$MGHL
MORGAN GROUP HOLDING CO

2018 Q4 Form 10-K Financial Statement

#000114036120007734 Filed on April 02, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $0.00 -$12.08M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.430K $57.81K $10.00K
YoY Change -5.7% 4.88% 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.614K
YoY Change
% of Gross Profit
Operating Expenses $9.430K $14.31M $10.00K
YoY Change -5.7% 25866.73% 0.0%
Operating Profit
YoY Change
Interest Expense $750.00 $2.070K $0.00
YoY Change 840.91%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$8.680K -$26.40M -$10.00K
YoY Change -13.2% 47979.84% 0.0%
Income Tax $0.00 -$6.103M $0.00
% Of Pretax Income
Net Earnings -$8.676K -$20.29M -$10.00K
YoY Change -13.24% 36863.39% 0.0%
Net Earnings / Revenue
Basic Earnings Per Share -$0.37
Diluted Earnings Per Share -$1.785K -$0.37 -$2.976K
COMMON SHARES
Basic Shares Outstanding 54.54M
Diluted Shares Outstanding 54.54M

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $129.6K $129.6K $20.00K
YoY Change 548.2% 650.67% -66.67%
Cash & Equivalents $11.33M $129.6K $11.66M
Short-Term Investments
Other Short-Term Assets $0.00 $7.450K $0.00
YoY Change 2157.58%
Inventory
Prepaid Expenses $7.454K
Receivables
Other Receivables
Total Short-Term Assets $137.1K $137.1K $20.00K
YoY Change 585.45% 678.92% -71.43%
LONG-TERM ASSETS
Property, Plant & Equipment $55.84K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $12.25M $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $137.1K $137.1K $20.00K
Total Long-Term Assets $12.25M $0.00 $0.00
Total Assets $12.38M $137.1K $20.00K
YoY Change 61821.0% 678.92% -71.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $220.00 $10.00K
YoY Change -100.0% -95.6%
Accrued Expenses $222.00
YoY Change
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 $222.00 $220.00 $10.00K
YoY Change -97.78% -95.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $222.00 $220.00 $10.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.066M $220.00 $10.00K
YoY Change 20561.56% -95.6%
SHAREHOLDERS EQUITY
Retained Earnings -$45.95M
YoY Change
Common Stock $548.6K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.32M $136.9K $12.61K
YoY Change
Total Liabilities & Shareholders Equity $12.38M $137.1K $20.00K
YoY Change 61821.0% 678.92% -71.43%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$8.676K -$20.29M -$10.00K
YoY Change -13.24% 36863.39% 0.0%
Depreciation, Depletion And Amortization $9.614K
YoY Change
Cash From Operating Activities -$7.640K -$246.6K -$10.00K
YoY Change -23.6% 422.61%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $60.26K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 -$60.26K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $180.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -180.0K 180.0K
YoY Change
NET CHANGE
Cash From Operating Activities -7.640K -246.6K -10.00K
Cash From Investing Activities 0.000 -60.26K
Cash From Financing Activities -180.0K 180.0K
Net Change In Cash -187.6K -126.9K -10.00K
YoY Change 1776.4% 168.86%
FREE CASH FLOW
Cash From Operating Activities -$7.640K -$246.6K -$10.00K
Capital Expenditures $0.00 $60.26K
Free Cash Flow -$7.640K -$306.9K
YoY Change

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-45948248
CY2019 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
16833
CY2018 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
23406
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8303114
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9043111
CY2018 us-gaap Revenues
Revenues
-12082972
CY2019 us-gaap Revenues
Revenues
9245483
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
515000
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
180000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
10318044
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
6037341
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
12606
CY2018 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
102931
CY2019 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
431114
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5688
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3071
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4494
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Use of Estimates</div><div><br /></div><div style="text-align: justify; color: rgb(0, 0, 0);">The Company&#8217;s financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;), which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during that reporting period.&#160; Actual results could differ from those estimates.</div></div>
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54542617
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55733800
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55733800
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54542617
CY2019Q4 mghl Deferred Income Tax Assets Net Of Valuation Allowances And Deferred Tax Liability
DeferredIncomeTaxAssetsNetOfValuationAllowancesAndDeferredTaxLiability
2930
CY2018Q4 mghl Deferred Income Tax Assets Net Of Valuation Allowances And Deferred Tax Liability
DeferredIncomeTaxAssetsNetOfValuationAllowancesAndDeferredTaxLiability
273009
CY2018 mghl Income Taxes Received From Parent
IncomeTaxesReceivedFromParent
1257279
CY2019 mghl Income Taxes Received From Parent
IncomeTaxesReceivedFromParent
723019
CY2018Q4 mghl Common Stock Attributable To Members Shares Outstanding
CommonStockAttributableToMembersSharesOutstanding
54859005
CY2019Q4 mghl Common Stock Attributable To Members Shares Outstanding
CommonStockAttributableToMembersSharesOutstanding
60009005
CY2018 mghl Principal Transactions
PrincipalTransactions
22302729
CY2019 mghl Principal Transactions
PrincipalTransactions
9416
CY2019 mghl Research Services Fees From Affiliated Entities
ResearchServicesFeesFromAffiliatedEntities
1502500
CY2018 mghl Research Services Fees From Affiliated Entities
ResearchServicesFeesFromAffiliatedEntities
2030000
CY2019 mghl Sales Manager Fees
SalesManagerFees
733422
CY2018 mghl Sales Manager Fees
SalesManagerFees
15616
CY2018 mghl Stockholders Equity Return Of Capital
StockholdersEquityReturnOfCapital
85606259
CY2019 mghl Stockholders Equity Return Of Capital
StockholdersEquityReturnOfCapital
3300000
CY2019 mghl Stockholders Equity Capital Contribution
StockholdersEquityCapitalContribution
410889
CY2019 mghl Number Of Nyse Member Firms Through Which All Securities Transactions Are Cleared
NumberOfNYSEMemberFirmsThroughWhichAllSecuritiesTransactionsAreCleared
3
CY2018 mghl Treasury Stock Reissued At Lower Than Repurchase Price Acquisitions
TreasuryStockReissuedAtLowerThanRepurchasePriceAcquisitions
116024600
CY2019 mghl Underwriter Payment Receiving Maximum Period
UnderwriterPaymentReceivingMaximumPeriod
P90D
CY2018Q4 mghl Deferred Tax Liabilities Deferred State Income Tax
DeferredTaxLiabilitiesDeferredStateIncomeTax
11432
CY2019Q4 mghl Deferred Tax Liabilities Deferred State Income Tax
DeferredTaxLiabilitiesDeferredStateIncomeTax
80
CY2018Q4 mghl Deferred Tax Liabilities Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
0
CY2019Q4 mghl Deferred Tax Liabilities Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2349
CY2018 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance State Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceStatePercentage
-0.0024
CY2019 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance State Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceStatePercentage
0.0316
CY2018 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Federal Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceFederalPercentage
-0.0004
CY2019 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Federal Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceFederalPercentage
0.0020

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