Grom Social Enterprises Inc. (GROM) Financial Statements (2026 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)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,505 | 2,469 | 2,212 | 4,137 | 3,871 | 1,311 | |||
| Cash and cash equivalent | 2,505 | 2,469 | 2,212 | 4,137 | 3,871 | 1,311 | |||
| Receivables | 1,200 | 832 | 659 | 826 | 1,755 | 1,035 | |||
| Inventory, net of allowances, customer advances and progress billings | 43 | 43 | 87 | 99 | 92 | 104 | |||
| Inventory | 43 | 43 | 87 | 99 | 92 | 104 | |||
| Other undisclosed current assets | 153 | 640 | 633 | 621 | 13 | 792 | |||
| Total current assets: | 3,902 | 3,985 | 3,590 | 5,683 | 5,731 | 3,242 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 797 | 840 | 932 | 1,019 | 1,069 | 384 | |||
| Property, plant and equipment | 115 | 115 | 123 | 184 | 286 | 313 | |||
| Intangible assets, net (including goodwill) | 10,886 | 15,804 | 15,847 | 15,889 | 15,932 | 27,314 | |||
| Goodwill | 5,691 | 10,567 | 10,567 | 10,567 | 10,567 | 21,908 | |||
| Intangible assets, net (excluding goodwill) | 5,194 | 5,237 | 5,279 | 5,322 | 5,364 | 5,407 | |||
| Deferred costs | |||||||||
| Deferred income tax assets | 412 | ||||||||
| Other noncurrent assets | 8 | ||||||||
| Other undisclosed noncurrent assets | 2,433 | 1,642 | 1,570 | 1,641 | 1,619 | 1,438 | |||
| Total noncurrent assets: | 14,230 | 18,401 | 18,472 | 18,733 | 18,914 | 29,861 | |||
| TOTAL ASSETS: | 18,133 | 22,386 | 22,062 | 24,416 | 24,645 | 33,103 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,159 | 1,172 | 952 | 722 | 1,219 | 1,609 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 265 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 187 | ||
| Accounts payable | 865 | 901 | 659 | 419 | 840 | 753 | |||
| Accrued liabilities | 293 | 271 | 293 | 303 | 379 | 404 | |||
| Deferred revenue | 377 | 409 | 374 | 445 | 576 | 615 | |||
| Debt | 254 | 185 | 501 | 537 | 503 | 590 | |||
| Derivative instruments and hedges, liabilities | 1,310 | 49 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | 50 | |||
| Other undisclosed current liabilities | 1,320 | 1,147 | 976 | 862 | 691 | (64) | |||
| Total current liabilities: | 4,420 | 2,914 | 2,803 | 2,566 | 2,990 | 2,849 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 540 | 68 | 269 | ||||||
| Long-term debt, excluding current maturities | 540 | 68 | 108 | ||||||
| Liabilities, other than long-term debt | 855 | 879 | 947 | 1,001 | 1,239 | 405 | |||
| Other liabilities | 241 | 231 | 233 | 227 | 435 | 405 | |||
| Operating lease, liability | 614 | 648 | 713 | 774 | 804 | 161 | |||
| Other undisclosed noncurrent liabilities | 5,586 | ||||||||
| Total noncurrent liabilities: | 1,396 | 879 | 947 | 1,001 | 1,307 | 6,260 | |||
| Total liabilities: | 5,815 | 3,793 | 3,749 | 3,567 | 4,297 | 9,109 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 11,421 | 16,729 | 16,300 | 18,687 | 18,100 | 21,578 | |||
| Common stock | 2 | 9 | 7 | 3 | 23 | ||||
| Additional paid in capital | 108,312 | 107,149 | 104,652 | 104,609 | 101,726 | 97,156 | |||
| Accumulated other comprehensive loss | (160) | (198) | (168) | (136) | (166) | (160) | |||
| Accumulated deficit | (96,742) | (90,234) | (88,202) | (85,802) | (83,472) | (75,450) | |||
| Other undisclosed equity, attributable to parent | 9 | 11 | 9 | 9 | 9 | 9 | |||
| Equity, attributable to noncontrolling interest | 897 | 1,864 | 2,012 | 2,162 | 2,248 | 2,416 | |||
| Total equity: | 12,317 | 18,593 | 18,313 | 20,849 | 20,348 | 23,994 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,133 | 22,386 | 22,062 | 24,416 | 24,645 | 33,103 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 915 | 970 | 956 | 1,200 | 1,571 | 1,485 | ||
| Cost of revenue (Cost of Product and Service Sold) | (625) | (660) | (730) | (660) | (888) | (912) | ||
| Gross profit: | 290 | 310 | 226 | 540 | 682 | 573 | ||
| Operating expenses | (7,533) | (2,294) | (2,552) | (2,305) | (13,855) | (2,271) | ||
| Operating loss: | (7,243) | (1,984) | (2,326) | (1,765) | (13,172) | (1,698) | ||
| Nonoperating income (expense) | (66) | (10) | (38) | (465) | 5,614 | (408) | ||
| Other nonoperating income (expense) | (24) | 1 | (18) | 16 | 87 | 47 | ||
| Loss from continuing operations before income taxes: | (7,309) | (1,994) | (2,364) | (2,230) | (7,558) | (2,106) | ||
| Other undisclosed income (loss) from continuing operations | 19 | (446) | ||||||
| Loss from continuing operations: | (7,291) | (1,994) | (2,364) | (2,230) | (8,005) | (2,106) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (2,106) | |
| Net loss: | (7,291) | (1,994) | (2,364) | (2,230) | (8,005) | (2,106) | ||
| Net income attributable to noncontrolling interest | 968 | 148 | 150 | 86 | 168 | 95 | ||
| Net loss attributable to parent: | (6,323) | (1,846) | (2,214) | (2,144) | (7,837) | (2,011) | ||
| Preferred stock dividends and other adjustments | (186) | (186) | (186) | (186) | (185) | (186) | ||
| Net loss available to common stockholders, diluted: | (6,509) | (2,032) | (2,400) | (2,330) | (8,022) | (2,197) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,291) | (1,994) | (2,364) | (2,230) | (8,005) | (2,106) | ||
| Other undisclosed comprehensive income (loss) | 38 | (29) | (32) | 30 | (6) | (72) | ||
| Comprehensive loss: | (7,253) | (2,023) | (2,396) | (2,201) | (8,011) | (2,179) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 968 | 148 | 150 | 86 | 168 | 95 | ||
| Comprehensive loss, net of tax, attributable to parent: | (6,285) | (1,875) | (2,246) | (2,115) | (7,843) | (2,083) | ||
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.