The OLB Group, Inc.: 10-Q filed 2020-08-14

Name: The OLB Group, Inc.: 10-Q filed 2020-08-14
Creator: The OLB Group, Inc.

What The OLB Group, Inc. reported in its quarterly report filed 2020-08-14 (fiscal Q2 2020): 35 published measures, 93 facts as tagged in accession 0001213900-20-022316.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-08-14
Fiscal period: fiscal Q2 2020
Accession: 0001213900-20-022316 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All The OLB Group, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-06-30	11,304,369	USD
At 2019-12-31	11,868,929	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-06-30	15,008,193	USD
At 2019-12-31	14,669,329	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2020-06-30	-3,703,824	USD
At 2020-03-31	-3,268,011	USD
At 2019-12-31	-2,800,400	USD
At 2019-06-30	-2,469,296	USD
At 2019-03-31	-2,062,721	USD
At 2018-12-31	-1,722,038	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2020-06-30	330,437	USD
At 2019-12-31	507,616	USD
At 2019-06-30	55,418	USD
At 2018-12-31	111,586	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-510,409	USD	91
2020-01-01 to 2020-06-30	-1,052,616	USD	182
2019-04-01 to 2019-06-30	-472,838	USD	91
2019-01-01 to 2019-06-30	-879,783	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-90,595	USD	182
2019-01-01 to 2019-06-30	-188,957	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	2,000,035	USD	91
2020-01-01 to 2020-06-30	4,614,028	USD	182
2019-04-01 to 2019-06-30	2,581,940	USD	91
2019-01-01 to 2019-06-30	5,172,834	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	38,416	USD	182
2019-01-01 to 2019-06-30	132,789	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-125,000	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-06-30	-19,904,495	USD
At 2019-12-31	-18,851,879	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	5,524,640	shares	91
2020-01-01 to 2020-06-30	5,524,640	shares	182
2019-04-01 to 2019-06-30	5,461,108	shares	91
2019-01-01 to 2019-06-30	5,437,622	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-0.09	USD/shares	91
2020-01-01 to 2020-06-30	-0.19	USD/shares	182
2019-04-01 to 2019-06-30	-0.09	USD/shares	91
2019-01-01 to 2019-06-30	-0.16	USD/shares	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-06-30	27,077	USD
At 2019-12-31	36,653	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	149,192	USD	182
2019-01-01 to 2019-06-30	132,525	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-195,870	USD	91
2020-01-01 to 2020-06-30	-421,059	USD	182
2019-04-01 to 2019-06-30	-164,643	USD	91
2019-01-01 to 2019-06-30	-268,178	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-06-30	820,048	USD
At 2019-12-31	1,112,004	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-06-30	2,345,523	USD
At 2019-12-31	2,494,329	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2020-06-30	627,469	USD
At 2019-12-31	592,853	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2020-06-30	6,858,216	USD
At 2019-12-31	6,858,216	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2019-12-31	3,053,810	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-06-30	348,837	USD
At 2019-12-31	479,404	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	2,195,905	USD	91
2020-01-01 to 2020-06-30	5,035,087	USD	182
2019-04-01 to 2019-06-30	2,746,583	USD	91
2019-01-01 to 2019-06-30	5,441,012	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2020-06-30	5,411,905	shares
At 2019-12-31	5,411,905	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2020-06-30	16,200,130	USD
At 2019-12-31	16,050,938	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2020-06-30	1,750,000	USD
At 2019-12-31	2,000,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-06-30	218,374	USD
At 2019-12-31	78,392	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-510,409	USD	91
2020-01-01 to 2020-03-31	-542,207	USD	91
2019-04-01 to 2019-06-30	-472,838	USD	91
2019-01-01 to 2019-03-31	-406,945	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	350,622	USD	91
2020-01-01 to 2020-06-30	824,554	USD	182
2019-04-01 to 2019-06-30	488,209	USD	91
2019-01-01 to 2019-06-30	761,231	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	416,005	USD	182
2019-01-01 to 2019-06-30	422,502	USD	181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	206	USD	91
2020-01-01 to 2020-06-30	629	USD	182
2019-04-01 to 2019-06-30	605	USD	91
2019-01-01 to 2019-06-30	1,149	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-314,539	USD	91
2020-01-01 to 2020-06-30	-631,557	USD	182
2019-04-01 to 2019-06-30	-308,195	USD	91
2019-01-01 to 2019-06-30	-611,605	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	433,244	USD	182
2019-01-01 to 2019-06-30	442,250	USD	181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2020-06-15 to 2020-06-24	8,019.38	USD	10

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-130,567	USD	182
2019-01-01 to 2019-06-30	103,282	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	178,615	USD	182
2019-01-01 to 2019-06-30	75,862	USD	181

Inspect the source

Entity: The OLB Group, Inc. / CIK 0001314196
Captured: 2026-09-20T07:51:35.297Z
SEC response SHA-256: d62da91a6e7e629a0350d858caa811c64c63490df1dff843ebcf84dd40340c64

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001314196.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))