Local Corp (LOCMQ) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
7555 IRVINE CENTER DRIVE IRVINE, CA 92618 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 2,438 | 5,069 | 3,696 | ||
| Cash and cash equivalents | 2,438 | 5,069 | 3,696 | ||
| Restricted cash and investments | 42 | ||||
| Receivables | 8,426 | 17,298 | 10,937 | ||
| Prepaid expense and other current assets | ✕ | ✕ | 648 | ||
| Other undisclosed current assets | 449 | 957 | |||
| Total current assets: | 11,313 | 23,324 | 15,323 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 5,650 | 6,073 | 6,769 | ||
| Long-term investments and receivables | (3,431) | (3,431) | 1,585 | ||
| Accounts and financing receivable, after allowance for credit loss | (3,431) | (3,431) | 1,585 | ||
| Intangible assets, net (including goodwill) | 21,033 | 21,720 | 25,782 | ||
| Goodwill | 19,281 | 19,281 | 21,850 | ||
| Intangible assets, net (excluding goodwill) | 1,752 | 2,439 | 3,932 | ||
| Deposits noncurrent assets | 72 | 72 | 58 | ||
| Other undisclosed noncurrent assets | 3,431 | 3,821 | 390 | ||
| Total noncurrent assets: | 26,755 | 28,255 | 34,584 | ||
| TOTAL ASSETS: | 38,068 | 51,579 | 49,907 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 12,083 | 14,248 | 9,196 | ||
| Accounts payable | 9,669 | 12,786 | 8,367 | ||
| Accrued liabilities | 1,474 | ||||
| Employee-related liabilities | 940 | 1,462 | 829 | ||
| Debt | 4,883 | 1,500 | 10,000 | ||
| Derivative instruments and hedges, liabilities | 156 | 537 | 5 | ||
| Deferred revenue and credits | 225 | 525 | 655 | ||
| Other undisclosed current liabilities | 10,295 | 1,315 | |||
| Total current liabilities: | 17,347 | 27,105 | 21,171 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 4,630 | 375 | |||
| Long-term debt, excluding current maturities | 4,630 | 375 | |||
| Liabilities, other than long-term debt | 480 | 347 | 302 | ||
| Deferred tax liabilities, net | 480 | 347 | 302 | ||
| Other undisclosed noncurrent liabilities | 3,467 | ||||
| Total noncurrent liabilities: | 5,110 | 4,189 | 302 | ||
| Total liabilities: | 22,457 | 31,294 | 21,473 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 15,611 | 20,285 | 28,434 | ||
| Additional paid in capital | 125,076 | 124,249 | 122,036 | ||
| Accumulated deficit | (109,465) | (103,964) | (93,602) | ||
| Total stockholders' equity: | 15,611 | 20,285 | 28,434 | ||
| TOTAL LIABILITIES AND EQUITY: | 38,068 | 51,579 | 49,907 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 83,217 | 94,396 | 97,773 | |
| Cost of revenue | (63,580) | (68,541) | (87,941) | |
| Cost of goods and services sold | (63,580) | (68,541) | (71,657) | |
| Gross profit: | 19,637 | 25,855 | 9,832 | |
| Operating expenses | (29,124) | (36,446) | (34,121) | |
| Other undisclosed operating income | 4,670 | 5,318 | ||
| Operating loss: | (4,817) | (5,273) | (24,289) | |
| Nonoperating income (Investment Income, Nonoperating) | 918 | 1,100 | 202 | |
| Interest and debt expense | (2,183) | (2,333) | (458) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 12 | 33 | ||
| Loss from continuing operations before income taxes: | (6,082) | (6,494) | (24,512) | |
| Income tax expense | (129) | (139) | (111) | |
| Loss from continuing operations: | (6,211) | (6,633) | (24,623) | |
| Income (loss) from discontinued operations | 710 | (23) | ||
| Net loss: | (5,501) | (6,633) | (24,646) | |
| Other undisclosed net income (loss) attributable to parent | (3,729) | 404 | ||
| Net loss available to common stockholders, diluted: | (5,501) | (10,362) | (24,242) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (5,501) | (6,633) | (24,646) | |
| Comprehensive loss, net of tax, attributable to parent: | (5,501) | (6,633) | (24,646) | |
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.