Galaxy Next Generation, Inc. (GAXY) Financial Statements (2024 and earlier)

Company Profile

Business Address 285 BIG A ROAD
TOCCOA, GA 30577
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 783 - Motion Picture Theaters (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21163301480355354
Cash and cash equivalents21163301480355354
Receivables892798453659306928
Inventory, net of allowances, customer advances and progress billings1,2199511,0029471,3803,377
Inventory1,2199511,0029471,3803,377
Other current assets444444
Total current assets:2,1361,9161,7602,0902,0444,663
Noncurrent Assets
Operating lease, right-of-use asset150160180159222222
Property, plant and equipment32933934935937082
Intangible assets, net (including goodwill), including:1,3111,3891,4431,4761,4711,396
Goodwill834834834834834834
Intangible assets, net (excluding goodwill)1,3111,3891,4811,4761,4711,396
Other undisclosed intangible assets, net (including goodwill)(834)(834)(872)(834)(834)(834)
Other undisclosed noncurrent assets834834834834834834
Total noncurrent assets:2,6242,7222,8062,8292,8982,534
TOTAL ASSETS:4,7604,6374,5654,9184,9427,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5021,7521,7311,4511,2241,435
Accounts payable986618738627634838
Accrued liabilities1,5161,134993824590597
Deferred revenue628647175 137315
Debt5,3554,4224,0543,2502,4444,890
Derivative instruments and hedges, liabilities74    834
Total current liabilities:8,5586,8215,9614,7013,8057,473
Noncurrent Liabilities
Long-term debt and lease obligation 27249316775422
Long-term debt, excluding current maturities 27249316775422
Liabilities, other than long-term debt 1,1721,038587279288 
Due to related parties1,1721,038587279288 
Total noncurrent liabilities:1,1721,0658365951,063422
Total liabilities:9,7307,8876,7975,2964,8687,895
Equity
Equity, attributable to parent, including:(4,970)(3,249)(2,231)(378)74(698)
Preferred stock      0
Common stock325321321321310290
Additional paid in capital53,36752,16551,63051,11050,54447,330
Accumulated deficit(58,662)(55,736)(54,182)(51,810)(50,779)(48,317)
Other undisclosed equity, attributable to parent00000 
Total equity:(4,970)(3,249)(2,231)(378)74(698)
TOTAL LIABILITIES AND EQUITY:4,7604,6374,5654,9184,9427,197

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

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
Revenues429619851,2689041,685
Cost of revenue(330)(271)(505)(1,016)(848)(1,019)
Gross profit:99348(420)25356666
Operating expenses(1,561)(1,620)(1,496)(1,205)(1,097)(1,531)
Operating loss:(1,462)(1,273)(1,916)(952)(1,041)(865)
Nonoperating income (expense)(1,464)(281)(457)(125)(1,421)479
Interest and debt expense(1,276)(162)(90)(102)(355)(268)
Loss from continuing operations before equity method investments, income taxes:(4,202)(1,716)(2,462)(1,179)(2,817)(654)
Other undisclosed income from continuing operations before income taxes1,27616290102355268
Loss from continuing operations:(2,926)(1,554)(2,372)(1,077)(2,462)(386)
Loss before gain (loss) on sale of properties:(1,554)(2,372)(1,077)(2,462)(386)
Net loss:(2,926)(1,554)(2,372)(1,077)(2,462)(386)
Other undisclosed net income attributable to parent    0  
Net loss available to common stockholders, diluted:(2,926)(1,554)(2,372)(1,077)(2,462)(386)

Comprehensive Income ($ in thousands)

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
Net loss:(2,926)(1,554)(2,372)(1,077)(2,462)(386)
Comprehensive loss, net of tax, attributable to parent:(2,926)(1,554)(2,372)(1,077)(2,462)(386)

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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