Financial Gravity Companies, Inc. (FGCO) financial statements (2022 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)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3533064833632444
Cash and cash equivalents3533064833632444
Receivables  11514718114
Prepaid expense    2665
Deferred rent asset88     
Other undisclosed current assets43253649812  
Total current assets:8738421,09619576623
Noncurrent Assets
Operating lease, right-of-use asset151157  
Property, plant and equipment333982140138128
Intangible assets, net (including goodwill)3,2303,3128,6721,1481,1441,194
Goodwill3,1773,1778,4751,0951,0951,095
Intangible assets, net (excluding goodwill)53135197534999
Other undisclosed noncurrent assets65 0268419432
Total noncurrent assets:3,4793,5078,7541,5561,7011,754
TOTAL ASSETS:4,3524,3499,8501,7511,7772,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1671,1161,175322238174
Accounts payable303310817510552
Accrued liabilities1,1371,0831,067147133123
Deferred revenue113677695
Debt100982413356166
Deferred rent credit 91   
Due to related parties666670   
Deferred revenue and credits96
Other undisclosed current liabilities1551333146460 
Total current liabilities:1,6011,5711,659494654436
Noncurrent Liabilities
Long-term debt and lease obligation163626    
Long-term debt, excluding current maturities 433    
Operating lease, liability163193  
Other undisclosed noncurrent liabilities267(193)    
Total noncurrent liabilities:592626    
Other undisclosed liabilities(0)     
Total liabilities:2,1922,1981,659494654436
Stockholders' equity
Stockholders' equity attributable to parent2,1602,1527,4781,2344461,660
Common stock929284413636
Additional paid in capital16,55616,47414,3857,3925,9865,680
Accumulated deficit(14,489)(14,414)(6,991)(6,199)(5,576)(4,055)
Other undisclosed stockholders' equity attributable to parent(0)     
Other undisclosed stockholders' equity 0    
Total stockholders' equity:2,1602,1527,4781,2344461,660
Other undisclosed liabilities and equity  71324676281
TOTAL LIABILITIES AND EQUITY:4,3524,3499,8501,7511,7772,377

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues6,5616,6733,6874,0753,8873,530
Revenue, net2,201
Revenue from related parties4,9656,673   
Cost of revenue(71)(107)(73)(55)(86)(73)
Cost of goods and services sold     (73)
Other undisclosed gross profit23 73   
Gross profit:6,5136,5663,6874,0203,8013,457
Operating expenses(7,152)(7,375)(4,599)(4,553)(5,301)(4,455)
Other undisclosed operating income48107 558673
Operating loss:(591)(702)(912)(478)(1,414)(924)
Nonoperating income (expense)(6,722)(6,721)120(146)(107)(52)
Other nonoperating income (expense)659 120  (52)
Interest and debt expense(8)(9) (146)(107)(52)
Loss from continuing operations before equity method investments, income taxes:(7,321)(7,432)(792)(769)(1,628)(1,027)
Other undisclosed loss from continuing operations before income taxes(1)     
Loss from continuing operations before income taxes:(7,322)(7,432)(792)(769)(1,628)(1,027)
Income tax benefit138    
Loss before gain (loss) on sale of properties:(7,309)(7,425)(792)(769)(1,628)(1,027)
Other undisclosed net income22    
Net loss:(7,307)(7,423)(792)(769)(1,628)(1,027)
Other undisclosed net income (loss) attributable to parent0 (0)14610752
Net loss available to common stockholders, diluted:(7,307)(7,423)(792)(623)(1,521)(976)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net loss:(7,307)(7,423)(792)(769)(1,628)(1,027)
Comprehensive loss, net of tax, attributable to parent:(7,307)(7,423)(792)(769)(1,628)(1,027)

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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