$MGHL
MORGAN GROUP HOLDING CO

2020 Q4 Form 10-K Financial Statement

#000114036121011666 Filed on April 05, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $801.1K $4.436M $9.245M
YoY Change -91.34% -52.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $848.8K $4.501M $9.529M
YoY Change -91.09% -53.1% 100948.46%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.470K $11.38K
YoY Change 0.01%
% of Gross Profit
Operating Expenses $1.249M $6.069M $11.59M
YoY Change -89.22% -47.92% 122754.29%
Operating Profit
YoY Change
Interest Expense -$1.710K
YoY Change -328.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$447.8K -$1.633M -$2.341M
YoY Change -80.87% -32.15% 26874.42%
Income Tax $125.2K -$203.4K -$500.9K
% Of Pretax Income
Net Earnings -$573.0K -$1.430M -$1.840M
YoY Change -68.87% -25.0% 21113.46%
Net Earnings / Revenue -71.53% -32.24% -19.91%
Basic Earnings Per Share -$2.38
Diluted Earnings Per Share -$954.9K -$2.38 -$883.3K
COMMON SHARES
Basic Shares Outstanding 600.1K 600.1K 4.859M
Diluted Shares Outstanding 600.1K

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.746M $4.746M $6.587M
YoY Change -27.94% -27.94% 4981.07%
Cash & Equivalents $4.746M $4.746M $6.587M
Short-Term Investments
Other Short-Term Assets $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.349M $5.349M $7.811M
YoY Change -31.52% -31.52% 5597.61%
LONG-TERM ASSETS
Property, Plant & Equipment $33.92K $33.92K $44.46K
YoY Change -23.71% -23.71% -20.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $220.8K $220.8K $281.9K
YoY Change -21.67% -21.67%
Total Long-Term Assets $254.7K $254.7K $326.4K
YoY Change -21.95% -21.95% -97.34%
TOTAL ASSETS
Total Short-Term Assets $5.349M $5.349M $7.811M
Total Long-Term Assets $254.7K $254.7K $326.4K
Total Assets $5.604M $5.604M $8.137M
YoY Change -31.14% -31.14% -34.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $464.6K $464.6K $351.0K
YoY Change 32.37% 32.37% 157985.59%
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 $540.8K $540.8K $1.390M
YoY Change -61.1% -61.1% 626093.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $455.5K $455.5K $709.7K
YoY Change -35.82% -35.82%
Total Long-Term Liabilities $455.5K $455.5K $709.7K
YoY Change -35.82% -35.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $540.8K $540.8K $1.390M
Total Long-Term Liabilities $455.5K $455.5K $709.7K
Total Liabilities $996.3K $996.3K $2.100M
YoY Change -52.55% -52.55% 1.63%
SHAREHOLDERS EQUITY
Retained Earnings -$49.28M -$47.85M
YoY Change 2.99% 4.15%
Common Stock $6.001K $6.001K
YoY Change 0.0% -98.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.607M $4.607M $6.037M
YoY Change
Total Liabilities & Shareholders Equity $5.604M $5.604M $8.137M
YoY Change -31.14% -31.14% -34.29%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$573.0K -$1.430M -$1.840M
YoY Change -68.87% -25.0% 21113.46%
Depreciation, Depletion And Amortization $2.470K $11.38K
YoY Change 0.01%
Cash From Operating Activities -$662.4K -$1.840M -$2.319M
YoY Change -71.44% -22.35% 30252.62%
INVESTING ACTIVITIES
Capital Expenditures -$840.00 $842.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$840.00 -$842.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -2.374M
YoY Change -100.0% -100.0% 1218.95%
NET CHANGE
Cash From Operating Activities -662.4K -1.840M -2.319M
Cash From Investing Activities -840.0 -842.0 0.000
Cash From Financing Activities 0.000 0.000 -2.374M
Net Change In Cash -663.2K -1.841M -4.693M
YoY Change -85.87% -61.2% 2401.09%
FREE CASH FLOW
Cash From Operating Activities -$662.4K -$1.840M -$2.319M
Capital Expenditures -$840.00 $842.00 $0.00
Free Cash Flow -$661.5K -$1.841M -$2.319M
YoY Change -71.47% -22.32% 30252.62%

Facts In Submission

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RetainedEarningsAccumulatedDeficit
-47854840
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4356311
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9043111
CY2019 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
16833
CY2019 us-gaap Revenues
Revenues
9245483
CY2020 us-gaap Revenues
Revenues
4435929
CY2020Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
600090
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
515000
CY2020Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.01
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
6037341
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
4607305
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
10318044
CY2019 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
431114
CY2020 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
70488
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; color: #000000; font-weight: bold;">Use of Estimates</div><div><br /></div><div style="text-align: justify; color: #000000;">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>
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
557338
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
600090
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
557338
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
600090
CY2020 dei Amendment Flag
AmendmentFlag
false
CY2020 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-31
CY2020 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2020 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2020 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2020 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019Q4 mghl Common Stock Attributable To Members Shares Outstanding
CommonStockAttributableToMembersSharesOutstanding
600090
CY2020Q4 mghl Common Stock Attributable To Members Shares Outstanding
CommonStockAttributableToMembersSharesOutstanding
600090
CY2020 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2020Q2 dei Entity Public Float
EntityPublicFloat
819490
CY2020 dei Entity Registrant Name
EntityRegistrantName
MORGAN GROUP HOLDING CO
CY2020 dei Entity Central Index Key
EntityCentralIndexKey
0001162283
CY2020Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
600090
CY2020 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2020 dei Document Type
DocumentType
10-K
CY2020 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020 dei Entity Shell Company
EntityShellCompany
false
CY2020 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020 dei Entity Small Business
EntitySmallBusiness
true
CY2020 mghl Underwriter Payment Receiving Maximum Period
UnderwriterPaymentReceivingMaximumPeriod
P90D
CY2020Q4 mghl Deferred Tax Liabilities Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9468
CY2019Q4 mghl Deferred Tax Liabilities Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxLiabilitiesDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2349
CY2020Q4 mghl Deferred Tax Liabilities Deferred State Income Tax
DeferredTaxLiabilitiesDeferredStateIncomeTax
2955
CY2019Q4 mghl Deferred Tax Liabilities Deferred State Income Tax
DeferredTaxLiabilitiesDeferredStateIncomeTax
80
CY2019 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance State Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceStatePercentage
0.0316
CY2020 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance State Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceStatePercentage
-0.0217
CY2019 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Federal Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceFederalPercentage
0.0020
CY2020 mghl Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Federal Percentage
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceFederalPercentage
-0.0829
CY2020 mghl Number Of Nyse Member Firms Through Which All Securities Transactions Are Cleared
NumberOfNYSEMemberFirmsThroughWhichAllSecuritiesTransactionsAreCleared
3
CY2019 mghl Stockholders Equity Capital Contribution
StockholdersEquityCapitalContribution
410889
CY2019 mghl Stockholders Equity Return Of Capital
StockholdersEquityReturnOfCapital
3300000
CY2020 mghl Sales Manager Fees
SalesManagerFees
334825
CY2019 mghl Sales Manager Fees
SalesManagerFees
733422
CY2020 mghl Income Taxes Received From Parent
IncomeTaxesReceivedFromParent
107158
CY2019 mghl Income Taxes Received From Parent
IncomeTaxesReceivedFromParent
723019
CY2020Q4 mghl Deferred Income Tax Assets Net Of Valuation Allowances And Deferred Tax Liability
DeferredIncomeTaxAssetsNetOfValuationAllowancesAndDeferredTaxLiability
0
CY2019Q4 mghl Deferred Income Tax Assets Net Of Valuation Allowances And Deferred Tax Liability
DeferredIncomeTaxAssetsNetOfValuationAllowancesAndDeferredTaxLiability
2930

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