2024 Q4 Form 10-Q Financial Statement

#000109690624002146 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $230.0K
YoY Change -9.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K
YoY Change -52.94%
% of Gross Profit
Operating Expenses $92.65K $238.8K
YoY Change -61.21% -13.38%
Operating Profit -$92.65K -$238.8K
YoY Change -61.21% -14.08%
Interest Expense $3.238K $15.30K
YoY Change -78.84% -50.68%
% of Operating Profit
Other Income/Expense, Net -$3.238K $973.1K
YoY Change -100.33% 48945.97%
Pretax Income $730.0K
YoY Change -337.78%
Income Tax
% Of Pretax Income
Net Earnings -$95.89K $734.2K
YoY Change -113.06% -339.16%
Net Earnings / Revenue
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 125.4M shares 123.5M shares 123.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $640.0K
YoY Change 19.51%
Cash & Equivalents $5.311K $643.7K
Short-Term Investments
Other Short-Term Assets $4.390K $12.01K
YoY Change -63.45% 1050.48%
Inventory
Prepaid Expenses $29.68K $28.41K
Receivables $10.00K
Other Receivables $0.00
Total Short-Term Assets $39.38K $684.1K
YoY Change -94.24% 6.33%
LONG-TERM ASSETS
Property, Plant & Equipment $501.3K $520.1K
YoY Change -3.6% -57.79%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $557.4K $591.7K
YoY Change -5.79% -67.12%
TOTAL ASSETS
Total Short-Term Assets $39.38K $684.1K
Total Long-Term Assets $557.4K $591.7K
Total Assets $596.8K $1.276M
YoY Change -53.22% -47.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.2K $147.6K
YoY Change 35.62% 18.89%
Accrued Expenses $88.15K $63.36K
YoY Change 39.14% 49.42%
Deferred Revenue
YoY Change
Short-Term Debt $150.0K
YoY Change -80.35%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $685.0K $654.1K
YoY Change 4.73% -54.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $685.0K $654.1K
Total Long-Term Liabilities $0.00
Total Liabilities $685.0K $654.1K
YoY Change 4.73% -54.79%
SHAREHOLDERS EQUITY
Retained Earnings -$84.77M -$84.00M
YoY Change 0.92% 0.59%
Common Stock $125.4K $123.5K
YoY Change 1.58% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$88.23K $621.8K
YoY Change
Total Liabilities & Shareholders Equity $596.8K $1.276M
YoY Change -53.22% -47.77%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$95.89K $734.2K
YoY Change -113.06% -339.16%
Depreciation, Depletion And Amortization $10.00K
YoY Change -52.94%
Cash From Operating Activities -$450.0K
YoY Change 135.53%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.640M
YoY Change
Cash From Investing Activities $1.640M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -580.0K
YoY Change 522.38%
NET CHANGE
Cash From Operating Activities -450.0K
Cash From Investing Activities 1.640M
Cash From Financing Activities -580.0K
Net Change In Cash 610.0K
YoY Change -314.6%
FREE CASH FLOW
Cash From Operating Activities -$450.0K
Capital Expenditures $0.00
Free Cash Flow -$450.0K
YoY Change 135.53%

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0 usd
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us-gaap Net Cash Provided By Used In Investing Activities
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IncomeTaxesPaidNet
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dei Parent Entity Legal Name
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us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
us-gaap Advertising Expense
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2911 usd
CY2024Q3 us-gaap Cumulative Earnings Deficit
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36183 usd
CY2024Q3 weed Total Notes Payable Related Partiy
TotalNotesPayableRelatedPartiy
152000 usd
CY2023Q4 weed Total Notes Payable Related Partiy
TotalNotesPayableRelatedPartiy
157000 usd
CY2024Q3 weed Loan Fee Net Of Amortization
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16236 usd
CY2023Q4 weed Loan Fee Net Of Amortization
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23927 usd
CY2024Q3 weed Notes Payable Related Parties Classified Current1
NotesPayableRelatedPartiesClassifiedCurrent1
135764 usd
CY2023Q4 weed Notes Payable Related Parties Classified Current1
NotesPayableRelatedPartiesClassifiedCurrent1
133073 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd

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