Global Diversified Marketing Group Inc. (GDMK) financial statements (2022 and earlier)

Company profile

Business Address 4042 AUSTIN BOULEVARD
ISLAND PARK, NY 11558
State of Incorp. DE
Fiscal Year End December 31
SIC 205 - Bakery Products (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments313632222
Cash and cash equivalents313632222
Receivables175135522
Inventory, net of allowances, customer advances and progress billings664351224453
Inventory664351224453
Prepaid expense523134 
Other current assets1114 
Other undisclosed current assets(0) (0)9
Total current assets:1,204590338486
Noncurrent Assets
Operating lease, right-of-use asset801430
Property, plant and equipment1123
Other undisclosed noncurrent assets2222
Total noncurrent assets:8317344
TOTAL ASSETS:1,287607372490
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:492473332358
Other undisclosed accounts payable and accrued liabilities492473332358
Debt382111976
Other undisclosed current liabilities543166  
Total current liabilities:1,072659451434
Noncurrent Liabilities
Long-term debt and lease obligation67 16 
Operating lease, liability67 16
Other undisclosed noncurrent liabilities(67)   
Total noncurrent liabilities:67 16 
Total liabilities:1,139659467434
Stockholders' equity
Stockholders' equity attributable to parent, including:148(51)(95)56
Common stock1111
Additional paid in capital27,68926,2677878
Accumulated other comprehensive income210  
Accumulated deficit(27,544)(26,330)(175)(24)
Other undisclosed stockholders' equity attributable to parent0   
Total stockholders' equity:148(51)(95)56
TOTAL LIABILITIES AND EQUITY:1,287607372490

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,6651,6611,3171,162
Cost of revenue(1,629)(1,000)(946)(784)
Gross profit:1,036661371378
Operating expenses(2,237)(26,822)(492)(431)
Other undisclosed operating loss(0)   
Operating loss:(1,201)(26,161)(121)(53)
Nonoperating income (expense)(13)6(30) 
Other nonoperating income 40  
Interest and debt expense (34)(30) 
Loss from continuing operations before equity method investments, income taxes:(1,214)(26,189)(181)(53)
Other undisclosed income from continuing operations before income taxes 3430 
Net loss available to common stockholders, diluted:(1,214)(26,155)(151)(53)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(1,214)(26,155)(151)(53)
Other comprehensive loss(8)   
Comprehensive loss:(1,222)(26,155)(151)(53)
Other undisclosed comprehensive income, net of tax, attributable to parent1610  
Comprehensive loss, net of tax, attributable to parent:(1,206)(26,145)(151)(53)

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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