Generation Alpha, Inc. (GNAL) financial statements (2021 and earlier)

Company profile

Business Address 16926 EAST KEEGAN BLVD
CARSON, CA 90746
State of Incorp. NV
Fiscal Year End December 31
SIC 738 - Miscellaneous Business Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 104887968276106
Cash and cash equivalents 104887968276106
Receivables (112)911,153631659
Inventory, net of allowances, customer advances and progress billings 3905701,6842,8813,820
Inventory 3905701,6842,8813,820
Other undisclosed current assets 1362561347386
Total current assets: 5171,8043,9403,8604,671
Noncurrent Assets
Operating lease, right-of-use asset 427
Property, plant and equipment 2257138205268
Intangible assets, net (including goodwill)  1,302   
Intangible assets, net (excluding goodwill)  1,302   
Other noncurrent assets 1084383232
Total noncurrent assets: 4601,442176237300
TOTAL ASSETS: 9773,2464,1164,0974,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,5851,2631,124552564
Interest and dividends payable 35112514768 
Other undisclosed accounts payable and accrued liabilities 1,2331,138978484564
Deferred revenue 799
Debt 1,7941,2568794394
Due to related parties 7901,0893811,0841,232
Contract with customer, liability373
Other undisclosed current liabilities 2,8791251,417327890
Total current liabilities: 7,8474,1053,0102,0573,080
Noncurrent Liabilities
Long-term debt and lease obligation 423 173658
Long-term debt, excluding current maturities   172634
Capital lease obligations  1023
Operating lease, liability 423
Liabilities, other than long-term debt 1,3322,5697,415600 
Contract with customer, liability409
Due to related parties    600 
Derivative instruments and hedges, liabilities 1,3322,1617,415  
Total noncurrent liabilities: 1,7552,5697,43263658
Total liabilities: 9,6016,67510,4422,6933,138
Stockholders' equity
Stockholders' equity attributable to parent (8,624)(3,429)(6,326)1,4051,833
Common stock 4746433
Additional paid in capital 31,73929,0429,1122,8232,712
Accumulated deficit (40,410)(32,516)(15,442)(1,421)(882)
Total stockholders' equity: (8,624)(3,429)(6,326)1,4051,833
TOTAL LIABILITIES AND EQUITY: 9773,2464,1164,0974,971

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,9653,3488,9768,5647,713
Revenue, net8,9768,5647,713
Cost of revenue
(Cost of Goods and Services Sold)
 (1,066)(2,827)(5,831)(5,440)(4,994)
Gross profit: 8995223,1453,1242,719
Operating expenses (6,841)(18,047)(12,036)(3,544)(3,082)
Operating loss: (5,942)(17,526)(8,891)(421)(363)
Nonoperating income (expense) (1,952)455(5,124)(117)(309)
Other nonoperating income (expense)   0(25) 
Interest and debt expense (593)(1,556)(225)(57)(32)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,5562255732
Loss from continuing operations before equity method investments, income taxes: (8,487)(17,070)(14,015)(538)(672)
Other undisclosed income from continuing operations before income taxes 593    
Loss from continuing operations before income taxes: (7,894)(17,070)(14,015)(538)(672)
Income tax expense (benefit)  (4)(7)(1)119
Net loss attributable to parent: (7,894)(17,074)(14,022)(539)(553)
Preferred stock dividends and other adjustments   607  
Other undisclosed net loss available to common stockholders, basic   (1,214)  
Net loss available to common stockholders, diluted: (7,894)(17,074)(14,629)(539)(553)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (7,894)(17,074)(14,022)(539)(553)
Comprehensive loss, net of tax, attributable to parent: (7,894)(17,074)(14,022)(539)(553)

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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