FG Communities Holdings Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

FGNXP$25.99+4.4%Stored close · as of Sep 25, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

($ in thousands, except share and per share data)

	December 31, 2024	December 31, 2023
ASSETS
Cash and cash equivalents	$7,794	$5,995
Accounts receivable, net	3,384	3,529
Inventories, net	1,432	1,482
Equity holdings, at fair value (cost basis of $8,716 and $8,679, respectively)	5,763	10,552
Other equity holdings and other holdings	54,310	17,469
Property, plant and equipment, net	2,781	11,115
Operating lease right-of-use assets	201	371
Finance lease right-of-use assets	1,105	1,258
Assets of discontinued operations	31,626	9,886
Other assets	1,073	486
Total assets	$109,469	$62,143
LIABILITIES
Accounts payable and accrued expenses	$5,704	$4,834
Deferred revenue and customer deposits	857	867
Operating lease liabilities	236	421
Finance lease liabilities	1,136	1,283
Short-term debt	2,068	2,294
Long-term debt, net of debt issuance costs	301	5,461
Deferred income taxes	2,412	3,075
Liabilities of discontinued operations	22,436	6,799
Other liabilities	122	102
Total liabilities	35,272	25,136
Commitments and contingencies (Note 15)	-	-
SHAREHOLDERS’ EQUITY
Series A Preferred Shares, $25.00 par and liquidation value, 1,000,000 shares authorized; 894,580 and 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	22,365	-
Common stock, $0.001 par value; 4,000,000 shares authorized; 1,267,904 and 900,107 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	29	225
Additional paid-in capital	50,924	55,856
Retained earnings	(229)	2,336
Treasury stock, 111,779 shares at cost as of December 31, 2023	-	(18,586)
Accumulated other comprehensive income (loss)	1,108	(4,682)
Total Fundamental Global stockholders’ equity	74,197	35,149
Equity attributable to non-controlling interest	-	1,858
Total stockholders’ equity	74,197	37,007
Total liabilities and stockholders’ equity	$109,469	$62,143

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.