SMG Industries Inc. (SMGI) Financial Statements (2026 and earlier)

Company Profile

Business Address 20475 STATE HWY 249
HOUSTON, TX 77070
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2103141273951,6672,367
Cash and cash equivalent2103141273951,6672,367
Receivables13,21912,56612,18611,65711,73012,573
Inventory, net of allowances, customer advances and progress billings      
Inventory      
Disposal group, including discontinued operation   171717
Other undisclosed current assets2,2633,2063,4144,6313,4273,226
Total current assets:15,69216,08515,72716,70116,84118,183
Noncurrent Assets
Operating lease, right-of-use asset5046157358519663,199
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization4,2874,9515,4156,7128,2039,712
Intangible asset, including goodwill, after accumulated amortization      
Goodwill      
Intangible asset, excluding goodwill, after accumulated amortization      
Disposal group, including discontinued operation, noncurrent assets    222
Other noncurrent assets110228305355435935
Total noncurrent assets:4,9015,7946,4557,9199,60513,847
TOTAL ASSETS:20,59321,87922,18224,62026,44632,030
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8575,3354,9348,2977,4464,653
Interest and dividends payable✕✕✕✕397548460
Taxes payable✕✕✕✕550495395
Employee-related liabilities✕✕✕✕1,2931,3861,414
Accounts payable  3,5013,0153,7652,5662,302
Accrued liabilities1,8571,8341,9192,2922,45182
Deferred revenue   128   
Debt21,65720,56120,08018,46915,50616,722
Disposal group, including discontinued operation181186201414436495
Due to related parties✕✕853566239189141
Other undisclosed current liabilities15,76910,9888,9102,9104,1956,131
Total current liabilities:39,46337,92334,81830,33027,77128,143
Noncurrent Liabilities
Long-term debt and lease obligation11,46912,50813,30715,70919,21621,309
Long-term debt, excluding current maturities11,46912,50813,30715,31618,70718,850
Liabilities, other than long-term debt401459579310319358
Disposal group, including discontinued operation, liabilities279289301310319358
Operating lease, liability1221692783935092,459
Other undisclosed noncurrent liabilities 513492 3,0491,5161,592
Total noncurrent liabilities:12,38313,45913,88619,06921,05123,259
Total liabilities:51,84751,38248,70449,39948,82251,401
Equity
Equity, attributable to parent, including:(31,254)(29,503)(26,522)(24,778)(22,376)(19,371)
Common stock494939393535
Additional paid in capital15,14215,13218,08118,06617,27317,258
Accumulated deficit(46,445)(44,683)(44,643)(42,884)(39,684)(36,664)
Other undisclosed equity, attributable to parent      
Total equity:(31,254)(29,503)(26,522)(24,778)(22,376)(19,371)
TOTAL LIABILITIES AND EQUITY:20,59321,87922,18224,62026,44632,030

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues21,78720,87017,43219,33118,07716,181
Cost of revenue(18,861)(18,240)(15,554)(18,070)(16,936)(14,725)
Gross profit:2,9262,6291,8781,2611,1411,456