$AMMJ
American Cannabis Company, Inc.

2021 Q3 Form 10-Q Financial Statement

#000172186821000752 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $753.0K $310.8K $268.7K
YoY Change 180.21% 17.36% -62.92%
Cost Of Revenue $424.2K $153.5K $157.5K
YoY Change 169.42% 252.2% -46.04%
Gross Profit $328.7K $157.3K $111.3K
YoY Change 195.48% -28.9% -74.3%
Gross Profit Margin 43.66% 50.61% 41.4%
Selling, General & Admin $590.1K $315.8K $280.9K
YoY Change 110.05% -17.71% -29.19%
% of Gross Profit 179.52% 200.78% 252.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.83K $2.870K $3.970K
YoY Change 1633.75% -4.33% 142.07%
% of Gross Profit 20.94% 1.82% 3.57%
Operating Expenses $590.1K $315.8K $280.9K
YoY Change 110.05% -17.73% -29.19%
Operating Profit -$261.4K -$158.5K -$169.7K
YoY Change 54.05% -2.52% -570.45%
Interest Expense -$28.03K $1.080K -$1.790K
YoY Change 1465.92%
% of Operating Profit
Other Income/Expense, Net $940.00 $38.91K $36.90K
YoY Change -97.45% -124.09% 266.8%
Pretax Income -$158.3K -$118.5K -$134.6K
YoY Change 17.63% -63.71% -391.68%
Income Tax
% Of Pretax Income
Net Earnings -$158.3K -$118.5K -$134.6K
YoY Change 17.63% -63.71% -391.68%
Net Earnings / Revenue -21.02% -38.14% -50.08%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$1.977K -$1.775K -$2.382K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $887.0K $1.726M $1.198M
YoY Change -25.94% 81.75% 42.23%
Cash & Equivalents $884.1K $1.723M $1.195M
Short-Term Investments $2.900K $2.900K $2.900K
Other Short-Term Assets $53.60K $50.30K $20.62K
YoY Change 159.94% -22.94% -9.48%
Inventory $277.3K $62.40K $100.8K
Prepaid Expenses
Receivables $45.16K $24.96K $10.91K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.263M $1.864M $1.330M
YoY Change -5.03% 60.12% 1.81%
LONG-TERM ASSETS
Property, Plant & Equipment $543.3K $24.65K $29.56K
YoY Change 1737.99% -38.44% -7.94%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.89K $0.00
YoY Change
Total Long-Term Assets $3.170M $24.65K $29.56K
YoY Change 10622.56% -38.44% -7.94%
TOTAL ASSETS
Total Short-Term Assets $1.263M $1.864M $1.330M
Total Long-Term Assets $3.170M $24.65K $29.56K
Total Assets $4.433M $1.888M $1.360M
YoY Change 226.05% 56.85% 1.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $173.8K $13.15K $20.29K
YoY Change 756.38% 34.87% 192.36%
Accrued Expenses $189.4K $450.00 $65.87K
YoY Change 187.48% -99.7% -55.54%
Deferred Revenue
YoY Change
Short-Term Debt $1.100M $109.9K $109.9K
YoY Change 900.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.646M $261.2K $383.6K
YoY Change 328.96% -19.48% 72.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.270K
YoY Change
Total Long-Term Liabilities $8.270K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.646M $261.2K $383.6K
Total Long-Term Liabilities $8.270K $0.00
Total Liabilities $1.654M $261.2K $383.6K
YoY Change 331.12% -19.48% 72.79%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.779M $1.627M $975.9K
YoY Change
Total Liabilities & Shareholders Equity $4.433M $1.888M $1.360M
YoY Change 226.05% 56.85% 1.57%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$158.3K -$118.5K -$134.6K
YoY Change 17.63% -63.71% -391.68%
Depreciation, Depletion And Amortization $68.83K $2.870K $3.970K
YoY Change 1633.75% -4.33% 142.07%
Cash From Operating Activities -$308.8K -$205.9K -$200.4K
YoY Change 54.07% -393.22% 2427.36%
INVESTING ACTIVITIES
Capital Expenditures $34.08K $360.00 -$320.00
YoY Change -10750.0% -103.29% -98.68%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $34.08K $360.00 -$320.00
YoY Change -10750.0% -103.29% -98.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.93K 734.0K 500.0K
YoY Change -94.61%
NET CHANGE
Cash From Operating Activities -308.8K -205.9K -200.4K
Cash From Investing Activities 34.08K 360.0 -320.0
Cash From Financing Activities 26.93K 734.0K 500.0K
Net Change In Cash -247.8K 528.4K 299.3K
YoY Change -182.79% 791.4% -1028.58%
FREE CASH FLOW
Cash From Operating Activities -$308.8K -$205.9K -$200.4K
Capital Expenditures $34.08K $360.00 -$320.00
Free Cash Flow -$342.9K -$206.3K -$200.1K
YoY Change 71.35% -354.14% -1322.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
USD
AMMJ Stock Issued For Cashless Exercise Value
StockIssuedForCashlessExerciseValue
USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
USD
AMMJ Debt Forgiveness1
DebtForgiveness1
USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
AMMJ Proceeds From Sale Of Other Assets
ProceedsFromSaleOfOtherAssets
USD
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Interest Paid Net
InterestPaidNet
USD
us-gaap Interest Paid Net
InterestPaidNet
USD
AMMJ Note Payable Issued For Acquisition Of Assets
NotePayableIssuedForAcquisitionOfAssets
USD
CY2021Q3 AMMJ Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
BusinessAcquisitionsProFormaBasicAndDilutedLossPerShare
CY2020Q3 AMMJ Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
BusinessAcquisitionsProFormaBasicAndDilutedLossPerShare
AMMJ Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
BusinessAcquisitionsProFormaBasicAndDilutedLossPerShare
AMMJ Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
BusinessAcquisitionsProFormaBasicAndDilutedLossPerShare
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
USD
CY2020Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
USD
CY2020Q4 us-gaap Goodwill
Goodwill
USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
USD
CY2020Q4 AMMJ Long Term Deposits
LongTermDeposits
USD
CY2020Q4 us-gaap Other Assets
OtherAssets
USD
CY2020Q4 AMMJ Stock Payable
StockPayable
USD
CY2020Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
USD
CY2020Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020Q3 AMMJ Cannabis Products
CannabisProducts
USD
AMMJ Cannabis Products
CannabisProducts
USD
CY2020Q3 AMMJ Cost Of Cannabis Product
CostOfCannabisProduct
USD
AMMJ Cost Of Cannabis Product
CostOfCannabisProduct
USD
CY2020Q3 AMMJ Stock Based Compensation Expense
StockBasedCompensationExpense
USD
CY2020Q3 AMMJ Debt Forgiveness
DebtForgiveness
USD
AMMJ Debt Forgiveness
DebtForgiveness
USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD

Files In Submission

Name View Source Status
0001721868-21-000752-index-headers.html Edgar Link pending
0001721868-21-000752-index.html Edgar Link pending
0001721868-21-000752.txt Edgar Link pending
0001721868-21-000752-xbrl.zip Edgar Link pending
ammj-20210930.xsd Edgar Link pending
ammj-20210930_cal.xml Edgar Link unprocessable
ammj-20210930_def.xml Edgar Link unprocessable
ammj-20210930_lab.xml Edgar Link unprocessable
ammj-20210930_pre.xml Edgar Link unprocessable
f2sammj10q110421.htm Edgar Link pending
f2sammj10q110421ex31_1.htm Edgar Link pending
f2sammj10q110421ex32_1.htm Edgar Link pending
f2sammj10q110421_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
MetaLinks.json 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
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.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