Galem Group Inc. (GALM) financial statements (2020 and earlier)

Company profile

Business Address 3773 HOWARD HUGHES PKWY STE 500S
LAS VEGAS, NV 89169
State of Incorp. NV
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 01038
Cash and cash equivalents 01038
Other current assets 10  
Other undisclosed current assets (7)  
Total current assets: 41038
Noncurrent Assets
Property, plant and equipment 475
Other undisclosed noncurrent assets 10  
Total noncurrent assets: 1475
TOTAL ASSETS: 181743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 27  
Accounts payable 0  
Employee-related liabilities 26  
Total current liabilities: 27  
Noncurrent Liabilities
Liabilities, other than long-term debt  106
Due to related parties  106
Other undisclosed noncurrent liabilities 27  
Total noncurrent liabilities: 27106
Other undisclosed liabilities (39)  
Total liabilities: 14106
Stockholders' equity
Stockholders' equity attributable to parent, including: (12)837
Common stock  44
Additional paid in capital 282828
Retained earnings (accumulated deficit) (45)(25)5
Other undisclosed stockholders' equity attributable to parent 4  
Other undisclosed stockholders' equity (14)  
Total stockholders' equity: (27)837
TOTAL LIABILITIES AND EQUITY: (12)1743

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
Revenues
(Revenue, Net)
  1121
Cost of revenue
(Cost of Goods and Services Sold)
  (3)(4)
Gross profit:  817
Operating expenses (24)(37)(11)
Other undisclosed operating income 4  
Operating income (loss): (20)(30)6
Income (loss) from continuing operations before equity method investments, income taxes: (20)(30)6
Loss from equity method investments (20)  
Net income (loss): (40)(30)6
Other undisclosed net income attributable to parent 20  
Net income (loss) available to common stockholders, diluted: (20)(30)6

Comprehensive Income ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
Net income (loss): (40)(30)6
Comprehensive income (loss), net of tax, attributable to parent: (40)(30)6

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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