SMG Industries, Inc. (SMGI) financial statements (2021 and earlier)

Company profile

Business Address 710 N. POST OAK ROAD
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 302866149604,797
Cash and cash equivalents 302866149604,797
Receivables 1,244704441   
Inventory, net of allowances, customer advances and progress billings 130141142   
Inventory 130141142   
Assets held-for-sale, not part of disposal group  4242  
Other undisclosed current assets 3009725   
Total current assets: 1,7049857376149604,797
Noncurrent Assets
Operating lease, right-of-use asset 266
Property, plant and equipment  1,998119   
Intangible assets, net (including goodwill) 131515    
Goodwill  186    
Intangible assets, net (excluding goodwill) 131330    
Other noncurrent assets 2028    
Other undisclosed noncurrent assets 4,310     
Total noncurrent assets: 4,7272,541119   
Other undisclosed assets    194326
TOTAL ASSETS: 6,4313,5268556331,0034,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,7211,1764658173189
Accounts payable 2,129969395   
Accrued liabilities 59220870413636
Employee-related liabilities      25
Taxes payable    3835120
Other undisclosed accounts payable and accrued liabilities    228
Deferred revenue 36
Debt 3,0101,107619   
Due to related parties 08496   
Other undisclosed current liabilities  40    
Total current liabilities: 5,7672,4071,1798173189
Noncurrent Liabilities
Long-term debt and lease obligation 1,3251,008258   
Long-term debt, excluding current maturities 1,136968258   
Finance lease, liability 24
Capital lease obligations41    
Operating lease, liability 165
Liabilities, other than long-term debt  47    
Due to related parties  47    
Other undisclosed noncurrent liabilities 261162    
Total noncurrent liabilities: 1,5861,217258   
Total liabilities: 7,3533,6241,4388173189
Stockholders' equity
Stockholders' equity attributable to parent, including: (921)(98)(582)5539304,633
Common stock 15129222
Treasury stock, value    (195)(195) 
Additional paid in capital 4,7561,568(57)7,2797,27110,318
Accumulated deficit (5,693)(1,677)(534)(6,534)(6,148)(5,687)
Other undisclosed stockholders' equity attributable to parent 0     
Total stockholders' equity: (921)(98)(582)5539304,633
TOTAL LIABILITIES AND EQUITY: 6,4313,5268556331,0034,823

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 6,4744,4222,466  21,084
Revenue, net2,466  21,084
Cost of revenue (5,532)(2,769)(1,446)  (15,262)
Cost of goods and services sold      (15,262)
Gross profit: 9431,6531,020  5,822
Operating expenses (3,979)(2,496)(1,603)(387)(468)(1,052)
Operating income (loss): (3,036)(842)(583)(387)(468)4,770
Nonoperating income (expense) (948)  1718
Investment income, nonoperating    1718
Interest and debt expense (83)(301)(148)   
Income (loss) from continuing operations before income taxes: (4,067)(1,143)(731)(386)(461)4,789
Income tax expense     (164)(90)
Net income (loss): (4,067)(1,143)(731)(386)(625)4,699
Other undisclosed net income attributable to parent 83   16460
Net income (loss) attributable to parent: (3,984)(1,143)(731)(386)(461)4,759
Preferred stock dividends and other adjustments (31)     
Net income (loss) available to common stockholders, diluted: (4,015)(1,143)(731)(386)(461)4,759

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (4,067)(1,143)(731)(386)(625)4,699
Comprehensive income (loss), net of tax, attributable to parent: (4,067)(1,143)(731)(386)(625)4,699

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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