Summit Financial Services Group Inc (SFNS) financial statements (2022 and earlier)

Company profile

Business Address 595 SOUTH FEDERAL HIGHWAY
BOCA RATON, FL 33432
State of Incorp. FL
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,0877,967
Cash and cash equivalents12,0877,967
Total current assets:12,0877,967
Noncurrent Assets
Property, plant and equipment402412
Intangible assets, net (including goodwill)501501
Goodwill501501
Total noncurrent assets:902913
Other undisclosed assets4,1363,877
TOTAL ASSETS:17,12512,757
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,0354,691
Total liabilities:5,0354,691
Stockholders' equity
Stockholders' equity attributable to parent, including:12,0918,065
Common stock22
Treasury stock, value(11)(11)
Additional paid in capital9,5938,499
Retained earnings3,7721,242
Unearned esop shares(1,265)(1,667)
Other undisclosed stockholders' equity attributable to parent 0
Total stockholders' equity:12,0918,065
TOTAL LIABILITIES AND EQUITY:17,12512,757

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

12/31/2013
12/31/2012
Revenues87,61973,237
Financial services revenue86,79972,238
Cost of revenue(70,473)(59,081)
Cost of goods and services sold(69,237)(58,137)
Gross profit:17,14614,156
Operating expenses(83,422)(69,908)
Operating loss:(66,276)(55,753)
Other undisclosed income from continuing operations before equity method investments, income taxes70,47359,081
Income from continuing operations before income taxes:4,1973,328
Income tax expense(1,648)(1,736)
Net income attributable to parent:2,5491,592
Preferred stock dividends and other adjustments(37)(30)
Other undisclosed net income available to common stockholders, basic1815
Net income available to common stockholders, diluted:2,5301,577

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net income:2,5491,592
Comprehensive income, net of tax, attributable to parent:2,5491,592

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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