Jacobs Financial Group Inc (JFGI) financial statements (2020 and earlier)

Company profile

Business Address 300 SUMMERS STREET, SUITE 970
CHARLESTON, WV 25301
State of Incorp. DE
Fiscal Year End May 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2017
5/31/2016
5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,5179,1858,4889711,570
Cash and cash equivalents548466704670315
Short-term investments35,9698,7197,7843011,255
Funds held for clients (2,068)(2,352)(2,065) 
Total current assets:36,5177,1166,136(1,094)1,570
Noncurrent Assets
Property, plant and equipment3712512
Intangible assets, net (including goodwill)150150150150150
Intangible assets, net (excluding goodwill)150150150150150
Other noncurrent assets1715159299
Total noncurrent assets:204166166247261
Other undisclosed assets5,7494,5925,44911,5946,653
TOTAL ASSETS:42,47011,87411,75110,7478,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,403  5,2101,052
Due to related parties124125173155 
Total current liabilities:7,5281251735,3651,052
Noncurrent Liabilities
Other undisclosed liabilities37,41123,08423,82415,95116,356
Total liabilities:44,93923,20923,99721,31617,409
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,716)(13,495)(14,321)(12,563)(10,841)
Preferred stock    1,916
Common stock3838363532
Additional paid in capital5,2314,6154,1994,1714,013
Accumulated other comprehensive income (loss)(131)(2)2113997
Accumulated deficit(35,774)(33,159)(31,887)(29,145)(26,229)
Other undisclosed stockholders' equity attributable to parent25,91915,01313,30912,2369,329
Other undisclosed stockholders' equity2,2472,1602,0751,9941,916
Total stockholders' equity:(2,469)(11,335)(12,246)(10,569)(8,924)
TOTAL LIABILITIES AND EQUITY:42,47011,87411,75110,7478,484

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

5/31/2017
5/31/2016
5/31/2015
5/31/2014
5/31/2013
Revenues2,8691,3361,5761,2701,345
Net investment income494(215)275226230
Financial services revenue821,2331,1451,0131,055
Other income1603161976
Cost of revenue(786) (1,269)(353)(420)
Deferred policy acquisition costs, amortization expense(786) (301)(275)(239)
Financial services costs  (968)(78)(181)
Other undisclosed gross profit (2,584)(1,460)(1,986) 
Gross profit:2,083(1,249)(1,153)(1,069)924
Operating expenses(2,362)(1,907)(3,080)(1,702)(1,790)
Other undisclosed operating income7862,5842,7292,339420
Operating income (loss):508(571)(1,505)(432)(445)
Nonoperating income (expense)
(Investment Income, Nonoperating)
2871712859(43)
Interest and debt expense(575)1,004424(944)1,073
Income (loss) from continuing operations before income taxes:219604(1,052)(1,317)585
Other undisclosed loss from continuing operations    (3,532)
Income (loss) before gain (loss) on sale of properties:219604(1,052)(1,317)(2,947)
Other undisclosed net income (loss)(1,227)(720)(536)(530)990
Net loss:(1,007)(116)(1,589)(1,848)(1,957)
Other undisclosed net loss attributable to parent  (0)  
Net loss attributable to parent:(1,007)(116)(1,589)(1,848)(1,957)
Preferred stock dividends and other adjustments    58
Other undisclosed net loss available to common stockholders, basic(1,345)(1,157)(1,153)(1,069)(1,048)
Net loss available to common stockholders, diluted:(2,352)(1,273)(2,742)(2,916)(2,947)

Comprehensive Income ($ in thousands)

5/31/2017
5/31/2016
5/31/2015
5/31/2014
5/31/2013
Net loss:(1,007)(116)(1,589)(1,848)(1,957)
Other comprehensive income 1,294   
Comprehensive income (loss):(1,007)1,178(1,589)(1,848)(1,957)
Comprehensive income, net of tax, attributable to noncontrolling interest 95   
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,473)(2,661)(1,271)(1,026)(990)
Comprehensive loss, net of tax, attributable to parent:(2,480)(1,388)(2,860)(2,874)(2,947)

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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