Genesis Financial, Inc. (GFNL) Financial Statements (2024 and earlier)
Company Profile
Business Address |
445 PARK AVENUE NEW YORK, NY 10022 |
State of Incorp. | WY |
Fiscal Year End | December 31 |
Industry (SIC) | 6199 - Finance Services (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
12/31/2018 | 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 investments | 109 | 116 | 302 | 313 | 533 | 590 | |||
Cash and cash equivalents | 5 | 11 | 31 | 64 | 52 | 154 | |||
Short-term investments | 104 | 105 | 270 | 249 | 481 | 436 | |||
Receivables | 3 | 17 | 71 | 74 | |||||
Disposal group, including discontinued operation | 611 | ||||||||
Other undisclosed current assets | 306 | 363 | 531 | 194 | 1,502 | 1,824 | |||
Total current assets: | 418 | 495 | 904 | 1,193 | 2,035 | 2,414 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 93 | 5 | 6 | ||||||
Long-term investments and receivables | 213 | 363 | 363 | 1,250 | 1,250 | 1,250 | |||
Long-term investments | 213 | 363 | 363 | 1,250 | 1,250 | 1,250 | |||
Other noncurrent assets | ✕ | ||||||||
Other undisclosed noncurrent assets | 1 | 327 | 333 | 972 | 1,145 | 1,019 | |||
Total noncurrent assets: | 306 | 690 | 696 | 2,222 | 2,400 | 2,275 | |||
TOTAL ASSETS: | 724 | 1,185 | 1,600 | 3,414 | 4,435 | 4,688 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | |||||||||
Interest and dividends payable | |||||||||
Other undisclosed accounts payable and accrued liabilities | |||||||||
Debt | 242 | 180 | 170 | ||||||
Due to related parties | 930 | 950 | 1,260 | 1,280 | |||||
Other liabilities | 11 | 1 | 13 | 20 | 32 | 11 | |||
Other undisclosed current liabilities | 28 | 30 | 123 | 1,713 | 1,450 | ||||
Total current liabilities: | 1,183 | 1,160 | 1,473 | 1,423 | 1,745 | 1,461 | |||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 250 | 250 | |||||||
Due to related parties | 250 | 250 | |||||||
Other undisclosed noncurrent liabilities | 0 | ||||||||
Total noncurrent liabilities: | 0 | 250 | 250 | ||||||
Other undisclosed liabilities | |||||||||
Total liabilities: | 1,183 | 1,160 | 1,723 | 1,673 | 1,745 | 1,461 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (459) | 26 | (123) | 1,742 | 2,440 | 2,977 | |||
Preferred stock | 1,650 | 1,650 | 1,815 | ||||||
Common stock | 1 | 17 | 16 | 12 | 12 | 11 | |||
Additional paid in capital | 8,653 | 8,599 | 8,264 | 6,591 | 6,463 | 6,005 | |||
Accumulated other comprehensive income (loss) | (473) | (205) | 16 | ||||||
Accumulated deficit | (9,113) | (8,590) | (7,930) | (6,306) | (5,700) | (5,372) | |||
Other undisclosed equity, attributable to parent | 519 | ||||||||
Other undisclosed equity | (0) | ||||||||
Total equity: | (459) | 26 | (123) | 1,742 | 2,440 | 2,977 | |||
Other undisclosed liabilities and equity | 250 | 250 | |||||||
TOTAL LIABILITIES AND EQUITY: | 724 | 1,185 | 1,600 | 3,414 | 4,435 | 4,688 |
Income Statement (P&L) ($ in thousands)
12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 49 | 87 | 182 | 313 | 210 | 143 | ||
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: | 32 | 87 | 182 | 276 | 210 | 143 | ||
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 | 12 | 525 | 73 | 82 | 47 | |||
Investment income, nonoperating | 12 | 525 | 73 | 82 | 47 | |||
Other nonoperating income | ||||||||
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 from continuing operations: | (594) | (380) | (1,624) | (588) | (311) | (842) | ||
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)
12/31/2018 | 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 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.