TPT GLOBAL TECH, INC. (TPTW) Financial Statements (2024 and earlier)
Company Profile
Business Address |
501 W. BROADWAY, SUITE 800 SAN DIEGO, CA 92101 |
State of Incorp. | FL |
Fiscal Year End | December 31 |
Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 88 | 518 | 19 | 192 | 32 | |||
Cash and cash equivalents | 88 | 518 | 19 | 192 | 32 | |||
Receivables | 194 | 102 | 165 | 380 | 49 | |||
Other undisclosed current assets | 703 | 122 | 180 | 49 | 36 | |||
Total current assets: | 985 | 742 | 364 | 621 | 117 | |||
Noncurrent Assets | ||||||||
Operating lease, right-of-use asset | 4,260 | 4,732 | 3,886 | ✕ | ||||
Property, plant and equipment | 5 | 1,649 | 2,146 | 4,423 | 3,047 | |||
Intangible assets, net (including goodwill) | 3,761 | 5,483 | 6,419 | 7,596 | ||||
Goodwill | 105 | 768 | 1,050 | 924 | ||||
Intangible assets, net (excluding goodwill) | 3,656 | 4,715 | 5,369 | 6,672 | ||||
Deposits noncurrent assets | 64 | 265 | 111 | 104 | 62 | |||
Total noncurrent assets: | 69 | 9,935 | 12,472 | 14,833 | 10,705 | |||
TOTAL ASSETS: | 1,054 | 10,677 | 12,837 | 15,454 | 10,822 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities, including: | 10,451 | 7,189 | 7,866 | 6,544 | 4,688 | |||
Interest and dividends payable | ✕ | ✕ | 1,547 | 1,329 | 793 | 306 | ||
Taxes payable | ✕ | ✕ | 643 | 641 | 633 | 629 | ||
Accounts payable | 5,342 | 4,788 | 3,965 | 3,343 | 3,038 | |||
Accrued liabilities | 4,058 | 212 | 297 | 207 | 33 | |||
Other undisclosed accounts payable and accrued liabilities | 1,050 | 1,634 | 1,567 | 681 | ||||
Deferred revenue | 76 | 463 | 342 | 306 | ✕ | |||
Debt | 9,647 | 15,502 | 12,278 | 10,068 | ||||
Derivative instruments and hedges, liabilities | 4,822 | 4,043 | 5,265 | 8,837 | ||||
Due to related parties | ✕ | 6,436 | ||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 339 | ||
Other undisclosed current liabilities | 510 | 21,811 | 3,861 | 2,887 | 1,050 | |||
Total current liabilities: | 31,943 | 33,506 | 32,836 | 30,851 | 16,144 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 2,977 | 2,873 | 2,010 | 5 | ||||
Long-term debt, excluding current maturities | 5 | |||||||
Liabilities, other than long-term debt | 1,933 | |||||||
Operating lease, liability | 1,933 | 2,977 | 2,873 | 2,010 | ✕ | |||
Other undisclosed noncurrent liabilities | 144 | (2,758) | (2,029) | 1,389 | 599 | |||
Total noncurrent liabilities: | 2,077 | 3,195 | 3,717 | 3,399 | 604 | |||
Total liabilities: | 34,020 | 36,701 | 36,553 | 34,250 | 16,748 | |||
Temporary equity, carrying amount | 58,250 | 5,039 | 4,794 | |||||
Equity | ||||||||
Equity, attributable to parent, including: | (91,168) | (31,132) | (28,449) | (18,796) | (5,926) | |||
Common stock | 1,257 | 923 | 866 | 178 | 137 | |||
Common stock, value, subscriptions | 125 | 574 | 168 | |||||
Additional paid in capital | 13,967 | 12,861 | 11,463 | 13,280 | 12,568 | |||
Accumulated deficit | (106,419) | (44,922) | (40,903) | (32,831) | (18,803) | |||
Other undisclosed equity, attributable to parent | 27 | 6 | 4 | 4 | ||||
Equity, attributable to noncontrolling interest | (47) | 69 | (61) | |||||
Total equity: | (91,215) | (31,063) | (28,511) | (18,796) | (5,926) | |||
TOTAL LIABILITIES AND EQUITY: | 1,054 | 10,677 | 12,837 | 15,454 | 10,822 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Revenues | 7,837 | 10,030 | 11,094 | 10,212 | 937 | ||
Cost of revenue | (6,227) | (7,802) | (7,193) | (5,912) | (1,749) | ||
Cost of goods and services sold | (6,227) | (7,802) | (7,193) | (5,912) | (1,749) | ||
Gross profit: | 1,610 | 2,227 | 3,901 | 4,300 | (812) | ||
Operating expenses | (15,638) | (8,905) | (12,105) | (6,460) | (4,333) | ||
Operating loss: | (14,028) | (6,678) | (8,204) | (2,159) | (5,145) | ||
Nonoperating income (expense) | (7,722) | 2,582 | 85 | (11,869) | (233) | ||
Other nonoperating income (expense) | (7,722) | 2,582 | |||||
Interest and debt expense | 2,248 | (8,471) | 1,252 | (3,581) | (233) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 8,471 | ||||||
Loss from continuing operations before equity method investments, income taxes: | (19,502) | (4,096) | (6,867) | (17,609) | (5,610) | ||
Other undisclosed income (loss) from continuing operations before income taxes | (2,248) | (1,252) | 3,581 | 233 | |||
Loss from continuing operations before income taxes: | (21,750) | (4,096) | (8,119) | (14,028) | (5,377) | ||
Income tax benefit | 1,705 | 2,884 | 1,045 | ||||
Loss from continuing operations: | (21,750) | (4,096) | (6,414) | (11,144) | (4,332) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (4,096) | (6,414) | (11,144) | (4,332) | |
Income from discontinued operations | |||||||
Other undisclosed net loss | (1,658) | ||||||
Net loss: | (21,750) | (4,096) | (8,072) | (11,144) | (4,332) | ||
Net loss attributable to noncontrolling interest | (120) | (77) | (47) | ||||
Other undisclosed net income (loss) attributable to parent | 120 | 77 | (2,884) | (1,045) | |||
Net loss available to common stockholders, diluted: | (21,750) | (4,096) | (8,119) | (14,028) | (5,377) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
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Net loss: | (21,750) | (4,096) | (8,072) | (11,144) | (4,332) | ||
Comprehensive loss: | (21,750) | (4,096) | (8,072) | (11,144) | (4,332) | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (120) | (77) | (47) | ||||
Comprehensive loss, net of tax, attributable to parent: | (21,870) | (4,172) | (8,119) | (11,144) | (4,332) |
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.