Financial Gravity Companies, Inc.
Balance Sheet
| Line Item | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $306.1K | $482.9K | $36.1K | $32.2K | $444.4K | $132.8K | $801.5K | $0 |
| Accounts Receivable | — | $115.0K | $147.4K | $15.9K | $109.8K | $78.8K | $40.9K | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $842.0K | $1.1M | $195.4K | $75.6K | $623.3K | $248.4K | $887.9K | $87 |
| Property, Plant & Equipment | $38.5K | $81.7K | $140.0K | $138.3K | $127.5K | $141.1K | $6.6K | — |
| Goodwill | $3.2M | $8.5M | $1.1M | $1.1M | $1.1M | $1.1M | $663.0K | $0 |
| Intangible Assets (Excl. Goodwill) | $82.0K | $143.6K | — | — | — | — | — | — |
| Total Assets | $4.3M | $9.8M | $1.8M | $1.8M | $2.4M | $2.1M | $1.6M | $87 |
| Liabilities | ||||||||
| Accounts Payable | $32.7K | $107.7K | $174.7K | $105.4K | $51.8K | $27.2K | $82.7K | $1.7K |
| Total Current Liabilities | $1.6M | $1.7M | $493.7K | $654.2K | $435.5K | $375.8K | $131.4K | $69.5K |
| Long-Term Debt | — | $713.0K | $23.5K | $676.2K | $281.0K | $0 | — | — |
| Total Liabilities | $2.2M | $2.4M | $517.2K | $1.3M | $716.6K | $375.8K | $88.9K | $69.5K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-14.4M | $-7.0M | $-6.2M | $-5.6M | $-4.1M | $-3.1M | $-943.9K | $-730.1K |
| Total Stockholders' Equity | $2.2M | $7.5M | $1.2M | $446.3K | $1.7M | $1.7M | $1.5M | $0 |