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GROM (Grom Social Enterprises) Tax Expense : $-0.02 Mil (TTM As of Mar. 2024)


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What is Grom Social Enterprises Tax Expense?

Grom Social Enterprises's tax expense for the months ended in Mar. 2024 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.02 Mil.


Grom Social Enterprises Tax Expense Historical Data

The historical data trend for Grom Social Enterprises's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grom Social Enterprises Tax Expense Chart

Grom Social Enterprises Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only 0.04 -0.22 0.02 0.45 -0.02

Grom Social Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -0.02 -

Grom Social Enterprises Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Grom Social Enterprises  (OTCPK:GROM) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Grom Social Enterprises Tax Expense Related Terms

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Grom Social Enterprises Business Description

Traded in Other Exchanges
N/A
Address
2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. It has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU. The majority of its revenue is from the Animation segment.
Executives
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams officer: CFO, Secretary and Treasurer 1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens director C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal director 14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing officer: President of TD Holdings Ltd. C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford director 16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks director, 10 percent owner C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera officer: CEO and CFO 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews officer: Chief Operating Officer 4721 NW 27TH AVENUE, BOCA RATON FL 33434