$OLB
OLB Group Inc

2021 Form 10-K Financial Statement

#000121390022015583 Filed on March 28, 2022

View on sec.gov

Income Statement

Concept 2021 2020
Revenue $16.71M $9.770M
YoY Change 71.04% -5.05%
Cost Of Revenue $13.48M $6.000M
YoY Change 124.67% -10.71%
Gross Profit $3.231M $3.760M
YoY Change -14.08% 5.32%
Gross Profit Margin 19.33% 38.49%
Selling, General & Admin $6.104M $3.650M
YoY Change 67.24% 20.86%
% of Gross Profit 188.96% 97.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.891M $860.0K
YoY Change 119.87% 2.38%
% of Gross Profit 58.53% 22.87%
Operating Expenses $7.995M $4.500M
YoY Change 77.67% 17.19%
Operating Profit -$4.765M -$740.0K
YoY Change 543.88% 174.07%
Interest Expense -$116.7K -$1.040M
YoY Change -88.78% -16.8%
% of Operating Profit
Other Income/Expense, Net $50.00 $0.00
YoY Change
Pretax Income -$4.978M -$1.780M
YoY Change 179.68% 32.84%
Income Tax
% Of Pretax Income
Net Earnings -$4.978M -$1.780M
YoY Change 179.68% 32.84%
Net Earnings / Revenue -29.79% -18.22%
Basic Earnings Per Share
Diluted Earnings Per Share -$628.7K -$311.7K
COMMON SHARES
Basic Shares Outstanding 7.918M shares
Diluted Shares Outstanding 7.918M shares

Balance Sheet

Concept 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.470M $3.820M
YoY Change -9.15% 649.02%
Cash & Equivalents $3.820M
Short-Term Investments
Other Short-Term Assets $744.4K $30.00K
YoY Change 2381.37% -76.92%
Inventory
Prepaid Expenses
Receivables $670.8K $360.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.886M $4.210M
YoY Change 16.05% 279.28%
LONG-TERM ASSETS
Property, Plant & Equipment $9.370M $290.0K
YoY Change 3130.91% 625.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $451.9K $380.0K
YoY Change 18.92% -28.3%
Total Long-Term Assets $40.64M $10.17M
YoY Change 299.65% -5.48%
TOTAL ASSETS
Total Short-Term Assets $4.886M $4.210M
Total Long-Term Assets $40.64M $10.17M
Total Assets $45.53M $14.38M
YoY Change 216.62% 21.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $501.8K $360.0K
YoY Change 39.38% -38.98%
Accrued Expenses $549.4K $190.0K
YoY Change 189.14% -82.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $450.0K
YoY Change -100.0% -36.62%
Total Short-Term Liabilities $3.051M $1.000M
YoY Change 205.11% -59.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $7.440M
YoY Change -100.0% -38.92%
Other Long-Term Liabilities $273.2K $190.0K
YoY Change 43.77%
Total Long-Term Liabilities $273.2K $7.630M
YoY Change -96.42% -37.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.051M $1.000M
Total Long-Term Liabilities $273.2K $7.630M
Total Liabilities $3.324M $8.630M
YoY Change -61.48% -41.17%
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 $42.21M $5.750M
YoY Change
Total Liabilities & Shareholders Equity $45.53M $14.38M
YoY Change 216.62% 21.15%

Cashflow Statement

Concept 2021 2020
OPERATING ACTIVITIES
Net Income -$4.978M -$1.780M
YoY Change 179.68% 32.84%
Depreciation, Depletion And Amortization $1.891M $860.0K
YoY Change 119.87% 2.38%
Cash From Operating Activities -$3.508M -$330.0K
YoY Change 963.05% -237.5%
INVESTING ACTIVITIES
Capital Expenditures -$25.66M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$25.66M -$150.0K
YoY Change 17007.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.82M 3.790M
YoY Change 660.3% 2426.67%
NET CHANGE
Cash From Operating Activities -3.508M -330.0K
Cash From Investing Activities -25.66M -150.0K
Cash From Financing Activities 28.82M 3.790M
Net Change In Cash -354.2K 3.310M
YoY Change -110.7% 748.72%
FREE CASH FLOW
Cash From Operating Activities -$3.508M -$330.0K
Capital Expenditures -$25.66M
Free Cash Flow $22.15M -$330.0K
YoY Change -6813.19% -237.5%

Facts In Submission

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