$CBDY
Target Group Inc.

2017 Q2 Form 10-Q Financial Statement

#000114420417043231 Filed on August 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $14.19K $4.500K
YoY Change 215.24%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $110.0K $100.0K
YoY Change 10.0% 11.11%
% of Gross Profit
Research & Development $36.68K $38.77K
YoY Change -5.38% 184.02%
% of Gross Profit
Depreciation & Amortization $10.00K
YoY Change
% of Gross Profit
Operating Expenses $168.6K $269.7K
YoY Change -37.49% 137.01%
Operating Profit
YoY Change
Interest Expense $29.68K $19.02K
YoY Change 56.07% 5994.87%
% of Operating Profit
Other Income/Expense, Net $97.47K $20.00K
YoY Change 387.36%
Pretax Income -$56.96K -$286.8K
YoY Change -80.14% 150.62%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$56.96K -$286.8K
YoY Change -80.14% 150.62%
Net Earnings / Revenue -401.49% -6373.64%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share $0.00 -$9.333M
COMMON SHARES
Basic Shares Outstanding 266.5K shares
Diluted Shares Outstanding 0.000 shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $90.00K
YoY Change -100.0%
Cash & Equivalents $258.00 $85.41K
Short-Term Investments
Other Short-Term Assets $140.0K
YoY Change
Inventory
Prepaid Expenses $140.0K
Receivables $13.88K
Other Receivables $0.00
Total Short-Term Assets $154.1K $85.41K
YoY Change 80.46% 3414.94%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $130.8K $4.587K
YoY Change 2751.91%
TOTAL ASSETS
Total Short-Term Assets $154.1K $85.41K
Total Long-Term Assets $130.8K $4.587K
Total Assets $280.0K $90.00K
YoY Change 211.11% 3603.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0K $520.0K
YoY Change -32.69% 36.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $590.0K $380.0K
YoY Change 55.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.920M $1.280M
YoY Change 50.0% 153.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.920M $1.280M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.921M $1.280M
YoY Change 50.07% 153.36%
SHAREHOLDERS EQUITY
Retained Earnings -$6.059M
YoY Change
Common Stock $2.627M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.640M -$1.190M
YoY Change
Total Liabilities & Shareholders Equity $285.0K $90.00K
YoY Change 216.62%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$56.96K -$286.8K
YoY Change -80.14% 150.62%
Depreciation, Depletion And Amortization $10.00K
YoY Change
Cash From Operating Activities -$70.00K -$140.0K
YoY Change -50.0% 250.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 80.00K 30.00K
YoY Change 166.67% -25.0%
NET CHANGE
Cash From Operating Activities -70.00K -140.0K
Cash From Investing Activities
Cash From Financing Activities 80.00K 30.00K
Net Change In Cash 10.00K -110.0K
YoY Change -109.09%
FREE CASH FLOW
Cash From Operating Activities -$70.00K -$140.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Management Fee Expense
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us-gaap Professional Fees
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us-gaap Other General Expense
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us-gaap Travel And Entertainment Expense
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Income Taxes Paid Net
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us-gaap Amortization Of Intangible Assets
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dei Entity Incorporation Date Of Incorporation
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2013-07-02
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> Reclassification of comparative figures</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Certain of the prior period figures have been reclassified to align with Management&#8217;s current view of the Company&#8217;s operations.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The preparation of the unaudited condensed interim financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates may include those pertaining to accruals. Actual results could materially differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q4 us-gaap Commitments And Contingencies
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USD
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400791 USD
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us-gaap Finite Lived Intangible Asset Useful Life
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CY2017Q2 us-gaap Commitments And Contingencies
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USD
chzp Net Gain On Settlement Of Liability
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226306 USD
chzp Net Gain On Settlement Of Liability
NetGainOnSettlementOfLiability
0 USD

Files In Submission

Name View Source Status
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