SMG Industries Inc. company info

CIK 1426506
IRS Number 510662991
State of incorporation DE
Business address 710 N. POST OAK ROAD
SUITE 400
HOUSTON
TX
77024
Mail address 710 N. POST OAK ROAD
SUITE 400
HOUSTON
TX
77024

Short summary

SMG Industries Inc. is a Texas company, with head office located at 710 N. Post Oak Road Houston, Texas 77024. In 2017 the company owned a total of 1.22 million USD worth of assets, including 889.46 thousand USD worth of current assets. 2011 was the year when the company amassed the most assets. The company net sales last year amounted to 2.47 million USD.

SMG Industries Inc. Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Revenue, Net 09.5121.0801.602.47
Cost of Goods and Services Sold 2.707.4215.260
Gross Profit -2.702.085.8200.661.02
Selling, General and Administrative Expense 0.361.19
Operating Expenses 0.044.793.951.231.050.470.391.60
Operating Income (Loss) -3.950.854.77-0.470.22-0.58
Interest expense 0.050.16
Income Tax Expense (Benefit) 000.030.09000
Net income -0.05-4.77-3.890.984.76-0.46-0.39-0.73

SMG Industries Inc. Balance Sheet

Name [in Millions USD]200920102011201220132014201520162017Trends
Cash and cash equivalents 0.773.987.855.7110.424.400.780.410.04
Accounts Receivable, Net, Current 02.430.290.66
Inventories 11.346.4200.010.13
Property, Plant and Equipment, Gross 0.530.40
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.300.23
Other Assets, Noncurrent 0.01
Total assets 29.0030.1328.4519.354.490.810.451.22
Current assets 4.057.9117.1117.390.320.89
Accounts payable 0.160.31
Taxes Payable, Current 0.040.120.040.04
Total current liabilities 0.070.251.311.320.671.20
Long-term Debt 0.88
Total liabilities 0.360.080.080.021.56
Common Stock, Value, Issued 0.010.010.010.010.000.000.000.01
Retained Earnings (Accumulated Deficit) -3.67-10.23-12.02-7.52-5.92-6.36-6.66-0.51

SMG Industries Inc. Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income -0.05-4.77-3.890.984.76-0.46-0.39-0.73
Depreciation 00.000.000.0000.080.07
Deferred Income Tax Expense (Benefit) -1.89-1.520.6100.16-0.14-0.04
Accounts receivable 0.130.14
Inventories 3.4217.666.38-7.42-14.3200.020.13
Accounts payable 0.010.23
Net Cash Provided by (Used in) Operating Activities -3.46-21.37-4.839.500.22-0.42
Payments to Acquire Property, Plant, and Equipment 00.0000.010.04
Net Cash Provided by (Used in) Investing Activities 0-0.000-0.01-0.02
Proceeds from Issuance of Common Stock 0.80000.35
Payments for Repurchase of Common Stock 016.190
Net Cash Provided by (Used in) Financing Activities 0.5424.217.45-13.56-0.190.50
Cash and Cash Equivalents, Period Increase (Decrease) -2.912.842.62-4.062.71-3.84-0.350.06