SRAX, Inc. (SRAX) financial statements (2023 and earlier)
Company profile
Business Address |
2629 TOWNSGATE ROAD #215 WESTLAKE VILLAGE, CA 91361 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
SIC | 7311 - Advertising Agencies (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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 8,898 | 32 | 2,785 | 1,017 | 1,049 | 1,091 | |||
Cash and cash equivalents | 451 | 32 | 2,785 | 1,017 | 1,049 | 1,091 | |||
Short-term investments | 8,447 | ||||||||
Receivables | 2,608 | 805 | 1,829 | 4,348 | 8,411 | 7,056 | |||
Prepaid expense | 367 | 715 | 467 | 468 | 333 | 309 | |||
Other current assets | 306 | 387 | 301 | 6 | 36 | ||||
Total current assets: | 11,873 | 1,858 | 5,468 | 6,135 | 9,799 | 8,493 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 366 | 456 | ✕ | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 118 | 191 | 192 | 155 | 55 | 44 | |||
Long-term investments and receivables | 893 | ||||||||
Accounts and financing receivable, after allowance for credit loss | 893 | ||||||||
Intangible assets, net (including goodwill), including: | 25,760 | 17,611 | 17,408 | 15,645 | 15,645 | 16,315 | |||
Goodwill | 23,351 | 15,645 | 15,645 | ||||||
Intangible assets, net (excluding goodwill) | 2,409 | 1,966 | 1,763 | 1,643 | 1,365 | 1,612 | |||
Other undisclosed intangible assets, net (including goodwill) | 14,002 | 14,280 | 14,703 | ||||||
Prepaid expense | 374 | ||||||||
Deferred costs | 1,655 | ||||||||
Other noncurrent assets | 3 | 118 | 51 | 29 | 35 | 35 | |||
Other undisclosed noncurrent assets | 1,643 | 1,365 | 1,612 | ||||||
Total noncurrent assets: | 27,140 | 18,376 | 17,651 | 17,471 | 17,100 | 20,034 | |||
TOTAL ASSETS: | 39,013 | 20,234 | 23,118 | 23,606 | 26,899 | 28,527 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 3,561 | 2,442 | 3,575 | 5,011 | 13,156 | 5,139 | |||
Accounts payable | 2,631 | 1,708 | 2,518 | 2,859 | 11,745 | 3,004 | |||
Accrued liabilities | 605 | 335 | |||||||
Employee-related liabilities | 238 | 270 | |||||||
Interest and dividends payable | 7 | ||||||||
Other undisclosed accounts payable and accrued liabilities | 80 | 129 | 1,057 | 2,152 | 1,411 | 2,135 | |||
Debt | 747 | 3,419 | 2,455 | ||||||
Derivative instruments and hedges, liabilities | 4,397 | 496 | |||||||
Business combination, contingent consideration, liability | 7,585 | ||||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1 | ||||
Other liabilities | 8,711 | 537 | 1,500 | 1,436 | |||||
Other undisclosed current liabilities | 6,016 | 4,946 | |||||||
Total current liabilities: | 19,035 | 7,376 | 9,017 | 5,011 | 18,075 | 16,617 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 622 | 352 | 1,711 | 8,034 | |||||
Long-term debt, excluding current maturities | 379 | 1,711 | 8,034 | ||||||
Operating lease, liability | 243 | 352 | ✕ | ✕ | ✕ | ✕ | |||
Liabilities, other than long-term debt | 131 | ||||||||
Deferred income tax liabilities | 131 | ✕ | ✕ | ✕ | ✕ | ||||
Total noncurrent liabilities: | 753 | 352 | 1,711 | 8,034 | |||||
Total liabilities: | 19,788 | 7,728 | 9,017 | 6,722 | 18,075 | 24,651 | |||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 19,225 | 12,506 | 14,101 | 16,884 | 8,824 | 3,876 | |||
Common stock | 16 | ||||||||
Common stock, value, subscriptions | 880 | 678 | |||||||
Additional paid in capital | 69,551 | 48,129 | 32,870 | 37,143 | 22,529 | 13,990 | |||
Accumulated deficit | (50,342) | (35,637) | (18,778) | (21,149) | (14,390) | (10,142) | |||
Other undisclosed stockholders' equity attributable to parent | 14 | 10 | 10 | 7 | 28 | ||||
Total stockholders' equity: | 19,225 | 12,506 | 14,101 | 16,884 | 8,824 | 3,876 | |||
TOTAL LIABILITIES AND EQUITY: | 39,013 | 20,234 | 23,118 | 23,606 | 26,899 | 28,527 |
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 | ||
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Revenues | 8,647 | 3,584 | 9,881 | 23,349 | 35,763 | 30,294 | ||
Cost of revenue | (2,589) | (1,680) | (3,157) | (9,329) | (23,227) | (14,407) | ||
Gross profit: | 6,058 | 1,904 | 6,724 | 14,020 | 12,536 | 15,887 | ||
Operating expenses | (17,655) | (19,762) | (18,443) | (17,864) | (17,319) | (14,835) | ||
Operating income (loss): | (11,597) | (17,858) | (11,719) | (3,844) | (4,783) | 1,052 | ||
Nonoperating income (expense) | (3,082) | 999 | 20,463 | 534 | ||||
Investment income, nonoperating | 3,744 | |||||||
Interest and debt expense | (1,103) | (3,240) | (2,815) | (3,210) | (1,253) | |||
Income (loss) from continuing operations before equity method investments, income taxes: | (15,782) | (16,859) | 5,503 | (6,659) | (7,458) | (201) | ||
Other undisclosed income (loss) from continuing operations before income taxes | 1,103 | 3,240 | 3,210 | (2,523) | ||||
Income (loss) from continuing operations before income taxes: | (14,679) | (16,859) | 8,744 | (6,659) | (4,248) | (2,724) | ||
Income tax expense | (26) | |||||||
Net income (loss) available to common stockholders, diluted: | (14,705) | (16,859) | 8,744 | (6,659) | (4,248) | (2,724) |
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 income (loss): | (14,705) | (16,859) | 8,744 | (6,659) | (4,248) | (2,724) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (14,705) | (16,859) | 8,744 | (6,659) | (4,248) | (2,724) |
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.