Social Reality, Inc. (SRAX) financial statements (2020 and earlier)

Company profile

Business Address 456 SEATON STREET
LOS ANGELES, CA 90013
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)

9/30/2019
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 2,7851,0171,0491,0911,8431,715
Cash and cash equivalents 2,7851,0171,0491,0911,8431,715
Receivables 1,8294,3488,4117,0563,875442
Prepaid expense 46746833330922346
Deferred costs      5
Other current assets 38730163675
Other undisclosed current assets      (5)
Total current assets: 5,4686,1359,7998,4935,9482,208
Noncurrent Assets
Property, plant and equipment 19215555442828
Intangible assets, net (including goodwill), including: 17,40815,64515,64516,31518,319
Goodwill 15,645     
Intangible assets, net (excluding goodwill) 1,7631,6431,3651,612  
Other undisclosed intangible assets, net (including goodwill)  14,00214,28014,70318,319
Prepaid expense    3741,0081,662
Deferred costs    1,6552,908 
Other noncurrent assets 512935355 
Other undisclosed noncurrent assets  1,6431,3651,612 9
Total noncurrent assets: 17,65117,47117,10020,03422,2671,699
TOTAL ASSETS: 23,11823,60626,89928,52728,2153,908
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,5755,01113,1565,1392,882813
Accounts payable 2,5182,85911,7453,004  
Accounts payable and other accrued liabilities813
Other undisclosed accounts payable and accrued liabilities 1,0572,1521,4112,1352,882 
Debt   3,4192,4551,350 
Derivative instruments and hedges, liabilities 496     
Due to related parties     2,500 
Business combination, contingent consideration, liability    7,5853,587
Deferred revenue and credits  125 
Other liabilities   1,5001,436  
Other undisclosed current liabilities 4,946     
Total current liabilities: 9,0175,01118,07516,61710,344813
Noncurrent Liabilities
Long-term debt and lease obligation  1,711 8,0347,713 
Long-term debt, excluding current maturities  1,711 8,0347,713 
Liabilities, other than long-term debt     3,145 
Business combination, contingent consideration, liability     3,145
Other undisclosed noncurrent liabilities     1,260 
Total noncurrent liabilities:  1,711 8,03412,118 
Total liabilities: 9,0176,72218,07524,65122,463813
Stockholders' equity
Stockholders' equity attributable to parent, including: 14,10116,8848,8243,8765,7523,095
Common stock, value, subscriptions  880678  
Additional paid in capital 32,87037,14322,52913,99013,1436,081
Accumulated deficit (18,778)(21,149)(14,390)(10,142)(7,418)(3,006)
Other undisclosed stockholders' equity attributable to parent 10107282720
Total stockholders' equity: 14,10116,8848,8243,8765,7523,095
TOTAL LIABILITIES AND EQUITY: 23,11823,60626,89928,52728,2153,908

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 9,88123,34935,76330,2945,1203,413
Cost of revenue (3,157)(9,329)(23,227)(14,407)(2,792)(2,326)
Gross profit: 6,72414,02012,53615,8872,3281,087
Operating expenses (18,443)(17,864)(17,319)(14,835)(6,067)(2,522)
Operating income (loss): (11,719)(3,844)(4,783)1,052(3,738)(1,435)
Nonoperating income 20,463 534   
Investment income, nonoperating   3,744   
Interest and debt expense (3,240)(2,815)(3,210)(1,253) (312)
Income (loss) from continuing operations before equity method investments, income taxes: 5,503(6,659)(7,458)(201)(3,738)(1,747)
Other undisclosed income (loss) from continuing operations before income taxes 3,240 3,210(2,523)(673) 
Net income (loss) available to common stockholders, diluted: 8,744(6,659)(4,248)(2,724)(4,412)(1,747)

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): 8,744(6,659)(4,248)(2,724)(4,412)(1,747)
Comprehensive income (loss), net of tax, attributable to parent: 8,744(6,659)(4,248)(2,724)(4,412)(1,747)

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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