10-Q
Quarterly Report
Fundamental Global Inc.
FGFPP
NASDAQ
CIK: 1591890
File #: 001-36366
Balance Sheet
65 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and Cash Equivalents | 7,209,000 | 6,644,000 |
CANADA | 900,000 | — |
Accounts Receivable | 6,285,000 | 6,477,000 |
Inventory | 4,446,000 | 4,079,000 |
Cash and Cash Equivalents | 9,472,000 | 10,552,000 |
Cash and Cash Equivalents | 39,614,000 | 17,469,000 |
FGMP | 9,000,000 | — |
FGMP - Maximum | 400,000 | — |
Property, Plant and Equipment | 4,286,000 | 12,220,000 |
Operating Lease Right-of-Use Asset | 351,000 | 371,000 |
Other Non-Operating Non-Current Assets | 1,136,000 | 1,258,000 |
Deferred policy acquisition costs | 1,814,000 | — |
Other Non-Operating Current Assets | 17,805,000 | — |
Funds deposited with reinsured companies | 8,055,000 | — |
Goodwill | 881,000 | 903,000 |
Other Non-Operating Current Assets | — | 940,000 |
Other Non-Operating Non-Current Assets | 6,238,000 | — |
Other Non-Operating Current Assets | 2,687,000 | 1,230,000 |
Equity Method Investments | 20,000 | — |
Total assets | 110,279,000 | 62,143,000 |
Equity Method Investments | 78,689,000 | — |
Insurance | 38,628,000 | — |
Asset Management | 38,863,000 | — |
Strong Global Entertainment | 20,651,000 | — |
Other Operating Segment | 12,137,000 | — |
LIABILITIES | ||
Accounts Payable | 8,353,000 | 7,209,000 |
Deferred revenue and customer deposits | 1,881,000 | 1,336,000 |
Restructuring Provisions | 9,023,000 | — |
Unearned premium reserves | 9,234,000 | — |
Operating Lease Liability, Current | 397,000 | 421,000 |
Finance lease liabilities | 1,218,000 | 1,283,000 |
Short-Term Debt | 4,592,000 | 4,732,000 |
Strong/MDI 20-year Installment Loan | 2,145,000 | 2,227,000 |
Strong/MDI Revolving Credit Facility | 2,447,000 | 2,438,000 |
Insurance Note Payable | — | 83,000 |
Long-Term Debt | 5,369,000 | 5,461,000 |
Tenant Improvement Loan | 117,000 | 126,000 |
ICS Promissory Note | 388,000 | 446,000 |
Digital Ignition Buliding Loan | 4,879,000 | 4,925,000 |
Deferred Tax Liabilities, Current | 3,354,000 | 3,200,000 |
Other Non-Operating Current Liabilities | 161,000 | 1,392,000 |
Other Non-Operating Non-Current Liabilities | 93,000 | 102,000 |
Total liabilities | 43,675,000 | 25,136,000 |
Equity Method Investments | 50,000 | — |
SHAREHOLDERS’ EQUITY | ||
Preferred Stock | 22,365,000 | — |
Total Stockholders' Equity | 28,000 | 225,000 |
Total Stockholders' Equity | 49,689,000 | 55,856,000 |
Total Stockholders' Equity | (2,161,000) | 2,336,000 |
Treasury stock, 2,794,472 shares at cost as of December 31, 2023 | — | 18,586,000 |
Total Stockholders' Equity | (5,119,000) | (4,682,000) |
Total Fundamental Global stockholders’ equity | 64,802,000 | 35,149,000 |
Noncontrolling Interest | 1,802,000 | 1,858,000 |
Total stockholders’ equity | 66,604,000 | 37,007,000 |
Preferred Stock | 22,365,000 | — |
Common Stock | 28,000 | 225,000 |
Additional Paid-in Capital | 49,689,000 | 55,856,000 |
Retained Earnings | (2,161,000) | 2,336,000 |
Treasury Stock, Common | — | (18,586,000) |
AOCI Attributable to Parent | (5,119,000) | (4,682,000) |
Parent | 64,802,000 | 35,149,000 |
Noncontrolling Interest | 1,802,000 | 1,858,000 |
Total liabilities and stockholders’ equity | 110,279,000 | 62,143,000 |