Bright Mountain Media, Inc. (BMTM) financial statements (2022 and earlier)

Company profile

Business Address 6400 CONGRESS AVE.
BOCA RATON, FL 33487
State of Incorp. FL
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2787369571,042140163416
Cash and cash equivalents2787369571,042140163416
Receivables3,8366,4303,99756188015742
Inventory, net of allowances, customer advances and progress billings    6111,1271,054
Inventory    6111,1271,054
Prepaid expense20238624361114613395
Disposal group, including discontinued operation  2240   
Other current assets      15
Other undisclosed current assets39456857319   
Total current assets:4,7118,1205,7732,4741,7771,5801,622
Noncurrent Assets
Operating lease, right-of-use asset 73398
Property, plant and equipment70113315909951
Intangible assets, net (including goodwill)26,11227,29973,2581,2101,508967630
Goodwill19,64519,64553,647989446  
Intangible assets, net (excluding goodwill)6,4667,65419,6112211,061967630
Disposal group, including discontinued operation, noncurrent assets   60   
Other noncurrent assets26125436 4518416
Other undisclosed noncurrent assets3846709621,276300150 
Total noncurrent assets:26,82728,40974,6842,5521,9421,401697
TOTAL ASSETS:31,53836,52980,4575,0263,7192,9802,320
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,27013,14211,5871,1211,330671324
Accounts payable8,7609,5958,3586551,240654324
Accrued liabilities3,5103,5473,2284659011 
Interest and dividends payable   0 6 
Deferred revenue8093477
Debt 2,09255732281855452
Due to related parties981657    
Disposal group, including discontinued operation  1144   
Deferred revenue and credits10  
Other liabilities65      
Other undisclosed current liabilities5,851413 519  
Total current liabilities:19,97616,05812,1571,5922,1771,224376
Noncurrent Liabilities
Long-term debt and lease obligation 16,917198    
Long-term debt, excluding current maturities 16,917     
Operating lease, liability  198
Liabilities, other than long-term debt14,0044060712   
Deferred income tax liabilities  581
Due to related parties14,004402612   
Other undisclosed noncurrent liabilities    1,199186122
Total noncurrent liabilities:14,00416,956805121,199186122
Total liabilities:33,98133,01512,9631,6033,3751,410498
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,442)3,51567,4943,4223431,5701,821
Common stock1,4211,1821,002621462449359
Treasury stock, value(220)(220)    (3)
Additional paid in capital99,60796,42786,85719,77611,6869,9457,568
Accumulated other comprehensive loss(21)(23)     
Accumulated deficit(103,231)(93,932)(20,445)(17,043)(11,819)(8,825)(6,158)
Other undisclosed stockholders' equity attributable to parent180806815155
Total stockholders' equity:(2,442)3,51567,4943,4223431,5701,821
TOTAL LIABILITIES AND EQUITY:31,53836,52980,4575,0263,7192,9802,320

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15,03915,8396,9991,7363,6811,9341,692
Revenue, net3,6811,9341,692
Cost of revenue(7,441)(7,906)(5,942)(1,378)(2,576)(1,134)(1,148)
Cost of goods and services sold    (2,576)(1,134)(1,148)
Other undisclosed gross profit(0)(0)     
Gross profit:7,5997,9331,0573571,105800544
Operating expenses(79,918)(80,858)(8,001)(3,495)(3,694)(3,093)(2,214)
Operating loss:(72,320)(72,925)(6,944)(3,138)(2,588)(2,293)(1,670)
Nonoperating income (expense)53,519(357)132(994)(406)(374)(3)
Investment income, nonoperating  473100
Interest and debt expense(2,117)(59)(20)(579)(84)(11)(3)
Loss from continuing operations before equity method investments, income taxes:(20,919)(73,341)(6,833)(4,711)(3,078)(2,678)(1,676)
Other undisclosed income from continuing operations before income taxes2,1175920    
Loss from continuing operations before income taxes:(18,801)(73,282)(6,813)(4,711)(3,078)(2,678)(1,676)
Income tax benefit1365683,547    
Loss from continuing operations:(18,666)(72,714)(3,265)(4,711)(3,078)(2,678)(1,676)
Loss from discontinued operations  (137)(1,093)   
Net loss:(18,666)(72,714)(3,402)(5,803)(3,078)(2,678)(1,676)
Other undisclosed net income attributable to parent   57984113
Net loss attributable to parent:(18,666)(72,714)(3,402)(5,224)(2,994)(2,667)(1,673)
Preferred stock dividends and other adjustments(95)(363)(319)(112)(18)(281)(339)
Other undisclosed net loss available to common stockholders, basic(273)      
Net loss available to common stockholders, diluted:(19,034)(73,078)(3,721)(5,336)(3,012)(2,948)(2,012)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(18,666)(72,714)(3,402)(5,803)(3,078)(2,678)(1,676)
Other comprehensive loss(21)(23)     
Other undisclosed comprehensive loss(23)      
Comprehensive loss:(18,709)(72,737)(3,402)(5,803)(3,078)(2,678)(1,676)
Other undisclosed comprehensive loss, net of tax, attributable to parent(816)(363)     
Comprehensive loss, net of tax, attributable to parent:(19,525)(73,101)(3,402)(5,803)(3,078)(2,678)(1,676)

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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