BLOOMIA HOLDINGS, INC.

Listed Company

TULPCIK 0000875355NasdaqNon-AcceleratedSmaller ReportingAgricultural Production-CropsDelawareFY ends Jun 30

Period

FY 2024

Revenue

$37.77M

Net Income

$-5.74M

Total Assets

$99.98M

Equity

$9.84M

Shares Out

1.77M

Op. Cash Flow

$-4.05M

Business

LENDWAY, INC. is a specialty agricultural company that makes and manages ag investments and is the majority owner of Fresh Tulips USA LLC and Bloomia B.V. It produces and sells fresh cut tulip stems, purchases tulip bulbs, grows tulips hydroponically in greenhouses, and supplies retail stores. Key business activities are conducted through the Bloomia platform, which includes U.S., Netherlands, and South Africa operations and a minority interest in a Chilean greenhouse business; the former in-store marketing business is discontinued. Bloomia sells primarily to mass-market retailers in the United States, sources bulbs from the Netherlands and Southern Hemisphere suppliers, ships bulbs by sea for local growing, and distributes stems through retailer distribution centers.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue, net	38	—	—	—	—
Cost of goods sold	31	—	15	16	14
Gross profit	7	—	3	3	3
Sales, general and administrative expenses	13	4	—	—	—
Operating loss	−7	−4	−2	−5	−5
Foreign exchange difference, net	−400,000	—	—	—	—
Interest expense (income), net	3	−518,000	—	—	—
Other income, net	−56,000	—	—	—	—
Loss from continuing operations before income taxes	−9	−3	−2	273,000	0
Income tax (benefit) expense	−2	20,000	6,000	42,000	−191,000
Net loss from continuing operations	−7	−3	—	—	—
Income from discontinued operations, net of tax	224,000	2	—	—	—
Gain from sale of discontinued operations, net of tax	—	3	—	—	—
Net (loss) income including noncontrolling interest	−7	2	10	—	—
Less: Net loss attributable to noncontrolling interest	−934,000	—	—	—	—
Net (loss) income attributable to Lendway, Inc.	−6	2	10	−4	−5
Other comprehensive loss (foreign currency translation)	−11,000	—	—	—	—
Less: Comprehensive loss attributable to noncontrolling interest	−2,000	—	—	—	—
Comprehensive (loss) income attributable to Lendway, Inc.	−6	2	—	—	—
Continuing operations	−3.37	−1.7	—	—	—
Discontinued operations	0.13	3.06	—	—	—
Basic earnings per share	−3.24	1.36	5.61	−2.01	−2.66
Diluted earnings per share	−3.24	1.36	5.59	−2.01	−2.66
Weighted average shares used in calculation of net (loss)income per share basic	2	2	—	2	2
Weighted average shares used in calculation of net (loss)income per share diluted	2	2	2	2	2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents	2	16	15	—	—
Accounts receivable - net of allowances for credit losses of $137 and $-0-, respectively	2	—	6	5	6
Receivable from escrow account	—	200,000	—	—	—
Inventories	13	—	29,000	19,000	85,000
Prepaid expenses and other current assets	1	52,000	30,000	366,000	335,000
Other current assets related to discontinued operations	—	292,000	6	—	—
Total current assets	19	17	21	10	14
Property and equipment, net	11	35,000	0	113,000	75,000
Equity-method investment	191,000	—	—	—	—
Goodwill	11	—	—	—	—
Intangible assets, net	26	—	—	—	—
Operating lease right-of-use assets	33	7,000	0	183,000	37,000
Finance lease right-of-use assets	65,000	—	—	—	—
Long-term receivable	360,000	—	—	—	—
Other assets	—	10,000	215,000	—	—
Total assets	100	17	21	11	14
Accounts payable	3	32,000	138,000	3	3
Accrued compensation	490,000	635,000	—	—	—
Accrued expenses and other current liabilities	1	168,000	—	1	1
Current portion of operating lease liabilities	1	4,000	0	76,000	56,000
Current portion of finance lease liabilities	21,000	—	—	—	—
Current portion of debt	2	—	—	0	464,000
Current liabilities related to discontinued operations	33,000	257,000	7	—	—
Total current liabilities	8	1	7	7	6
Accrued income taxes	—	42,000	—	—	—
Operating lease liabilities, net of current portion	32	3,000	0	108,000	0
Finance lease liabilities, net of current portion	44,000	—	—	—	—
Long-term debt, net	37	—	—	—	—
Related party note payable	4	—	—	—	—
Deferred tax liabilities, net	8	—	—	—	—
Total Long-term liabilities	80	45,000	193,000	819,000	1
Commitments and contingencies (Note 14)	—	—	0	0	0
Common stock, par value $0.01: Authorized shares - 5,714,000 Issued and outstanding shares - 1,770,000 and 1,743,000 at December 31, 2024 and 2023, respectively	17,000	17,000	18,000	18,000	17,000
Additional paid-in capital	16	16	16	16	16
Accumulated other comprehensive loss	−9,000	—	—	—	—
Accumulated deficit	−6	−661,000	−3	−13	−10
Total stockholders' equity attributable to Lendway, Inc.	10	16	13	3	7
Equity from noncontrolling interest	2	—	—	—	—
Total Stockholders' equity	12	16	13	—	—
Total Liabilities and Stockholders' equity	100	17	21	11	14

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Net loss including noncontrolling interest	−7	−60,000	—	—	—
Depreciation and amortization	3	7,000	0	—	—
Amortization of deferred financing costs	95,000	—	—	—	—
Changes in allowance for credit losses	108,000	—	−251,000	87,000	—
Stock-based compensation expense	60,000	44,000	123,000	232,000	172,000
Noncash paid in kind interest expense	1	—	—	—	—
Noncash operating lease expense	1	—	—	—	—
Deferred income tax benefit	−3	—	—	—	0
Equity method investment income	−37,000	—	—	—	—
Other non-cash items	84,000	—	—	—	—
Accounts receivable, net	1	−200,000	0	523,000	2
Inventories	−877,000	—	−10,000	66,000	135,000
Income tax receivable	—	14,000	−24,000	237,000	−115,000
Prepaid expenses and other current assets	325,000	−8,000	151,000	−392,000	−327,000
Accounts payable	1	−106,000	52,000	−572,000	115,000
Accrued compensation	−2	—	—	—	—
Accrued expenses and other current liabilities	204,000	365,000	—	—	—
Net cash used in operating activities of continuing operations	−4	−3	−3	—	—
Net cash provided by operating activities of discontinued operations	68,000	3	14	—	—
Net cash (used in) provided by operating activities	−4	518,000	11	−3	−2
Proceeds from sale of business	—	2	—	0	100,000
Purchase of other long-term assets	—	−10,000	0	—	—
Purchases of property and equipment	−1	−39,000	0	−106,000	−61,000
Acquisition of Bloomia, net of cash acquired	−34	—	—	—	—
Receipts of escrow receivable	200,000	—	—	—	—
Net cash (used in) provided by investing activities of continuing operations	−35	2	0	—	—
Net cash used in investing activities of discontinued operations	—	−24,000	−29,000	—	—
Net cash (used in) provided by investing activities	−35	2	−29,000	−90,000	139,000
Proceeds from term loan	18	—	—	—	—
Proceeds from revolving debt	13	—	—	—	—
Proceeds from related party note	4	—	—	—	—
Repayments of long-term debt	−1	—	—	—	—
Repayments of seller note	−3	—	—	—	—
Repayments of revolving debt	−5	—	—	—	—
Principal payments on finance lease liabilities	−16,000	—	—	—	—
Payment of financing costs	−513,000	—	—	—	—
Proceeds from issuances of common stock	—	9,000	39,000	27,000	20,000
Repurchase of common stock, net	—	−482,000	0	—	—
Net cash provided by (used in) financing activities	25	−473,000	39,000	−187,000	1
Net (decrease) increase in cash and cash equivalents	−14	2	11	−3	−382,000
Cash paid for interest	2	—	—	—	—
Cash paid for income taxes	694,000	88,000	464,000	230,000	−112,000
Noncash purchase consideration - Equity issuance of noncontrolling interest	3	—	—	—	—
Noncash purchase consideration - Seller notes	15	—	—	—	—
Purchase of property and equipment included in accrued liabilities	—	3,000	1,000	13,000	11,000
Purchase of property and equipment included in debt	150,000	—	—	—	—
Common stock issued for settlement of accrued liabilities	—	146,000	0	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro