$GLAE
GlassBridge Enterprises, Inc.

2021 Q3 Form 10-Q Financial Statement

#000149315221028573 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.300M
YoY Change 10.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $3.300M
YoY Change 10.0%
Operating Profit -$2.800M
YoY Change
Interest Expense -$200.0K
YoY Change -75.0%
% of Operating Profit
Other Income/Expense, Net $400.0K
YoY Change -500.0%
Pretax Income -$3.100M
YoY Change -11.43%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.800M
YoY Change -15.15%
Net Earnings / Revenue
Basic Earnings Per Share -$109.40
Diluted Earnings Per Share -$111.1M
COMMON SHARES
Basic Shares Outstanding 25.60K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.300M
YoY Change -35.0%
Cash & Equivalents $1.300M
Short-Term Investments
Other Short-Term Assets $400.0K
YoY Change -73.33%
Inventory
Prepaid Expenses
Receivables $100.0K
Other Receivables $0.00
Total Short-Term Assets $1.800M
YoY Change -51.35%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.80M
YoY Change 0.0%
Other Assets $200.0K
YoY Change -80.0%
Total Long-Term Assets $21.30M
YoY Change -67.73%
TOTAL ASSETS
Total Short-Term Assets $1.800M
Total Long-Term Assets $21.30M
Total Assets $23.10M
YoY Change -66.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.800M
YoY Change 55.56%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $4.500M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.10M
YoY Change 258.06%
LONG-TERM LIABILITIES
Long-Term Debt $3.200M
YoY Change -88.97%
Other Long-Term Liabilities $200.0K
YoY Change 100.0%
Total Long-Term Liabilities $3.400M
YoY Change -88.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.10M
Total Long-Term Liabilities $3.400M
Total Liabilities $36.50M
YoY Change -34.0%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$13.40M
YoY Change
Total Liabilities & Shareholders Equity $23.10M
YoY Change -66.86%

Cashflow Statement

Concept 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.800M
YoY Change -15.15%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities -$2.000M
YoY Change -13.04%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $400.0K
YoY Change -95.4%
Cash From Investing Activities $400.0K
YoY Change -94.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.100M
YoY Change -119.81%
NET CHANGE
Cash From Operating Activities -2.000M
Cash From Investing Activities 400.0K
Cash From Financing Activities 2.100M
Net Change In Cash 500.0K
YoY Change -108.47%
FREE CASH FLOW
Cash From Operating Activities -$2.000M
Capital Expenditures $0.00
Free Cash Flow -$2.000M
YoY Change 233.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Restructuring Charges
RestructuringCharges
USD
CY2021Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
USD
CY2021Q3 GLAE Gain On Reorganization
GainOnReorganization
USD
CY2020Q3 GLAE Gain On Reorganization
GainOnReorganization
USD
GLAE Gain On Reorganization
GainOnReorganization
USD
CY2021Q3 GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
CY2020Q3 GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
CY2021Q3 GLAE Defined Benefit Plan Adjustment
DefinedBenefitPlanAdjustment
USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
USD
CY2021Q3 srt Bank Loans
BankLoans
USD
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
USD
CY2020Q4 GLAE Note Payable Current
NotePayableCurrent
USD
CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
USD
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
USD
CY2021Q3 GLAE Gain On Reorganization
GainOnReorganization
USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
USD
CY2020Q4 GLAE Bankruptcy Advance Subject To Clawback
BankruptcyAdvanceSubjectToClawback
USD
CY2021Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
USD
GLAE Gain On Reorganization
GainOnReorganization
USD
GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
GLAE Defined Benefit Plan Adjustment1
DefinedBenefitPlanAdjustment1
USD
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
USD
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
USD
GLAE Disbursement Related To Disposal Group
DisbursementRelatedToDisposalGroup
USD
GLAE Proceeds From Fund Distribution
ProceedsFromFundDistribution
USD
us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
USD
GLAE Proceeds From Ghillc Note Payable
ProceedsFromGHILLCNotePayable
USD
GLAE Repayments Of Notes Payable One
RepaymentsOfNotesPayableOne
USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
GLAE Advance From Bankruptcy Trust Subject To Clawback
AdvanceFromBankruptcyTrustSubjectToClawback
USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
USD
GLAE Proceeds From Other Related Parties Notes Payable
ProceedsFromOtherRelatedPartiesNotesPayable
USD
us-gaap Interest Paid Net
InterestPaidNet
USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
USD
GLAE Payment Of Accrued Interest To Orix Ptp Holdings Llc
PaymentOfAccruedInterestToOrixPtpHoldingsLlc
USD
GLAE Payment Of Deferred Financing Costs
PaymentOfDeferredFinancingCosts
USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
USD
GLAE Disposition Of Aam To Related Party Including Orix Notes Payable
DispositionOfAamToRelatedPartyIncludingOrixNotesPayable
USD
GLAE Extinguishment Of Esw Note Payable In Chapter11 Reorganization
ExtinguishmentOfEswNotePayableInChapter11Reorganization
USD
GLAE Extinguishment Of Debtorinpossession Loan In Chapter11 Reorganization
ExtinguishmentOfDebtorinpossessionLoanInChapter11Reorganization
USD
GLAE Forgiveness Of Bank Loan
ForgivenessOfBankLoan
USD
GLAE Extinguishment Of Stock Purchase Agreement Note Payable
ExtinguishmentOfStockPurchaseAgreementNotePayable
USD
GLAE Recognition Of Related Party Debt And Accrued Interest Payable To Fintech Debt Corp.
RecognitionOfRelatedPartyDebtAndAccruedInterestPayableToFintechDebtCorp.
USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
USD
CY2021Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
USD
CY2021Q3 GLAE Defined Benefit Plan Adjustment
DefinedBenefitPlanAdjustment
USD
CY2020Q3 GLAE Defined Benefit Plan Adjustment
DefinedBenefitPlanAdjustment
USD
GLAE Defined Benefit Plan Adjustment
DefinedBenefitPlanAdjustment
USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
CY2020Q3 GLAE Gain On Reorganization
GainOnReorganization
USD
GLAE Gain On Reorganization
GainOnReorganization
USD
CY2021Q3 GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
CY2020Q3 GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD
GLAE Bank Loan Forgiveness
BankLoanForgiveness
USD

Files In Submission

Name View Source Status
0001493152-21-028573-index-headers.html Edgar Link pending
0001493152-21-028573-index.html Edgar Link pending
0001493152-21-028573.txt Edgar Link pending
0001493152-21-028573-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
form10-q_htm.xml Edgar Link completed
glae-20210930.xsd Edgar Link pending
glae-20210930_cal.xml Edgar Link unprocessable
glae-20210930_def.xml Edgar Link unprocessable
glae-20210930_lab.xml Edgar Link unprocessable
glae-20210930_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending