Financial Gravity Companies, Inc. (FGCO) financial statements (2021 and earlier)

Company profile

Business Address 800 N. WATTERS ROAD, SUITE 120
ALLEN, TX 75013
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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4536324441330
Cash and cash equivalents4536324441330
Receivables1351471811483 
Prepaid expense  266532 
Other undisclosed current assets3912    
Total current assets:219195766232480
Noncurrent Assets
Operating lease, right-of-use asset300 
Property, plant and equipment136140138128141 
Intangible assets, net (including goodwill)1,1481,1481,1441,1941,187 
Goodwill1,0951,0951,0951,0951,095 
Intangible assets, net (excluding goodwill)5353499992 
Other undisclosed noncurrent assets250268419432524 
Total noncurrent assets:1,8341,5561,7011,7541,852 
TOTAL ASSETS:2,0531,7511,7772,3772,1000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:32632223817423061
Accounts payable22017510552126 
Accrued liabilities106147133123104 
Other undisclosed accounts payable and accrued liabilities     61
Deferred revenue6795
Debt9813356166931
Deferred revenue and credits9633 
Other undisclosed current liabilities626460 2027
Total current liabilities:55249465443637689
Noncurrent Liabilities
Long-term debt and lease obligation228     
Operating lease, liability228 
Other undisclosed noncurrent liabilities22     
Total noncurrent liabilities:249     
Total liabilities:80249465443637689
Stockholders' equity
Stockholders' equity attributable to parent1,2511,2344461,6601,724(89)
Common stock42413636350
Additional paid in capital7,4207,3925,9865,6804,769702
Accumulated deficit(6,211)(6,199)(5,576)(4,055)(3,079)(791)
Total stockholders' equity:1,2511,2344461,6601,724(89)
Other undisclosed liabilities and equity 24676281  
TOTAL LIABILITIES AND EQUITY:2,0531,7511,7772,3772,1000

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues3,7444,0753,8873,5302,757 
Revenue, net2,2011,767 
Cost of revenue(48)(55)(86)(73)(75) 
Cost of goods and services sold   (73)(75) 
Gross profit:3,6964,0203,8013,4572,682 
Operating expenses(3,885)(4,553)(5,301)(4,455)(4,884)(61)
Other undisclosed operating income4855867375 
Operating loss:(141)(478)(1,414)(924)(2,127)(61)
Nonoperating expense(2)(146)(107)(52)(8) 
Other nonoperating expense   (52)(8) 
Interest and debt expense(62)(146)(107)(52)(8) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(291)     
Net loss:(496)(769)(1,628)(1,027)(2,144)(61)
Other undisclosed net income attributable to parent293146107528 
Net loss available to common stockholders, diluted:(203)(623)(1,521)(976)(2,135)(61)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net loss:(496)(769)(1,628)(1,027)(2,144)(61)
Comprehensive loss, net of tax, attributable to parent:(496)(769)(1,628)(1,027)(2,144)(61)

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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