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 | 54,964 | 129,973 | 47,333 | 94,668 | 73,480 | |||
Cash and cash equivalents | 469 | 129,973 | 47,333 | 94,668 | 73,480 | |||
Short-term investments | 54,495 | |||||||
Receivables | 14,189 | 107,760 | 113,506 | |||||
Inventory, net of allowances, customer advances and progress billings | 950,617 | 138,380 | ✕ | |||||
Inventory | 950,617 | 138,380 | ||||||
Prepaid expense | 10,083 | |||||||
Disposal group, including discontinued operation | 381,041 | |||||||
Other undisclosed current assets | 8,695 | |||||||
Total current assets: | 54,964 | 525,203 | 1,115,793 | 346,554 | 82,175 | |||
Noncurrent Assets | ||||||||
Property, plant and equipment | (49,127) | 185,105 | 10,060 | |||||
Intangible assets, net (including goodwill) | 389,839 | ✕ | ||||||
Goodwill | 389,839 | |||||||
Deposits noncurrent assets | 1,000 | 1,000 | 1,000 | |||||
Other noncurrent assets | 250 | |||||||
Other undisclosed noncurrent assets | 49,127 | 16,870 | 66,000 | |||||
Total noncurrent assets: | 1,000 | 407,709 | 252,105 | 10,310 | ||||
Other undisclosed assets | 187,386 | |||||||
TOTAL ASSETS: | 54,964 | 526,203 | 1,710,888 | 598,659 | 92,485 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities, including: | 38,767 | 32,892 | 228,014 | 34,309 | 5,180 | |||
Other undisclosed accounts payable and accrued liabilities | 38,767 | 32,892 | 228,014 | 34,309 | 5,180 | |||
Debt | 27,373 | 195,771 | 4,741 | |||||
Derivative instruments and hedges, liabilities | 30,238 | |||||||
Disposal group, including discontinued operation | 350,000 | |||||||
Deferred revenue and credits | ✕ | 43,602 | ||||||
Due to related parties | 26,000 | 110,000 | 125,000 | 143,493 | ||||
Other undisclosed current liabilities | 123,282 | 24,316 | ||||||
Total current liabilities: | 122,378 | 536,494 | 672,067 | 206,859 | 5,180 | |||
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: | 122,378 | 536,494 | 672,067 | 221,377 | 5,180 | |||
Equity | ||||||||
Equity, attributable to parent, including: | (67,414) | (10,291) | 1,038,821 | 377,282 | 87,305 | |||
Preferred stock | 27,348 | |||||||
Common stock | 64,407 | 69,318 | 86,126 | 77,812 | 51,252 | |||
Additional paid in capital | 3,488,010 | 3,384,950 | 3,162,529 | 909,988 | 150,048 | |||
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) | 1,038,821 | 377,282 | 87,305 | |||
TOTAL LIABILITIES AND EQUITY: | 54,964 | 526,203 | 1,710,888 | 598,659 | 92,485 |
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 | 331,680 | 66,403 | ||||
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 | 1,304 | 129,060 | 44 | 63 | |||
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 | 118,018 | 21,329 | |||||
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.