Great Elm Group Inc
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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FY2024 · Filed Aug 29, 2024
GEG$2.150.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at June 30, 2024 and 2023
Dollar amounts in thousands, except per share amounts
| ASSETS | June 30, 2024 | June 30, 2023 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $48,147 | $60,165 |
| Restricted cash | 1,571 | - |
| Receivables from managed funds | 2,259 | 3,308 |
| Investments in marketable securities | 9,929 | 24,595 |
| Investments, at fair value (cost $54,261 and $40,387, respectively) | 44,585 | 32,611 |
| Prepaid and other current assets | 1,215 | 717 |
| Real estate under development | 5,769 | 1,742 |
| Assets of Consolidated Funds: | ||
| Cash and cash equivalents | 2,371 | - |
| Investments, at fair value (cost $11,338) | 11,471 | - |
| Other assets | 253 | - |
| Total current assets | 127,570 | 123,138 |
| Identifiable intangible assets, net | 11,037 | 12,115 |
| Right-of-use assets | 225 | 497 |
| Other assets | 1,614 | 143 |
| Total assets | $140,446 | $135,893 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $317 | $191 |
| Accrued expenses and other current liabilities | 7,009 | 5,418 |
| Current portion of related party payables | 634 | 1,409 |
| Current portion of lease liabilities | 137 | 359 |
| Liabilities of Consolidated Funds: | ||
| Payable for securities purchased | 100 | - |
| Accrued expenses and other liabilities | 162 | - |
| Total current liabilities | 8,359 | 7,377 |
| Lease liabilities, net of current portion | 57 | 142 |
| Long-term debt (face value $26,945) | 26,090 | 25,808 |
| Related party payables, net of current portion | - | 926 |
| Convertible notes (face value $35,494 and $37,912, including $16,174 and $15,395 held by related parties, respectively) | 34,900 | 37,129 |
| Other liabilities | 845 | 669 |
| Total liabilities | 70,251 | 72,051 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity | ||
| Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding | - | - |
| Common stock, $0.001 par value; 350,000,000 shares authorized and 31,875,285 shares issued and 30,494,448 outstanding at June 30, 2024; and 30,651,047 shares issued and 29,546,655 outstanding at June 30, 2023 | 30 | 30 |
| Additional paid-in-capital | 3,315,638 | 3,315,378 |
| Accumulated deficit | (3,252,954) | (3,251,566) |
| Total Great Elm Group, Inc. stockholders' equity | 62,714 | 63,842 |
| Non-controlling interests | 7,481 | - |
| Total stockholders' equity | 70,195 | 63,842 |
| Total liabilities and stockholders' equity | $140,446 | $135,893 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.