2022 Q3 Form 10-Q Financial Statement

#000143774922020474 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $811.8K $797.7K $667.4K
YoY Change 10.43% 36.47% 52.6%
Cost Of Revenue $12.00K $12.00K $10.50K
YoY Change -68.55% 59.98% -3.23%
Gross Profit $799.8K $785.7K $656.9K
YoY Change 14.76% 36.17% 54.02%
Gross Profit Margin 98.52% 98.5% 98.43%
Selling, General & Admin $460.0K $459.3K $471.8K
YoY Change 4.74% 0.03% -0.4%
% of Gross Profit 57.51% 58.46% 71.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $112.5K $112.5K $112.5K
YoY Change 0.0% -0.2% -0.21%
% of Gross Profit 14.06% 14.32% 17.12%
Operating Expenses $459.9K $459.3K $471.7K
YoY Change 4.74% 1.69% 1.94%
Operating Profit $339.8K $326.4K $185.1K
YoY Change 31.82% 160.35% -610.03%
Interest Expense -$167.0K -$163.7K -$160.9K
YoY Change -22.45% -27.04% -39.93%
% of Operating Profit -49.15% -50.15% -86.91%
Other Income/Expense, Net -$163.7K -$160.9K
YoY Change -27.04% -39.93%
Pretax Income $172.8K $162.7K $24.24K
YoY Change 307.19% -264.44% -107.97%
Income Tax
% Of Pretax Income
Net Earnings $172.8K $162.7K $24.24K
YoY Change 307.19% -264.45% -107.97%
Net Earnings / Revenue 21.29% 20.4% 3.63%
Basic Earnings Per Share $0.01 $0.00
Diluted Earnings Per Share $7.102K $6.671K $993.80
COMMON SHARES
Basic Shares Outstanding 24.39M 24.39M 24.39M
Diluted Shares Outstanding 24.39M 24.39M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.341M $985.5K $814.9K
YoY Change 92.59% 9.78% 128.29%
Cash & Equivalents $1.341M $985.5K $814.9K
Short-Term Investments
Other Short-Term Assets $72.74K $79.75K $43.30K
YoY Change 216.81% 68.85% 240.14%
Inventory
Prepaid Expenses
Receivables $0.00 $293.4K $240.2K
Other Receivables $294.7K $51.12K $45.44K
Total Short-Term Assets $1.709M $1.410M $1.144M
YoY Change 67.54% 15.2% 95.88%
LONG-TERM ASSETS
Property, Plant & Equipment $13.73M $13.84M $13.90M
YoY Change -1.95% 92.85% 90.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.73M $13.84M $13.92M
YoY Change -2.25% -2.01% -2.25%
TOTAL ASSETS
Total Short-Term Assets $1.709M $1.410M $1.144M
Total Long-Term Assets $13.73M $13.84M $13.92M
Total Assets $15.44M $15.25M $15.06M
YoY Change 2.47% -0.64% 1.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.2K $82.50K $82.50K
YoY Change 98.12% -15.38% -36.54%
Accrued Expenses $65.25K $66.65K $60.43K
YoY Change 0.96% -18.13% -2.92%
Deferred Revenue
YoY Change
Short-Term Debt $150.0K $150.0K $150.0K
YoY Change 0.0% -66.67% -66.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $499.5K $513.0K $509.4K
YoY Change -2.87% -44.1% -41.2%
LONG-TERM LIABILITIES
Long-Term Debt $4.919M $4.890M $4.864M
YoY Change 2.23% 3.29% 4.46%
Other Long-Term Liabilities $4.217M $4.220M $4.222M
YoY Change -0.27% -0.26% -0.26%
Total Long-Term Liabilities $9.136M $9.110M $9.086M
YoY Change 1.06% 1.62% 2.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $499.5K $513.0K $509.4K
Total Long-Term Liabilities $9.136M $9.110M $9.086M
Total Liabilities $9.635M $9.623M $9.596M
YoY Change 0.85% -2.63% -1.64%
SHAREHOLDERS EQUITY
Retained Earnings -$19.76M -$19.93M -$20.09M
YoY Change 0.88% 1.55% 2.89%
Common Stock $2.439K $2.439K $2.439K
YoY Change 0.79% 0.79% 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.802M $5.629M $5.467M
YoY Change
Total Liabilities & Shareholders Equity $15.44M $15.25M $15.06M
YoY Change 2.47% -0.64% 1.62%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $172.8K $162.7K $24.24K
YoY Change 307.19% -264.45% -107.97%
Depreciation, Depletion And Amortization $112.5K $112.5K $112.5K
YoY Change 0.0% -0.2% -0.21%
Cash From Operating Activities $364.3K $229.4K $129.8K
YoY Change 145.98% 283.21% -153.92%
INVESTING ACTIVITIES
Capital Expenditures -$23.27K -$65.83K -$65.99K
YoY Change -60.37% 133.61% 915.23%
Acquisitions
YoY Change
Other Investing Activities $14.68K $7.030K $10.14K
YoY Change 58.19% -20.74% 19.43%
Cash From Investing Activities -$8.570K -$58.81K -$55.84K
YoY Change -82.67% 204.56% -2906.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change -100.0% -100.0% -100.0%
NET CHANGE
Cash From Operating Activities 364.3K 229.4K 129.8K
Cash From Investing Activities -8.570K -58.81K -55.84K
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash 355.7K 170.6K 73.93K
YoY Change -276.64% -68.44% -180.64%
FREE CASH FLOW
Cash From Operating Activities $364.3K $229.4K $129.8K
Capital Expenditures -$23.27K -$65.83K -$65.99K
Free Cash Flow $387.5K $295.2K $195.8K
YoY Change 87.39% 235.32% -183.6%

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IncreaseDecreaseInInterestPayableNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Property Plant And Equipment Gross
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us-gaap Depreciation
Depreciation
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Depreciation
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CY2022Q2 acan Notes And Other Receivables Net Current
NotesAndOtherReceivablesNetCurrent
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RetainedEarningsAccumulatedDeficit
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us-gaap Net Income Loss
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CY2022Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
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CY2021Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
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CY2022Q2 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
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NotesReceivableRelatedPartiesNoncurrent
43185 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
162734 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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24391961
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WeightedAverageNumberOfSharesOutstandingBasic
23877629
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24333911
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23756750
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391961
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23877629
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24333911
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23756750
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6980957 usd
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6795260 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11064 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4219500 usd
CY2022Q2 acan Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
288125 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P44Y3M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
85376 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
341500 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
341500 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
341500 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
341500 usd
CY2022Q2 acan Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
13660001 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15111377 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10880813 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4230564 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11064 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4219500 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
354905 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
322095 usd
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
195651
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
90000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.94
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y6M
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1700000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1700000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7666650
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.21
CY2021 acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P0Y9M18D
acan Class Of Warrant Or Right Expired During Period
ClassOfWarrantOrRightExpiredDuringPeriod
-3640000
acan Class Of Warrant Or Right Expired During Period Exercise Price
ClassOfWarrantOrRightExpiredDuringPeriodExercisePrice
1.00
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4026650
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.40
acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P1Y4M24D
CY2022Q2 acan Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
4026650
CY2022Q2 acan Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
1.40
acan Class Of Warrant Or Right Exercisable Weighted Average Remaining Contract Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractTerm
P1Y4M24D
dei Entity Registrant Name
EntityRegistrantName
Americann, Inc.

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