Grom Social Enterprises Inc. (GROM) Financial Statements (2024 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
Industry (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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8716,530120506634437
Cash and cash equivalents3,8716,530120506634437
Receivables1,7551,1565885461,123445
Inventory, net of allowances, customer advances and progress billings929148309427
Inventory929148309427
Other undisclosed current assets132703863294501,035
Total current assets:5,7318,0481,1431,4112,2162,345
Noncurrent Assets
Operating lease, right-of-use asset1,069593603874
Property, plant and equipment2865789658521,036850
Intangible assets, net (including goodwill)15,93227,44913,94714,80715,19315,570
Goodwill10,56722,3768,3818,8538,8538,801
Intangible assets, net (excluding goodwill)5,3645,0735,5665,9536,3406,769
Deferred income tax assets  466532 
Other noncurrent assets 84767911581
Other undisclosed noncurrent assets1,619717 239250201
Total noncurrent assets:18,91429,80716,12216,85016,59416,702
TOTAL ASSETS:24,64537,85517,26518,26118,81019,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2191,5983,0232,4602,1562,522
Interest and dividends payable491    
Taxes payable 103 4147
Employee-related liabilities239    
Accounts payable8404681,126809682883
Accrued liabilities3794001,7941,6511,4331,593
Deferred revenue576404967627
Debt5032,6412,5405,0924,50575
Derivative instruments and hedges, liabilities    78  
Deferred revenue and credits1,185
Due to related parties 501444621,1822,077
Other undisclosed current liabilities69162304 1,1200
Total current liabilities:2,9904,7566,9788,7198,9635,858
Noncurrent Liabilities
Long-term debt and lease obligation 681,0011,3221,1382,4115,417
Long-term debt, excluding current maturities 687169935052,4115,417
Liabilities, other than long-term debt1,239791368227654666
Accounts payable and accrued liabilities  400    
Other liabilities435391368227225237
Operating lease, liability804285329633
Business combination, contingent consideration, liability     429429
Other undisclosed noncurrent liabilities  5,186   (0)
Total noncurrent liabilities:1,3076,9781,6901,3653,0646,083
Total liabilities:4,29711,7348,66810,08412,02811,942
Equity
Equity, attributable to parent, including:18,10023,4388,5978,1776,7827,105
Preferred stock    1  
Common stock 313188167139124
Additional paid in capital101,72689,85164,23558,15552,25447,902
Accumulated other comprehensive loss(166)(31)(39)(98)(153)(77)
Accumulated deficit(83,472)(66,404)(55,792)(50,048)(45,457)(40,844)
Other undisclosed equity, attributable to parent996   
Equity, attributable to noncontrolling interest2,2482,682    
Total equity:20,34826,1218,5978,1776,7827,105
TOTAL LIABILITIES AND EQUITY:24,64537,85517,26518,26118,81019,047

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,4276,2986,1608,2978,6447,693
Other income      1,392
Cost of revenue
(Cost of Goods and Services Sold)
(3,665)(3,707)(3,353)(4,611)(4,379)(4,248)
Gross profit:1,7622,5912,8073,6864,2663,445
Operating expenses(20,432)(9,464)(6,189)(6,665)(8,141)(10,189)
Operating loss:(18,670)(6,873)(3,382)(2,979)(3,876)(6,745)
Nonoperating income (expense)2,350(3,329)(2,586)(1,577)(987)733
Other nonoperating income20717548526  
Interest and debt expense  (947)(1,313)(363)  
Loss from continuing operations before equity method investments, income taxes:(16,321)(11,149)(7,280)(4,919)(4,862)(6,012)
Other undisclosed income from continuing operations before income taxes  9471,313363  
Loss from continuing operations before income taxes:(16,321)(10,202)(5,967)(4,556)(4,862)(6,012)
Income tax expense (benefit) (446)(21)224(35)(15)(34)
Other undisclosed loss from continuing operations      
Loss from continuing operations:(16,767)(10,223)(5,743)(4,591)(4,877)(6,046)
Loss before gain (loss) on sale of properties:(10,223)(5,743)(4,591)(4,877)(6,046)
Net loss:(16,767)(10,223)(5,743)(4,591)(4,877)(6,046)
Net income attributable to noncontrolling interest43470    
Net loss attributable to parent:(16,333)(10,153)(5,743)(4,591)(4,877)(6,046)
Preferred stock dividends and other adjustments(736)(459)(278)(741)  
Net loss available to common stockholders, diluted:(17,068)(10,612)(6,021)(5,332)(4,877)(6,046)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(16,767)(10,223)(5,743)(4,591)(4,877)(6,046)
Other comprehensive loss     (4,953)(6,068)
Other undisclosed comprehensive income (loss)(135)78    
Comprehensive loss:(16,902)(10,145)(5,743)(4,591)(9,831)(12,114)
Comprehensive income, net of tax, attributable to noncontrolling interest43470    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (140)5856  
Comprehensive loss, net of tax, attributable to parent:(16,468)(10,214)(5,685)(4,536)(9,831)(12,114)

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.

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