SMG Industries, Inc. (SMGI) financial statements (2021 and earlier)

Company profile

Business Address 710 N. POST OAK ROAD
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2866149604,7972,090
Cash and cash equivalents 2866149604,7972,090
Receivables 704441    
Inventory, net of allowances, customer advances and progress billings 141142   14,318
Inventory 141142   14,318
Prepaid expense      34
Assets held-for-sale, not part of disposal group 4242  
Other undisclosed current assets 9725   944
Total current assets: 9857376149604,79717,386
Noncurrent Assets
Property, plant and equipment 1,998119    
Intangible assets, net (including goodwill) 515    
Goodwill 186     
Intangible assets, net (excluding goodwill) 330     
Other noncurrent assets 28     
Total noncurrent assets: 2,541119    
Other undisclosed assets   194326 
TOTAL ASSETS: 3,5268556331,0034,82317,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,1764658173189298
Accounts payable 969395    
Accrued liabilities 20870413636 
Employee-related liabilities     25 
Taxes payable   3835120 
Other undisclosed accounts payable and accrued liabilities   228298
Debt 1,107619    
Due to related parties 8496   150
Deferred revenue and credits    23
Other undisclosed current liabilities 40    851
Total current liabilities: 2,4071,17981731891,323
Noncurrent Liabilities
Long-term debt and lease obligation 1,008258    
Long-term debt, excluding current maturities 968258    
Capital lease obligations41     
Liabilities, other than long-term debt 47     
Due to related parties 47     
Other undisclosed noncurrent liabilities 162     
Total noncurrent liabilities: 1,217258    
Total liabilities: 3,6241,43881731891,323
Stockholders' equity
Stockholders' equity attributable to parent (98)(582)5539304,63316,064
Common stock 1292229
Treasury stock, value   (195)(195) (722)
Additional paid in capital 1,568(57)7,2797,27110,31827,222
Accumulated deficit (1,677)(534)(6,534)(6,148)(5,687)(10,445)
Total stockholders' equity: (98)(582)5539304,63316,064
TOTAL LIABILITIES AND EQUITY: 3,5268556331,0034,82317,386

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 4,4222,466  21,0849,505
Revenue, net2,466  21,0849,505
Cost of revenue (2,769)(1,446)  (15,262)(7,421)
Cost of goods and services sold     (15,262)(7,421)
Gross profit: 1,6531,020  5,8222,084
Operating expenses (2,496)(1,603)(387)(468)(1,052)(1,234)
Operating income (loss): (842)(583)(387)(468)4,770851
Nonoperating income
(Investment Income, Nonoperating)
   171815
Interest and debt expense (301)(148)    
Income (loss) from continuing operations before income taxes: (1,143)(731)(386)(461)4,789866
Income tax expense    (164)(90)(25)
Net income (loss): (1,143)(731)(386)(625)4,699841
Other undisclosed net income attributable to parent    16460142
Net income (loss) available to common stockholders, diluted: (1,143)(731)(386)(461)4,759982

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (1,143)(731)(386)(625)4,699841
Comprehensive income (loss), net of tax, attributable to parent: (1,143)(731)(386)(625)4,699841

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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