Security
GROM · Grom Social Enterprises, Inc.
GROMOTCCommon stockCurrentCIK 1662574Updated Sep 26, 2026
Name history
Illumination America, Inc. · through Aug 11, 2017
GROM price & chart
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Recent filings
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 18,132,682Source | 24,644,897Source | 37,854,963Source | 17,265,054Source |
| Property, Plant and Equipment, NetUSD | 114,814Source | 285,676Source | 577,988Source | 965,109Source |
| GoodwillUSD | 5,691,378Source | 10,567,484Source | 22,376,025Source | 8,380,504Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,194,209Source | 5,364,231Source | 5,073,074Source | 5,566,339Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,505,449Source | 3,871,176Source | 6,530,161Source | 120,300Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 826,073Source | 1,162,230Source | 968,579Source | 587,932Source |
| Inventory, NetUSD | 43,205Source | 92,303Source | 91,361Source | 48,198Source |
| Assets, CurrentUSD | 3,902,266Source | 5,731,206Source | 8,047,679Source | 1,142,595Source |
| Prepaid Expense and Other Assets, CurrentUSD | 527,539Source | 605,497Source | 457,578Source | 386,165Source |
| Operating Lease, Right-of-Use AssetUSD | 796,600Source | 1,069,222Source | 593,405Source | 602,775Source |
| Other Assets, NoncurrentUSD | 0Source | 7,731Source | 4,321Source | 76,175Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,815,266Source | 4,297,049Source | 11,734,162Source | 8,667,572Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,970Source | 2,515Source | 12,698Source | 188,355Source |
| Additional Paid in CapitalUSD | 108,311,684Source | 101,726,355Source | 89,851,309Source | 64,234,749Source |
| Retained Earnings (Accumulated Deficit)USD | -96,742,387Source | -83,472,412Source | -66,404,190Source | -55,791,914Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -159,603Source | -166,129Source | -30,755Source | -39,334Source |
| Stockholders' Equity Attributable to ParentUSD | 11,420,907Source | 18,099,611Source | 23,438,462Source | 8,597,482Source |
| Liabilities and EquityUSD | 18,132,682Source | 24,644,897Source | 37,854,963Source | 17,265,054Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 4,419,617Source | 2,989,916Source | 4,755,736Source | 6,977,976Source |
| Operating Lease, Liability, CurrentUSD | 205,575Source | 269,681Source | 333,020Source | 304,326Source |
| Accounts Payable, CurrentUSD | 865,266Source | 839,679Source | 467,711Source | 1,126,114Source |
| Operating Lease, Liability, NoncurrentUSD | 614,443Source | 803,958Source | 284,848Source | 328,772Source |
| Other Liabilities, NoncurrentUSD | 240,763Source | 434,976Source | 390,833Source | 367,544Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 896,509Source | 2,248,237Source | 2,682,339Source | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 495,991Source | 607,524Source | 822,536Source | 443,806Source |
| Accrued Liabilities, CurrentUSD | 293,279Source | 378,954Source | 400,329Source | 1,794,232Source |
| Dividends Payable, CurrentUSD | 1,114,344Source | 371,799Source | 459,068Source | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -13,879,157Source | -16,766,738Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 590,611Source | 311,574Source | 495,480Source | 449,379Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 139,067Source | 315,332Source | 493,563Source | 62,600Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -600,013Source | 192,730Source | 382,843Source | 6,929Source |
| Increase (Decrease) in InventoriesUSD | -768,764Source | 6,253Source | -22,571Source | 18,636Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 446,178Source | 21,042Source | -224,027Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,873,024Source | -6,976,120Source | -7,856,243Source | -1,223,148Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -28,668Source | -91,297Source | -417,096Source | -574,512Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 33,248Source | 104,715Source | 43,504Source | 574,512Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 7,507,427Source | 4,471,967Source | 14,673,567Source | 1,375,559Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,365,727Source | -2,658,985Source | 6,409,861Source | -385,919Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,505,449Source | 3,871,176Source | 6,530,161Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 61,549Source | 41,763Source | 139,627Source | 420,802Source |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 0Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 28,538Source | -63,535Source | 9,633Source | — |
| Additional Financial Items | ||||
| AmortizationUSD | 377,807Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 139,067Source | 315,332Source | 82,910Source | 62,600Source |
| Amortization of Intangible AssetsUSD | 170,022Source | 170,022Source | 386,916Source | 386,916Source |
| AssetAcquisitionContingentConsiderationLiabilityUSD | — | 0Source | 5,586,493Source | — |
| DepreciationUSD | 152,417Source | 347,727Source | 426,654Source | 461,548Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | 49,047Source | — | — |
| Dividends Payable, CurrentUSD | 1,114,344Source | 371,799Source | 459,068Source | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -202,226Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -550Source | -2,237Source | -2,692Source | — |
| Gain (Loss) on Sale of DerivativesUSD | — | -143,598Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | -947,179Source | -1,312,983Source |
| General and Administrative ExpenseUSD | — | — | — | 4,462,095Source |
| GoodwillUSD | 5,691,378Source | 10,567,484Source | 22,376,025Source | 8,380,504Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source |
| Goodwill, Impairment LossUSD | 4,876,106Source | 11,340,115Source | — | 472,757Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 0Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | 0Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -10,222,982Source | — |
| Income Tax Expense (Benefit)USD | -18,528Source | 446,178Source | 21,042Source | -224,027Source |
| Inventory Write-downUSD | — | — | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -12,527,429Source | -16,332,636Source | -10,153,207Source | -5,743,433Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,351,728Source | -434,102Source | -69,775Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -13,269,975Source | -17,068,222Source | -10,612,276Source | -6,020,933Source |
| Nonoperating Income (Expense)USD | -579,054Source | 2,349,862Source | -3,329,015Source | -2,585,662Source |
| Operating ExpensesUSD | 14,685,211Source | 20,432,157Source | 9,463,580Source | 6,188,689Source |
| Operating Lease, ExpenseUSD | 396,560Source | 398,754Source | 380,297Source | — |
| Other Nonoperating Income (Expense)USD | -24,368Source | 206,787Source | 174,853Source | 48,468Source |
| Proceeds from Issuance of Common StockUSD | 4,948,497Source | 4,360,330Source | 10,220,351Source | 0Source |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 49,047Source | 0Source | 77,584Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 6,297,922Source | 6,159,531Source |
| Cost of RevenueUSD | 2,674,440Source | 3,664,766Source | 3,707,267Source | 3,352,640Source |
| Selling, General and Administrative ExpenseUSD | 7,659,004Source | 7,313,145Source | 5,811,792Source | — |
| Operating Income (Loss)USD | -13,318,631Source | -18,670,422Source | -6,872,925Source | -3,381,798Source |
| Other Nonoperating Income (Expense)USD | -24,368Source | 206,787Source | 174,853Source | 48,468Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -13,897,685Source | -16,320,560Source | -10,201,940Source | -5,967,460Source |
| Income Tax Expense (Benefit)USD | -18,528Source | 446,178Source | 21,042Source | -224,027Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,351,728Source | -434,102Source | -69,775Source | — |
| Net Income (Loss) Attributable to ParentUSD | -12,527,429Source | -16,332,636Source | -10,153,207Source | -5,743,433Source |
| Earnings Per Share, BasicUSD per share | -15.54Source | -23.17Source | -1.18Source | — |
| Earnings Per Share, DilutedUSD per share | -15.54Source | -23.17Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 854,189Source | 736,522Source | 9,018,306Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 854,189Source | 736,522Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 170,022Source | 170,022Source | 386,916Source | 386,916Source |
| Current Income Tax Expense (Benefit)USD | -18,528Source | 0Source | 0Source | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 700,608Source | 593,438Source | 814,849Source | 848,463Source |
| General and Administrative ExpenseUSD | — | — | — | 4,462,095Source |
| Goodwill, Impairment LossUSD | 4,876,106Source | 11,340,115Source | — | 472,757Source |
| Gross ProfitUSD | 1,366,580Source | 1,761,735Source | 2,590,655Source | 2,806,891Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -10,222,982Source | — |
| Interest ExpenseUSD | — | — | 2,556,689Source | — |
| Interest Income (Expense), NetUSD | -554,686Source | -3,348,867Source | — | -1,398,731Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -13,269,975Source | -17,068,222Source | -10,612,276Source | -6,020,933Source |
| Nonoperating Income (Expense)USD | -579,054Source | 2,349,862Source | -3,329,015Source | -2,585,662Source |
| Operating ExpensesUSD | 14,685,211Source | 20,432,157Source | 9,463,580Source | 6,188,689Source |
| Operating Lease, ExpenseUSD | 396,560Source | 398,754Source | 380,297Source | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 742,546Source | 735,586Source | 459,069Source | 277,500Source |
| Selling and Marketing ExpenseUSD | — | — | — | 118,844Source |