iGambit, Inc. (IGMB) financial statements (2021 and earlier)

Company profile

Business Address 55 IVAN ALLEN JR. BLVD
ATLANTA, GA 30308
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28641681,0651075
Cash and cash equivalents28641681,0651075
Receivables72126581001010
Inventory, net of allowances, customer advances and progress billings   272727
Inventory   272727
Prepaid expense13317520516 
Total current assets:2333652461,24353113
Noncurrent Assets
Operating lease, right-of-use asset211224235247  
Property, plant and equipment6773778312
Long-term investments and receivables6,4026,402    
Long-term investments6,4026,402    
Intangible assets, net (including goodwill)  4,9725,0072,0502,224
Goodwill  3,4723,472  
Intangible assets, net (excluding goodwill)  1,5011,5362,0502,224
Restricted cash and investments50100100100  
Other undisclosed noncurrent assets1011111100
Total noncurrent assets:6,7406,8105,3965,4492,0522,226
TOTAL ASSETS:6,9737,1755,6426,6932,1052,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6835869281,753740658
Accrued liabilities 5895342719
Other undisclosed accounts payable and accrued liabilities6835288341,718713639
Deferred revenue173588166  
Debt5102,8672,5572,529496446
Due to related parties  128128128128
Other undisclosed current liabilities5511114634  
Total current liabilities:1,2643,5993,8484,6101,3651,232
Noncurrent Liabilities
Long-term debt and lease obligation332346210224  
Long-term debt, excluding current maturities150150    
Operating lease, liability182196210224  
Other undisclosed noncurrent liabilities(182)(196)(210)   
Total noncurrent liabilities:332346210224  
Other undisclosed liabilities    10094
Total liabilities:1,5963,9464,0584,8341,4651,325
Stockholders' equity
Stockholders' equity attributable to parent, including:5,3773,2301,5831,8586401,014
Treasury stock, value    (1,000)(1,000)
Additional paid in capital17,08016,68915,27114,42315,60515,208
Accumulated deficit(11,708)(13,464)(13,692)(12,569)(13,966)(13,593)
Other undisclosed stockholders' equity attributable to parent55351399
Other undisclosed stockholders' equity  1   
Total stockholders' equity:5,3773,2301,5841,8586401,014
Other undisclosed liabilities and equity  (1)   
TOTAL LIABILITIES AND EQUITY:6,9737,1755,6426,6932,1052,339

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues3503794661,34786
Gain on disposition of assets for financial service operations2,4042,328    
Cost of revenue(211)(265)(199)(804)(10)(8)
Gross profit:139114267543(2)(2)
Operating expenses(767)(1,796)(1,206)(6,335)(361)(373)
Operating loss:(628)(1,683)(940)(5,792)(364)(375)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2,3841,910(223)179(10)(196)
Interest and debt expense (168)(130)132(10)(257)
Income (loss) from continuing operations before equity method investments, income taxes:1,75660(1,293)(5,481)(384)(827)
Other undisclosed income from continuing operations before income taxes 168130   
Income (loss) from continuing operations:1,756227(1,162)(5,481)(384)(827)
Income from discontinued operations  40   
Income (loss) before gain (loss) on sale of properties:1,756227(1,123)(5,481)(384)(827)
Other undisclosed net income   13010257
Net income (loss):1,756227(1,123)(5,350)(374)(570)
Other undisclosed net loss attributable to parent   (263)  
Net income (loss) available to common stockholders, diluted:1,756227(1,123)(5,613)(374)(570)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1,756227(1,123)(5,350)(374)(570)
Comprehensive income (loss), net of tax, attributable to parent:1,756227(1,123)(5,350)(374)(570)

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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