SoOum, Corp. (SOUM) Financial Statements (2024 and earlier)

Company Profile

Business Address 590 MADISON AVENUE
NEW YORK, NY 10022
State of Incorp. MN
Fiscal Year End December 31
Industry (SIC) 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  469122,9217,1027834
Cash and cash equivalents  469122,9217,1027834
Receivables  19,354239,408   
Prepaid expense13,26815,419    
Other undisclosed current assets   29,329   
Total current assets:13,26835,242391,6587,1027834
Noncurrent Assets
Property, plant and equipment   384,590   
Intangible assets, net (including goodwill)   3,070,197   
Goodwill   2,537,697   
Intangible assets, net (excluding goodwill)   532,500   
Total noncurrent assets:   3,454,787   
Other undisclosed assets    10,0005,516 
TOTAL ASSETS:13,26835,2423,846,44517,1025,523834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,403,6764,316,3284,678,451   
Accounts payable1,283,3231,283,3231,633,811   
Accrued liabilities3,120,3533,033,0053,044,640   
Debt1,019,483922,8721,961,064   
Derivative instruments and hedges, liabilities1,242,0801,445,700641,271   
Due to related parties1,258,1871,258,1871,397,265   
Customer advances and deposits   3,905   
Other undisclosed current liabilities1,170,2881,147,2031,185,160   
Total current liabilities:9,093,7149,090,2909,867,116   
Noncurrent Liabilities
Long-term debt and lease obligation   78,808   
Long-term debt, excluding current maturities   78,808   
Total noncurrent liabilities:   78,808   
Other undisclosed liabilities    1,223,098969,4404,390,426
Total liabilities:9,093,7149,090,2909,945,9241,223,098969,4404,390,426
Equity
Equity, attributable to parent, including:(9,080,446)(9,055,048)(6,099,479)(1,205,996)(963,917)(4,389,592)
Preferred stock2,500 2,500   
Common stock158,425158,425106,27010,6826,8826,079
Additional paid in capital14,694,72314,694,72314,445,5107,850,2917,745,3737,743,891
Accumulated deficit(23,937,173)(23,911,775)(20,654,838)(9,070,548)(8,719,751)(12,143,141)
Other undisclosed equity, attributable to parent1,0793,5791,0793,5793,5793,579
Total equity:(9,080,446)(9,055,048)(6,099,479)(1,205,996)(963,917)(4,389,592)
TOTAL LIABILITIES AND EQUITY:13,26835,2423,846,44517,1025,523834

Income Statement (P&L) (USD)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Revenues  19,354(3,756)6694272,660
Revenue, net  19,354 6694272,660
Cost of revenue
(Cost of Goods and Services Sold)
  (14,315) (498)(312)(125)
Gross profit:  5,039 1711152,535
Operating expenses(114,341)(402,435) (706,376)(60,449)(108,660)
Operating loss:(114,341)(397,396) (706,205)(60,334)(106,125)
Nonoperating income (expense)  (1,189,312) 355,4083,483,7243,073,814
Interest and debt expense(114,677)(390,254) (540,833)(2,218)(53,154)
Income (loss) from continuing operations before equity method investments, income taxes:(229,018)(1,976,962) (891,630)3,421,1722,914,535
Other undisclosed income from continuing operations before income taxes    540,8332,21853,154
Income (loss) from continuing operations:(229,018)(1,976,962) (350,797)3,423,3902,967,689
Income (loss) before gain (loss) on sale of properties:(254,416)(3,563,670) (350,797)3,423,3902,967,689
Income (loss) from discontinued operations(25,398)(1,586,708)    
Other undisclosed net income229,0181,976,962    
Net income (loss):(25,398)(1,586,708) (350,797)3,423,3902,967,689
Other undisclosed net loss attributable to parent  (2,625,197)    
Net income (loss) available to common stockholders, diluted:(25,398)(4,211,905) (350,797)3,423,3902,967,689

Comprehensive Income (USD)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Net income (loss):(25,398)(1,586,708) (350,797)3,423,3902,967,689
Comprehensive income (loss), net of tax, attributable to parent:(25,398)(1,586,708) (350,797)3,423,3902,967,689

Statements Sources

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