Galaxy Next Generation, Inc. (GAXY) financial statements (2022 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3555424121693120
Cash and cash equivalents3555424121693120
Receivables306866798262  
Inventory, net of allowances, customer advances and progress billings1,3803,268738649  
Inventory1,3803,268738649  
Prepaid expense 4321  
Other current assets4   1425
Total current assets:2,0444,6791,9511,1014545
Noncurrent Assets
Operating lease, right-of-use asset222208224
Property, plant and equipment3708752274,3354,468
Intangible assets, net (including goodwill), including:1,4711,5171,436834  
Goodwill834834834834  
Intangible assets, net (excluding goodwill)1,4711,5171,436   
Other undisclosed intangible assets, net (including goodwill)(834)(834)(834)   
Other undisclosed noncurrent assets834834834  40
Total noncurrent assets:2,8982,6462,5478614,3354,508
Other undisclosed assets    11 
TOTAL ASSETS:4,9427,3254,4981,9624,3914,552
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2241,0442,0521,28896747
Accounts payable6348301,680691253101
Accrued liabilities590214372597 175
Interest and dividends payable    502471
Other undisclosed accounts payable and accrued liabilities    (660) 
Deferred revenue1374541,134247
Debt2,4445,0154,6361,7101,60656
Derivative instruments and hedges, liabilities 1,8422471,026  
Due to related parties    1491,159
Other undisclosed current liabilities  8942,12575555
Total current liabilities:3,8058,3558,9636,3962,6062,017
Noncurrent Liabilities
Long-term debt and lease obligation775 1,03024,4894,320
Long-term debt, excluding current maturities775 1,03024,4894,320
Liabilities, other than long-term debt288 2,075 18167
Due to related parties288 2,075 18167
Other undisclosed noncurrent liabilities 405170175 265
Total noncurrent liabilities:1,0634053,2761764,6714,652
Total liabilities:4,8688,76012,2386,5727,2776,669
Stockholders' equity
Stockholders' equity attributable to parent, including:74(1,435)(7,740)(4,610)(2,886)(2,117)
Preferred stock 00  0
Common stock310281601192192
Additional paid in capital50,54446,21515,6974,8609,4059,405
Accumulated deficit(50,779)(47,931)(23,497)(9,471)(12,484)(11,714)
Other undisclosed stockholders' equity attributable to parent0   00
Total stockholders' equity:74(1,435)(7,740)(4,610)(2,886)(2,117)
TOTAL LIABILITIES AND EQUITY:4,9427,3254,4981,9624,3914,552

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
12/31/2017
12/31/2016
Revenues4,3853,7742,3201,8821,1281,087
Other operating income    (264) 
Cost of revenue(2,640)(2,077)(1,136)(1,766)(435)(326)
Gross profit:1,7451,6961,184116693761
Operating expenses(5,070)(7,869)(10,929)(3,421)(1,267)(210)
Other operating income, net
(Other Expenses)
     836
Other undisclosed operating loss   (2,417) (1,624)
Operating loss:(3,324)(6,172)(9,745)(5,723)(574)(237)
Nonoperating expense(3,055)(18,262)(4,281)(941)(304) 
Investment income, nonoperating    (304) 
Other nonoperating income4624576127  
Interest and debt expense5,951(311)(5,114)(334)115349
Other undisclosed loss from continuing operations before equity method investments, income taxes     (48)
Income (loss) from continuing operations before equity method investments, income taxes:(429)(24,745)(19,140)(6,997)(763)63
Other undisclosed income (loss) from continuing operations before income taxes(5,951)3115,114334 (1,137)
Loss from continuing operations before income taxes:(6,380)(24,434)(14,026)(6,663)(763)(1,073)
Income tax expense (benefit)    915(340)
Income (loss) before gain (loss) on sale of properties:(6,380)(24,434)(14,026)(6,663)151(1,414)
Other undisclosed net loss    (915) 
Net loss:(6,380)(24,434)(14,026)(6,663)(763)(1,414)
Other undisclosed net income attributable to parent     340
Net loss available to common stockholders, diluted:(6,380)(24,434)(14,026)(6,663)(763)(1,073)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
12/31/2017
12/31/2016
Net loss:(6,380)(24,434)(14,026)(6,663)(763)(1,414)
Comprehensive loss, net of tax, attributable to parent:(6,380)(24,434)(14,026)(6,663)(763)(1,414)

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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