FGCO · Financial Gravity Companies, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“For the nine months ended June 30, 2022, the Company reported $3,171,235 in revenue, a net loss of $425,740, a decrease of cash of $98,100, and an accumulated deficit of $14,839,611. These operating results raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties.”View the 10-Q filed Aug 15, 2022
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.12M | $6.67M | $3.69M | $4.08M | $3.89M | $3.53M | $2.76M | $1.31M | $0 | — | $0 | $0 | $0 | — | — | — | |
| — | — | $9685 | -$145.62K | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $106.63K | $73.07K | $54.93K | $86K | $73K | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| -$785.78K | $0 | $3.69M | $4.08M | $3.8Md | $3.46Md | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| — | 0% | 100% | 100% | 97.79%d | 97.93%d | — | — | — | — | — | — | — | — | — | — | |
| — | $77.86K | $125.16K | $131.53K | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $1.14M | $672.78K | $533.81K | $747.9K | $748.48K | $408.54K | $411.24K | $340.98K | $7069 | $33.56K | $45.59K | $19.98K | — | — | — | |
| — | $1.14M | $672.78K | $533.81K | — | — | — | — | — | — | — | — | — | — | — | — | |
| $87.13K | $111.05K | $166.59K | $189.07K | $113.12K | $99.74K | $153.55K | $289 | — | — | — | — | — | — | — | — | |
| $6.66M | $7.37M | $4.6M | $4.55M | $5.3M | $4.45M | $4.88M | $2.28M | $360.39K | $38.64K | $33.56K | $45.59K | $19.98K | — | — | — | |
| — | $7.37M | $4.6M | $4.56M | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$773.61K | -$701.91K | -$911.79K | -$477.86K | -$1.41M | -$924.47K | -$2.13M | -$966.39K | — | — | — | — | — | — | — | — | |
| — | -10.52% | -24.73% | -11.73% | -36.37% | -26.19% | -77.14% | -73.78% | — | — | — | — | — | — | — | — | |
| -$686.49K | -$590.86K | -$745.2K | -$288.79K | -$1.3M | -$824.73K | -$1.97M | -$966.1K | — | — | — | — | — | — | — | — | |
| — | $9270 | $9685 | $145.62K | $106.96K | $51.5K | $8475 | $4875 | $2212 | -$29.12K | $6894 | $4666 | $1551 | — | — | — | |
| — | -$6.72M | $120.12K | -$145.62K | -$106.96K | -$51.5K | -$8475 | $22.51K | — | — | -$895 | $11.74K | -$1551 | — | — | — | |
| — | -$7658 | $0 | — | — | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| -$438.83K | -$7.42M | -$791.68K | -$623.49K | -$1.52M | -$975.98K | -$2.14M | -$943.88K | -$345.56K | -$163.79K | -$34.45K | -$33.85K | -$21.53K | -$1582 | -$9682 | -$105.27K | |
| — | -111.24% | -21.47% | -15.3% | -39.12% | -27.64% | -77.44% | -72.06% | — | — | — | — | — | — | — | — | |
| USD/shares | -$0.10 | -$0.09 | -$0.01 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 84.95M | 57.14M | 37.83M | 35.83M | 35.36M | 31.63M | 24.77M | 292.98K | 57.49K | — | — | — | — | — | — |
| shares | — | 84.95M | 57.14M | 37.83M | 35.83M | 35.36M | 31.63M | 24.77M | 292.98K | 57.49K | — | — | — | — | — | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of line of credit borrowings | 2022-06-30 | USD 49,944 | 10-Q filed 2022-08-15 |
| Notes payable, including current maturities | 2022-06-30 | USD 83,830 | 10-Q filed 2022-08-15 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2022-06-30 | USD 197,958 | 10-Q filed 2022-08-15 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2021 | FY2020 |
|---|---|---|
| Forta Financial Group | $2,895,064 | — |
| Tax Masters Network | $1,164,356 | $1,018,012 |
| MPath | $536,990 | $73,882 |
By Product & Service (USD)
| Component | FY2021 | FY2020 |
|---|---|---|
| Investment Mgmt Fee | $3,849,538 | $1,969,845 |
| Investment Mgmt Fees | $3,849,538 | $1,969,845 |
| Service Income | $1,859,958 | $1,281,611 |
| Broker Dealer Income | $963,297 | $436,024 |
| Broker Dealer | $963,297 | $436,024 |
| Income | $0 | — |