$AMMJ
American Cannabis Company, Inc.

2021 Form 10-K Financial Statement

#000190359622000219 Filed on April 25, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $2.425M $310.8K $1.570M
YoY Change 54.49% 17.36% -26.33%
Cost Of Revenue $1.369M $153.5K $849.1K
YoY Change 61.23% 252.2% 7.24%
Gross Profit $1.056M $157.3K $720.7K
YoY Change 46.55% -28.9% -46.18%
Gross Profit Margin 43.55% 50.61% 45.91%
Selling, General & Admin $2.347M $315.8K $1.345M
YoY Change 74.53% -17.71% -1.0%
% of Gross Profit 222.21% 200.78% 186.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $95.56K $2.870K $13.94K
YoY Change 585.51% -4.33% 113.48%
% of Gross Profit 9.05% 1.82% 1.93%
Operating Expenses $2.347M $315.8K $1.345M
YoY Change 74.53% -17.73% -1.03%
Operating Profit -$1.291M -$158.5K -$624.0K
YoY Change 106.83% -2.52% 3069.32%
Interest Expense -$75.37K $1.080K -$1.790K
YoY Change 4110.61%
% of Operating Profit
Other Income/Expense, Net $35.88K $38.91K $93.41K
YoY Change -61.59% -124.09% -133.12%
Pretax Income -$1.439M -$118.5K -$532.4K
YoY Change 170.33% -63.71% 76.45%
Income Tax
% Of Pretax Income
Net Earnings -$1.439M -$118.5K -$532.4K
YoY Change 170.33% -63.71% 76.45%
Net Earnings / Revenue -59.35% -38.14% -33.92%
Basic Earnings Per Share
Diluted Earnings Per Share -$18.36K -$1.775K -$9.252K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $673.3K $1.726M $1.726M
YoY Change -60.99% 81.75% 81.75%
Cash & Equivalents $670.4K $1.723M $1.723M
Short-Term Investments $2.900K $2.900K $2.900K
Other Short-Term Assets $51.35K $50.30K $50.30K
YoY Change 2.09% -22.94% -22.94%
Inventory $278.6K $62.40K $62.40K
Prepaid Expenses
Receivables $11.32K $24.96K $24.96K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.015M $1.864M $1.864M
YoY Change -45.56% 60.12% 60.12%
LONG-TERM ASSETS
Property, Plant & Equipment $471.6K $24.65K $24.65K
YoY Change 1812.98% -38.44% -38.44%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.000K $0.00 $0.00
YoY Change
Total Long-Term Assets $3.209M $24.65K $24.65K
YoY Change 12916.63% -38.44% -38.44%
TOTAL ASSETS
Total Short-Term Assets $1.015M $1.864M $1.864M
Total Long-Term Assets $3.209M $24.65K $24.65K
Total Assets $4.223M $1.888M $1.888M
YoY Change 123.65% 56.85% 56.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.7K $13.15K $13.15K
YoY Change 1745.48% 34.87% 34.87%
Accrued Expenses $188.9K $450.00 $450.00
YoY Change 41873.33% -99.7% -99.7%
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 $1.929M $261.2K $261.2K
YoY Change 638.71% -19.48% -19.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $175.0K
YoY Change
Total Long-Term Liabilities $175.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.929M $261.2K $261.2K
Total Long-Term Liabilities $175.0K $0.00
Total Liabilities $2.104M $261.2K $261.2K
YoY Change 705.72% -19.48% -19.48%
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 $2.119M $1.627M $1.627M
YoY Change
Total Liabilities & Shareholders Equity $4.223M $1.888M $1.888M
YoY Change 123.65% 56.85% 56.85%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$1.439M -$118.5K -$532.4K
YoY Change 170.33% -63.71% 76.45%
Depreciation, Depletion And Amortization $95.56K $2.870K $13.94K
YoY Change 585.51% -4.33% 113.48%
Cash From Operating Activities -$958.0K -$205.9K -$525.8K
YoY Change 82.2% -393.22% 411.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.466M $360.00 -$2.230K
YoY Change 65638.12% -103.29% -94.21%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $2.500K
YoY Change -100.0%
Cash From Investing Activities -$1.466M $360.00 $270.00
YoY Change -543048.15% -103.29% -100.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.371M 734.0K 1.303M
YoY Change 5.2%
NET CHANGE
Cash From Operating Activities -958.0K -205.9K -525.8K
Cash From Investing Activities -1.466M 360.0 270.0
Cash From Financing Activities 1.371M 734.0K 1.303M
Net Change In Cash -1.053M 528.4K 778.0K
YoY Change -235.32% 791.4% -650.22%
FREE CASH FLOW
Cash From Operating Activities -$958.0K -$205.9K -$525.8K
Capital Expenditures -$1.466M $360.00 -$2.230K
Free Cash Flow $508.0K -$206.3K -$523.6K
YoY Change -197.02% -354.14% 714.12%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
USD
CY2020Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Deposit Assets
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CY2020Q4 us-gaap Other Assets
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CY2020Q4 AMMJ Stock Payable
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CY2020Q4 us-gaap Operating Lease Liability Current
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CY2020Q4 AMMJ Litigation Settlement Current
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CY2020Q4 AMMJ Litigation Settlement
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CY2020Q4 us-gaap Liabilities Noncurrent
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USD
CY2021Q4 us-gaap Preferred Stock Value
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CY2020Q4 us-gaap Preferred Stock Value
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USD
CY2020 AMMJ Cannabis Products
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USD
CY2020 AMMJ Cost Of Cannabis Product
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USD
CY2020 AMMJ Debt Forgiveness
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USD
CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2020 us-gaap Litigation Settlement Expense
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CY2020 AMMJ Debt Instrument Decrease Forgivenes
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2020 AMMJ Payment For Acquisition Of Assets
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CY2020 us-gaap Payments To Acquire Intangible Assets
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CY2021 us-gaap Income Taxes Paid
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CY2020 us-gaap Income Taxes Paid
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CY2021 us-gaap Interest Paid
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CY2020 us-gaap Interest Paid
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CY2020 AMMJ Stock Issued For Acquisition Of Assets
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CY2020 AMMJ Note Payable Issued For Acquisition Of Assets
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CY2021 AMMJ Stock Issued For Cashless Exercise Of Warrants
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CY2021 AMMJ Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
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CY2020Q4 us-gaap Inventory Work In Process
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CY2020Q4 us-gaap Accrued Salaries Current
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CY2020Q4 us-gaap Sales And Excise Tax Payable Current
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CY2020Q4 AMMJ Stock Payable Amounts
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CY2021 AMMJ Shares Issued For Expensed Incurred Amount
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CY2021Q4 us-gaap Capital Lease Obligations
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CY2021Q4 us-gaap Warrants And Rights Outstanding
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CY2020Q4 us-gaap Convertible Notes Payable
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CY2020 AMMJ Nondeductible Expenses Including Nondeductible Premerger Losses
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CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
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CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
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CY2020Q4 AMMJ Lease Liability
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CY2021Q4 AMMJ Beneficial Conversion Feature
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USD
CY2020Q4 AMMJ Right Of Use Asset
RightOfUseAsset
USD
CY2021Q4 us-gaap Deferred Tax Assets Net
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USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD

Files In Submission

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0001903596-22-000219.txt Edgar Link pending
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ammj-20211231.xsd Edgar Link pending
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