Fomo Worldwide, Inc. financial data

Symbol
FOMC on OTC
Industry
Investors, NEC
Location
625 Stanwix St. #2504, Pittsburgh, PA
State of incorporation
WY
Fiscal year end
December 31
Former names
FOMO CORP. (to 11/10/2022), 2050 MOTORS, INC. (to 12/23/2019), ZEGARELLI GROUP INTERNATIONAL INC (to 3/18/2014), COSMETIC GROUP USA INC /CA/ (to 3/25/1997)
Latest financial report
10-Q - Q3 2023 - Nov 21, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 22.9 % -50.5%
Quick Ratio 4.84 % -72.4%
Debt-to-equity -186 % +68.4%
Return On Equity 30.9 % -98.4%
Return On Assets -36 % +90.9%
Operating Margin -12.6 % +94.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 113M shares -98.8%
Common Stock, Shares, Outstanding 9.91B shares +17.5%
Entity Public Float 338K USD
Common Stock, Value, Issued 9.43M USD +5.46%
Weighted Average Number of Shares Outstanding, Basic 9.51B shares +17.3%
Weighted Average Number of Shares Outstanding, Diluted 9.51B shares +17.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5M USD +744%
Revenue from Contract with Customer, Excluding Assessed Tax 5.14M USD +8.68%
Cost of Revenue 3.96M USD -8.25%
General and Administrative Expense 1.82M USD -71.5%
Operating Income (Loss) -645K USD +94.3%
Nonoperating Income (Expense) -423K USD +86.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 800K USD
Net Income (Loss) Attributable to Parent -1.07M USD +92.6%
Earnings Per Share, Basic 0 USD/shares
Earnings Per Share, Diluted 0 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 595K USD -55.6%
Inventory, Net 217K USD -87.6%
Assets, Current 878K USD -74.4%
Property, Plant and Equipment, Net 76.2K USD -7.96%
Operating Lease, Right-of-Use Asset 230K USD -23.1%
Intangible Assets, Net (Excluding Goodwill) 466K USD
Goodwill 350K USD -75.7%
Assets 2.54M USD -53%
Accrued Liabilities, Current 1.66M USD +4031%
Liabilities, Current 4.39M USD -31%
Operating Lease, Liability, Noncurrent 179K USD -26.6%
Other Liabilities, Noncurrent 284K USD
Liabilities 4.77M USD -30.7%
Retained Earnings (Accumulated Deficit) -24.8M USD -4.98%
Stockholders' Equity Attributable to Parent -2.23M USD -50.8%
Liabilities and Equity 2.54M USD -53%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -388K USD +51%
Net Cash Provided by (Used in) Financing Activities 425K USD -25.6%
Net Cash Provided by (Used in) Investing Activities -14.7K USD -107%
Common Stock, Shares Authorized 20B shares 0%
Common Stock, Shares, Issued 9.91B shares +17.5%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 22.2K USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 198K USD
Deferred Tax Assets, Valuation Allowance 4.37M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 244K USD -20.4%
Depreciation 6.58K USD +56.1%
Lessee, Operating Lease, Liability, to be Paid 266K USD -26.9%
Property, Plant and Equipment, Gross 261K USD -5.93%
Operating Lease, Liability, Current 64.8K USD +4.07%
Lessee, Operating Lease, Liability, to be Paid, Year Two 84K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 84K USD 0%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 21.9K USD -61.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 84K USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 4.37M USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 7K USD -91.7%
Additional Paid in Capital 13.1M USD -0.49%
Depreciation, Depletion and Amortization 7.87K USD +1260%
Interest Expense 61.1K USD -47.8%