$ACAN
AmeriCann, Inc.

2021 Q1 Form 10-Q Financial Statement

#000143774921012106 Filed on May 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $437.3K $34.69K
YoY Change 1160.72%
Cost Of Revenue $10.85K
YoY Change
Gross Profit $426.5K
YoY Change
Gross Profit Margin 97.52%
Selling, General & Admin $473.6K $538.8K
YoY Change -12.1% 3.62%
% of Gross Profit 111.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $112.7K $112.8K
YoY Change -0.07% 48943.48%
% of Gross Profit 26.43%
Operating Expenses $462.8K $538.8K
YoY Change -14.11% 3.7%
Operating Profit -$36.30K -$504.1K
YoY Change -92.8% -2.98%
Interest Expense -$267.8K $84.03K
YoY Change -418.7% 616.0%
% of Operating Profit
Other Income/Expense, Net -$267.8K $84.04K
YoY Change -418.67% -325.12%
Pretax Income -$304.1K -$420.1K
YoY Change -27.61% -24.99%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$304.1K -$420.1K
YoY Change -27.61% -24.57%
Net Earnings / Revenue -69.53% -1210.97%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$12.83K -$17.87K
COMMON SHARES
Basic Shares Outstanding 23.70M 23.50M
Diluted Shares Outstanding 23.70M 23.50M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $356.9K $414.9K
YoY Change -13.97% 5646.54%
Cash & Equivalents $356.9K $414.9K
Short-Term Investments
Other Short-Term Assets $12.73K $14.52K
YoY Change -12.33% -99.21%
Inventory
Prepaid Expenses
Receivables $176.2K $2.670K
Other Receivables $38.01K $30.86K
Total Short-Term Assets $583.9K $463.0K
YoY Change 26.13% -75.14%
LONG-TERM ASSETS
Property, Plant & Equipment $7.287M $7.730M
YoY Change -5.73% 372789.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.110K
YoY Change -99.88%
Total Long-Term Assets $14.24M $14.79M
YoY Change -3.72% 84.69%
TOTAL ASSETS
Total Short-Term Assets $583.9K $463.0K
Total Long-Term Assets $14.24M $14.79M
Total Assets $14.82M $15.25M
YoY Change -2.81% 54.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.0K $83.14K
YoY Change 56.36% -65.77%
Accrued Expenses $62.25K $54.60K
YoY Change 14.01% 71.7%
Deferred Revenue
YoY Change
Short-Term Debt $450.0K $150.0K
YoY Change 200.0% -72.73%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $866.4K $298.7K
YoY Change 190.0% -88.59%
LONG-TERM LIABILITIES
Long-Term Debt $4.656M $3.854M
YoY Change 20.81%
Other Long-Term Liabilities $4.233M $4.243M
YoY Change -0.24%
Total Long-Term Liabilities $8.889M $8.098M
YoY Change 9.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $866.4K $298.7K
Total Long-Term Liabilities $8.889M $8.098M
Total Liabilities $9.756M $8.396M
YoY Change 16.19% 220.65%
SHAREHOLDERS EQUITY
Retained Earnings -$19.53M -$17.42M
YoY Change 12.14% 22.6%
Common Stock $2.370K $2.351K
YoY Change 0.81% 2.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.067M $6.856M
YoY Change
Total Liabilities & Shareholders Equity $14.82M $15.25M
YoY Change -2.81% 54.53%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$304.1K -$420.1K
YoY Change -27.61% -24.57%
Depreciation, Depletion And Amortization $112.7K $112.8K
YoY Change -0.07% 48943.48%
Cash From Operating Activities -$240.7K $1.506M
YoY Change -115.98% -518.65%
INVESTING ACTIVITIES
Capital Expenditures -$6.500K -$73.54K
YoY Change -91.16% -97.25%
Acquisitions
YoY Change
Other Investing Activities $8.490K $4.830K
YoY Change 75.78% -17.44%
Cash From Investing Activities $1.990K -$68.71K
YoY Change -102.9% -97.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 147.0K -1.410M
YoY Change -110.43% -579.59%
NET CHANGE
Cash From Operating Activities -240.7K 1.506M
Cash From Investing Activities 1.990K -68.71K
Cash From Financing Activities 147.0K -1.410M
Net Change In Cash -91.68K 27.47K
YoY Change -433.75% -101.0%
FREE CASH FLOW
Cash From Operating Activities -$240.7K $1.506M
Capital Expenditures -$6.500K -$73.54K
Free Cash Flow -$234.2K $1.580M
YoY Change -114.82% -31.79%

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us-gaap Payments For Construction In Process
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CY2020Q3 us-gaap Preferred Stock Value
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2500
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us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
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CY2021Q1 us-gaap Professional Fees
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CY2020Q1 us-gaap Professional Fees
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us-gaap Professional Fees
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us-gaap Professional Fees
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2020Q3 us-gaap Property Plant And Equipment Net
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2020Q1 us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Related Party Debt
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us-gaap Share Based Compensation
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0
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1850000
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1.99
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1850000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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1850000
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.99
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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1.99
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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1850000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2020 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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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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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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0
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0
CY2020Q1 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
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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23696310
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23504820
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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23696310
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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23504820
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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23696310
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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23504820
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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23696310
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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23504820
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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23696310
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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23504820
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23696310
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23504820

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