10-Q
Quarterly Report
Fundamental Global Inc.
FGFPP
NASDAQ
CIK: 1591890
File #: 001-36366
Balance Sheet
56 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and Cash Equivalents | 6,460,000 | 5,995,000 |
Accounts Receivable | 4,813,000 | 3,529,000 |
Inventory | 1,480,000 | 1,482,000 |
Cash and Cash Equivalents | 9,152,000 | 10,552,000 |
Other equity securities and other holdings | 58,980,000 | 17,469,000 |
Property, Plant and Equipment | 3,067,000 | 11,115,000 |
Operating Lease Right-of-Use Asset | 249,000 | 371,000 |
Other Non-Operating Non-Current Assets | 1,006,000 | 1,258,000 |
Deferred policy acquisition costs | 1,939,000 | — |
Other Non-Operating Current Assets | 19,245,000 | — |
Funds deposited with reinsured companies | 8,350,000 | — |
Other Non-Operating Current Assets | — | 9,886,000 |
Strong MDI | — | 8,946,000 |
Strong Studios | — | 940,000 |
Other Non-Operating Current Assets | 1,218,000 | 486,000 |
Equity Method Investments | 327,000 | — |
Total assets | 115,959,000 | 62,143,000 |
Equity Method Investments | 57,185,000 | — |
Reinsurance | 37,666,000 | — |
Merchant Banking | 60,248,000 | — |
Managed Services | 12,781,000 | — |
Other Operating Segment | 5,264,000 | — |
LIABILITIES | ||
Accounts Payable | 5,836,000 | 4,834,000 |
Deferred revenue and customer deposits | 900,000 | 867,000 |
Restructuring Provisions | 11,200,000 | — |
Unearned premium reserves | 8,040,000 | — |
Operating Lease Liability, Current | 288,000 | 421,000 |
Finance lease liabilities | 1,036,000 | 1,283,000 |
Short-Term Debt | 2,360,000 | 2,294,000 |
Long-Term Debt | 369,000 | 5,461,000 |
Deferred Tax Liabilities, Current | 2,607,000 | 3,075,000 |
Other Non-Operating Current Liabilities | — | 6,799,000 |
Other Non-Operating Non-Current Liabilities | 123,000 | 102,000 |
Total liabilities | 32,759,000 | 25,136,000 |
Equity Method Investments | 13,287,000 | — |
SHAREHOLDERS’ EQUITY | ||
Preferred Stock | 22,365,000 | — |
Total Stockholders' Equity | 29,000 | 225,000 |
Total Stockholders' Equity | 50,470,000 | 55,856,000 |
Total Stockholders' Equity | 8,822,000 | 2,336,000 |
Treasury stock, 111,779 shares at cost as of December 31, 2023 | — | 18,586,000 |
Total Stockholders' Equity | 1,514,000 | (4,682,000) |
Total Fundamental Global stockholders’ equity | 83,200,000 | 35,149,000 |
Noncontrolling Interest | — | 1,858,000 |
Total stockholders’ equity | 83,200,000 | 37,007,000 |
Preferred Stock | 22,365,000 | — |
Common Stock | 29,000 | 225,000 |
Additional Paid-in Capital | 50,470,000 | 55,856,000 |
Retained Earnings | 8,822,000 | 2,336,000 |
Treasury Stock, Common | — | (18,586,000) |
AOCI Attributable to Parent | 1,514,000 | (4,682,000) |
Parent | 83,200,000 | 35,149,000 |
Noncontrolling Interest | — | 1,858,000 |
Total liabilities and stockholders’ equity | 115,959,000 | 62,143,000 |