Fullnet Communications Inc (FULO) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5772452920161530
Cash and cash equivalents5772452920161530
Receivables059761218
Prepaid expense41316    
Other undisclosed current assets   3399
Total current assets:6192814430253656
Noncurrent Assets
Property, plant and equipment505139779610945
Intangible assets, net (including goodwill)61322   
Goodwill61322    
Other noncurrent assets   317911
Other undisclosed noncurrent assets968129    
Total noncurrent assets:1,025659110810311856
TOTAL ASSETS:1,644346135138128154112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities562553647135202215127
Accounts payable101837135202215127
Accrued liabilities551534610    
Debt1437547474745
Due to related parties1148    
Deferred revenue and credits 369356355302
Other liabilities518443398    
Other undisclosed current liabilities   582543487411
Total current liabilities:1,2331,0071,0591,1331,1471,104885
Noncurrent Liabilities
Long-term debt and lease obligation, including:836 149183215305230
Long-term debt, excluding current maturities   136168199230
Operating lease, liability836
Other undisclosed long-term debt and lease obligation  1494747106 
Liabilities, other than long-term debt 2128    
Due to related parties 2128    
Other undisclosed noncurrent liabilities525245(47)(47)(106) 
Total noncurrent liabilities:88873222136168199230
Total liabilities:2,1211,0801,2801,2691,3151,3031,115
Stockholders' equity
Stockholders' equity attributable to parent, including:(477)(733)(1,145)(1,131)(1,187)(1,148)(1,003)
Preferred stock649639619   672
Common stock000    
Additional paid in capital8,7968,7668,6418,6558,6418,7698,717
Accumulated other comprehensive loss(9,923)(10,138)(10,405)    
Accumulated deficit   (10,378)(10,372)(10,318)(10,151)
Warrants and rights outstanding   250250  
Other undisclosed stockholders' equity attributable to parent   342295401(242)
Total stockholders' equity:(477)(733)(1,145)(1,131)(1,187)(1,148)(1,003)
TOTAL LIABILITIES AND EQUITY:1,644346135138128154112

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,9682,0701,8901,9471,8781,7541,627
Revenue, net1,890607290113
Cost of revenue  (0)(274)(303)(461)(437)
Cost of goods and services sold     (99)(110)
Financial services costs(0)    
Other cost of operating revenue   (274)(303)(362)(327)
Gross profit:1,9682,0701,8891,6731,5751,2931,190
Operating expenses(2,175)(2,085)(1,811)(1,938)(1,917)(3,295)(3,117)
Other undisclosed operating income352 02743031,8491,769
Operating income (loss):147(15)799(38)(152)(158)
Nonoperating income (expense)219114(2)    
Investment income, nonoperating(0)(2)(2)    
Other nonoperating income104116     
Interest and debt expense   151616822
Income (loss) from continuing operations before income taxes:3671007724(22)(136)664
Other undisclosed loss from continuing operations(84)      
Income (loss) from continuing operations:2821007724(22)(136)664
Loss from discontinued operations(233)(66)(104)    
Income (loss) before gain (loss) on sale of properties:4934(27)24(22)(136)664
Other undisclosed net income233233     
Net income (loss):283267(27)24(22)(136)664
Other undisclosed net loss attributable to parent   (30)(32)(31)(440)
Net income (loss) attributable to parent:283267(27)(6)(54)(168)223
Preferred stock dividends and other adjustments(15)(20)(27)    
Other undisclosed net loss available to common stockholders, basic   (47)(54)(61)(67)
Net income (loss) available to common stockholders, diluted:268247(54)(53)(108)(228)156

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):283267(27)24(22)(136)664
Comprehensive income (loss), net of tax, attributable to parent:283267(27)24(22)(136)664

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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