Company research
GALAXY NEXT GENERATION, INC.
CIK 1127993Updated Sep 27, 2026
Name history
FULLCIRCLE REGISTRY INC · through Sep 20, 2018EXCEL PUBLISHING INC · through May 3, 2002
Filing activity
Latest filing
50 filings on record · REVOKED, SCHEDULE 13G, 8-K, NT 10-K, EFFECT, 424B3.
Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,565,392Source | 7,325,197Source | 4,498,010Source | 1,962,332Source |
| Property, Plant and Equipment, NetUSD | 348,869Source | 86,812Source | 52,049Source | 26,765Source |
| GoodwillUSD | 834,220Source | 834,220Source | 834,220Source | 834,220Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 300,899Source | 541,591Source | 412,391Source | 169,430Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 452,643Source | 866,091Source | 798,162Source | 15,297Source |
| Inventory, NetUSD | 1,002,108Source | 3,267,667Source | 738,091Source | 648,715Source |
| Assets, CurrentUSD | 1,759,600Source | 4,679,299Source | 1,951,444Source | 1,101,347Source |
| Operating Lease, Right-of-Use AssetUSD | 179,512Source | 208,051Source | 223,982Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,796,581Source | 8,760,482Source | 12,238,073Source | 6,572,214Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 50Source | 50Source | — |
| Common Stock, Value, IssuedUSD | 321,134Source | 280,744Source | 59,539Source | 1,072Source |
| Additional Paid in CapitalUSD | 51,629,750Source | 46,215,049Source | 15,697,140Source | 4,859,731Source |
| Retained Earnings (Accumulated Deficit)USD | -54,182,084Source | -47,931,128Source | -23,496,792Source | -9,470,685Source |
| Stockholders' Equity Attributable to ParentUSD | -2,231,189Source | -1,435,285Source | -7,740,063Source | -4,609,882Source |
| Liabilities and EquityUSD | 4,565,392Source | 7,325,197Source | 4,498,010Source | 1,962,332Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,960,741Source | 8,355,475Source | 8,962,520Source | 6,395,904Source |
| Accounts Payable, CurrentUSD | 737,948Source | 830,433Source | 1,679,832Source | 690,882Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 993,371Source | 213,772Source | 371,912Source | 597,351Source |
| Deferred Revenue, CurrentUSD | 175,436Source | 453,862Source | 1,133,992Source | 247,007Source |
| Long-term DebtUSD | 3,306,738Source | 974,562Source | 994,978Source | 280,953Source |
| Short-term InvestmentsUSD | 274,900Source | 274,900Source | 274,900Source | 274,900Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -413,448Source | 36,219Source | -124,428Source | -74,922Source |
| Increase (Decrease) in InventoriesUSD | -2,122,236Source | 2,320,155Source | 3,579Source | 67,561Source |
| Increase (Decrease) in Accounts PayableUSD | -92,485Source | -973,836Source | -109,833Source | 175,021Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,178,009Source | -6,316,265Source | -7,373,687Source | -3,907,348Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | -38,846Source | -2,967,918Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -763,013Source | -502,658Source | 2,950,281Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 259,307Source | 33,238Source | 17,637Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,700,330Source | 6,948,123Source | 4,666,367Source | 3,892,523Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 300,899Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 32,080Source | 263,242Source | 195,988Source | 402,903Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 91,143Source | 382,436Source | 1,825,506Source | 644,055Source |
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | — | — | 733,258Source |
| AmortizationUSD | 254,245Source | 474,635Source | — | — |
| DepreciationUSD | — | 490,640Source | 644,545Source | 221,260Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 1,842,000Source | -1,619,583Source | 2,651,957Source | -89,198Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | 60,688Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -5,878Source | — | -20,902Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | -310,832Source | — | — |
| General and Administrative ExpenseUSD | 5,108,441Source | 5,089,979Source | 4,841,085Source | 3,421,336Source |
| GoodwillUSD | 834,220Source | 834,220Source | 834,220Source | 834,220Source |
| Goodwill and Intangible Asset ImpairmentUSD | -37,885Source | — | 2,000,287Source | — |
| Goodwill, Impairment LossUSD | — | — | 800,287Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 1,200,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -6,250,956Source | -24,434,336Source | -14,026,107Source | -6,663,117Source |
| Nonoperating Income (Expense)USD | -1,524,005Source | -18,262,070Source | -4,281,036Source | -940,574Source |
| Proceeds from Issuance of Common StockUSD | 500,000Source | 5,073,438Source | — | 637,000Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 3,941,832Source | 3,773,605Source | 2,319,852Source | 1,882,058Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 5,281,293Source | 7,868,529Source | 10,928,797Source | — |
| Operating Income (Loss)USD | -4,726,951Source | -6,172,266Source | -9,745,071Source | -5,722,543Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -6,250,956Source | -24,434,336Source | -14,026,107Source | -6,663,117Source |
| Net Income (Loss) Attributable to ParentUSD | -6,250,956Source | -24,434,336Source | -14,026,107Source | -6,663,117Source |
| Earnings Per Share, BasicUSD per share | -0Source | — | — | — |
| Earnings Per Share, DilutedUSD per share | -0Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,274,015,175Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,274,031,569Source | 3,767,859,458Source | 753,647,090Source | 10,518,750Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | — | — | 733,258Source |
| Costs and ExpensesUSD | 0Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 560,781Source | — | — | — |
| General and Administrative ExpenseUSD | 5,108,441Source | 5,089,979Source | 4,841,085Source | 3,421,336Source |
| Goodwill, Impairment LossUSD | — | — | 800,287Source | — |
| Gross ProfitUSD | 554,342Source | 1,696,263Source | 1,183,726Source | 115,727Source |
| Interest ExpenseUSD | — | 8,254,333Source | 5,113,902Source | 333,851Source |
| Interest Expense, DebtUSD | 1,139,240Source | — | — | — |
| Nonoperating Income (Expense)USD | -1,524,005Source | -18,262,070Source | -4,281,036Source | -940,574Source |
| Research and Development ExpenseUSD | — | 0Source | 90,654Source | — |