$ACAN
AmeriCann, Inc. Stock $acan

$acan Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000143774919010427 Filed on May 20, 2019

Income Statement

Concept	2019 Q1	2018 Q3	2018 Q1
Revenue		$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$520.0K	$530.0K	$480.0K
YoY Change	8.33%	-8.62%	-7.69%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$230.00	$0.00	$10.00K
YoY Change	-97.7%		0.0%
% of Gross Profit
Operating Expenses	$519.6K	$530.0K	$478.5K
YoY Change	8.59%	-8.62%	-7.71%
Operating Profit	-$519.6K		-$478.5K
YoY Change	8.59%		-4.96%
Interest Expense	$11.74K	-$320.0K	$424.6K
YoY Change	-97.24%	433.33%	635.1%
% of Operating Profit
Other Income/Expense, Net	-$37.33K	$0.00	-$443.8K
YoY Change	-91.59%		383.34%
Pretax Income	-$560.0K	-$850.0K	-$920.0K
YoY Change	-39.13%	-33.07%	53.33%
Income Tax	$0.00		$0.00
% Of Pretax Income
Net Earnings	-$556.9K	-$850.0K	-$922.3K
YoY Change	-39.61%	-33.07%	54.93%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	-$24.44K	-$38.50K	-$47.47K
COMMON SHARES
Basic Shares Outstanding	22.91M		19.38M
Diluted Shares Outstanding	22.91M		19.38M

Balance Sheet

Concept	2019 Q1	2018 Q3	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.220K	$200.0K	$390.0K
YoY Change	-98.15%		95.0%
Cash & Equivalents	$7.217K	$198.1K	$392.2K
Short-Term Investments
Other Short-Term Assets	$1.829M	$3.890M	$560.0K
YoY Change	226.64%	6383.33%	330.77%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$1.862M	$4.082M	$952.4K
YoY Change	95.52%	6220.84%	182.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.073K	$5.794K	$3.591K
YoY Change	-42.27%	39.51%	-23.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.698M	$2.730M	$2.820M
YoY Change	-4.32%	-37.95%	-44.27%
Total Long-Term Assets	$8.008M	$5.375M	$4.466M
YoY Change	79.31%	-10.4%	-27.77%
TOTAL ASSETS
Total Short-Term Assets	$1.862M	$4.082M	$952.4K
Total Long-Term Assets	$8.008M	$5.375M	$4.466M
Total Assets	$9.870M	$9.457M	$5.418M
YoY Change	82.16%	55.97%	-16.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$242.9K	$270.0K	$10.00K
YoY Change	2329.0%	-56.45%	-80.0%
Accrued Expenses	$31.80K	$50.00K	$50.00K
YoY Change	-36.4%	-44.44%	66.67%
Deferred Revenue
YoY Change
Short-Term Debt	$550.0K	$520.0K	$770.0K
YoY Change	-28.57%	-51.4%	-22.22%
Long-Term Debt Due	$1.772M
YoY Change
Total Short-Term Liabilities	$2.618M	$844.8K	$839.8K
YoY Change	211.8%	-53.08%	-23.5%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$1.780M	$1.970M
YoY Change	-100.0%	-10.1%	-1.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$1.780M	$1.970M
YoY Change	-100.0%	-10.1%	-1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.618M	$844.8K	$839.8K
Total Long-Term Liabilities	$0.00	$1.780M	$1.970M
Total Liabilities	$2.618M	$2.627M	$2.808M
YoY Change	-6.74%	-30.49%	-9.05%
SHAREHOLDERS EQUITY
Retained Earnings	-$14.20M	-$13.11M	-$10.97M
YoY Change	29.45%	51.09%	58.24%
Common Stock	$2.301K	$2.211K	$1.940K
YoY Change	18.61%	14.15%	1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$7.251M	$6.830M	$2.611M
YoY Change
Total Liabilities & Shareholders Equity	$9.870M	$9.457M	$5.418M
YoY Change	82.16%	55.97%	-16.9%

Cashflow Statement

Concept	2019 Q1	2018 Q3	2018 Q1
OPERATING ACTIVITIES
Net Income	-$556.9K	-$850.0K	-$922.3K
YoY Change	-39.61%	-33.07%	54.93%
Depreciation, Depletion And Amortization	$230.00	$0.00	$10.00K
YoY Change	-97.7%		0.0%
Cash From Operating Activities	-$359.8K	-$510.0K	-$940.0K
YoY Change	-61.73%	750.0%	70.91%
INVESTING ACTIVITIES
Capital Expenditures	-$2.676M	-$490.0K	-$20.00K
YoY Change	13279.0%	1533.33%	-90.48%
Acquisitions
YoY Change
Other Investing Activities	$5.850K	-$10.00K	$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$2.670M	-$500.0K	-$20.00K
YoY Change	13249.75%	1566.67%	-75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	294.0K	3.710M	740.0K
YoY Change	-60.27%	4537.5%	1750.0%
NET CHANGE
Cash From Operating Activities	-359.8K	-510.0K	-940.0K
Cash From Investing Activities	-2.670M	-500.0K	-20.00K
Cash From Financing Activities	294.0K	3.710M	740.0K
Net Change In Cash	-2.736M	2.700M	-220.0K
YoY Change	1143.51%	-27100.0%	-62.71%
FREE CASH FLOW
Cash From Operating Activities	-$359.8K	-$510.0K	-$940.0K
Capital Expenditures	-$2.676M	-$490.0K	-$20.00K
Free Cash Flow	$2.316M	-$20.00K	-$920.0K
YoY Change	-351.74%	-33.33%	170.59%

Facts In Submission

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CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	478507
	us-gaap	Operating Expenses OperatingExpenses	877492
	us-gaap	Operating Expenses OperatingExpenses	1066318
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-519591
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-478507
	us-gaap	Operating Income Loss OperatingIncomeLoss	-877492
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1066318
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3030
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2861
CY2019Q1	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	22153
CY2018Q3	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	8906
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	2702532
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	19272
CY2019Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2018Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2019Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000
CY2019Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2018Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2019Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2018Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	0
CY2018Q3	us-gaap	Preferred Stock Value PreferredStockValue	0
CY2019Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7260
CY2018Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7470
CY2019Q1	us-gaap	Prepaid Rent PrepaidRent	57959
CY2018Q3	us-gaap	Prepaid Rent PrepaidRent	57959
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	11445
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	954001
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	2536000
CY2019Q1	us-gaap	Professional Fees ProfessionalFees	170310
CY2018Q1	us-gaap	Professional Fees ProfessionalFees	118128
	us-gaap	Professional Fees ProfessionalFees	299243
	us-gaap	Professional Fees ProfessionalFees	270115
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2073
CY2018Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5794
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	35000
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	80000
CY2019Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1763964
CY2018Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3818805
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14204969
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13109541
CY2019Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax
CY2018Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax
	us-gaap	Share Based Compensation ShareBasedCompensation	0
	us-gaap	Share Based Compensation ShareBasedCompensation	306661
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	150000
CY2019Q1	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
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.50
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber	150000
CY2019Q1	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
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	150000
CY2019Q1	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	P2Y328D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P2Y146D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P2Y146D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P2Y146D
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
CY2019Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	30000
CY2018Q4	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	65000
CY2018Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	18750
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	7251341
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	6830276
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	2284300
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	2568681
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	2610517
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	7449260
CY2019Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2019Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0
CY2018Q1	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
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22913023
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19376278
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22738806
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19371082
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	22913023
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	19376278
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	22738806
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	19371082
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22913023
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19376278
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22738806
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19371082

Files In Submission

Name	View Source	Status
0001437749-19-010427-index-headers.html	Edgar Link	pending
0001437749-19-010427-index.html	Edgar Link	pending
0001437749-19-010427.txt	Edgar Link	pending
0001437749-19-010427-xbrl.zip	Edgar Link	pending
acan-20190331.xml	Edgar Link	completed
acan-20190331.xsd	Edgar Link	pending
acan-20190331_cal.xml	Edgar Link	unprocessable
acan-20190331_def.xml	Edgar Link	unprocessable
acan-20190331_lab.xml	Edgar Link	unprocessable
acan-20190331_pre.xml	Edgar Link	unprocessable
acan20190331_10q.htm	Edgar Link	pending
ex_144613.htm	Edgar Link	pending
ex_144614.htm	Edgar Link	pending
ex_144615.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2019 Q1 Form 10-Q Financial Statement

#000143774919010427 Filed on May 20, 2019

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$ACAN AmeriCann, Inc. Stock $acan

2019 Q1 Form 10-Q Financial Statement

#000143774919010427 Filed on May 20, 2019

Income Statement

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Facts In Submission

Files In Submission

$ACAN
AmeriCann, Inc. Stock $acan