MGO Global Inc. (MGOL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1515 SE 17TH STREET FORT LAUDERDALE, FL 33346 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (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 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 935 | 114 | |||
| Cash and cash equivalents | 935 | 114 | |||
| Receivables | 64 | ||||
| Inventory, net of allowances, customer advances and progress billings | 725 | 70 | |||
| Inventory | 725 | 70 | |||
| Prepaid expense | 183 | 148 | |||
| Disposal group, including discontinued operation | |||||
| Other current assets | 15 | ||||
| Other undisclosed current assets | 110 | ||||
| Total current assets: | 1,922 | 441 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 319 | ||||
| Other noncurrent assets | 8 | ||||
| Other undisclosed noncurrent assets | (8) | ||||
| Total noncurrent assets: | 319 | ||||
| TOTAL ASSETS: | 2,242 | 441 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 1,320 | 195 | |||
| Accounts payable | 142 | ||||
| Accrued liabilities | 450 | 53 | |||
| Other undisclosed accounts payable and accrued liabilities | 870 | ||||
| Debt | 11 | ||||
| Disposal group, including discontinued operation | |||||
| Other liabilities | 14 | ||||
| Due to related parties | ✕ | ✕ | 23 | ||
| Other undisclosed current liabilities | 1,376 | ||||
| Total current liabilities: | 1,320 | 1,618 | |||
| Noncurrent Liabilities | |||||
| Total liabilities: | 1,320 | 1,618 | |||
| Equity | |||||
| Equity, attributable to parent | 1,510 | (833) | |||
| Common stock | 0 | 0 | |||
| Additional paid in capital | 14,450 | 4,963 | |||
| Accumulated deficit | (12,940) | (5,797) | |||
| Equity, attributable to noncontrolling interest | (588) | (361) | |||
| Other undisclosed equity | (0) | ||||
| Total equity: | 922 | (1,195) | |||
| Other undisclosed liabilities and equity | 0 | 18 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,242 | 441 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 5,360 | 1,048 | ||
| Sales-type lease, revenue | 1,048 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (2,013) | (338) | ||
| Gross profit: | 3,347 | 710 | ||
| Operating expenses | (10,730) | (3,349) | ||
| Operating loss: | (7,383) | (2,639) | ||
| Nonoperating income (expense) | 12 | |||
| Other nonoperating expense | (31) | |||
| Interest and debt expense | 4 | (15) | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,367) | (2,654) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (223) | |||
| Loss from continuing operations: | (7,367) | (2,877) | ||
| Income from discontinued operations | ||||
| Other undisclosed net loss | (4) | |||
| Net loss: | (7,370) | (2,877) | ||
| Net income (loss) attributable to noncontrolling interest | 227 | 294 | ||
| Other undisclosed net income attributable to parent | ||||
| Net loss attributable to parent: | (7,143) | (2,583) | ||
| Other undisclosed net loss available to common stockholders, basic | ||||
| Net loss available to common stockholders, diluted: | (7,143) | (2,583) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net loss: | (7,370) | (2,877) | ||
| Comprehensive loss: | (7,370) | (2,877) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 227 | 294 | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,143) | (2,583) | ||
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.