2018 Form 10-K Financial Statement
#000121390020010370 Filed on April 29, 2020
Income Statement
| Concept | 2018 |
|---|---|
| Revenue | $9.020M |
| YoY Change | 17939.75% |
| Cost Of Revenue | $5.990M |
| YoY Change | 29850.0% |
| Gross Profit | $3.030M |
| YoY Change | 10000.0% |
| Gross Profit Margin | 33.59% |
| Selling, General & Admin | $3.020M |
| YoY Change | 655.0% |
| % of Gross Profit | 99.67% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $580.0K |
| YoY Change | |
| % of Gross Profit | 19.14% |
| Operating Expenses | $9.553M |
| YoY Change | 2288.24% |
| Operating Profit | $533.1K |
| YoY Change | -244.07% |
| Interest Expense | $800.5K |
| YoY Change | -2768.22% |
| % of Operating Profit | 150.16% |
| Other Income/Expense, Net | -$860.5K |
| YoY Change | |
| Pretax Income | -$1.390M |
| YoY Change | 247.5% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$1.394M |
| YoY Change | 248.39% |
| Net Earnings / Revenue | -15.45% |
| Basic Earnings Per Share | -$0.26 |
| Diluted Earnings Per Share | -$256.9K |
| COMMON SHARES | |
| Basic Shares Outstanding | 5.411M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $110.0K |
| YoY Change | -52.17% |
| Cash & Equivalents | $110.0K |
| Short-Term Investments | |
| Other Short-Term Assets | $30.00K |
| YoY Change | -81.25% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $410.0K |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $550.0K |
| YoY Change | -57.69% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $70.00K |
| YoY Change | -41.67% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $380.0K |
| YoY Change | -82.73% |
| Total Long-Term Assets | $11.45M |
| YoY Change | 393.53% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $550.0K |
| Total Long-Term Assets | $11.45M |
| Total Assets | $12.00M |
| YoY Change | 231.49% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $470.0K |
| YoY Change | -79.74% |
| Accrued Expenses | $730.0K |
| YoY Change | -14.12% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $30.00K |
| YoY Change | -99.78% |
| Total Short-Term Liabilities | $1.220M |
| YoY Change | -92.86% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $12.50M |
| YoY Change | |
| Other Long-Term Liabilities | $0.00 |
| YoY Change | -100.0% |
| Total Long-Term Liabilities | $12.50M |
| YoY Change | 41566.67% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.220M |
| Total Long-Term Liabilities | $12.50M |
| Total Liabilities | $13.72M |
| YoY Change | -19.86% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | -$1.720M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $12.00M |
| YoY Change | 231.49% |
Cashflow Statement
| Concept | 2018 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$1.394M |
| YoY Change | 248.39% |
| Depreciation, Depletion And Amortization | $580.0K |
| YoY Change | |
| Cash From Operating Activities | -$130.0K |
| YoY Change | 160.0% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $0.00 |
| YoY Change | |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $220.0K |
| YoY Change | |
| Cash From Investing Activities | $220.0K |
| YoY Change | |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 30.00K |
| YoY Change | -40.0% |
| NET CHANGE | |
| Cash From Operating Activities | -130.0K |
| Cash From Investing Activities | 220.0K |
| Cash From Financing Activities | 30.00K |
| Net Change In Cash | 120.0K |
| YoY Change | |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$130.0K |
| Capital Expenditures | $0.00 |
| Free Cash Flow | -$130.0K |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018 | olbg |
Gain From Settlement
GainFromSettlement
|
USD | |
| CY2018 | olbg |
Gain On Settlement Of Payables
GainOnSettlementOfPayables
|
16039 | USD |
| CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6799 | USD |
| CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-860478 | USD |
| CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5411446 | shares |
| CY2019 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
| CY2018 | us-gaap |
Interest Expense
InterestExpense
|
800467 | USD |
| CY2018 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
541904 | USD |
| CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1393544 | USD |
| CY2018 | olbg |
Transaction And Processing Fees
TransactionAndProcessingFees
|
8863008 | USD |
| CY2018 | olbg |
Merchant Cash Advance Revenue And Other
MerchantCashAdvanceRevenueAndOther
|
35756 | USD |
| CY2018 | olbg |
Other Revenue
OtherRevenue
|
121112 | USD |
| CY2018 | us-gaap |
Revenues
Revenues
|
9019876 | USD |
| CY2018 | olbg |
Processing And Servicing Costs
ProcessingAndServicingCosts
|
5992619 | USD |
| CY2018 | us-gaap |
Salaries And Wages
SalariesAndWages
|
1401192 | USD |
| CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1435717 | USD |
| CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
9552942 | USD |
| CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
533066 | USD |
| CY2018 | olbg |
Outside Commissions
OutsideCommissions
|
181510 | USD |
| CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 |
