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GBOX Price Correlated With Financials For GreenBox POS

Free historical financial statements for GreenBox POS. See how revenue, income, cash flow, and balance sheet financials have changed over 33 quarters since 2014. Compare with GBOX stock chart to see long term trends.

GBOX Stock Compared to Quarterly

GBOX Income Statement

Revenue, Net:4895526
Revenue Per Share:0.1182
Cost of Goods & Services Sold:2563830
Gross Profit:2331696
Selling, General & Admin Expense:1792184
Research & Development Expense:1938133
Total Operating Expenses:8506796
Operating Income:-21236091
Income Taxes:79896
Net Income:-21315987
Earnings Per Share, Basic:null
Shares Outstanding, Basic Avg:41418402

GBOX Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:454341
Net Cash from Operations:-7857005
Net Cash from Operations Per Share:-0.1897
Repurchases/Buybacks Common Stock:0
Net Cash from Financing Activities:-9231508
Property, Plant & Equipment Purchases:16000000
Net Cash from Investing Activities:-44876688
Net Change in Cash & Equivalents:-61965201

GBOX Balance Sheet

Cash and Cash Equivalents:27594494
Accounts Receivable, Net:468591
Inventories:217107
Total Current Assets:84350603
Property, Plant & Equipment, Net:1708194
Total Assets:118908282
Current Portion of Long-Term Debt:0
Total Short-Term Liabilities:35829560
Long Term Debt, Non-Current Portion:649900
Total Liabilities:95547140
COMPANY PROFILE
1.

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Organization GreenBox POS is a financial technology company that develops, markets, and sells innovative blockchain-based payment solutions, which we believe offer significant improvements for the payment solutions marketplace. The Company’s core focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. The Company’s proprietary, blockchain-based systems are designed to facilitate, record and store a virtually limitless volume of tokenized assets, representing cash or data, on a secured, immutable blockchain-based ledger. The Company was formerly known as ASAP Expo, Inc ("ASAP”), and was incorporated in the state of Nevada on April 10, 2007. On January 4, 2020, PubCo and GreenBox POS LLC, a Washington limited liability company ("PrivCo”), entered into an Asset Purchase Agreement (the "Agreement”), to memorialize a verbal agreement (the "Verbal Agreement”) entered into on April 12, 2018, by and among PubCo (the Buyer) and PrivCo (the Seller). On April 12, 2018, pursuant to the Verbal Agreement, PubCo acquired PrivCo’s blockchain gateway and payment system business, point of sale system business, delivery business and kiosk business, bank and merchant accounts, as well as all intellectual property related thereto (the "GreenBox Business”). As consideration for the GreenBox Business, on April 12, 2018, PubCo assumed PrivCo’s liabilities that had been incurred in the normal course of the GreenBox Business. On May 3, 2018, PubCo formally changed its name to GreenBox POS LLC, then subsequently changed its name to GreenBox POS on December 13, 2018. On May 21, 2021, the Company acquired all of the outstanding stock of Northeast Merchant Systems, Inc. ("Northeast”) in a transaction treated as a business combination. Northeast is a merchant services company providing merchant credit card processing through their own Bank Identification Number (BIN) with the acquiring bank Merrick. This involves inside operations for new merchants that include sales assistance and applications processing, underwriting, and onboarding; inside operations for existing merchants include risk monitoring and customer service. Outside operations include: equipment service or replacement; sales calls and applications, site inspections and identity verification; security verification; and on-site customer service and technical support. On July 13, 2021 (the "Closing Date”), GreenBox POS entered into and closed on a Membership Interest Purchase Agreement (the "Purchase Agreement”) with Charge Savvy LLC, an Illinois limited liability company ("Charge Savvy”), and Charge Savvy’s three members (collectively, the "Sellers”). One of the Sellers, Ken Haller, was an employee of the Company on the Closing Date. As a result of the Purchase Agreement, the Company purchased all of Charge Savvy’s issued and outstanding membership interests from the Sellers and Charge Savvy became a wholly owned subsidiary of the Company. Although the Purchase Agreement is dated July 9th, it was entered into and closed on July 13th.The purchase price under the Purchase Agreement for the all- stock transaction consisted of 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the "Common Stock”) being issued and delivered to Sellers in proportion to the Sellers’ share of their membership interests in Charge Savvy. The share price at issuance was $12.14. Charge Savvy is a global Fintech company that specializes on developing software and providing payment processing and point of sale services to the merchant services industry. Charge Savvy also owns an approximately 64,000 square foot office building located in Chicago, Illinois where it is headquartered. On March 31, 2022, the Company completed the acquisition of Transact Europe Holdings OOD. Transact Europe EAD (TEU) is an EU regulated electro

Data imported from GreenBox POS SEC filings. Check original filings before making any investment decision.