Grom Social Enterprises, Inc. (GRMM) financial statements (2021 and earlier)

Company profile

Business Address 2060 NW BOCA RATON BLVD. #6
BOCA RATON, FL 33431
State of Incorp. FL
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1100
Cash and cash equivalents 1100
Receivables 1100
Inventory, net of allowances, customer advances and progress billings 000 
Inventory 000 
Prepaid expense    0
Deposits current assets    0
Other undisclosed current assets 001 
Total current assets: 1220
Noncurrent Assets
Operating lease, right-of-use asset 1
Property, plant and equipment 111 
Intangible assets, net (including goodwill) 151516 
Goodwill 999 
Intangible assets, net (excluding goodwill) 667 
Other noncurrent assets 0000
Other undisclosed noncurrent assets 000 
Total noncurrent assets: 1717170
TOTAL ASSETS: 1819190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2230
Accounts payable 1110
Accrued liabilities 2120
Taxes payable  00 
Deferred revenue 1
Debt 550 
Derivative instruments and hedges, liabilities 0   
Due to related parties 0120
Deferred revenue and credits1 
Other undisclosed current liabilities  10 
Total current liabilities: 9960
Noncurrent Liabilities
Long-term debt and lease obligation 125 
Long-term debt, excluding current maturities 125 
Operating lease, liability 1
Liabilities, other than long-term debt 011 
Other liabilities 000 
Business combination, contingent consideration, liability  00 
Other undisclosed noncurrent liabilities   (0) 
Total noncurrent liabilities: 136 
Total liabilities: 1012120
Stockholders' equity
Stockholders' equity attributable to parent 877(0)
Preferred stock 0   
Common stock 0000
Additional paid in capital 5852482
Accumulated other comprehensive loss (0)(0)(0) 
Accumulated deficit (50)(45)(41)(3)
Total stockholders' equity: 877(0)
TOTAL LIABILITIES AND EQUITY: 1819190

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 8981
Other income   10
Cost of revenue
(Cost of Goods and Services Sold)
 (5)(4)(4)(1)
Gross profit: 4430
Operating expenses (7)(8)(10)(1)
Operating loss: (3)(4)(7)(1)
Nonoperating income (expense) (2)(1)10
Other nonoperating income 1   
Interest and debt expense (0)   
Loss from continuing operations before equity method investments, income taxes: (5)(5)(6)(1)
Other undisclosed income from continuing operations before income taxes 0   
Loss from continuing operations before income taxes: (5)(5)(6)(1)
Income tax expense (0)(0)(0) 
Net loss attributable to parent: (5)(5)(6)(1)
Preferred stock dividends and other adjustments (1)   
Net loss available to common stockholders, diluted: (5)(5)(6)(1)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (5)(5)(6)(1)
Other comprehensive loss  (5)(6) 
Comprehensive loss: (5)(10)(12)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent 0   
Comprehensive loss, net of tax, attributable to parent: (5)(10)(12)(1)

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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