ARC Group, Inc. (RLLY) Financial Statements (2024 and earlier)
Company Profile
Business Address |
13453 NORTH MAIN STREET JACKSONVILLE, FL 32218 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 6794 - Patent Owners and Lessors (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 231 | 256 | 175 | 345 | 57 | 33 | |||
Cash and cash equivalents | 231 | 256 | 175 | 345 | 57 | 33 | |||
Receivables | 671 | 774 | 775 | 688 | 479 | 61 | |||
Inventory, net of allowances, customer advances and progress billings | 195 | 180 | 192 | 211 | 140 | 52 | |||
Inventory | 195 | 180 | 192 | 211 | 140 | 52 | |||
Prepaid expense | 73 | 62 | 43 | 35 | 44 | ||||
Deposits current assets | 15 | 17 | |||||||
Other current assets | 16 | 10 | 6 | 8 | 3 | 7 | |||
Other undisclosed current assets | 11 | 12 | 81 | 11 | 13 | 12 | |||
Total current assets: | 1,198 | 1,294 | 1,270 | 1,297 | 750 | 183 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 10,896 | 11,041 | 11,185 | ✕ | ✕ | ✕ | |||
Operating lease, right-of-use asset | 3,583 | 3,665 | 3,744 | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 1,524 | 1,268 | 1,122 | 12,538 | 12,498 | 344 | |||
Long-term investments and receivables | 1 | 1 | 2 | 3 | 3 | 4 | |||
Accounts and financing receivable, after allowance for credit loss | 1 | 1 | 2 | 3 | 3 | 4 | |||
Intangible assets, net (including goodwill), including: | 784 | 785 | 786 | 787 | 845 | ||||
Goodwill | |||||||||
Intangible assets, net (excluding goodwill) | 784 | 785 | 787 | 34 | |||||
Other undisclosed intangible assets, net (including goodwill) | 786 | 811 | |||||||
Deposits noncurrent assets | 35 | 45 | 47 | 49 | |||||
Total noncurrent assets: | 16,822 | 16,805 | 16,885 | 13,376 | 13,346 | 348 | |||
TOTAL ASSETS: | 18,021 | 18,100 | 18,155 | 14,673 | 14,096 | 531 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,169 | 1,920 | 1,549 | 1,479 | 1,318 | 625 | |||
Interest and dividends payable | 76 | 55 | 42 | 29 | 19 | 15 | |||
Accounts payable | 312 | 312 | 312 | 312 | |||||
Accrued liabilities | 240 | 231 | 101 | 75 | |||||
Other undisclosed accounts payable and accrued liabilities | 1,780 | 1,553 | 955 | 906 | 1,198 | 535 | |||
Deferred revenue | 13 | 13 | 13 | ✕ | ✕ | ✕ | |||
Debt | 1,052 | 1,035 | 996 | 723 | 171 | ||||
Deferred compensation liability | 312 | ||||||||
Estimated litigation liability | 170 | 168 | 166 | 164 | 162 | 160 | |||
Business combination, contingent consideration, liability | 55 | 55 | 55 | 55 | 55 | 56 | |||
Due to related parties | 770 | 605 | 783 | 720 | 524 | 2 | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 14 | ||||
Other liabilities | 12 | ||||||||
Other undisclosed current liabilities | 1,070 | 978 | 923 | 928 | 512 | 389 | |||
Total current liabilities: | 5,299 | 4,774 | 4,485 | 4,082 | 3,055 | 1,244 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 14,407 | 14,537 | 14,664 | 11,210 | 11,242 | ||||
Long-term debt, excluding current maturities | |||||||||
Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 11,210 | 11,242 | |||
Finance lease, liability | 11,055 | 11,111 | 11,162 | ✕ | ✕ | ✕ | |||
Liabilities, other than long-term debt | 90 | 45 | 49 | 52 | |||||
Deferred revenue | 90 | 45 | 49 | ✕ | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 52 | ||||
Operating lease, liability | 3,352 | 3,427 | 3,502 | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 124 | 131 | |||||||
Total noncurrent liabilities: | 14,497 | 14,582 | 14,712 | 11,262 | 11,366 | 131 | |||
Total liabilities: | 19,796 | 19,357 | 19,197 | 15,344 | 14,421 | 1,375 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (1,775) | (1,257) | (1,042) | (670) | (325) | (843) | |||
Preferred stock | 4 | 4 | 4 | 4 | |||||
Common stock | 71 | 71 | 71 | 67 | 65 | 65 | |||
Common stock, value, subscriptions | 65 | 35 | 7 | 15 | 291 | 27 | |||
Additional paid in capital | 4,636 | 4,586 | 4,537 | 4,490 | 4,191 | 4,033 | |||
Accumulated deficit | (6,551) | (5,953) | (5,662) | (5,248) | (4,876) | (4,973) | |||
Other undisclosed equity, attributable to parent | 4 | 4 | |||||||
Total equity: | (1,775) | (1,257) | (1,042) | (670) | (325) | (843) | |||
TOTAL LIABILITIES AND EQUITY: | 18,021 | 18,100 | 18,155 | 14,673 | 14,096 | 531 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 4,043 | 4,189 | 4,589 | 4,632 | 2,453 | 1,169 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,369) | (1,347) | ||||||
Other undisclosed gross profit | ||||||||
Gross profit: | 2,674 | 2,842 | 4,589 | 4,632 | 2,453 | 1,169 | ||
Operating expenses | (4,465) | (4,497) | (4,846) | (4,865) | (2,917) | (1,300) | ||
Other undisclosed operating income (loss) | 1,369 | 1,347 | ||||||
Operating loss: | (422) | (308) | (257) | (232) | (464) | (131) | ||
Nonoperating income (expense) | (176) | 16 | (157) | (140) | 561 | 75 | ||
Investment income, nonoperating | (0) | 625 | ||||||
Other nonoperating income | 36 | 37 | 46 | 5 | 10 | 81 | ||
Interest and debt expense | (176) | (177) | (178) | (93) | (74) | (5) | ||
Income (loss) from continuing operations: | (774) | (468) | (592) | (465) | 23 | (61) | ||
Income (loss) before gain (loss) on sale of properties: | (774) | (468) | (592) | (465) | 23 | (61) | ||
Net income (loss): | (774) | (468) | (592) | (465) | 23 | (61) | ||
Other undisclosed net income attributable to parent | 176 | 177 | 178 | 93 | 74 | 5 | ||
Net income (loss) available to common stockholders, diluted: | (598) | (292) | (414) | (372) | 97 | (56) |
Comprehensive Income ($ in thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | (774) | (468) | (592) | (465) | 23 | (61) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (774) | (468) | (592) | (465) | 23 | (61) |
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.