Fullnet Communications Inc (FULO) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 ROBERT S KERR AVENUE
OKLAHOMA CITY, OK 73102
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
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 investments2,7542,6551,40861124529
Cash and cash equivalents2,7542,6551,40861124529
Receivables23031159
Prepaid expense37252020316
Total current assets:2,7922,7101,45863228144
Noncurrent Assets
Property, plant and equipment875963585139
Intangible assets, net (including goodwill)182126181322
Goodwill182126181322
Other undisclosed noncurrent assets279440854619129
Total noncurrent assets:3855199436956591
TOTAL ASSETS:3,1763,2302,4011,327346135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities494567607475553647
Accounts payable19535071837
Accrued liabilities475514557468534610
Debt     75
Other liabilities1,001905777509443398
Due to related parties    48
Other undisclosed current liabilities134123113104  
Total current liabilities:1,6291,5961,4971,0871,0071,059
Noncurrent Liabilities
Long-term debt and lease obligation, including:  279402515 149
Other undisclosed long-term debt and lease obligation      149
Liabilities, other than long-term debt 145   2128
Due to related parties    2128
Operating lease, liability 145279402515
Other undisclosed noncurrent liabilities  (279)(402)(463)5245
Total noncurrent liabilities: 14527940256773222
Total liabilities:1,7751,8751,8991,6541,0801,280
Equity
Equity, attributable to parent1,4021,355502(326)(733)(1,145)
Preferred stock410357354555639619
Common stock000000
Additional paid in capital9,1089,0729,0658,9408,7668,641
Accumulated other comprehensive loss(8,117)(8,074)(8,916)(9,821)(10,138)(10,405)
Total equity:1,4021,355502(326)(733)(1,145)
TOTAL LIABILITIES AND EQUITY:3,1763,2302,4011,327346135

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,2684,1363,5022,4212,0701,890
Revenue, net1,890
Cost of revenue (1)(1)  (0)
Provision for loan, lease, and other losses (1)(1)  
Financial services costs(0)
Other undisclosed gross profit(907)(740)    
Gross profit:3,3613,3943,5012,4212,0701,889
Operating expenses(2,531)(2,221)(2,772)(2,219)(2,085)(1,811)
Other undisclosed operating income   1  0
Operating income (loss):8301,173730202(15)79
Nonoperating income (expense)73213116114(2)
Investment income, nonoperating     (2)(2)
Other nonoperating income73213116116 
Interest and debt expense    (0)  
Income from continuing operations before income taxes:9031,19473331810077
Income tax expense (benefit)(231)(301)339   
Income from continuing operations:6728931,07231810077
Income (loss) before gain (loss) on sale of properties:8931,07231734(27)
Loss from discontinued operations    (1)(66)(104)
Other undisclosed net income     233 
Net income (loss) attributable to parent:6728931,072317267(27)
Preferred stock dividends and other adjustments(64)(55)(60)(82)(20)(27)
Net income (loss) available to common stockholders, diluted:6088381,013236247(54)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):6728931,072317267(27)
Comprehensive income (loss), net of tax, attributable to parent:6728931,072317267(27)

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.

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