$ACAN
AmeriCann, Inc.

2024 Q3 Form 10-Q Financial Statement

#000143774924026071 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $172.8K
YoY Change -70.36%
Cost Of Revenue $390.00
YoY Change
Gross Profit $172.4K
YoY Change -70.43%
Gross Profit Margin 99.78%
Selling, General & Admin $505.1K
YoY Change 11.19%
% of Gross Profit 293.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.6K
YoY Change -0.01%
% of Gross Profit 67.04%
Operating Expenses $505.1K
YoY Change 11.19%
Operating Profit -$332.7K
YoY Change -358.56%
Interest Expense -$125.5K
YoY Change -32.0%
% of Operating Profit
Other Income/Expense, Net -$125.5K
YoY Change -32.0%
Pretax Income -$458.2K
YoY Change 719.26%
Income Tax
% Of Pretax Income
Net Earnings -$458.2K
YoY Change 719.32%
Net Earnings / Revenue -265.23%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.02
COMMON SHARES
Basic Shares Outstanding 24.39M 24.39M
Diluted Shares Outstanding 24.39M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.6K
YoY Change -84.87%
Cash & Equivalents $210.6K
Short-Term Investments
Other Short-Term Assets $37.57K
YoY Change 12.82%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $948.4K
YoY Change -42.66%
LONG-TERM ASSETS
Property, Plant & Equipment $13.08M
YoY Change -3.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.37M
YoY Change -1.8%
TOTAL ASSETS
Total Short-Term Assets $948.4K
Total Long-Term Assets $13.37M
Total Assets $14.32M
YoY Change -6.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.25K
YoY Change -23.13%
Accrued Expenses $66.68K
YoY Change 26.65%
Deferred Revenue
YoY Change
Short-Term Debt $5.082M
YoY Change 13.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.213M
YoY Change 12.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.195M
YoY Change -0.31%
Total Long-Term Liabilities $4.195M
YoY Change -12.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.213M
Total Long-Term Liabilities $4.195M
Total Liabilities $9.407M
YoY Change -0.06%
SHAREHOLDERS EQUITY
Retained Earnings -$20.65M
YoY Change 4.79%
Common Stock $2.439K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.911M
YoY Change
Total Liabilities & Shareholders Equity $14.32M
YoY Change -6.22%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$458.2K
YoY Change 719.32%
Depreciation, Depletion And Amortization $115.6K
YoY Change -0.01%
Cash From Operating Activities -$318.6K
YoY Change -284.28%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $15.76K
YoY Change 24.19%
Cash From Investing Activities $15.76K
YoY Change -146.67%
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
YoY Change
NET CHANGE
Cash From Operating Activities -318.6K
Cash From Investing Activities 15.76K
Cash From Financing Activities 0.000
Net Change In Cash -302.8K
YoY Change -317.69%
FREE CASH FLOW
Cash From Operating Activities -$318.6K
Capital Expenditures $0.00
Free Cash Flow -$318.6K
YoY Change -352.01%

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RetainedEarningsAccumulatedDeficit
-20649740 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19853444 usd
CY2024Q2 acan Note Receivable Interest Rate
NoteReceivableInterestRate
0.12 pure
CY2023Q3 acan Note Receivable Interest Rate
NoteReceivableInterestRate
0.12 pure
acan Note Receivable Periodic Payment
NoteReceivablePeriodicPayment
8898 usd
CY2023 acan Note Receivable Periodic Payment
NoteReceivablePeriodicPayment
8898 usd
CY2024Q2 acan Notes And Other Receivables Net
NotesAndOtherReceivablesNet
354115 usd
CY2023Q3 acan Notes And Other Receivables Net
NotesAndOtherReceivablesNet
400000 usd
CY2024Q2 acan Notes And Other Receivables Net Current
NotesAndOtherReceivablesNetCurrent
-67935 usd
CY2023Q3 acan Notes And Other Receivables Net Current
NotesAndOtherReceivablesNetCurrent
-62116 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
286180 usd
CY2023Q3 us-gaap Notes Receivable Net
NotesReceivableNet
337884 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-458206 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-55925 usd
us-gaap Net Income Loss
NetIncomeLoss
-796296 usd
us-gaap Net Income Loss
NetIncomeLoss
53442 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24391961
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24391961
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24391961
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24391961
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q2 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
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391961
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391961
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391961
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391961
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6980957 usd
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4256869 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6656310 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12944 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4194586 usd
acan Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
256125 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P42Y3M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
85375 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
341500 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
341500 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
341500 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
341500 usd
CY2024Q2 acan Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
12977000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14428375 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10220845 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4207530 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12944 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4194586 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
361031 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
361031 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2023Q3 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
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y4M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2024Q2 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
P2Y8M12D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2024Q2 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 Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y8M12D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1700000
CY2024Q2 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
P2Y8M12D
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2148000
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.33
CY2023 acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P1Y1M17D
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2148000
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.33
acan Class Of Warrant Or Right Outstanding Weighted Average Remaining Contract Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractTerm
P0Y4M17D
CY2024Q2 acan Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
2148000
CY2024Q2 acan Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
1.33
acan Class Of Warrant Or Right Exercisable Weighted Average Remaining Contract Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractTerm
P0Y4M17D

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acan-20240630.xsd Edgar Link pending
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