$ACAN
AmeriCann, Inc.

2019 Q4 Form 10-Q Financial Statement

#000143774920003049 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $34.69K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin -$1.183M $519.6K
YoY Change -327.6% -11.93%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $108.6K $461.00
YoY Change 23448.37% -87.67%
% of Gross Profit
Operating Expenses -$1.183M $357.9K
YoY Change -430.42% -39.11%
Operating Profit $1.217M -$357.9K
YoY Change -440.12% -39.11%
Interest Expense -$199.3K $151.4K
YoY Change -231.65% -79.93%
% of Operating Profit -16.37%
Other Income/Expense, Net -$199.3K -$180.6K
YoY Change 10.35% -77.04%
Pretax Income $1.018M -$556.9K
YoY Change -282.79% -59.35%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.018M -$538.5K
YoY Change -289.04% -60.82%
Net Earnings / Revenue 2934.44%
Basic Earnings Per Share
Diluted Earnings Per Share $43.31K -$24.31K
COMMON SHARES
Basic Shares Outstanding 23.50M 22.57M
Diluted Shares Outstanding 23.50M 22.57M

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.08K $71.82K
YoY Change -13.56% -90.16%
Cash & Equivalents $62.08K $71.82K
Short-Term Investments
Other Short-Term Assets $358.7K $4.500M
YoY Change -92.03% 946.6%
Inventory
Prepaid Expenses
Receivables $1.520K $0.00
Other Receivables $1.787M $24.68K
Total Short-Term Assets $2.209M $4.597M
YoY Change -51.94% 296.01%
LONG-TERM ASSETS
Property, Plant & Equipment $7.662M $2.303K
YoY Change 332582.24% -40.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.110K $2.713M
YoY Change -99.89% -2.07%
Total Long-Term Assets $14.85M $5.354M
YoY Change 177.41% 22.26%
TOTAL ASSETS
Total Short-Term Assets $2.209M $4.597M
Total Long-Term Assets $14.85M $5.354M
Total Assets $17.06M $9.950M
YoY Change 71.45% 79.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.4K $59.63K
YoY Change 117.02% -86.13%
Accrued Expenses $104.5K $44.49K
YoY Change 134.97% -62.93%
Deferred Revenue
YoY Change
Short-Term Debt $385.0K $615.0K
YoY Change -37.4% 39.77%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $626.0K $2.501M
YoY Change -74.97% 150.76%
LONG-TERM LIABILITIES
Long-Term Debt $4.951M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.246M $0.00
YoY Change
Total Long-Term Liabilities $9.197M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $626.0K $2.501M
Total Long-Term Liabilities $9.197M $0.00
Total Liabilities $9.823M $2.501M
YoY Change 292.74% -15.81%
SHAREHOLDERS EQUITY
Retained Earnings -$18.72M -$13.65M
YoY Change 37.18% 35.79%
Common Stock $2.351K $2.279K
YoY Change 3.16% 17.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.237M $7.449M
YoY Change
Total Liabilities & Shareholders Equity $17.06M $9.950M
YoY Change 71.45% 79.63%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $1.018M -$538.5K
YoY Change -289.04% -60.82%
Depreciation, Depletion And Amortization $108.6K $461.00
YoY Change 23448.37% -87.67%
Cash From Operating Activities -$603.5K -$534.4K
YoY Change 12.94% -14.99%
INVESTING ACTIVITIES
Capital Expenditures -$305.0K -$26.73K
YoY Change 1041.11%
Acquisitions
YoY Change
Other Investing Activities $4.810K $5.600K
YoY Change -14.11%
Cash From Investing Activities -$300.2K -$21.14K
YoY Change 1320.26% 1733.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $650.0K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.046M
YoY Change -39.43%
NET CHANGE
Cash From Operating Activities -603.5K -534.4K
Cash From Investing Activities -300.2K -21.14K
Cash From Financing Activities 1.046M
Net Change In Cash -903.8K 490.0K
YoY Change -284.46% -55.3%
FREE CASH FLOW
Cash From Operating Activities -$603.5K -$534.4K
Capital Expenditures -$305.0K -$26.73K
Free Cash Flow -$298.5K -$507.7K
YoY Change -41.2% -19.24%

Facts In Submission

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CY2019Q4 us-gaap Preferred Stock Shares Authorized
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20000000
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CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
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0
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0
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CY2019Q4 us-gaap Preferred Stock Value
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CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2019Q4 us-gaap Prepaid Rent
PrepaidRent
CY2019Q3 us-gaap Prepaid Rent
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CY2019Q4 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
4807
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5595
CY2019Q4 us-gaap Proceeds From Issuance Of Common Stock
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CY2019Q3 us-gaap Property Plant And Equipment Gross
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.69
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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1050000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.64
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P4Y73D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2019Q4 us-gaap Stock Issued1
StockIssued1
CY2018Q4 us-gaap Stock Issued1
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CY2018Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2018Q4 us-gaap Stock Issued During Period Value Issued For Services
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65000
CY2019Q4 us-gaap Provision For Doubtful Accounts
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-1761675
CY2018Q4 us-gaap Provision For Doubtful Accounts
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326222
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
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826219
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-16995224
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CY2019Q4 us-gaap Revenues
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34691
CY2018Q4 us-gaap Revenues
Revenues
CY2019Q4 us-gaap Share Based Compensation
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108522
CY2018Q4 us-gaap Share Based Compensation
ShareBasedCompensation
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1050000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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1.64
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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800000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
800000
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.69
CY2018Q4 us-gaap Stockholders Equity
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7449260
CY2019Q4 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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0
CY2019Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0
CY2018Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23504820
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22568375
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23504820
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22568375
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23504820
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22568375

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