Oblong Inc. (OBLG) Financial Statements (2024 and earlier)

Company Profile

Business Address 25587 CONIFER ROAD
CONIFER, CO 80433
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,8723,7143,0854,1435,1076,525
Cash and cash equivalents6,8723,7143,0854,1435,1076,525
Restricted cash and investments      61
Receivables244392415357491555
Inventory, net of allowances, customer advances and progress billings4026347231,0271,0781,718
Inventory4026347231,0271,0781,718
Prepaid expense   131   
Other current assets   90   
Other undisclosed current assets8369474288681,1501,441
Total current assets:8,3545,6874,8726,3957,82610,300
Noncurrent Assets
Operating lease, right-of-use asset6599142201245532
Property, plant and equipment  332575122
Intangible assets, net (including goodwill)4325186046906,40213,211
Goodwill      6,229
Intangible assets, net (excluding goodwill)4325186046906,4026,982
Other noncurrent assets223140532264
Total noncurrent assets:5196517899696,74413,929
TOTAL ASSETS:8,8736,3385,6617,36414,57024,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8991,8721,2582,2691,9781,700
Employee-related liabilities780677
Accounts payable136207184401325553
Accrued liabilities7631,6651,0741,0889761,147
Deferred revenue234341436571686736
Other undisclosed current liabilities68139219(474)(299)395
Total current liabilities:1,2012,3521,9132,3662,3652,831
Noncurrent Liabilities
Long-term debt and lease obligation:    4368170
Liabilities, other than long-term debt5784131152213302
Deferred revenue5784114152213302
Operating lease, liability   174368170
Total noncurrent liabilities:5784131195281472
Total liabilities:1,2582,4362,0442,5612,6463,303
Equity
Equity, attributable to parent7,6153,9023,6174,80311,92420,926
Common stock    333
Treasury stock, value(181)(181)(181)(181)(181)(181)
Additional paid in capital233,911229,149227,645227,611227,580227,549
Accumulated deficit(226,115)(225,066)(223,847)(222,630)(215,478)(206,445)
Total equity:7,6153,9023,6174,80311,92420,926
TOTAL LIABILITIES AND EQUITY:8,8736,3385,6617,36414,57024,229

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9561,0381,4261,1851,3331,532
Cost of revenue
(Cost of Goods and Services Sold)
(834)(762)(1,130)(841)(926)(1,033)
Gross profit:122276296344407499
Operating expenses(1,671)(1,479)(1,619)(7,504)(8,907)(5,021)
Other undisclosed operating income (loss) 458 50 (533) 
Operating loss:(1,091)(1,203)(1,273)(7,160)(9,033)(4,522)
Nonoperating income (expense)4222415 (6)
Other nonoperating income4222    
Loss from continuing operations before income taxes:(1,049)(1,181)(1,232)(7,155)(9,033)(4,528)
Income tax expense (benefit)  (38)153 (11)
Loss from continuing operations:(1,049)(1,219)(1,217)(7,152)(9,033)(4,539)
Loss before gain (loss) on sale of properties:(7,152)(9,033)(4,539)
Net loss attributable to parent:(1,049)(1,219)(1,217)(7,152)(9,033)(4,539)
Preferred stock dividends and other adjustments(149)(25)    
Other undisclosed net loss available to common stockholders, basic (751)     
Net loss available to common stockholders, diluted:(1,949)(1,244)(1,217)(7,152)(9,033)(4,539)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(1,049)(1,219)(1,217)(7,152)(9,033)(4,539)
Comprehensive loss, net of tax, attributable to parent:(1,049)(1,219)(1,217)(7,152)(9,033)(4,539)

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.

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