GZ6G Technologies Corp. (GZIC) financial statements (2022 and earlier)

Company profile

Business Address 8935 WEST POST ROAD, SUITE 102
LAS VEGAS, NV 98148
State of Incorp. NV
Fiscal Year End December 31
SIC 4812 - Radiotelephone Communications (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments760118
Cash and cash equivalents760118
Receivables22
Prepaid expense197
Other current assets1616
Total current assets:796143
Noncurrent Assets
Finance lease, right-of-use asset98124
Property, plant and equipment235160
Total noncurrent assets:333284
TOTAL ASSETS:1,130427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:335282
Accounts payable66
Other undisclosed accounts payable and accrued liabilities329275
Deferred revenue209155
Debt139151
Due to related parties180149
Other undisclosed current liabilities6,1456,396
Total current liabilities:7,0097,133
Noncurrent Liabilities
Long-term debt and lease obligation4463
Long-term debt, excluding current maturities4444
Finance lease, liability 19
Total noncurrent liabilities:4463
Total liabilities:7,0537,196
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,263)(6,155)
Common stock2523
Additional paid in capital10,7845,038
Accumulated deficit(16,093)(11,236)
Other undisclosed stockholders' equity attributable to parent2020
Stockholders' equity attributable to noncontrolling interest(660)(614)
Total stockholders' equity:(5,923)(6,768)
TOTAL LIABILITIES AND EQUITY:1,130427

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

12/31/2021
Q4
9/30/2021
Q3
Revenues(54)132
Insurance agency management fee 30
Cost of revenue(10)(33)
Gross profit:(64)99
Operating expenses(536)(455)
Operating loss:(600)(356)
Nonoperating expense
(Other Nonoperating expense)
(4,313)(2,523)
Interest and debt expense3,738(2,523)
Other undisclosed income from continuing operations before equity method investments, income taxes5865,079
Loss before gain (loss) on sale of properties:(590)(323)
Other undisclosed net loss(4,313)(2,523)
Net loss:(4,903)(2,846)
Net income (loss) attributable to noncontrolling interest46(14)
Net loss available to common stockholders, basic:(4,857)(2,860)
Other undisclosed net loss available to common stockholders, diluted(36) 
Net loss available to common stockholders, diluted:(4,893)(2,860)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
Net loss:(4,903)(2,846)
Comprehensive loss:(4,903)(2,846)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest46(14)
Comprehensive loss, net of tax, attributable to parent:(4,857)(2,860)

Statements sources

The financial statements are based on the company's filings with the 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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