | |||||
| Due to related parties | 61 | 66 | 66 | 49 | 66 | 66 | |||
| Other undisclosed current liabilities | (1) | 155 | 133 | 83 | 43 | 17 | |||
| Total current liabilities: | 1,592 | 1,601 | 1,571 | 1,724 | 1,501 | 1,528 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 144 | 163 | 626 | 610 | 1,324 | 935 | |||
| Long-term debt, excluding current maturities | 433 | 440 | 1,121 | 705 | |||||
| Operating lease, liability | 144 | 163 | 193 | 170 | 203 | 229 | |||
| Other undisclosed noncurrent liabilities | 279 | 267 | (170) | (203) | (229) | ||||
| Total noncurrent liabilities: | 567 | 592 | 626 | 610 | 1,324 | 935 | |||
| Other undisclosed liabilities | (0) | ||||||||
| Total liabilities: | 2,160 | 2,192 | 2,198 | 2,334 | 2,825 | 2,463 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,782 | 2,160 | 2,152 | 133 | 7,246 | 7,308 | |||
| Common stock | 92 | 92 | 92 | 84 | 84 | 84 | |||
| Additional paid in capital | 16,577 | 16,556 | 16,474 | 14,446 | 14,451 | 14,410 | |||
| Accumulated deficit | (14,887) | (14,489) | (14,414) | (14,397) | (7,289) | (7,185) | |||
| Other undisclosed equity, attributable to parent | (0) | 0 | |||||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | 1,782 | 2,160 | 2,152 | 133 | 7,246 | 7,308 | |||
| Other undisclosed liabilities and equity | (0) | 0 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 3,941 | 4,352 | 4,349 | 2,467 | 10,071 | 9,771 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2022 Q3 | 3/31/2022 Q2 | 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,575 | 1,596 | 1,606 | 1,677 | 1,682 | 1,708 | ||
| Revenue from related parties | 1,606 | 1,677 | 1,682 | |||||
| Cost of revenue | (80) | (19) | (29) | (23) | (36) | |||
| Cost of goods and services sold | (80) | |||||||
| Other undisclosed gross profit | 23 | 36 | ||||||
| Gross profit: | 1,496 | 1,596 | 1,587 | 1,647 | 1,682 | 1,708 | ||
| Operating expenses | (1,893) | (1,669) | (1,621) | (2,075) | (1,786) | (1,896) | ||
| Other undisclosed operating income | 19 | 29 | 0 | |||||
| Operating loss: | (397) | (73) | (15) | (398) | (104) | (188) | ||
| Nonoperating income (expense) | (1) | (2) | 2 | (6,721) | (1) | (1) | ||
| Other nonoperating income (expense) | (2) | 661 | (6) | |||||
| Interest and debt expense | (5) | (2) | (1) | (1) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (398) | (75) | (18) | (7,121) | (107) | (190) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (4) | 2 | 1 | 1 | ||||
| Income (loss) from continuing operations before income taxes: | (398) | (75) | (22) | (7,119) | (105) | (189) | ||
| Income tax expense (benefit) | 4 | 8 | 2 | (5) | ||||
| Income (loss) from continuing operations: | (398) | (75) | (18) | (7,112) | (104) | (194) | ||
| Income (loss) before gain (loss) on sale of properties: | (398) | (75) | (18) | (7,112) | (104) | (194) | ||
| Other undisclosed net income (loss) | 2 | (0) | ||||||
| Net income (loss): | (398) | (75) | (17) | (7,112) | (104) | (194) | ||
| Other undisclosed net income attributable to parent | 0 | 0 | ||||||
| Net income (loss) attributable to parent: | (398) | (75) | (17) | (7,112) | (104) | (194) | ||
| Other undisclosed net income available to common stockholders, basic | 795 | |||||||
| Net income (loss) available to common stockholders, diluted: | 397 | (75) | (17) | (7,112) | (104) | (194) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2022 Q3 | 3/31/2022 Q2 | 12/31/2021 Q1 | 9/30/2021 Q4 | 6/30/2021 Q3 | 3/31/2021 Q2 | 12/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (398) | (75) | (17) | (7,112) | (104) | (194) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (398) | (75) | (17) | (7,112) | (104) | (194) | ||
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.