Company profile

Ticker
PGAI
Exchange
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
590867335

Calendar

14 Aug 19
24 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 3K 1K 1K 0
Net income -392K -403K -404K 1K
Diluted EPS -0.1 -0.11 -0.03
Net profit margin -13067% -40300% -40400%
Net change in cash -38K -107K -81K -22K
Cash on hand 381K 419K 526K 607K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 7K 15K 9.01M 8K
Net income -736K -1.57M 2.89M -8.46M
Diluted EPS -0.26 -0.41 0.35 -1.71
Net profit margin -10514% -10440% 32.10% -105737%
Net change in cash 367K -799K 957K 0
Cash on hand 526K 159K 958K 1K

Financial data from Pgi earnings reports

Financial report summary

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Competition
Onstream MediaLogMeIn
Management Discussion
  • Revenues for the three months ended June 30, 2019 increased by $2,000 to $3,000 from $1,000 for the comparable 2018 period. Other income of $3,000 received during the three months ended June 30, 2019 represents a recovery from a lot lien receivable recorded in 1999 which has been fully provided for cancellation. There was no other revenue during the three months ended June 30, 2018. Interest income on the Company’s money market account decreased by $1,000 during the three months ended June 30, 2019 from the comparable period in 2018 due to the declining account balance.
  • Expenses for the three month period ended June 30, 2019 increased by $104,000 when compared to the same period in 2018 primarily as a result of no forgiveness of debt and interest in the three months ended June 30, 2019 as compared to $111,000 of forgiveness of debt and interest during the three months ended June 30, 2018. The forgiveness of debt and interest for the three months ended June 30, 2018 is attributed to the 6.5% subordinated debentures which matured in June 1991. A face amount of $20,000 of debentures were effectively surrendered with escheatment of respective funds to the states of debenture holders. In addition, debentures with a face amount of $19,000 were surrendered by debenture holders. Accordingly, the Company has recognized $36,000 in forgiveness of debt during the three months ended June 30, 2018. In addition, accrued interest of $75,000 on such debentures that are considered surrendered was recorded as forgiveness of interest expense during the three months ended June 30, 2018.
  • Interest expense relating to the Company’s current outstanding debt, held by non-related parties, increased by $6,000 during the three month period ended June 30, 2019 compared to the same period in 2018, primarily as a result of interest compounding on past due balances. In addition, there was an increase in the prime interest rate to 5.5% as of June 30, 2019 compared to 5% as of June 30, 2018.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: cancellation, declining, fully, lien, lot, recovery
Removed: accelerated, CENTRAL, chapter, check, complying, corporate, Data, electronically, emerging, Employer, extended, filer, growth, Identification, Interactive, large, mark, MISSOURI, Page, par, post, posted, preceding, revised, shell, shorter, site, smaller, SOUTH, ST, submit, submitted, SUITE, transition, Washington, Web

Other

No filings