SMG Industries Inc. (SMGI) financial statements (2022 and earlier)

Company profile

Business Address 710 N. POST OAK ROAD
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 47 - Transportation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2251353264347553585
Cash and cash equivalents2251353264347553585
Receivables11,2709,2796,3254,9216,1886,0129,708
Inventory, net of allowances, customer advances and progress billings    125192173
Inventory    125192173
Disposal group, including discontinued operation1717139438   
Other undisclosed current assets3,7092,8322,0722,1251,8071,9241,691
Total current assets:15,22112,1298,8897,7488,4678,68012,157
Noncurrent Assets
Operating lease, right-of-use asset3,3103,4821,1821,2711,5231,6251,721
Property, plant and equipment11,95313,16414,91216,33821,44121,60523,128
Intangible assets, net (including goodwill)    124126129
Intangible assets, net (excluding goodwill)    124126129
Disposal group, including discontinued operation, noncurrent assets25871,5141,569   
Other noncurrent assets8411,017744500575681751
Total noncurrent assets:16,10618,25018,35319,67723,66324,03825,729
TOTAL ASSETS:31,32730,37927,24227,42532,13032,71837,886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,2656,6604,7444,7695,5254,8786,435
Accounts payable4,4913,7402,9403,1713,5412,9454,580
Accrued liabilities1616210157103264
Employee-related liabilities1,1059042144901,0447591,133
Taxes payable475326219146224157306
Interest and dividends payable1,0321,6281,360947709913152
Deferred revenue30303030303030
Debt17,34513,70013,39710,27610,89310,05412,179
Estimated litigation liability    1,041231 
Due to related parties276229111205   
Disposal group, including discontinued operation1,1021,5751,9432,243   
Other undisclosed current liabilities2,8852,7802,6871,3697876751,764
Total current liabilities:28,90224,97322,91218,89218,27615,86720,408
Noncurrent Liabilities
Long-term debt and lease obligation13,35315,64715,14415,92518,04418,05215,866
Long-term debt, excluding current maturities10,78512,88714,35015,07917,00616,81714,538
Finance lease, liability    141821
Operating lease, liability2,5682,7607948461,0241,2171,307
Liabilities, other than long-term debt1782951,0101,008   
Disposal group, including discontinued operation, liabilities1782951,0101,008   
Other undisclosed noncurrent liabilities3,4953,0192,6912,4176801,227695
Total noncurrent liabilities:17,02618,96118,84519,35119,74719,27816,561
Total liabilities:45,92843,93441,75738,24338,02335,14636,969
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,602)(13,555)(14,515)(10,818)(5,893)(2,428)917
Common stock26222019201717
Additional paid in capital15,06012,47411,17110,97810,6439,6179,614
Accumulated deficit(29,687)(26,050)(25,706)(21,816)(16,556)(12,062)(8,714)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:(14,602)(13,555)(14,515)(10,818)(5,893)(2,428)917
TOTAL LIABILITIES AND EQUITY:31,32730,37927,24227,42532,13032,71837,886

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues14,77312,2437,6024,6887,5628,4395,976
Cost of revenue(15,292)(12,955)(8,701)(4,733)(9,423)(9,311)(6,011)
Gross profit:(519)(712)(1,098)(45)(1,861)(871)(34)
Operating expenses(1,455)(1,617)(1,512)(2,723)(1,356)(1,271)(2,498)
Operating loss:(1,974)(2,329)(2,611)(2,768)(3,216)(2,143)(2,532)
Nonoperating income (expense)(1,955)1,910(1,198)(703)(1,180)(1,116)(447)
Interest and debt expense(2,060)(1,322)(1,249)2,933(14)(1,212)(447)
Loss before gain (loss) on sale of properties:(5,989)(1,741)(5,057)(538)(4,410)(4,471)(3,426)
Other undisclosed net income (loss)  1,249(2,839)   
Net loss:(5,989)(1,741)(3,809)(3,377)(4,410)(4,471)(3,426)
Other undisclosed net income (loss) attributable to parent2,3771,422(56)(1,858)141,212447
Net loss attributable to parent:(3,612)(320)(3,865)(5,235)(4,396)(3,259)(2,979)
Preferred stock dividends and other adjustments(25)(25)(25)(25)(98)(89)(42)
Net loss available to common stockholders, diluted:(3,637)(345)(3,890)(5,260)(4,494)(3,348)(3,021)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net loss:(5,989)(1,741)(3,809)(3,377)(4,410)(4,471)(3,426)
Comprehensive loss, net of tax, attributable to parent:(5,989)(1,741)(3,809)(3,377)(4,410)(4,471)(3,426)

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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