Genesis Financial, Inc. (GFNL) financial statements (2021 and earlier)

Company profile

Business Address 3773 WEST 5TH AVENUE, SUITE 301
POST FALLS, ID 83854
State of Incorp. WY
Fiscal Year End December 31
SIC 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109116302313533590
Cash and cash equivalents511316452154
Short-term investments104105270249481436
Receivables3177174  
Disposal group, including discontinued operation   611  
Other undisclosed current assets3063635311941,5021,824
Total current assets:4184959041,1932,0352,414
Noncurrent Assets
Property, plant and equipment93   56
Long-term investments and receivables2133633631,2501,2501,250
Long-term investments2133633631,2501,2501,250
Other undisclosed noncurrent assets13273339721,1451,019
Total noncurrent assets:3066906962,2222,4002,275
TOTAL ASSETS:7241,1851,6003,4144,4354,688
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt242180170   
Due to related parties9309501,2601,280  
Other liabilities11113203211
Other undisclosed current liabilities 28301231,7131,450
Total current liabilities:1,1831,1601,4731,4231,7451,461
Noncurrent Liabilities
Liabilities, other than long-term debt  250250  
Due to related parties  250250  
Other undisclosed noncurrent liabilities0     
Total noncurrent liabilities:0 250250  
Total liabilities:1,1831,1601,7231,6731,7451,461
Stockholders' equity
Stockholders' equity attributable to parent, including:(459)26(123)1,7422,4402,977
Preferred stock   1,6501,6501,815
Common stock11716121211
Additional paid in capital8,6538,5998,2646,5916,4636,005
Accumulated other comprehensive income (loss)  (473)(205)16 
Accumulated deficit(9,113)(8,590)(7,930)(6,306)(5,700)(5,372)
Other undisclosed stockholders' equity attributable to parent     519
Other undisclosed stockholders' equity(0)     
Total stockholders' equity:(459)26(123)1,7422,4402,977
Other undisclosed liabilities and equity    250250
TOTAL LIABILITIES AND EQUITY:7241,1851,6003,4144,4354,688

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues4987182313210143
Revenue, net   64  
Net investment income 60    
Cost of revenue(17)  (38)  
Cost of goods and services sold   (38)  
Financial services costs(17)     
Gross profit:3287182276210143
Operating expenses(572)(747)(1,806)(919)(538)(895)
Other operating expense, net
(Other Expenses)
(6)(24)(40)   
Operating loss:(546)(684)(1,665)(644)(328)(751)
Nonoperating income
(Investment Income, Nonoperating)
12525738247 
Interest and debt expense(29)(27)(32)(27)(30)(91)
Loss from continuing operations before income taxes:(563)(186)(1,624)(588)(311)(842)
Income tax expense(32)(194)    
Loss before gain (loss) on sale of properties:(594)(380)(1,624)(588)(311)(842)
Other undisclosed net income (loss)71(281)(0)(18)(17)91
Net loss attributable to parent:(523)(660)(1,624)(606)(328)(751)
Preferred stock dividends and other adjustments    (166) 
Net loss available to common stockholders, diluted:(523)(660)(1,624)(606)(493)(751)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(523)(660)(1,624)(606)(328)(751)
Other comprehensive loss (473) (827)(830) 
Comprehensive loss:(523)(1,133)(1,624)(1,433)(1,158)(751)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 947(269)   
Comprehensive loss, net of tax, attributable to parent:(523)(187)(1,893)(1,433)(1,158)(751)

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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