Financial Gravity Companies, Inc. (FGCO) financial statements (2021 and earlier)
Company profile
| Business Address |
12600 HILL COUNTRY BLVD., SUITE R-275 BEE CAVE, TX 78738 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| SIC | 6199 - Finance Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 431 | 483 | 36 | 32 | 444 | 133 | ||
| Cash and cash equivalents | 431 | 483 | 36 | 32 | 444 | 133 | ||
| Receivables | 135 | 115 | 147 | 18 | 114 | 83 | ||
| Prepaid expense | 26 | 65 | 32 | |||||
| Other undisclosed current assets | 307 | 498 | 12 | |||||
| Total current assets: | 874 | 1,096 | 195 | 76 | 623 | 248 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 178 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 60 | 82 | 140 | 138 | 128 | 141 | ||
| Intangible assets, net (including goodwill) | 8,528 | 8,672 | 1,148 | 1,144 | 1,194 | 1,187 | ||
| Goodwill | 8,475 | 8,475 | 1,095 | 1,095 | 1,095 | 1,095 | ||
| Intangible assets, net (excluding goodwill) | 53 | 197 | 53 | 49 | 99 | 92 | ||
| Other undisclosed noncurrent assets | 131 | 0 | 268 | 419 | 432 | 524 | ||
| Total noncurrent assets: | 8,897 | 8,754 | 1,556 | 1,701 | 1,754 | 1,852 | ||
| TOTAL ASSETS: | 9,771 | 9,850 | 1,751 | 1,777 | 2,377 | 2,100 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,185 | 1,175 | 322 | 238 | 174 | 230 | ||
| Accounts payable | 7 | 108 | 175 | 105 | 52 | 126 | ||
| Accrued liabilities | 1,178 | 1,067 | 147 | 133 | 123 | 104 | ||
| Deferred revenue | 64 | 76 | 95 | ✕ | ✕ | ✕ | ||
| Debt | 79 | 24 | 13 | 356 | 166 | 93 | ||
| Deferred rent credit | 117 | ✕ | ✕ | |||||
| Due to related parties | 66 | 70 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 96 | 33 | ||
| Other undisclosed current liabilities | 17 | 314 | 64 | 60 | 20 | |||
| Total current liabilities: | 1,528 | 1,659 | 494 | 654 | 436 | 376 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 935 | |||||||
| Long-term debt, excluding current maturities | 705 | |||||||
| Operating lease, liability | 229 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | (229) | |||||||
| Total noncurrent liabilities: | 935 | |||||||
| Total liabilities: | 2,463 | 1,659 | 494 | 654 | 436 | 376 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 7,308 | 7,478 | 1,234 | 446 | 1,660 | 1,724 | ||
| Common stock | 84 | 84 | 41 | 36 | 36 | 35 | ||
| Additional paid in capital | 14,410 | 14,385 | 7,392 | 5,986 | 5,680 | 4,769 | ||
| Accumulated deficit | (7,185) | (6,991) | (6,199) | (5,576) | (4,055) | (3,079) | ||
| Total stockholders' equity: | 7,308 | 7,478 | 1,234 | 446 | 1,660 | 1,724 | ||
| Other undisclosed liabilities and equity | 0 | 713 | 24 | 676 | 281 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,771 | 9,850 | 1,751 | 1,777 | 2,377 | 2,100 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 6,039 | 3,687 | 4,075 | 3,887 | 3,530 | 2,757 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,201 | 1,767 | |
| Cost of revenue | (97) | (73) | (55) | (86) | (73) | (75) | |
| Cost of goods and services sold | (32) | (73) | (75) | ||||
| Other undisclosed gross profit | 64 | 73 | |||||
| Gross profit: | 6,007 | 3,687 | 4,020 | 3,801 | 3,457 | 2,682 | |
| Operating expenses | (5,654) | (4,599) | (4,553) | (5,301) | (4,455) | (4,884) | |
| Other undisclosed operating income (loss) | (1,297) | 55 | 86 | 73 | 75 | ||
| Operating loss: | (944) | (912) | (478) | (1,414) | (924) | (2,127) | |
| Nonoperating income (expense) | (3) | 120 | (146) | (107) | (52) | (8) | |
| Other nonoperating income (expense) | (6) | 120 | (52) | (8) | |||
| Interest and debt expense | (3) | (146) | (107) | (52) | (8) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 120 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (830) | (792) | (769) | (1,628) | (1,027) | (2,144) | |
| Other undisclosed income from continuing operations before income taxes | 1 | ||||||
| Loss from continuing operations before income taxes: | (829) | (792) | (769) | (1,628) | (1,027) | (2,144) | |
| Income tax expense | (5) | ||||||
| Net loss: | (834) | (792) | (769) | (1,628) | (1,027) | (2,144) | |
| Other undisclosed net income (loss) attributable to parent | (147) | (0) | 146 | 107 | 52 | 8 | |
| Net loss available to common stockholders, diluted: | (982) | (792) | (623) | (1,521) | (976) | (2,135) | |
Comprehensive Income ($ in thousands)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (834) | (792) | (769) | (1,628) | (1,027) | (2,144) | |
| Comprehensive loss, net of tax, attributable to parent: | (834) | (792) | (769) | (1,628) | (1,027) | (2,144) | |
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.