Galenfeha, Inc. (GLFH) Financial Statements (2024 and earlier)

Company Profile

Business Address 420 THROCKMORTON STREET
FT. WORTH, TX 76102
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 8711 - Engineering Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 54,964129,97347,33394,66873,480
Cash and cash equivalents 469129,97347,33394,66873,480
Short-term investments 54,495    
Receivables  14,189107,760113,506 
Inventory, net of allowances, customer advances and progress billings   950,617138,380
Inventory   950,617138,380 
Prepaid expense   10,083  
Disposal group, including discontinued operation  381,041   
Other undisclosed current assets     8,695
Total current assets: 54,964525,2031,115,793346,55482,175
Noncurrent Assets
Property, plant and equipment (49,127)  185,10510,060
Intangible assets, net (including goodwill)   389,839 
Goodwill   389,839  
Deposits noncurrent assets  1,0001,0001,000 
Other noncurrent assets     250
Other undisclosed noncurrent assets 49,127 16,87066,000 
Total noncurrent assets:  1,000407,709252,10510,310
Other undisclosed assets   187,386  
TOTAL ASSETS: 54,964526,2031,710,888598,65992,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 38,76732,892228,01434,3095,180
Other undisclosed accounts payable and accrued liabilities 38,76732,892228,01434,3095,180
Debt 27,373 195,7714,741 
Derivative instruments and hedges, liabilities 30,238    
Disposal group, including discontinued operation  350,000   
Deferred revenue and credits 43,602   
Due to related parties 26,000110,000125,000143,493 
Other undisclosed current liabilities   123,28224,316 
Total current liabilities: 122,378536,494672,067206,8595,180
Noncurrent Liabilities
Long-term debt and lease obligation    14,518 
Long-term debt, excluding current maturities    14,518 
Total noncurrent liabilities:    14,518 
Total liabilities: 122,378536,494672,067221,3775,180
Equity
Equity, attributable to parent, including: (67,414)(10,291)1,038,821377,28287,305
Preferred stock  27,348   
Common stock 64,40769,31886,12677,81251,252
Additional paid in capital 3,488,0103,384,9503,162,529909,988150,048
Accumulated deficit (3,654,479)(3,491,907)   
Other undisclosed equity, attributable to parent 34,648 (2,209,834)(610,518)(113,995)
Total equity: (67,414)(10,291)1,038,821377,28287,305
TOTAL LIABILITIES AND EQUITY: 54,964526,2031,710,888598,65992,485

Income Statement (P&L) (USD)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 885  280,063 
Other income 885  
Cost of revenue   (958,604)(213,660) 
Other undisclosed gross profit   1,290,284  
Gross profit: 885 331,68066,403 
Operating expenses (94,923)(597,655)(1,813,022)(519,207) 
Other undisclosed operating loss (885)    
Operating loss: (94,923)(597,655)(1,481,342)(452,804) 
Nonoperating expense (40,004)(330,440)(117,974)(21,219) 
Investment income, nonoperating 1,304129,0604463 
Debt instrument, convertible, beneficial conversion feature    125,000 
Interest and debt expense 12,829(473,045)(118,018)(21,329) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (12,829)473,045   
Loss from continuing operations: (134,927)(928,095)(1,717,334)(495,352) 
Loss before gain (loss) on sale of properties: (162,572)(1,282,073)(1,717,334)(495,352) 
Loss from discontinued operations (27,645)(353,978)   
Net loss: (162,572)(1,282,073)(1,717,334)(495,352) 
Other undisclosed net income attributable to parent   118,01821,329 
Net loss available to common stockholders, diluted: (162,572)(1,282,073)(1,599,316)(474,023) 

Comprehensive Income (USD)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (162,572)(1,282,073)(1,717,334)(495,352) 
Comprehensive loss, net of tax, attributable to parent: (162,572)(1,282,073)(1,717,334)(495,352) 

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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