Galaxy Next Generation, Inc. (FLCR) financial statements (2020 and earlier)

Company profile

Business Address 285 BIG A ROAD
TOCCOA, GA 30577
State of Incorp.
Fiscal Year End June 30
SIC 783 - Motion Picture Theaters (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2451693120176
Cash and cash equivalents2451693120176
Receivables847262    
Inventory, net of allowances, customer advances and progress billings419649  33
Inventory419649  33
Prepaid expense2621   1
Other current assets  1425  
Other undisclosed current assets    2929
Total current assets:1,5371,10145454938
Noncurrent Assets
Operating lease, right-of-use asset124
Property, plant and equipment85274,3354,4685,2565,664
Intangible assets, net (including goodwill)4,327834    
Goodwill1,635834    
Intangible assets, net (excluding goodwill)2,692     
Other undisclosed noncurrent assets   401111
Total noncurrent assets:4,5368614,3354,5085,2675,675
Other undisclosed assets  11   
TOTAL ASSETS:6,0731,9624,3914,5525,3165,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,9841,28896747515520
Accounts payable1,7266912531019080
Accrued liabilities259597 17596
Taxes payable    148267
Interest and dividends payable  502471268167
Other undisclosed accounts payable and accrued liabilities  (660)   
Deferred revenue586247
Debt2,9541,7101,606564,478313
Derivative instruments and hedges, liabilities6711,026    
Due to related parties  1491,1591,082836
Deferred revenue and credits  13 
Other undisclosed current liabilities1,1292,125755553043
Total current liabilities:7,3246,3962,6062,0176,1181,712
Noncurrent Liabilities
Long-term debt and lease obligation7124,4894,320 4,267
Long-term debt, excluding current maturities7124,4894,320 4,267
Liabilities, other than long-term debt1,584 18167  
Accounts payable and accrued liabilities134     
Due to related parties1,450 18167  
Other undisclosed noncurrent liabilities 175 265256348
Total noncurrent liabilities:1,6551764,6714,6522564,616
Total liabilities:8,9796,5727,2776,6696,3746,327
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,906)(4,610)(2,886)(2,117)(1,058)(614)
Preferred stock0  000
Common stock21192192186144
Additional paid in capital11,4024,8609,4059,4059,3919,175
Accumulated deficit(14,310)(9,471)(12,484)(11,714)(10,635)(9,933)
Other undisclosed stockholders' equity attributable to parent  0000
Total stockholders' equity:(2,906)(4,610)(2,886)(2,117)(1,058)(614)
TOTAL LIABILITIES AND EQUITY:6,0731,9624,3914,5525,3165,714

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

12/31/2019
TTM
6/30/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8311,8821,1281,0871,1421,498
Other operating income  (264)   
Cost of revenue(2,187)(1,766)(435)(326)(363)(589)
Cost of goods and services sold     (589)
Gross profit:(356)116693761779909
Operating expenses(626)(3,421)(1,267)(210)(713)(958)
Other operating income (expense), net
(Other Expenses)
   836(354)342
Other undisclosed operating loss(6,842)(2,417) (1,624)(55)(604)
Operating loss:(7,824)(5,723)(574)(237)(342)(311)
Nonoperating expense(2,603)(941)(304)   
Investment income, nonoperating  (304)   
Interest and debt expense(2,304)(334)115349(354)342
Other undisclosed loss from continuing operations before equity method investments, income taxes   (48) (685)
Income (loss) from continuing operations before equity method investments, income taxes:(12,731)(6,997)(763)63(696)(653)
Other undisclosed income (loss) from continuing operations before income taxes2,304334 (1,137)  
Loss from continuing operations before income taxes:(10,427)(6,663)(763)(1,073)(696)(653)
Income tax expense (benefit)  915(340)  
Income (loss) before gain (loss) on sale of properties:(10,427)(6,663)151(1,414)(696)(653)
Other undisclosed net loss  (915)   
Net loss:(10,427)(6,663)(763)(1,414)(696)(653)
Other undisclosed net income attributable to parent   340  
Net loss available to common stockholders, diluted:(10,427)(6,663)(763)(1,073)(696)(653)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(10,427)(6,663)(763)(1,414)(696)(653)
Comprehensive loss, net of tax, attributable to parent:(10,427)(6,663)(763)(1,414)(696)(653)

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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