Grom Social Enterprises Inc. (GROM) financial statements (2022 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 thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1205066344372
Cash and cash equivalents 1205066344372
Receivables 5885461,123445116
Inventory, net of allowances, customer advances and progress billings 48309427 
Inventory 48309427 
Prepaid expense     2
Deposits current assets     1
Other undisclosed current assets 3863294501,035 
Total current assets: 1,1431,4112,2162,345121
Noncurrent Assets
Operating lease, right-of-use asset 603874
Property, plant and equipment 9658521,036850 
Intangible assets, net (including goodwill) 13,94714,80715,19315,570 
Goodwill 8,3818,8538,8538,801 
Intangible assets, net (excluding goodwill) 5,5665,9536,3406,769 
Deferred income tax assets 532 
Other noncurrent assets 7679115813
Other undisclosed noncurrent assets  239250201 
Total noncurrent assets: 16,12216,85016,59416,7023
TOTAL ASSETS: 17,26518,26118,81019,047124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,0232,4602,1562,522342
Accounts payable 1,126809682883225
Accrued liabilities 1,7941,6511,4331,593117
Taxes payable 103 4147 
Deferred revenue 967627
Debt 2,5405,0924,50575 
Derivative instruments and hedges, liabilities  78   
Due to related parties 1444621,1822,077154
Deferred revenue and credits1,185 
Other undisclosed current liabilities 304 1,1200 
Total current liabilities: 6,9788,7198,9635,858496
Noncurrent Liabilities
Long-term debt and lease obligation 1,3221,1382,4115,417 
Long-term debt, excluding current maturities 9935052,4115,417 
Operating lease, liability 329633
Liabilities, other than long-term debt 368227654666 
Other liabilities 368227225237 
Business combination, contingent consideration, liability   429429 
Other undisclosed noncurrent liabilities    (0) 
Total noncurrent liabilities: 1,6901,3653,0646,083 
Total liabilities: 8,66810,08412,02811,942496
Stockholders' equity
Stockholders' equity attributable to parent, including: 8,5978,1776,7827,105(372)
Preferred stock  1   
Common stock 18816713912410
Additional paid in capital 64,23558,15552,25447,9022,485
Accumulated other comprehensive loss (39)(98)(153)(77) 
Accumulated deficit (55,792)(50,048)(45,457)(40,844)(2,868)
Other undisclosed stockholders' equity attributable to parent 6    
Total stockholders' equity: 8,5978,1776,7827,105(372)
TOTAL LIABILITIES AND EQUITY: 17,26518,26118,81019,047124

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 6,1608,2978,6447,693735
Other income    1,3927
Cost of revenue
(Cost of Goods and Services Sold)
 (3,353)(4,611)(4,379)(4,248)(592)
Gross profit: 2,8073,6864,2663,445142
Operating expenses (6,189)(6,665)(8,141)(10,189)(830)
Operating loss: (3,382)(2,979)(3,876)(6,745)(687)
Nonoperating income (expense) (2,586)(1,577)(987)73336
Other nonoperating income 48526   
Interest and debt expense (1,313)(363)   
Loss from continuing operations before equity method investments, income taxes: (7,280)(4,919)(4,862)(6,012)(651)
Other undisclosed income from continuing operations before income taxes 1,313363   
Loss from continuing operations before income taxes: (5,967)(4,556)(4,862)(6,012)(651)
Income tax expense (benefit) 224(35)(15)(34) 
Net loss attributable to parent: (5,743)(4,591)(4,877)(6,046)(651)
Preferred stock dividends and other adjustments (278)(741)   
Net loss available to common stockholders, diluted: (6,021)(5,332)(4,877)(6,046)(651)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (5,743)(4,591)(4,877)(6,046)(651)
Other comprehensive loss   (4,953)(6,068) 
Comprehensive loss: (5,743)(4,591)(9,831)(12,114)(651)
Other undisclosed comprehensive income, net of tax, attributable to parent 5856   
Comprehensive loss, net of tax, attributable to parent: (5,685)(4,536)(9,831)(12,114)(651)

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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