FOMO WORLDWIDE, INC. (IGOT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
625 STANWIX ST. #2504 PITTSBURGH, PA 15222 |
| State of Incorp. | WY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6799 - Investors, Not Elsewhere Classified (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 | 97 | 94 | 12 | 0 | 0 | ||||
| Cash and cash equivalents | 97 | 94 | 12 | 0 | 0 | ||||
| Receivables | 1,728 | 91 | 21 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 382 | 8 | |||||||
| Inventory | 382 | 8 | |||||||
| Prepaid expense | 9 | 0 | 1 | ||||||
| Other undisclosed current assets | (0) | ||||||||
| Total current assets: | 2,217 | 193 | 34 | 0 | 0 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 282 | ✕ | |||||||
| Property, plant and equipment | 81 | ||||||||
| Long-term investments and receivables | 140 | 189 | |||||||
| Long-term investments | 140 | 189 | |||||||
| Intangible assets, net (including goodwill) | 865 | ||||||||
| Goodwill | 350 | ||||||||
| Intangible assets, net (excluding goodwill) | 514 | ||||||||
| Other noncurrent assets | 765 | 971 | |||||||
| Total noncurrent assets: | 1,367 | 765 | 971 | 189 | |||||
| TOTAL ASSETS: | 3,584 | 959 | 1,005 | 189 | 0 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,657 | 40 | 88 | 68 | 651 | ||||
| Interest and dividends payable | ✕ | ✕ | ✕ | 10 | 25 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 16 | 3 | ||||
| Accounts payable | 63 | 6 | 22 | ||||||
| Accrued liabilities | 1,657 | 15 | 63 | 626 | |||||
| Debt | 244 | 503 | 226 | 188 | 72 | ||||
| Derivative instruments and hedges, liabilities | 982 | 330 | 834 | 893 | 876 | ||||
| Due to related parties | ✕ | ✕ | 25 | 23 | 4 | ||||
| Other undisclosed current liabilities | 2,735 | 373 | 17 | 282 | 250 | ||||
| Total current liabilities: | 5,643 | 1,269 | 1,169 | 1,431 | 1,849 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 512 | ||||||||
| Due to related parties | ✕ | ✕ | 284 | ||||||
| Operating lease, liability | 228 | ✕ | |||||||
| Total noncurrent liabilities: | 512 | ||||||||
| Total liabilities: | 6,155 | 1,269 | 1,169 | 1,431 | 1,849 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (2,571) | (310) | (164) | (1,242) | (1,849) | ||||
| Preferred stock | 1 | 45 | |||||||
| Common stock | 9,023 | 8,632 | 4,233 | 3,800 | 3,405 | ||||
| Common stock, value, subscriptions | 125 | 125 | 125 | ||||||
| Additional paid in capital | 12,503 | 11,302 | 3,139 | 858 | 536 | ||||
| Accumulated deficit | (24,098) | (20,245) | (7,663) | (6,026) | (5,961) | ||||
| Other undisclosed equity, attributable to parent | 1 | 1 | 0 | ||||||
| Total equity: | (2,571) | (310) | (164) | (1,242) | (1,849) | ||||
| TOTAL LIABILITIES AND EQUITY: | 3,584 | 959 | 1,005 | 189 | 0 | ||||
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 | 7,516 | 657 | 92 | |||||
| Cost of revenue | (6,468) | (539) | (88) | |||||
| Gross profit: | 1,048 | 118 | 4 | |||||
| Operating expenses | (2,645) | (11,341) | (1,602) | (213) | (292) | |||
| Operating loss: | (1,598) | (11,223) | (1,598) | (213) | (292) | |||
| Nonoperating income (expense) | (2,084) | (1,360) | (38) | 147 | (1,610) | |||
| Investment income, nonoperating | (667) | (435) | (21) | (147) | ||||
| Interest and debt expense | (206) | (475) | 89 | 583 | (9) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,887) | (13,058) | (1,547) | 517 | (1,910) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 206 | 475 | (89) | (583) | 9 | |||
| Income (loss) from continuing operations: | (3,681) | (12,583) | (1,637) | (65) | (1,901) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (12,583) | (1,637) | (65) | (1,901) | |
| Net income (loss): | (3,681) | (12,583) | (1,637) | (65) | (1,901) | |||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) attributable to parent: | (3,681) | (12,583) | (1,637) | (65) | (1,901) | |||
| Other undisclosed net loss available to common stockholders, basic | (172) | |||||||
| Net income (loss) available to common stockholders, diluted: | (3,853) | (12,583) | (1,637) | (65) | (1,901) | |||
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 income (loss): | (3,681) | (12,583) | (1,637) | (65) | (1,901) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,681) | (12,583) | (1,637) | (65) | (1,901) | |||
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.