Olb Group Inc (OLBG) financial statements (2021 and earlier)

Company profile

Business Address 200 PARK AVENUE
NEW YORK, NY 10166
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)

12/31/2020
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 investments3,824508112113 
Cash and cash equivalents3,824508112113 
Receivables356479406    
Prepaid expense161721    
Other current assets91088    
Total current assets:4,2051,112547113 
Noncurrent Assets
Operating lease, right-of-use asset270 
Property, plant and equipment203766    
Long-term investments and receivables384317380    
Long-term investments384317380    
Intangible assets, net (including goodwill)8,3588,85811,006    
Goodwill6,8586,8586,858    
Intangible assets, net (excluding goodwill)1,5002,0004,148    
Other noncurrent assets     55
Other undisclosed noncurrent assets1,1411,546 55  
Total noncurrent assets:10,17210,75711,4525555
TOTAL ASSETS:14,37811,86911,9996685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4641,6791,18190421821
Accounts payable360593468  18 
Accrued liabilities1047474    
Employee-related liabilities 1,012640 125  
Other undisclosed accounts payable and accrued liabilities   90(83) 21
Debt450325253  0
Due to related parties    163  
Other undisclosed current liabilities8649115 125  
Total current liabilities:9992,4941,221933301822
Noncurrent Liabilities
Long-term debt and lease obligation7,6269,1759,500    
Long-term debt, excluding current maturities7,4419,1759,500    
Operating lease, liability185 
Other undisclosed noncurrent liabilities(185)3,0003,000    
Total noncurrent liabilities:7,62612,17512,500    
Total liabilities:8,62514,66913,721933301822
Stockholders' equity
Stockholders' equity attributable to parent, including:5,752(2,800)(1,722)(88)(323)(10)(17)
Common stock11162111
Additional paid in capital26,38016,05115,77015,59114,95714,95714,608
Accumulated deficit(20,629)(18,852)(17,508)(15,680)(15,282)(14,969)(14,626)
Other undisclosed stockholders' equity attributable to parent0      
Total stockholders' equity:5,752(2,800)(1,722)(88)(323)(10)(17)
TOTAL LIABILITIES AND EQUITY:14,37811,86911,9996685

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,76710,2929,020528366136
Revenue, net 8366136
Cost of revenue    (21)(24)(30)
Cost of goods and services sold      (30)
Gross profit:9,76710,2929,020526242107
Operating expenses(10,501)(10,560)(9,553)(423)(366)(374)(449)
Other undisclosed operating income 538     
Operating income (loss):(735)269(533)(372)(303)(331)(342)
Nonoperating expense(1,042)(1,075)(860)(27)(9)(11)(18)
Interest and debt expense(23)(867)16(27)(9)(11)(18)
Loss from continuing operations before equity method investments, income taxes:(1,800)(1,673)(1,378)(426)(322)(354)(378)
Other undisclosed income from continuing operations before income taxes   2791118
Loss before gain (loss) on sale of properties:(1,800)(1,673)(1,378)(399)(313)(342)(360)
Other undisclosed net income23329     
Net loss:(1,777)(1,343)(1,378)(399)(313)(342)(360)
Other undisclosed net loss attributable to parent  (16)    
Net loss available to common stockholders, diluted:(1,777)(1,343)(1,394)(399)(313)(342)(360)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1,777)(1,343)(1,378)(399)(313)(342)(360)
Comprehensive loss, net of tax, attributable to parent:(1,777)(1,343)(1,378)(399)(313)(342)(360)

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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