Fullnet Communications Inc (FULO) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6551,408611245292016
Cash and cash equivalents2,6551,408611245292016
Receivables303115976
Prepaid expense252020316  
Other undisclosed current assets     33
Total current assets:2,7101,458632281443025
Noncurrent Assets
Property, plant and equipment59635851397796
Intangible assets, net (including goodwill)2126181322  
Goodwill2126181322  
Other noncurrent assets     317
Other undisclosed noncurrent assets440854619129  
Total noncurrent assets:5199436956591108103
TOTAL ASSETS:3,2302,4011,327346135138128
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities567607475553647135202
Accounts payable535071837135202
Accrued liabilities514557468534610  
Debt   754747
Due to related parties   48  
Deferred revenue and credits 369356
Other liabilities905777509443398  
Other undisclosed current liabilities123113104  582543
Total current liabilities:1,5961,4971,0871,0071,0591,1331,147
Noncurrent Liabilities
Long-term debt and lease obligation, including:279402515 149183215
Long-term debt, excluding current maturities     136168
Operating lease, liability279402515
Other undisclosed long-term debt and lease obligation    1494747
Liabilities, other than long-term debt   2128  
Due to related parties   2128  
Other undisclosed noncurrent liabilities(279)(402)(463)5245(47)(47)
Total noncurrent liabilities:27940256773222136168
Total liabilities:1,8751,8991,6541,0801,2801,2691,315
Stockholders' equity
Stockholders' equity attributable to parent, including:1,355502(326)(733)(1,145)(1,131)(1,187)
Preferred stock357354555639619  
Common stock00000  
Additional paid in capital9,0729,0658,9408,7668,6418,6558,641
Accumulated other comprehensive loss(8,074)(8,916)(9,821)(10,138)(10,405)  
Accumulated deficit     (10,378)(10,372)
Warrants and rights outstanding     250250
Other undisclosed stockholders' equity attributable to parent     342295
Total stockholders' equity:1,355502(326)(733)(1,145)(1,131)(1,187)
TOTAL LIABILITIES AND EQUITY:3,2302,4011,327346135138128

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,1363,5022,4212,0701,8901,9471,878
Revenue, net1,8906072
Cost of revenue(1)(1)  (0)(274)(303)
Provision for loan, lease, and other losses(1)(1)  
Financial services costs(0)  
Other cost of operating revenue     (274)(303)
Other undisclosed gross profit(740)      
Gross profit:3,3943,5012,4212,0701,8891,6731,575
Operating expenses(2,221)(2,772)(2,219)(2,085)(1,811)(1,938)(1,917)
Other undisclosed operating income 1  0274303
Operating income (loss):1,173730202(15)799(38)
Nonoperating income (expense)213116114(2)  
Investment income, nonoperating   (2)(2)  
Other nonoperating income213116116   
Interest and debt expense  (0)  1516
Income (loss) from continuing operations before income taxes:1,1947333181007724(22)
Income tax expense (benefit)(301)339     
Income (loss) from continuing operations:8931,0723181007724(22)
Loss from discontinued operations  (1)(66)(104)  
Income (loss) before gain (loss) on sale of properties:8931,07231734(27)24(22)
Other undisclosed net income   233   
Net income (loss):8931,072317267(27)24(22)
Other undisclosed net loss attributable to parent     (30)(32)
Net income (loss) attributable to parent:8931,072317267(27)(6)(54)
Preferred stock dividends and other adjustments(55)(60)(82)(20)(27)  
Other undisclosed net loss available to common stockholders, basic     (47)(54)
Net income (loss) available to common stockholders, diluted:8381,013236247(54)(53)(108)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):8931,072317267(27)24(22)
Comprehensive income (loss), net of tax, attributable to parent:8931,072317267(27)24(22)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: