2017 Q4 Form 10-K Financial Statement

#000114420418028826 Filed on May 15, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $70.00K $77.00K $0.00
YoY Change
Cost Of Revenue $950.0K $1.591M
YoY Change
Gross Profit -$880.0K -$1.514M
YoY Change
Gross Profit Margin -1257.14% -1965.9%
Selling, General & Admin $1.080M $4.721M $1.550M
YoY Change -30.32% 166.39% 3000.0%
% of Gross Profit
Research & Development $10.00K $114.9K $410.0K
YoY Change -97.56% -72.1%
% of Gross Profit
Depreciation & Amortization $290.0K $12.47K $0.00
YoY Change 3097.18%
% of Gross Profit
Operating Expenses $1.090M $4.836M $1.960M
YoY Change -44.39% 121.42% 3820.0%
Operating Profit -$1.970M -$6.349M
YoY Change
Interest Expense $60.00K $65.03K -$10.00K
YoY Change -700.0% -1789.09% -200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.910M -$6.284M -$1.980M
YoY Change -3.54% 187.25% 6500.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.910M -$6.284M -$1.980M
YoY Change -3.54% 187.25% 6500.0%
Net Earnings / Revenue -2728.57% -8161.98%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.06 -$9.268M -$14.14
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 23.39M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $600.0K $619.3K $600.0K
YoY Change 0.0% 3.5% -73.91%
Cash & Equivalents $3.619M $598.3K
Short-Term Investments
Other Short-Term Assets $3.200M $3.189M $100.0K
YoY Change 3100.0% 2522.35% 234.14%
Inventory
Prepaid Expenses
Receivables $53.20K $53.20K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.861M $3.861M $719.9K
YoY Change 436.33% 436.34% -69.39%
LONG-TERM ASSETS
Property, Plant & Equipment $2.688M $2.688M $547.8K
YoY Change 390.64% 390.64%
Goodwill
YoY Change
Intangibles $20.00K $20.00K
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.708M $2.708M $567.8K
YoY Change 376.88% 376.87%
TOTAL ASSETS
Total Short-Term Assets $3.861M $3.861M $719.9K
Total Long-Term Assets $2.708M $2.708M $567.8K
Total Assets $6.569M $6.569M $1.288M
YoY Change 410.12% 410.11% -45.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $162.3K $162.3K $154.4K
YoY Change 5.15% 5.15% 1502.75%
Accrued Expenses $222.7K $150.1K $54.79K
YoY Change 306.47% 174.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $416.4K $3.416M $346.3K
YoY Change 20.25% 886.47% 302.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $416.4K $3.416M $346.3K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.416M $3.416M $346.3K
YoY Change 886.48% 886.47% 246.33%
SHAREHOLDERS EQUITY
Retained Earnings -$8.472M -$2.188M
YoY Change 287.25% -96.5%
Common Stock $285.2K $220.5K
YoY Change 29.34% 137.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.984M $3.152M $772.9K
YoY Change
Total Liabilities & Shareholders Equity $6.569M $6.569M $1.288M
YoY Change 410.12% 410.11% -45.25%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$1.910M -$6.284M -$1.980M
YoY Change -3.54% 187.25% 6500.0%
Depreciation, Depletion And Amortization $290.0K $12.47K $0.00
YoY Change 3097.18%
Cash From Operating Activities -$1.540M -$4.194M -$650.0K
YoY Change 136.92% 268.6% 6400.0%
INVESTING ACTIVITIES
Capital Expenditures $530.0K -$2.040M $430.0K
YoY Change 23.26% 375.63%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $950.0K
YoY Change -100.0% -100.0% 313.04%
Cash From Investing Activities -$530.0K -$2.040M $520.0K
YoY Change -201.92% -493.34% 126.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.980M $9.255M 580.0K
YoY Change 586.21% 660.05%
NET CHANGE
Cash From Operating Activities -1.540M -$4.194M -650.0K
Cash From Investing Activities -530.0K -$2.040M 520.0K
Cash From Financing Activities 3.980M $9.255M 580.0K
Net Change In Cash 1.910M $3.021M 450.0K
YoY Change 324.44% 404.92% 104.55%
FREE CASH FLOW
Cash From Operating Activities -$1.540M -$4.194M -$650.0K
Capital Expenditures $530.0K -$2.040M $430.0K
Free Cash Flow -$2.070M -$2.155M -$1.080M
YoY Change 91.67% 203.88%

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>1.&#160;&#160;&#160;Nature of Operations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">TheMaven, Inc. (&#8220;Parent&#8221;) and Maven Coalition, Inc. (&#8220;Subsidiary&#8221;) (collectively &#8220;TheMaven&#8221; or the &#8220;Company&#8221;) are developing an exclusive network of professionally managed online media channels, with an underlying technology platform. Each channel will be operated by a invite only Channel Partner drawn from subject matter experts, reporters, group evangelists and social leaders. Channel Partners will publish content and oversee an online community for their respective channels, leveraging a proprietary, socially-driven, mobile-enabled, video-focused technology platform to engage niche audiences within a single network.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

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