ARC Group, Inc. (RLLY) financial statements (2022 and earlier)

Company profile

Business Address 13453 NORTH MAIN STREET
JACKSONVILLE, FL 32218
State of Incorp. NV
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments1,110345145517 
Cash and cash equivalents1,110345145517 
Receivables49868819714721067
Inventory, net of allowances, customer advances and progress billings8472114545  
Inventory8472114545  
Prepaid expense33035    
Deposits current assets  21   
Other current assets3862  
Other undisclosed current assets2,2711139   
Total current assets:5,0581,29745424521767
Noncurrent Assets
Finance lease, right-of-use asset10,175
Operating lease, right-of-use asset45,421
Property, plant and equipment7,66212,5389981  
Long-term investments and receivables 3529577830
Long-term investments    571819
Accounts and financing receivable, after allowance for credit loss 3529611
Intangible assets, net (including goodwill)17,410787    
Goodwill11,247     
Intangible assets, net (excluding goodwill)6,163787    
Deposits noncurrent assets35649    
Other undisclosed noncurrent assets    21
Total noncurrent assets:81,02413,376104110579831
TOTAL ASSETS:86,08214,673558355796897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,8411,479467735504496
Accounts payable 312710   
Accrued liabilities 23194983018
Interest and dividends payable 29133211
Other undisclosed accounts payable and accrued liabilities6,841906(350)634472466
Deferred revenue24
Debt3,46272331240714
Estimated litigation liability172164156148194 
Due to related parties2,721720   3
Business combination, contingent consideration, liability555520021  
Contract with customer, liability14
Other liabilities  9525
Other undisclosed current liabilities4,409928373355484498
Total current liabilities:17,6844,0821,2351,5041,1921,017
Noncurrent Liabilities
Long-term debt and lease obligation66,41811,210    
Long-term debt, excluding current maturities10,554     
Finance lease, liability11,007
Capital lease obligations11,210    
Operating lease, liability44,857
Liabilities, other than long-term debt14552    
Deferred revenue145
Contract with customer, liability52
Total noncurrent liabilities:66,56311,262    
Total liabilities:84,24715,3441,2351,5041,1921,017
Stockholders' equity
Stockholders' equity attributable to parent, including:1,835(670)(677)(1,149)(396)(120)
Preferred stock 4    
Common stock746770666564
Common stock, share subscribed but unissued, subscriptions receivable     (170)
Common stock, value, subscriptions3,0251527150200289
Additional paid in capital4,7864,4903,9953,7483,6383,564
Accumulated deficit(7,892)(5,248)(4,769)(5,113)(4,300)(3,867)
Other undisclosed stockholders' equity attributable to parent1,841     
Total stockholders' equity:1,835(670)(677)(1,149)(396)(120)
TOTAL LIABILITIES AND EQUITY:86,08214,673558355796897

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues29,0919,5014,4461,275967589
Revenue, net4,4461,275499426
Cost of revenue
(Cost of Goods and Services Sold)
  (238)   
Gross profit:29,0919,5014,2071,275967589
Operating expenses(31,077)(10,279)(4,530)(2,089)(920)(789)
Other undisclosed operating income  238   
Operating income (loss):(1,986)(779)(85)(813)46(200)
Nonoperating income (expense)(659)496429(0)(479)6
Investment income, nonoperating 62521612
Other nonoperating income138101251 0
Interest and debt expense(706)(178)(30)175(16)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(3,351)(461)315(638)(449)(218)
Income from equity method investments     19
Net income (loss):(3,351)(461)315(638)(449)(200)
Other undisclosed net income (loss) attributable to parent70617830(175)166
Net income (loss) available to common stockholders, diluted:(2,644)(282)345(814)(433)(194)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,351)(461)315(638)(449)(200)
Comprehensive income (loss), net of tax, attributable to parent:(3,351)(461)315(638)(449)(200)

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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