$CBDY
Target Group Inc.

2017 Q3 Form 10-Q Financial Statement

#000114420417056264 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $188.00 $0.00 $519.00
YoY Change -63.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $120.0K $150.0K $130.0K
YoY Change -7.69% 50.0% 30.0%
% of Gross Profit
Research & Development $13.69K $40.00K $35.65K
YoY Change -61.59% -77.78% 124.22%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $291.4K $110.0K $885.9K
YoY Change -67.11% -95.26% 327.7%
Operating Profit
YoY Change
Interest Expense $22.59K $0.00 $25.17K
YoY Change -10.23% 6738.86%
% of Operating Profit
Other Income/Expense, Net -$158.4K -$80.00K $710.0K
YoY Change -122.32%
Pretax Income -$449.6K -$100.0K -$1.536M
YoY Change -70.72% -95.69% 640.06%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$449.6K -$100.0K -$1.536M
YoY Change -70.72% -95.69% 640.06%
Net Earnings / Revenue -239159.04% -295884.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$292.2K -$2.500M -$51.33M
COMMON SHARES
Basic Shares Outstanding 22.60M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $20.00K $20.00K
YoY Change -100.0%
Cash & Equivalents $302.00 $16.26K $23.42K
Short-Term Investments
Other Short-Term Assets $0.00 $140.0K
YoY Change
Inventory
Prepaid Expenses $140.0K
Receivables $13.88K $0.00 $519.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.18K $156.3K $23.94K
YoY Change -40.75% 18547.02%
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 $125.8K $137.6K -$3.941K
YoY Change -3292.49%
TOTAL ASSETS
Total Short-Term Assets $14.18K $156.3K $23.94K
Total Long-Term Assets $125.8K $137.6K -$3.941K
Total Assets $140.0K $293.9K $20.00K
YoY Change 600.0% 34968.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $150.0K $510.0K $470.0K
YoY Change -68.09% 27.5% -16.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $550.0K $700.0K $440.0K
YoY Change 25.0% 5500.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.900M $2.114M $1.740M
YoY Change 9.2% 94.11% 145.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.900M $2.114M $1.740M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.900M $2.114M $1.740M
YoY Change 9.2% 94.11% 145.07%
SHAREHOLDERS EQUITY
Retained Earnings -$5.452M
YoY Change 75.46%
Common Stock $3.565K
YoY Change -99.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.750M -$1.820M -$1.720M
YoY Change
Total Liabilities & Shareholders Equity $140.0K $293.9K $20.00K
YoY Change 600.0% 34968.38%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$449.6K -$100.0K -$1.536M
YoY Change -70.72% -95.69% 640.06%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$70.00K -$10.00K -$160.0K
YoY Change -56.25% -83.33% 433.33%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$140.0K
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 60.00K 130.0K 100.0K
YoY Change -40.0% 116.67% 233.33%
NET CHANGE
Cash From Operating Activities -70.00K -10.00K -160.0K
Cash From Investing Activities -140.0K
Cash From Financing Activities 60.00K 130.0K 100.0K
Net Change In Cash -10.00K -20.00K -60.00K
YoY Change -83.33%
FREE CASH FLOW
Cash From Operating Activities -$70.00K -$10.00K -$160.0K
Capital Expenditures -$140.0K
Free Cash Flow $130.0K
YoY Change -316.67%

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dei Entity Incorporation Date Of Incorporation
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us-gaap Prior Period Reclassification Adjustment Description
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<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
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<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>
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Files In Submission

Name View Source Status
0001144204-17-056264-index-headers.html Edgar Link pending
0001144204-17-056264-index.html Edgar Link pending
0001144204-17-056264.txt Edgar Link pending
0001144204-17-056264-xbrl.zip Edgar Link pending
chzp-20170930.xml Edgar Link completed
chzp-20170930.xsd Edgar Link pending
chzp-20170930_cal.xml Edgar Link unprocessable
chzp-20170930_def.xml Edgar Link unprocessable
chzp-20170930_lab.xml Edgar Link unprocessable
chzp-20170930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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