Fullnet Communications Inc (FULO) financial statements (2021 and earlier)

Company profile

Business Address 201 ROBERT S KERR AVENUE
OKLAHOMA CITY, OK 73102
State of Incorp. OK
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,40861124529201615
Cash and cash equivalents1,40861124529201615
Receivables311597612
Prepaid expense2020316   
Other undisclosed current assets    339
Total current assets:1,45863228144302536
Noncurrent Assets
Property, plant and equipment635851397796109
Intangible assets, net (including goodwill)26181322   
Goodwill26181322   
Other noncurrent assets    3179
Other undisclosed noncurrent assets854619129   
Total noncurrent assets:9436956591108103118
TOTAL ASSETS:2,4011,327346135138128154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities607475553647135202215
Accounts payable5071837135202215
Accrued liabilities557468534610   
Debt  75474747
Due to related parties  48   
Deferred revenue and credits 369356355
Other liabilities777509443398   
Other undisclosed current liabilities113104  582543487
Total current liabilities:1,4971,0871,0071,0591,1331,1471,104
Noncurrent Liabilities
Long-term debt and lease obligation, including:402515 149183215305
Long-term debt, excluding current maturities    136168199
Operating lease, liability402515
Other undisclosed long-term debt and lease obligation   1494747106
Liabilities, other than long-term debt  2128   
Due to related parties  2128   
Other undisclosed noncurrent liabilities(402)(463)5245(47)(47)(106)
Total noncurrent liabilities:40256773222136168199
Total liabilities:1,8991,6541,0801,2801,2691,3151,303
Stockholders' equity
Stockholders' equity attributable to parent, including:502(326)(733)(1,145)(1,131)(1,187)(1,148)
Preferred stock354555639619   
Common stock0000   
Additional paid in capital9,0658,9408,7668,6418,6558,6418,769
Accumulated other comprehensive loss(8,916)(9,821)(10,138)(10,405)   
Accumulated deficit    (10,378)(10,372)(10,318)
Warrants and rights outstanding    250250 
Other undisclosed stockholders' equity attributable to parent    342295401
Total stockholders' equity:502(326)(733)(1,145)(1,131)(1,187)(1,148)
TOTAL LIABILITIES AND EQUITY:2,4011,327346135138128154

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,5022,4212,0701,8901,9471,8781,754
Revenue, net1,890607290
Cost of revenue(1)  (0)(274)(303)(461)
Cost of goods and services sold      (99)
Provision for loan, lease, and other losses(1)  
Financial services costs(0)   
Other cost of operating revenue    (274)(303)(362)
Gross profit:3,5012,4212,0701,8891,6731,5751,293
Operating expenses(2,772)(2,219)(2,085)(1,811)(1,938)(1,917)(3,295)
Other undisclosed operating income1  02743031,849
Operating income (loss):730202(15)799(38)(152)
Nonoperating income (expense)3116114(2)   
Investment income, nonoperating  (2)(2)   
Other nonoperating income3116116    
Interest and debt expense (0)  151616
Income (loss) from continuing operations before income taxes:7333181007724(22)(136)
Income tax benefit339      
Income (loss) from continuing operations:1,0723181007724(22)(136)
Loss from discontinued operations (1)(66)(104)   
Income (loss) before gain (loss) on sale of properties:1,07231734(27)24(22)(136)
Other undisclosed net income  233    
Net income (loss):1,072317267(27)24(22)(136)
Other undisclosed net loss attributable to parent    (30)(32)(31)
Net income (loss) attributable to parent:1,072317267(27)(6)(54)(168)
Preferred stock dividends and other adjustments(60)(82)(20)(27)   
Other undisclosed net loss available to common stockholders, basic    (47)(54)(61)
Net income (loss) available to common stockholders, diluted:1,013236247(54)(53)(108)(228)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,072317267(27)24(22)(136)
Comprehensive income (loss), net of tax, attributable to parent:1,072317267(27)24(22)(136)

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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