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SMG Industries Inc.【SMGI】

Market cap
$348.47K
P/E ratio
SummaryFinancials
Back to summarized table
Dec 31,
2011		Dec 31,
2012		Dec 31,
2013		Dec 31,
2014		Dec 31,
2015		Dec 31,
2016		Dec 31,
2017		Dec 31,
2018		Dec 31,
2019		Dec 31,
2020		Dec 31,
2021		Dec 31,
2022
Net loss from continuing operations------------11,750,787
Share based compensation--5,9005,2005,3508,700211,32081,657246,09966,56667,46061,043
Depreciation and amortization---------555
Amortization of Debt Issuance Costs------63,482178,267516,956609,39624
Operating Lease Right-of-Use Asset Amortization---------286,790436,787457,325
Shares issued for debt extension------------643,467
Bad debt expense-------10,43922,907121,081474,708454,990208,996
Loss on settlement of liabilities---------69,512-21,407-41,397-
Gain on disposal of assets-------18,47313,386-1,298220,31543,624330,499
Gain extinguishment of debt------7,1189,151-82,84394,3395564,814
Accounts receivable------144,996240,822-565,833-2,782,0387691,441
Prepaid expenses and other current assets--4,158-8,31617,448-24,386-24,9595,992-35,973-558,182-3,118,119-3,767,578
Other assets----------241,940165,520
Accounts payable--------765,706-2,158,3623-1,005,206
Accounts payable - related party------45,585-45,585-130,444-75,842471,001
Accrued expenses and other liabilities-------86,215128,333298,60822-980,656
Right of use operating lease liabilities--------162,527136,050537,616172,736
Deferred revenue-------39,877-3,498--30,000128,000
Net cash used in operating activities from continuing operations---19-589,078-345,861----3,730,505-8,744,665-805,855
Net cash provided by operating activities from discontinued operations----------242,162568,51980,450
Net cash used in operating activities-21,368,940-4,829,7779----416,656-384,377-281,097-3,972,667-8,176,146-725,405
Proceeds from Sale of Property, Plant, and Equipment---------4,200-895,564
Cash paid for disposition of MG Cleaners, LLC---------75,00035,000-
Cash paid for purchase of property and equipment1,012-----38,247116,56448,399404,20097,026301,412
Net cash used in investing activities from continuing operations----------6,795,168-132,026594,152
Net cash provided by (used in) investing activities-1,012------17,083-402,564-548,399-6,837,536-132,026594,152
Payment of deferred financing costs---------223,55820,623-
Proceeds from secured line of credit, net-----------1
Proceeds from notes payable------346,150546,243-6155
Payments on notes payable------299,780494,411-1166
Payments on convertible notes payable----------50,000-
Proceeds from Convertible Debt-------250,00050,00034-
Net cash provided by financing activities from continuing operations----16,193,792-3,247,693----119328,570
Net cash used in financing activities from discontinued operations---------484,235-226,932-80,450
Net cash provided by financing activities247-13,560,292---496,848702,979858,242128248,120
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH--------28,746949,520137,088116,867
Income Taxes Paid---31,62385,867-------
Interest Paid, Net------101,375119,438221,140265
Right of use assets capitalized----------2-
Preferred stock dividend--------30,740254,04175,000-
Settlement of note payable and accrued interest with common stock issuance----------73,818138,750
Common Stock Issued Value Settlement Of Accounts Payable--------144,01666,00041,000-
Note receivable for property and equipment----------616,683275,000
Shares issued for deferred financing costs---------419,788337,500397,773
Prepaid expenses financed with note payable--------234,914100,99734
Equipment received in exchange for settlement of notes receivable---------223,200-919,946
Debt Instrument, Convertible, Beneficial Conversion Feature-------100,000-15-
Conversion Of Convertible Preferred Stock Into Common Stock----------182,657-
Convertible notes payable issued to settle accounts payable and accrued expenses----------1-