$ACAN
AmeriCann, Inc.

2018 Q1 Form 10-Q Financial Statement

#000143774918010044 Filed on May 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $15.00K
YoY Change 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $480.0K $520.0K
YoY Change -7.69% 73.33%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $478.5K $518.5K
YoY Change -7.71% 72.43%
Operating Profit -$478.5K -$503.5K
YoY Change -4.96% 76.23%
Interest Expense $424.6K $57.76K
YoY Change 635.1% 79.11%
% of Operating Profit
Other Income/Expense, Net -$443.8K -$91.81K
YoY Change 383.34%
Pretax Income -$920.0K -$600.0K
YoY Change 53.33% 100.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$922.3K -$595.3K
YoY Change 54.93% 101.08%
Net Earnings / Revenue -3968.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$47.47K -$31.35K
COMMON SHARES
Basic Shares Outstanding 19.38M 19.14M
Diluted Shares Outstanding 19.38M 19.14M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $390.0K $200.0K
YoY Change 95.0% 233.33%
Cash & Equivalents $392.2K $204.4K
Short-Term Investments
Other Short-Term Assets $560.0K $130.0K
YoY Change 330.77% -94.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $952.4K $337.4K
YoY Change 182.31% -85.52%
LONG-TERM ASSETS
Property, Plant & Equipment $3.591K $4.714K
YoY Change -23.82% -53.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.820M $5.060M
YoY Change -44.27% 1024.44%
Total Long-Term Assets $4.466M $6.183M
YoY Change -27.77% 281.68%
TOTAL ASSETS
Total Short-Term Assets $952.4K $337.4K
Total Long-Term Assets $4.466M $6.183M
Total Assets $5.418M $6.521M
YoY Change -16.9% 65.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00K $50.00K
YoY Change -80.0% -76.19%
Accrued Expenses $50.00K $30.00K
YoY Change 66.67% -57.14%
Deferred Revenue
YoY Change
Short-Term Debt $770.0K $990.0K
YoY Change -22.22% -66.21%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $839.8K $1.098M
YoY Change -23.5% -65.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.970M $1.990M
YoY Change -1.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.970M $1.990M
YoY Change -1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $839.8K $1.098M
Total Long-Term Liabilities $1.970M $1.990M
Total Liabilities $2.808M $3.087M
YoY Change -9.05% -4.13%
SHAREHOLDERS EQUITY
Retained Earnings -$10.97M -$6.935M
YoY Change 58.24%
Common Stock $1.940K $1.918K
YoY Change 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.611M $3.433M
YoY Change
Total Liabilities & Shareholders Equity $5.418M $6.521M
YoY Change -16.9% 65.08%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$922.3K -$595.3K
YoY Change 54.93% 101.08%
Depreciation, Depletion And Amortization $10.00K $10.00K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$940.0K -$550.0K
YoY Change 70.91% 189.47%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$210.0K
YoY Change -90.48% 320.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $130.0K
YoY Change -100.0% 30.0%
Cash From Investing Activities -$20.00K -$80.00K
YoY Change -75.0% -260.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 740.0K 40.00K
YoY Change 1750.0% -75.0%
NET CHANGE
Cash From Operating Activities -940.0K -550.0K
Cash From Investing Activities -20.00K -80.00K
Cash From Financing Activities 740.0K 40.00K
Net Change In Cash -220.0K -590.0K
YoY Change -62.71% -3050.0%
FREE CASH FLOW
Cash From Operating Activities -$940.0K -$550.0K
Capital Expenditures -$20.00K -$210.0K
Free Cash Flow -$920.0K -$340.0K
YoY Change 170.59% 142.86%

Facts In Submission

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us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
214631
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1843774
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2536000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
24657
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-41048
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18750
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18750
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
118128
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
148686
us-gaap Professional Fees
ProfessionalFees
270115
us-gaap Professional Fees
ProfessionalFees
201083
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3591
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4153
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
80000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
227904
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
20000
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
497361
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10973457
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8676825
CY2018Q1 us-gaap Revenues
Revenues
CY2017Q1 us-gaap Revenues
Revenues
15000
us-gaap Revenues
Revenues
us-gaap Revenues
Revenues
30000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
2284300
us-gaap Share Based Compensation
ShareBasedCompensation
306661
us-gaap Share Based Compensation
ShareBasedCompensation
37450
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1100000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.45
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
431200
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1305000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
180000
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.29
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.21
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
180000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
2.21
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
180000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.21
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.75
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
35700
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P219D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y76D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y76D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y76D
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
2610517
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19376278
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19136555
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19371082
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18706825
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19376278
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19136555
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19371082
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18706825
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19376278
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19136555
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19371082
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18706825

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