Global Digital Solutions, Inc. (GDSI) financial statements (2020 and earlier)

Company profile

Business Address 777 SOUTH FLAGLER DRIVE
WEST PALM BEACH, FL 33401
State of Incorp. NJ
Fiscal Year End December 31
SIC 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51893 3
Cash and cash equivalents51893 3
Receivables   44
Prepaid expense6 202399
Total current assets:57811327106
Noncurrent Assets
Property, plant and equipment26  (24)5
Other undisclosed noncurrent assets  9272
Total noncurrent assets:26 927
TOTAL ASSETS:83812229114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2751,7381,245986554
Accounts payable569672657550357
Accrued liabilities706918529414197
Interest and dividends payable 1496022 
Debt2,7242,0001,28810965
Derivative instruments and hedges, liabilities541562383673 
Due to related parties  7710791
Other undisclosed current liabilities58931325091
Total current liabilities:5,1294,3043,1261,926801
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    270
Total noncurrent liabilities:    270
Total liabilities:5,1294,3043,1261,9261,071
Stockholders' equity
Stockholders' equity attributable to parent(5,047)(4,295)(3,013)(1,896)(958)
Preferred stock1111 
Common stock638580531531531
Additional paid in capital31,82530,78530,28330,28330,179
Accumulated deficit(37,510)(35,662)(33,827)(32,711)(31,667)
Total stockholders' equity:(5,047)(4,295)(3,013)(1,896)(958)
TOTAL LIABILITIES AND EQUITY:83811329114

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues(14) 4214642
Net investment income  4222 
Other income    (649)
Cost of revenue    (582)
Gross profit:  421460
Operating expenses(2,137)(1,278)(1,364)(599)(1,797)
Other undisclosed operating loss(14) (42)  
Operating loss:(2,151)(1,278)(1,364)(585)(1,737)
Nonoperating income (expense)1,265557(247)459953
Investment income, nonoperating(261)46(290)403451
Interest and debt expense1,231416  51
Income (loss) from continuing operations before equity method investments, income taxes:344(305)(1,611)(126)(733)
Other undisclosed income (loss) from continuing operations before income taxes(678) 495(918)(1,957)
Net loss:(334)(305)(1,116)(1,044)(2,689)
Other undisclosed net loss attributable to parent(3,083)(1,530)   
Net loss available to common stockholders, diluted:(3,416)(1,834)(1,116)(1,044)(2,689)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(334)(305)(1,116)(1,044)(2,689)
Comprehensive loss, net of tax, attributable to parent:(334)(305)(1,116)(1,044)(2,689)

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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