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
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,288 | 2,438 | 4,311 | 6,676 | 3,711 | 5,069 | 4,847 | ||
| Cash and cash equivalents | 2,288 | 2,438 | 4,311 | 6,676 | 3,711 | 5,069 | 4,847 | ||
| Receivables | 7,400 | 8,426 | 8,079 | 12,769 | 18,219 | 17,298 | 15,052 | ||
| Other undisclosed current assets | 952 | 449 | 445 | 567 | 1,091 | 957 | 1,405 | ||
| Total current assets: | 10,640 | 11,313 | 12,835 | 20,012 | 23,021 | 23,324 | 21,304 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,196 | 5,650 | 6,048 | 6,343 | 6,134 | 6,073 | 5,992 | ||
| Long-term investments and receivables | (3,431) | (3,431) | (3,431) | (3,431) | (3,431) | (3,431) | 1,722 | ||
| Accounts and financing receivable, after allowance for credit loss | (3,431) | (3,431) | (3,431) | (3,431) | (3,431) | (3,431) | 1,722 | ||
| Intangible assets, net (including goodwill) | 20,924 | 21,033 | 21,151 | 21,270 | 21,495 | 21,720 | 21,945 | ||
| Goodwill | 19,281 | 19,281 | 19,281 | 19,281 | 19,281 | 19,281 | 19,281 | ||
| Intangible assets, net (excluding goodwill) | 1,643 | 1,752 | 1,870 | 1,989 | 2,214 | 2,439 | 2,664 | ||
| Deposits noncurrent assets | 64 | 72 | 72 | 72 | 72 | 72 | 72 | ||
| Other undisclosed noncurrent assets | 3,431 | 3,431 | 3,431 | 3,431 | 3,431 | 3,821 | 390 | ||
| Total noncurrent assets: | 26,184 | 26,755 | 27,271 | 27,685 | 27,701 | 28,255 | 30,121 | ||
| TOTAL ASSETS: | 36,824 | 38,068 | 40,106 | 47,697 | 50,722 | 51,579 | 51,425 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,864 | 12,083 | 14,098 | 14,302 | 15,665 | 14,248 | 11,734 | ||
| Employee-related liabilities | 814 | 940 | 973 | 2,013 | 1,294 | 1,462 | 1,264 | ||
| Accounts payable | 11,006 | 9,669 | 11,290 | 12,289 | 14,371 | 12,786 | 10,470 | ||
| Accrued liabilities | 1,044 | 1,474 | 1,835 | ||||||
| Debt | 5,617 | 4,883 | 9,196 | 8,867 | 9,567 | 1,500 | 1,500 | ||
| Derivative instruments and hedges, liabilities | 156 | 622 | 743 | 710 | 537 | 766 | |||
| Deferred revenue and credits | 205 | 225 | 335 | 416 | 468 | 525 | 533 | ||
| Other undisclosed current liabilities | 1,681 | 1,587 | 10,295 | 10,853 | |||||
| Total current liabilities: | 18,686 | 17,347 | 24,251 | 26,009 | 27,997 | 27,105 | 25,386 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,754 | 4,630 | 4,743 | 4,435 | 375 | 750 | |||
| Long-term debt, excluding current maturities | 4,754 | 4,630 | 4,743 | 4,435 | 375 | 750 | |||
| Liabilities, other than long-term debt | 2,232 | 480 | 444 | 444 | 621 | 347 | 302 | ||
| Deferred tax liabilities, net | 480 | 480 | 444 | 444 | 621 | 347 | 302 | ||
| Derivative instruments and hedges, liabilities | 1,752 | ||||||||
| Other undisclosed noncurrent liabilities | 3,467 | 3,227 | |||||||
| Total noncurrent liabilities: | 6,986 | 5,110 | 444 | 5,187 | 5,056 | 4,189 | 4,279 | ||
| Total liabilities: | 25,672 | 22,457 | 24,695 | 31,196 | 33,053 | 31,294 | 29,665 | ||
| Equity | |||||||||
| Equity, attributable to parent | 11,152 | 15,611 | 15,411 | 16,501 | 17,669 | 20,285 | 21,760 | ||
| Additional paid in capital | 125,197 | 125,076 | 124,841 | 124,623 | 124,461 | 124,249 | 124,045 | ||
| Accumulated deficit | (114,045) | (109,465) | (109,430) | (108,122) | (106,792) | (103,964) | (102,285) | ||
| Total equity: | 11,152 | 15,611 | 15,411 | 16,501 | 17,669 | 20,285 | 21,760 | ||
| TOTAL LIABILITIES AND EQUITY: | 36,824 | 38,068 | 40,106 | 47,697 | 50,722 | 51,579 | 51,425 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Other undisclosed income before gain (loss) on sale of properties | 710 | |||||||
| Revenues (Revenue, Net) | 13,087 | 16,382 | 18,141 | 22,514 | 26,180 | 26,805 | 23,472 | |
| Cost of revenue (Cost of Goods and Services Sold) | (11,563) | (12,035) | (14,628) | (16,512) | (20,405) | (20,288) | (16,208) | |
| Gross profit: | 1,524 | 4,347 | 3,513 | 6,002 | 5,775 | 6,517 | 7,264 | |
| Operating expenses | (5,984) | (6,543) | (6,248) | (7,580) | (8,257) | (12,946) | (8,013) | |
| Other undisclosed operating income | 928 | 989 | 1,681 | 699 | 805 | 4,509 | ||
| Operating loss: | (3,532) | (1,207) | (1,054) | (879) | (1,677) | (1,920) | (749) | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | 2,568 | 1,031 | 285 | (64) | (334) | 871 | (413) | |
| Interest and debt expense | (3,616) | (537) | (539) | (564) | (543) | (1,247) | (540) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 725 | 3 | ||||||
| Loss from continuing operations before income taxes: | (4,580) | (713) | (1,308) | (1,507) | (2,554) | (1,571) | (1,699) | |
| Income tax expense (benefit) | (32) | 177 | (274) | (18) | 109 | |||
| Loss from continuing operations: | (4,580) | (745) | (1,308) | (1,330) | (2,828) | (1,589) | (1,590) | |
| Loss before gain (loss) on sale of properties: | (4,580) | (35) | (1,308) | (1,330) | (2,828) | (1,589) | (1,590) | |
| Net loss: | (4,580) | (35) | (1,308) | (1,330) | (2,828) | (1,589) | (1,590) | |
| Other undisclosed net loss attributable to parent | (90) | (154) | ||||||
| Net loss available to common stockholders, diluted: | (4,580) | (35) | (1,308) | (1,330) | (2,828) | (1,679) | (1,744) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (4,580) | (35) | (1,308) | (1,330) | (2,828) | (1,589) | (1,590) | |
| Comprehensive loss, net of tax, attributable to parent: | (4,580) | (35) | (1,308) | (1,330) | (2,828) | (1,589) | (1,590) | |
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.