ARC Group, Inc. (RLLY) financial statements (2021 and earlier)

Company profile

Business Address 13453 NORTH MAIN STREET
JACKSONVILLE, FL 32218
State of Incorp. NV
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2312561753455733238
Cash and cash equivalents2312561753455733238
Receivables6717747756884796174
Inventory, net of allowances, customer advances and progress billings1951801922111405252
Inventory1951801922111405252
Prepaid expense7362433544  
Deposits current assets    151721
Other current assets1610683713
Other undisclosed current assets11128111131214
Total current assets:1,1981,2941,2701,297750183411
Noncurrent Assets
Finance lease, right-of-use asset10,89611,04111,185
Operating lease, right-of-use asset3,5833,6653,744
Property, plant and equipment1,5241,2681,12212,53812,498344118
Long-term investments and receivables1123344
Accounts and financing receivable, after allowance for credit loss1123344
Intangible assets, net (including goodwill), including:784785786787845  
Intangible assets, net (excluding goodwill)784785 78734  
Other undisclosed intangible assets, net (including goodwill)  786 811  
Deposits noncurrent assets35454749   
Total noncurrent assets:16,82216,80516,88513,37613,346348122
TOTAL ASSETS:18,02118,10018,15514,67314,096531533
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1691,9201,5491,4791,318625391
Accounts payable312312312312   
Accrued liabilities  2402311017564
Interest and dividends payable76554229191514
Other undisclosed accounts payable and accrued liabilities1,7801,5539559061,198535313
Deferred revenue131313
Debt1,0521,035996723171  
Deferred compensation liability    312  
Estimated litigation liability170168166164162160158
Due to related parties770605783720524244
Business combination, contingent consideration, liability555555555556200
Deferred revenue and credits31
Contract with customer, liability14   
Other liabilities     1211
Other undisclosed current liabilities1,070978923928512389346
Total current liabilities:5,2994,7744,4854,0823,0551,2441,180
Noncurrent Liabilities
Long-term debt and lease obligation14,40714,53714,66411,21011,242  
Finance lease, liability11,05511,11111,162
Capital lease obligations11,21011,242  
Operating lease, liability3,3523,4273,502
Liabilities, other than long-term debt90454952  156
Deferred revenue and credits156
Deferred revenue904549
Contract with customer, liability52   
Other undisclosed noncurrent liabilities    124131 
Total noncurrent liabilities:14,49714,58214,71211,26211,366131156
Total liabilities:19,79619,35719,19715,34414,4211,3751,337
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,775)(1,257)(1,042)(670)(325)(843)(803)
Preferred stock  4444 
Common stock71717167656570
Common stock, value, subscriptions65357152912713
Additional paid in capital4,6364,5864,5374,4904,1914,0334,031
Accumulated deficit(6,551)(5,953)(5,662)(5,248)(4,876)(4,973)(4,917)
Other undisclosed stockholders' equity attributable to parent44     
Total stockholders' equity:(1,775)(1,257)(1,042)(670)(325)(843)(803)
TOTAL LIABILITIES AND EQUITY:18,02118,10018,15514,67314,096531533

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues4,0434,1894,5894,6322,4531,1691,247
Revenue, net1,247
Cost of revenue
(Cost of Goods and Services Sold)
(1,369)(1,347)    (60)
Gross profit:2,6742,8424,5894,6322,4531,1691,186
Operating expenses(4,465)(4,497)(4,846)(4,865)(2,917)(1,300)(1,198)
Other undisclosed operating income1,3691,347    60
Operating income (loss):(422)(308)(257)(232)(464)(131)48
Nonoperating income (expense)(176)16(157)(140)56175(1)
Investment income, nonoperating   (0)625 0
Other nonoperating income363746510815
Interest and debt expense(176)(177)(178)(93)(74)(5)(6)
Net income (loss):(774)(468)(592)(465)23(61)42
Other undisclosed net income attributable to parent176177178937456
Net income (loss) available to common stockholders, diluted:(598)(292)(414)(372)97(56)48

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):(774)(468)(592)(465)23(61)42
Comprehensive income (loss), net of tax, attributable to parent:(774)(468)(592)(465)23(61)42

Statements sources

The financial statements are based on the company's filings with the 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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