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10-Q Filing

INTERGROUP CORP CIK: 69422 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001493152-21-028256
Period End Date 20210930
Filing Date 20211115
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance form10-q_htm.xml
Filing Contents
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100,000.00 shares Point-in-time
Investment in Hotel, net InvestmentInPropertyNet $37.65M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100,000.00 shares Point-in-time
Investment in Hotel, net InvestmentInPropertyNet $37.34M USD Point-in-time
Investment in Hotel, net InvestmentInPropertyNet $37.34M USD Point-in-time
Investment in real estate, net RealEstateInvestments $47.34M USD Point-in-time
Investment in real estate, net RealEstateInvestments $47.71M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Investment in marketable securities MarketableSecurities $21.46M USD Point-in-time
Investment in marketable securities MarketableSecurities $16.19M USD Point-in-time
Investment in marketable securities MarketableSecurities $35.79M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Investment in marketable securities MarketableSecurities $23.43M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.81M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.93M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.93M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 4.00M shares Point-in-time
Restricted cash RestrictedCash $9.37M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 4.00M shares Point-in-time
Restricted cash RestrictedCash $9.37M USD Point-in-time
Restricted cash RestrictedCash $8.58M USD Point-in-time
Other assets, net OtherAssets $1.66M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 3.40M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 3.40M shares Point-in-time
Other assets, net OtherAssets $3.17M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $2.14M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 2.22M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 2.22M shares Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $3.25M USD Point-in-time
Total assets Assets $133.84M USD Point-in-time
Total assets Assets $140.35M USD Point-in-time
Treasury stock, shares TreasuryStockShares 1.18M shares Point-in-time
Treasury stock, shares TreasuryStockShares 1.18M shares Point-in-time
Accounts payable and other liabilities - Justice AccountsPayableAndOtherLiabilitiesJusticeCurrentAndNoncurrent $7.41M USD Point-in-time
Accounts payable and other liabilities - Justice AccountsPayableAndOtherLiabilitiesJusticeCurrentAndNoncurrent $8.43M USD Point-in-time
Accounts payable and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $3.87M USD Point-in-time
Accounts payable and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $3.87M USD Point-in-time
Accounts payable and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $3.36M USD Point-in-time
Due to securities broker DueToRelatedPartiesCurrent $7.92M USD Point-in-time
Due to securities broker DueToRelatedPartiesCurrent $1.17M USD Point-in-time
Obligations for securities sold ObligationsForSecuritiesSold $6.07M USD Point-in-time
Obligations for securities sold ObligationsForSecuritiesSold $6.42M USD Point-in-time
Related party and other notes payable OtherNotesPayable $3.95M USD Point-in-time
Related party and other notes payable OtherNotesPayable $4.09M USD Point-in-time
Other notes payable - SBA Loans OtherNotesPayableSbaLoans $2.00M USD Point-in-time
Other notes payable - SBA Loans OtherNotesPayableSbaLoans $2.00M USD Point-in-time
Mortgage notes payable - Hotel, net MortgageNotesPayableHotel $109.81M USD Point-in-time
Mortgage notes payable - Hotel, net MortgageNotesPayableHotel $110.13M USD Point-in-time
Mortgage notes payable - real estate, net MortgageNotesPayableRealEstate $70.26M USD Point-in-time
Mortgage notes payable - real estate, net MortgageNotesPayableRealEstate $73.11M USD Point-in-time
Total liabilities Liabilities $208.41M USD Point-in-time
Total liabilities Liabilities $211.58M USD Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,404,982 and 3,404,982 issued; 2,221,346 and 2,222,919 CommonStockValue $33.00K USD Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,404,982 and 3,404,982 issued; 2,221,346 and 2,222,919 CommonStockValue $33.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.17M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.15M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-36.39M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-39.55M USD Point-in-time
Treasury stock, at cost, 1,183,636 and 1,182,063 shares, respectively TreasuryStockValue $17.44M USD Point-in-time
Treasury stock, at cost, 1,183,636 and 1,182,063 shares, respectively TreasuryStockValue $17.37M USD Point-in-time
Total InterGroup shareholders deficit StockholdersEquity $-51.56M USD Point-in-time
Total InterGroup shareholders deficit StockholdersEquity $-54.82M USD Point-in-time
Noncontrolling interest MinorityInterest $-19.68M USD Point-in-time
Noncontrolling interest MinorityInterest $-19.75M USD Point-in-time
Total shareholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-69.56M USD Point-in-time
Total shareholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
Total shareholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
Total shareholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.25M USD Point-in-time
Total shareholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.24M USD Point-in-time
Total liabilities and shareholders deficit LiabilitiesAndStockholdersEquity $140.35M USD Point-in-time
Total liabilities and shareholders deficit LiabilitiesAndStockholdersEquity $133.84M USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $6.91M USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $10.92M USD 1 Quarter
Hotel operating expenses HotelOperatingExpenses $6.33M USD 1 Quarter
Hotel operating expenses HotelOperatingExpenses $5.03M USD 1 Quarter
Real estate operating expenses RealEstateOperatingExpenses $1.89M USD 1 Quarter
Real estate operating expenses RealEstateOperatingExpenses $2.07M USD 1 Quarter
Depreciation and amortization expenses DepreciationAndAmortization $1.19M USD 1 Quarter
Depreciation and amortization expenses DepreciationAndAmortization $1.15M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $1.37M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $810.00K USD 1 Quarter
Total costs and operating expenses OperatingExpenses $9.48M USD 1 Quarter
Total costs and operating expenses OperatingExpenses $10.37M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-2.57M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $556.00K USD 1 Quarter
Interest expense - mortgages InterestExpenseDebt $2.24M USD 1 Quarter
Interest expense - mortgages InterestExpenseDebt $2.31M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfOtherRealEstate - USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfOtherRealEstate $12.04M USD 1 Quarter
Net loss on marketable securities LossOnMarketableSecurities $253.00K USD 1 Quarter
Net loss on marketable securities LossOnMarketableSecurities $1.82M USD 1 Quarter
Net (loss) gain on marketable securities - Comstock MarketableSecuritiesGainLossOnComstock $-350.00K USD 1 Quarter
Net (loss) gain on marketable securities - Comstock MarketableSecuritiesGainLossOnComstock $95.00K USD 1 Quarter
Impairment loss on other investments ImpairmentLossOnOtherInvestments $62.00K USD 1 Quarter
Impairment loss on other investments ImpairmentLossOnOtherInvestments - USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $124.00K USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $187.00K USD 1 Quarter
Trading and margin interest expense InterestExpenseOther $269.00K USD 1 Quarter
Trading and margin interest expense InterestExpenseOther $354.00K USD 1 Quarter
Total other (expense) income, net NonoperatingIncomeExpense $-4.58M USD 1 Quarter
Total other (expense) income, net NonoperatingIncomeExpense $9.36M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.79M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-4.02M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $1.98M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-1.11M USD 1 Quarter
Net (loss) income ProfitLoss $4.82M USD 1 Quarter
Net (loss) income ProfitLoss $-2.91M USD 1 Quarter
Less: Net loss (income) attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $269.00K USD 1 Quarter
Less: Net loss (income) attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-745.00K USD 1 Quarter
Net (loss) income attributable to InterGroup Corporation NetIncomeLoss $4.55M USD 1 Quarter
Net (loss) income attributable to InterGroup Corporation NetIncomeLoss $-2.16M USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $2.11 USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $-1.31 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $-1.31 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $1.84 USD 1 Quarter
Basic EarningsPerShareBasic $1.99 USD 1 Quarter
Basic EarningsPerShareBasic $-0.97 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.74 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.97 USD 1 Quarter
Weighted average number of basic common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 2.29M shares 1 Quarter
Weighted average number of basic common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 2.22M shares 1 Quarter
Weighted average number of diluted common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 2.62M shares 1 Quarter
Weighted average number of diluted common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 2.56M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $4.82M USD 1 Quarter
Net (loss) income ProfitLoss $-2.91M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.15M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.11M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfOtherRealEstate - USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfOtherRealEstate $12.04M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $1.98M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-1.11M USD 1 Quarter
Net unrealized loss (gain) on marketable securities MarketableSecuritiesUnrealizedGainLoss $-4.42M USD 1 Quarter
Net unrealized loss (gain) on marketable securities MarketableSecuritiesUnrealizedGainLoss $104.00K USD 1 Quarter
Impairment loss on other investments AssetImpairmentCharges $62.00K USD 1 Quarter
Impairment loss on other investments AssetImpairmentCharges - USD 1 Quarter
Stock compensation expense ShareBasedCompensation $5.00K USD 1 Quarter
Stock compensation expense ShareBasedCompensation $2.00K USD 1 Quarter
Investment in marketable securities IncreaseDecreaseInTradingSecurities $2.38M USD 1 Quarter
Investment in marketable securities IncreaseDecreaseInTradingSecurities $-7.94M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-130.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.51M USD 1 Quarter
Accounts payable and other liabilities - Justice IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesJustice $-683.00K USD 1 Quarter
Accounts payable and other liabilities - Justice IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesJustice $1.14M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $511.00K USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $337.00K USD 1 Quarter
Due to securities broker IncreaseDecreaseInDueToRelatedParties $-6.75M USD 1 Quarter
Due to securities broker IncreaseDecreaseInDueToRelatedParties $-1.28M USD 1 Quarter
Obligations for securities sold IncreaseDecreaseInObligationsForSecuritiesSold $-349.00K USD 1 Quarter
Obligations for securities sold IncreaseDecreaseInObligationsForSecuritiesSold $13.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-8.01M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $2.50M USD 1 Quarter
Payments for hotel investments PaymentsToAcquirePropertyPlantAndEquipment $240.00K USD 1 Quarter
Payments for hotel investments PaymentsToAcquirePropertyPlantAndEquipment $105.00K USD 1 Quarter
Payments for real estate investments PaymentsToAcquireRealEstateHeldForInvestment $294.00K USD 1 Quarter
Payments for real estate investments PaymentsToAcquireRealEstateHeldForInvestment $223.00K USD 1 Quarter
Payments for investment in Portsmouth PaymentsToAcquireAdditionalInterestInSubsidiaries1 - USD 1 Quarter
Payments for investment in Portsmouth PaymentsToAcquireAdditionalInterestInSubsidiaries1 $8.00K USD 1 Quarter
Payments for investment in Justice PaymentsToAcquireInterestInSubsidiariesAndAffiliates - USD 1 Quarter
Payments for investment in Justice PaymentsToAcquireInterestInSubsidiariesAndAffiliates $344.00K USD 1 Quarter
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment - USD 1 Quarter
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $15.18M USD 1 Quarter
Proceeds from other investments ProceedsFromSaleOfOtherInvestments $118.00K USD 1 Quarter
Proceeds from other investments ProceedsFromSaleOfOtherInvestments - USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-815.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $14.90M USD 1 Quarter
Net payments of mortgage and other notes payable ProceedsFromMortgageAndOtherNotesPayable $-3.86M USD 1 Quarter
Net payments of mortgage and other notes payable ProceedsFromMortgageAndOtherNotesPayable $-823.00K USD 1 Quarter
Proceeds from refinance of mortgage notes payable ProceedsFromRefinanceOfMortgageNotesPayable $3.16M USD 1 Quarter
Proceeds from refinance of mortgage notes payable ProceedsFromRefinanceOfMortgageNotesPayable - USD 1 Quarter
Issuance costs of refinancing mortgage and other notes payable IssuanceCostsOfRefinancingMortgageAndOtherNotesPayable $39.00K USD 1 Quarter
Issuance costs of refinancing mortgage and other notes payable IssuanceCostsOfRefinancingMortgageAndOtherNotesPayable $34.00K USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $74.00K USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $140.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-4.04M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.23M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $2.85M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $3.91M USD 1 Quarter
Cash, cash equivalents and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $19.30M USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $15.39M USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $28.29M USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $31.14M USD Point-in-time
Cash, cash equivalents and restricted cash at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $19.30M USD Point-in-time
Cash, cash equivalents and restricted cash at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $15.39M USD Point-in-time
Cash, cash equivalents and restricted cash at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $28.29M USD Point-in-time
Cash, cash equivalents and restricted cash at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $31.14M USD Point-in-time
Interest paid IncomeTaxesPaidNet $2.09M USD 1 Quarter
Interest paid IncomeTaxesPaidNet $2.35M USD 1 Quarter
Taxes paid InterestPaidNet $153.00K USD 1 Quarter
Taxes paid InterestPaidNet $73.00K USD 1 Quarter
Additions to Hotel equipment through capital lease NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 1 Quarter
Additions to Hotel equipment through capital lease NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $30.00K USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
July 1, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-69.56M USD Point-in-time
July 1, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
July 1, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
July 1, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.25M USD Point-in-time
July 1, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.24M USD Point-in-time
Net income (loss) ProfitLoss $4.82M USD 1 Quarter
Net income (loss) ProfitLoss $-2.91M USD 1 Quarter
Stock options expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $5.00K USD 1 Quarter
Stock options expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $2.00K USD 1 Quarter
Investment in Portsmouth InvestmentInSubsidiariesOne $-8.00K USD 1 Quarter
Purchase of remaining interest in Justice PurchaseOfRemainingInterestInJustice - USD 1 Quarter
Investment in Justice InvestmentInSubsidiariesThree $-344.00K USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $74.00K USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $140.00K USD 1 Quarter
September 30, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-69.56M USD Point-in-time
September 30, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
September 30, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.57M USD Point-in-time
September 30, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-74.25M USD Point-in-time
September 30, 2020 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.24M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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