$ACAN
AmeriCann, Inc.

2018 Q4 Form 10-Q Financial Statement

#000143774919002890 Filed on February 19, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $519.6K $590.0K
YoY Change -11.93% 73.53%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $461.00 $3.739K
YoY Change -87.67% -0.03%
% of Gross Profit
Operating Expenses $357.9K $587.8K
YoY Change -39.11% 32.27%
Operating Profit -$357.9K -$587.8K
YoY Change -39.11% 36.89%
Interest Expense $151.4K $754.4K
YoY Change -79.93% 824.77%
% of Operating Profit
Other Income/Expense, Net -$180.6K -$786.6K
YoY Change -77.04% 800.4%
Pretax Income -$556.9K -$1.370M
YoY Change -59.35% 218.6%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$538.5K -$1.374M
YoY Change -60.82% 165.96%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$24.31K -$70.73K
COMMON SHARES
Basic Shares Outstanding 22.57M 19.37M
Diluted Shares Outstanding 22.57M 19.37M

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.82K $730.0K
YoY Change -90.16% -8.75%
Cash & Equivalents $71.82K $732.4K
Short-Term Investments
Other Short-Term Assets $4.500M $430.0K
YoY Change 946.6% 72.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $24.68K
Total Short-Term Assets $4.597M $1.161M
YoY Change 296.01% 11.13%
LONG-TERM ASSETS
Property, Plant & Equipment $2.303K $3.872K
YoY Change -40.52% -22.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.713M $2.770M
YoY Change -2.07% -43.24%
Total Long-Term Assets $5.354M $4.379M
YoY Change 22.26% -25.55%
TOTAL ASSETS
Total Short-Term Assets $4.597M $1.161M
Total Long-Term Assets $5.354M $4.379M
Total Assets $9.950M $5.539M
YoY Change 79.63% -20.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.63K $430.0K
YoY Change -86.13% 186.67%
Accrued Expenses $44.49K $120.0K
YoY Change -62.93%
Deferred Revenue
YoY Change
Short-Term Debt $615.0K $440.0K
YoY Change 39.77% -55.56%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $2.501M $997.4K
YoY Change 150.76% -19.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.970M
YoY Change -100.0% -1.01%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $1.970M
YoY Change -100.0% -1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.501M $997.4K
Total Long-Term Liabilities $0.00 $1.970M
Total Liabilities $2.501M $2.971M
YoY Change -15.81% -8.27%
SHAREHOLDERS EQUITY
Retained Earnings -$13.65M -$10.05M
YoY Change 35.79% 56.52%
Common Stock $2.279K $1.937K
YoY Change 17.66% 1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.449M $2.569M
YoY Change
Total Liabilities & Shareholders Equity $9.950M $5.539M
YoY Change 79.63% -20.02%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income -$538.5K -$1.374M
YoY Change -60.82% 165.96%
Depreciation, Depletion And Amortization $461.00 $3.739K
YoY Change -87.67% -0.03%
Cash From Operating Activities -$534.4K -$628.6K
YoY Change -14.99% -20.07%
INVESTING ACTIVITIES
Capital Expenditures -$26.73K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $5.600K $0.00
YoY Change -100.0%
Cash From Investing Activities -$21.14K -$1.153K
YoY Change 1733.3% -118.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $650.0K $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.046M 1.726M
YoY Change -39.43% 9.03%
NET CHANGE
Cash From Operating Activities -534.4K -628.6K
Cash From Investing Activities -21.14K -1.153K
Cash From Financing Activities 1.046M 1.726M
Net Change In Cash 490.0K 1.096M
YoY Change -55.3% 36.56%
FREE CASH FLOW
Cash From Operating Activities -$534.4K -$628.6K
Capital Expenditures -$26.73K $0.00
Free Cash Flow -$507.7K -$628.6K
YoY Change -19.24% -20.07%

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CY2017Q4 us-gaap Share Based Compensation
ShareBasedCompensation
171307
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
150000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
150000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.21
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.50
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
150000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
2.50
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
150000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.50
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y219D
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y219D
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y219D
CY2018Q4 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
65000
CY2018Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
46992
CY2018Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
65000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
7449260
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
6830276
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2284300
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2568681
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6830276
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7449260
CY2018Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2017Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22568375
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19366000
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22568375
CY2017Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19366000
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22568375
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19366000

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