Grom Social Enterprises Inc. (GROM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2060 NW BOCA RATON BLVD. #6 BOCA RATON, FL 33431 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,505 | 3,871 | 6,530 | 120 | 506 | 634 | |||
| Cash and cash equivalents | 2,505 | 3,871 | 6,530 | 120 | 506 | 634 | |||
| Receivables | 1,200 | 1,755 | 1,156 | 588 | 546 | 1,123 | |||
| Inventory, net of allowances, customer advances and progress billings | 43 | 92 | 91 | 48 | 30 | 9 | |||
| Inventory | 43 | 92 | 91 | 48 | 30 | 9 | |||
| Other undisclosed current assets | 153 | 13 | 270 | 386 | 329 | 450 | |||
| Total current assets: | 3,902 | 5,731 | 8,048 | 1,143 | 1,411 | 2,216 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 797 | 1,069 | 593 | 603 | 874 | ✕ | |||
| Property, plant and equipment | 115 | 286 | 578 | 965 | 852 | 1,036 | |||
| Intangible assets, net (including goodwill) | 10,886 | 15,932 | 27,449 | 13,947 | 14,807 | 15,193 | |||
| Goodwill | 5,691 | 10,567 | 22,376 | 8,381 | 8,853 | 8,853 | |||
| Intangible assets, net (excluding goodwill) | 5,194 | 5,364 | 5,073 | 5,566 | 5,953 | 6,340 | |||
| Deferred costs | |||||||||
| Deferred income tax assets | 466 | 532 | ✕ | ||||||
| Other noncurrent assets | 8 | 4 | 76 | 79 | 115 | ||||
| Other undisclosed noncurrent assets | 2,433 | 1,619 | 717 | 239 | 250 | ||||
| Total noncurrent assets: | 14,230 | 18,914 | 29,807 | 16,122 | 16,850 | 16,594 | |||
| TOTAL ASSETS: | 18,133 | 24,645 | 37,855 | 17,265 | 18,261 | 18,810 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,159 | 1,219 | 1,598 | 3,023 | 2,460 | 2,156 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 491 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 103 | 41 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 239 | |||||
| Accounts payable | 865 | 840 | 468 | 1,126 | 809 | 682 | |||
| Accrued liabilities | 293 | 379 | 400 | 1,794 | 1,651 | 1,433 | |||
| Deferred revenue | 377 | 576 | 404 | 967 | 627 | ✕ | |||
| Debt | 254 | 503 | 2,641 | 2,540 | 5,092 | 4,505 | |||
| Derivative instruments and hedges, liabilities | 1,310 | 78 | |||||||
| Due to related parties | ✕ | ✕ | 50 | 144 | 462 | 1,182 | |||
| Other undisclosed current liabilities | 1,320 | 691 | 62 | 304 | 1,120 | ||||
| Total current liabilities: | 4,420 | 2,990 | 4,756 | 6,978 | 8,719 | 8,963 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 540 | 68 | 1,001 | 1,322 | 1,138 | 2,411 | |||
| Long-term debt, excluding current maturities | 540 | 68 | 716 | 993 | 505 | 2,411 | |||
| Liabilities, other than long-term debt | 855 | 1,239 | 791 | 368 | 227 | 654 | |||
| Accounts payable and accrued liabilities | 400 | ||||||||
| Other liabilities | 241 | 435 | 391 | 368 | 227 | 225 | |||
| Operating lease, liability | 614 | 804 | 285 | 329 | 633 | ✕ | |||
| Business combination, contingent consideration, liability | 429 | ||||||||
| Other undisclosed noncurrent liabilities | 5,186 | ||||||||
| Total noncurrent liabilities: | 1,396 | 1,307 | 6,978 | 1,690 | 1,365 | 3,064 | |||
| Total liabilities: | 5,815 | 4,297 | 11,734 | 8,668 | 10,084 | 12,028 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 11,421 | 18,100 | 23,438 | 8,597 | 8,177 | 6,782 | |||
| Preferred stock | 1 | ||||||||
| Common stock | 2 | 3 | 13 | 188 | 167 | 139 | |||
| Additional paid in capital | 108,312 | 101,726 | 89,851 | 64,235 | 58,155 | 52,254 | |||
| Accumulated other comprehensive loss | (160) | (166) | (31) | (39) | (98) | (153) | |||
| Accumulated deficit | (96,742) | (83,472) | (66,404) | (55,792) | (50,048) | (45,457) | |||
| Other undisclosed equity, attributable to parent | 9 | 9 | 9 | 6 | |||||
| Equity, attributable to noncontrolling interest | 897 | 2,248 | 2,682 | ||||||
| Total equity: | 12,317 | 20,348 | 26,121 | 8,597 | 8,177 | 6,782 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,133 | 24,645 | 37,855 | 17,265 | 18,261 | 18,810 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,041 | 5,427 | 6,298 | 6,160 | 8,297 | 8,644 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (2,674) | (3,665) | (3,707) | (3,353) | (4,611) | (4,379) | ||
| Gross profit: | 1,367 | 1,762 | 2,591 | 2,807 | 3,686 | 4,266 | ||
| Operating expenses | (14,685) | (20,432) | (9,464) | (6,189) | (6,665) | (8,141) | ||
| Operating loss: | (13,319) | (18,670) | (6,873) | (3,382) | (2,979) | (3,876) | ||
| Nonoperating income (expense) | (579) | 2,350 | (3,329) | (2,586) | (1,577) | (987) | ||
| Other nonoperating income (expense) | (24) | 207 | 175 | 48 | 526 | |||
| Interest and debt expense | (947) | (1,313) | (363) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (13,898) | (16,321) | (11,149) | (7,280) | (4,919) | (4,862) | ||
| Other undisclosed income from continuing operations before income taxes | 947 | 1,313 | 363 | |||||
| Loss from continuing operations before income taxes: | (13,898) | (16,321) | (10,202) | (5,967) | (4,556) | (4,862) | ||
| Income tax expense (benefit) | 19 | (446) | (21) | 224 | (35) | (15) | ||
| Other undisclosed income from continuing operations | ||||||||
| Loss from continuing operations: | (13,879) | (16,767) | (10,223) | (5,743) | (4,591) | (4,877) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (10,223) | (5,743) | (4,591) | (4,877) | |
| Net loss: | (13,879) | (16,767) | (10,223) | (5,743) | (4,591) | (4,877) | ||
| Net income attributable to noncontrolling interest | 1,352 | 434 | 70 | |||||
| Net loss attributable to parent: | (12,527) | (16,333) | (10,153) | (5,743) | (4,591) | (4,877) | ||
| Preferred stock dividends and other adjustments | (743) | (736) | (459) | (278) | (741) | |||
| Net loss available to common stockholders, diluted: | (13,270) | (17,068) | (10,612) | (6,021) | (5,332) | (4,877) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (13,879) | (16,767) | (10,223) | (5,743) | (4,591) | (4,877) | ||
| Other comprehensive loss | (4,953) | |||||||
| Other undisclosed comprehensive income (loss) | 7 | (135) | 78 | |||||
| Comprehensive loss: | (13,873) | (16,902) | (10,145) | (5,743) | (4,591) | (9,831) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,352 | 434 | 70 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (140) | 58 | 56 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (12,521) | (16,468) | (10,214) | (5,685) | (4,536) | (9,831) | ||
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.