Galaxy Next Generation, Inc. (FLCR) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments373412169312017
Cash and cash equivalents373412169312017
Receivables1,232798262   
Inventory, net of allowances, customer advances and progress billings1,474738649  3
Inventory1,474738649  3
Prepaid expense4321   
Other current assets   1425 
Other undisclosed current assets     29
Total current assets:3,0821,9511,101454549
Noncurrent Assets
Operating lease, right-of-use asset213224
Property, plant and equipment6352274,3354,4685,256
Intangible assets, net (including goodwill), including:1,4331,436834   
Goodwill834834834   
Intangible assets, net (excluding goodwill)1,4331,436    
Other undisclosed intangible assets, net (including goodwill)(834)(834)    
Other undisclosed noncurrent assets834834  4011
Total noncurrent assets:2,5432,5478614,3354,5085,267
Other undisclosed assets   11  
TOTAL ASSETS:5,6254,4981,9624,3914,5525,316
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,5692,0521,28896747515
Accounts payable1,3721,68069125310190
Accrued liabilities197372597 1759
Taxes payable     148
Interest and dividends payable   502471268
Other undisclosed accounts payable and accrued liabilities   (660)  
Deferred revenue9731,134247
Debt4,4354,6361,7101,606564,478
Derivative instruments and hedges, liabilities3,7192471,026   
Due to related parties   1491,1591,082
Deferred revenue and credits  13
Other undisclosed current liabilities6008942,1257555530
Total current liabilities:11,2958,9636,3962,6062,0176,118
Noncurrent Liabilities
Long-term debt and lease obligation5071,03024,4894,320 
Long-term debt, excluding current maturities4191,03024,4894,320 
Finance lease, liability88 
Liabilities, other than long-term debt1,2252,075 18167 
Due to related parties1,2252,075 18167 
Other undisclosed noncurrent liabilities280170175 265256
Total noncurrent liabilities:2,0123,2761764,6714,652256
Total liabilities:13,30712,2386,5727,2776,6696,374
Stockholders' equity
Stockholders' equity attributable to parent, including:(7,683)(7,740)(4,610)(2,886)(2,117)(1,058)
Preferred stock00  00
Common stock239601192192186
Additional paid in capital36,47815,6974,8609,4059,4059,391
Accumulated deficit(44,400)(23,497)(9,471)(12,484)(11,714)(10,635)
Other undisclosed stockholders' equity attributable to parent   000
Total stockholders' equity:(7,683)(7,740)(4,610)(2,886)(2,117)(1,058)
TOTAL LIABILITIES AND EQUITY:5,6254,4981,9624,3914,5525,316

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

12/31/2020
TTM
6/30/2020
6/30/2019
12/31/2017
12/31/2016
12/31/2015
Revenues2,7952,3201,8821,1281,0871,142
Other operating income   (264)  
Cost of revenue(1,455)(1,136)(1,766)(435)(326)(363)
Gross profit:1,3411,184116693761779
Operating expenses(13,754)(10,929)(3,421)(1,267)(210)(713)
Other operating income (expense), net
(Other Expenses)
    836(354)
Other undisclosed operating income (loss)2,008 (2,417) (1,624)(55)
Operating loss:(10,405)(9,745)(5,723)(574)(237)(342)
Nonoperating expense(19,684)(4,281)(941)(304)  
Investment income, nonoperating   (304)  
Interest and debt expense(10,036)(5,114)(334)115349(354)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (48) 
Income (loss) from continuing operations before equity method investments, income taxes:(40,125)(19,140)(6,997)(763)63(696)
Other undisclosed income (loss) from continuing operations before income taxes10,0365,114334 (1,137) 
Loss from continuing operations before income taxes:(30,089)(14,026)(6,663)(763)(1,073)(696)
Income tax expense (benefit)   915(340) 
Income (loss) before gain (loss) on sale of properties:(30,089)(14,026)(6,663)151(1,414)(696)
Other undisclosed net loss   (915)  
Net loss:(30,089)(14,026)(6,663)(763)(1,414)(696)
Other undisclosed net income attributable to parent    340 
Net loss available to common stockholders, diluted:(30,089)(14,026)(6,663)(763)(1,073)(696)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
12/31/2017
12/31/2016
12/31/2015
Net loss:(30,089)(14,026)(6,663)(763)(1,414)(696)
Comprehensive loss, net of tax, attributable to parent:(30,089)(14,026)(6,663)(763)(1,414)(696)

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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