OLB Group, Inc. Accrued Expenses

Accrued Expenses of OLB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accrued Expenses growth rates and interactive chart. Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.

Highlights and Quick Summary

  • Accrued Expenses for the quarter ending December 30, 2020 was $104 Thousand (a -90.5% decrease compared to previous quarter)
  • Annual Accrued Expenses for 2020 was $104 Thousand (a -90.5% decrease from previous year)
  • Annual Accrued Expenses for 2019 was $1.09 Million (a 52.8% increase from previous year)
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Historical Accrued Expenses of OLB Group, Inc.

Most recent Accrued Expensesof OLB including historical data for past 10 years.

Interactive Chart of Accrued Expenses of OLB Group, Inc.

OLB Group, Inc. Accrued Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.1 $0.1
2019 $1.09 $1.09
2018 $0.73 $0.71

Business Profile of OLB Group, Inc.

Sector: Technology
Industry: Software—Application
The OLB Group, Inc. operates as a FinTech and payment facilitator company in the United States. It offers OmniSoft, a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses; eVance, a payment processing solution; SecurePay, a payment gateway and virtual terminal with proprietary business management tools; and CrowdPay.us, a white label capital raising platform. The company also operates ShopFast, a cloud-based omni-channel softwares. In addition, it provides ecommerce development and consulting services. The company was incorporated in 1993 and is headquartered in New York, New York.