SMG Industries Inc. (SMGI) financial statements (2022 and earlier)

Company profile

Business Address 710 N. POST OAK ROAD
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 47 - Transportation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 26430286614960
Cash and cash equivalents 26430286614960
Receivables 4,9211,244704441  
Inventory, net of allowances, customer advances and progress billings  130141142  
Inventory  130141142  
Disposal group, including discontinued operation 438     
Assets held-for-sale, not part of disposal group   4242  
Other undisclosed current assets 2,1253009725  
Total current assets: 7,7481,704985737614960
Noncurrent Assets
Operating lease, right-of-use asset 1,271266
Property, plant and equipment 16,338 1,998119  
Intangible assets, net (including goodwill)  131515   
Goodwill   186   
Intangible assets, net (excluding goodwill)  131330   
Disposal group, including discontinued operation, noncurrent assets 1,569     
Other noncurrent assets 5002028   
Other undisclosed noncurrent assets  4,310    
Total noncurrent assets: 19,6774,7272,541119  
Other undisclosed assets     1943
TOTAL ASSETS: 27,4256,4313,5268556331,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4,7692,7211,1764658173
Accounts payable 3,1712,129969395  
Accrued liabilities 15592208704136
Employee-related liabilities 490     
Taxes payable 146   3835
Interest and dividends payable 947     
Other undisclosed accounts payable and accrued liabilities     22
Deferred revenue 3036
Debt 10,2763,0101,107619  
Due to related parties 20508496  
Disposal group, including discontinued operation 2,243     
Other undisclosed current liabilities 1,369 40   
Total current liabilities: 18,8925,7672,4071,1798173
Noncurrent Liabilities
Long-term debt and lease obligation 15,9251,3251,008258  
Long-term debt, excluding current maturities 15,0791,136968258  
Finance lease, liability  24
Capital lease obligations41   
Operating lease, liability 846165
Liabilities, other than long-term debt 1,008 47   
Due to related parties   47   
Disposal group, including discontinued operation, liabilities 1,008     
Other undisclosed noncurrent liabilities 2,417261162   
Total noncurrent liabilities: 19,3511,5861,217258  
Total liabilities: 38,2437,3533,6241,4388173
Stockholders' equity
Stockholders' equity attributable to parent, including: (10,818)(921)(98)(582)553930
Common stock 191512922
Treasury stock, value     (195)(195)
Additional paid in capital 10,9784,7561,568(57)7,2797,271
Accumulated deficit (21,816)(5,693)(1,677)(534)(6,534)(6,148)
Other undisclosed stockholders' equity attributable to parent 00    
Total stockholders' equity: (10,818)(921)(98)(582)553930
TOTAL LIABILITIES AND EQUITY: 27,4256,4313,5268556331,003

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 26,6666,4744,4222,466  
Revenue, net2,466  
Cost of revenue (29,477)(5,532)(2,769)(1,446)  
Gross profit: (2,811)9431,6531,020  
Operating expenses (7,838)(3,979)(2,496)(1,603)(387)(468)
Operating loss: (10,649)(3,036)(842)(583)(387)(468)
Nonoperating income (expense) (3,456)(948)  17
Investment income, nonoperating     17
Interest and debt expense 94(83)(301)(148)  
Loss from continuing operations before income taxes: (14,011)(4,067)(1,143)(731)(386)(461)
Income tax expense      (164)
Net loss: (14,011)(4,067)(1,143)(731)(386)(625)
Other undisclosed net income (loss) attributable to parent (1,858)83   164
Net loss attributable to parent: (15,869)(3,984)(1,143)(731)(386)(461)
Preferred stock dividends and other adjustments (254)(31)    
Net loss available to common stockholders, diluted: (16,123)(4,015)(1,143)(731)(386)(461)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (14,011)(4,067)(1,143)(731)(386)(625)
Comprehensive loss, net of tax, attributable to parent: (14,011)(4,067)(1,143)(731)(386)(625)

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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