iGambit, Inc. (IGMB) financial statements (2021 and earlier)

Company profile

Business Address 55 IVAN ALLEN JR. BLVD
ATLANTA, GA 30308
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,0650911132133
Cash and cash equivalents 1,0650911132133
Receivables 100156 23082
Inventory, net of allowances, customer advances and progress billings 2727  21 
Inventory 2727  21 
Prepaid expense 51 3910924545
Disposal group, including discontinued operation    373263 
Other undisclosed current assets    15  
Total current assets: 1,2434255508891260
Noncurrent Assets
Operating lease, right-of-use asset 247
Property, plant and equipment 83241408
Intangible assets, net (including goodwill) 5,0072,5723,268 6,705 
Goodwill 3,472   6,705 
Intangible assets, net (excluding goodwill) 1,5362,5723,268   
Deposits noncurrent assets    2212
Restricted cash and investments 100     
Other undisclosed noncurrent assets 1122 (40) 
Total noncurrent assets: 5,4492,5763,27436,70721
Other undisclosed assets     (230) 
TOTAL ASSETS: 6,6932,6183,3295117,368281
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,753480348356637285
Accounts payable    356637285
Accrued liabilities 343222   
Other undisclosed accounts payable and accrued liabilities 1,718448327   
Deferred revenue 166
Debt 2,5295353 855 
Derivative instruments and hedges, liabilities  28866   
Due to related parties 128145128   
Deferred revenue and credits9 811 
Other undisclosed current liabilities 344193556,024586 
Total current liabilities: 4,6101,3859606,3802,889285
Noncurrent Liabilities
Long-term debt and lease obligation 224   2,339 
Long-term debt, excluding current maturities     2,339 
Operating lease, liability 224
Liabilities, other than long-term debt     849 
Deferred revenue and credits  379 
Due to related parties     470 
Total noncurrent liabilities: 224   3,188 
Total liabilities: 4,8341,3859606,3806,077285
Stockholders' equity
Stockholders' equity attributable to parent, including: 1,8581,2332,369(5,909)4,360(31)
Treasury stock, value  (1,000)(1,000)   
Additional paid in capital 14,42314,48112,8914,321402,851
Retained earnings (accumulated deficit) (12,569)(12,463)(9,649)(10,231)4,320(2,882)
Other undisclosed stockholders' equity attributable to parent 5215126   
Other undisclosed stockholders' equity    40(7,158)27
Total stockholders' equity: 1,8581,2332,369(5,869)(2,798)(4)
Other undisclosed liabilities and equity     4,090 
TOTAL LIABILITIES AND EQUITY: 6,6932,6183,3295117,368281

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
12/31/2014
Revenues 1,3666023 4751,069
Revenue, net23 4751,069
Cost of revenue (830)(31)(30) (8)(465)
Gross profit: 53629(7) 467603
Operating expenses (7,434)(1,860)(5,686)(449)(959)(1,320)
Other undisclosed operating loss     (6)(63)
Operating loss: (6,898)(1,831)(5,693)(449)(499)(780)
Nonoperating income (expense) (219)(984)6,343(2)(45)78
Investment income, nonoperating   6,658   
Other nonoperating expense (219)(984)(315)   
Interest and debt expense (130)(313)(106)34510
Income (loss) from continuing operations before equity method investments, income taxes: (7,247)(3,127)545(448)(499)(692)
Other undisclosed loss from continuing operations before income taxes     (45)(10)
Income (loss) from continuing operations before income taxes: (7,247)(3,127)545(448)(544)(702)
Income tax expense  (392)(392)   
Income (loss) from continuing operations: (7,247)(3,519)153(448)(544)(702)
Income (loss) from discontinued operations   6,590(6,981)62718
Income (loss) before gain (loss) on sale of properties: (7,247)(3,519)6,742(7,430)84(684)
Other undisclosed net income (loss) 130705(6,160)(3)  
Net income (loss) available to common stockholders, diluted: (7,117)(2,814)582(7,432)84(684)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (7,117)(2,814)582(7,432)84(684)
Comprehensive income (loss), net of tax, attributable to parent: (7,117)(2,814)582(7,432)84(684)

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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