$CBDY
Target Group Inc.

2017 Form 10-K Financial Statement

#000114420418017620 Filed on March 28, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $15.43K $0.00 $5.918K
YoY Change 160.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $525.0K $150.0K $592.8K
YoY Change -11.43% 50.0% 38.43%
% of Gross Profit
Research & Development $87.31K $40.00K $114.0K
YoY Change -23.44% -77.78% 264.09%
% of Gross Profit
Depreciation & Amortization $13.25K
YoY Change
% of Gross Profit
Operating Expenses $924.7K $110.0K $1.672M
YoY Change -44.7% -95.26% -39.12%
Operating Profit
YoY Change
Interest Expense $104.4K $0.00 $65.01K
YoY Change 60.55% 4113.09%
% of Operating Profit
Other Income/Expense, Net -$833.4K -$80.00K
YoY Change
Pretax Income -$1.743M -$100.0K -$2.345M
YoY Change -25.67% -95.69% -14.69%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.743M -$100.0K -$2.345M
YoY Change -25.67% -95.69% -14.69%
Net Earnings / Revenue -11291.19% -39619.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$722.0K -$2.500M -$85.82M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.00 $20.00K $16.26K
YoY Change -99.63% 1835.71%
Cash & Equivalents $16.26K
Short-Term Investments
Other Short-Term Assets $0.00 $140.0K $140.0K
YoY Change -100.0%
Inventory
Prepaid Expenses $140.0K
Receivables $0.00
Other Receivables
Total Short-Term Assets $60.00 $156.3K $156.3K
YoY Change -99.96% 18547.02% 18502.38%
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 $0.00 $137.6K $137.6K
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $60.00 $156.3K $156.3K
Total Long-Term Assets $0.00 $137.6K $137.6K
Total Assets $60.00 $293.9K $293.9K
YoY Change -99.98% 34968.38% 34884.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.7K $510.0K $514.7K
YoY Change -75.97% 27.5% 28.68%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $572.7K $700.0K $701.5K
YoY Change -18.36% 5500.0% 5512.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.062M $2.114M $2.114M
YoY Change -2.43% 94.11% 94.11%
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 $2.062M $2.114M $2.114M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.062M $2.114M $2.114M
YoY Change -2.43% 94.11% 94.11%
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 -$2.062M -$1.820M -$1.820M
YoY Change
Total Liabilities & Shareholders Equity $60.00 $293.9K $293.9K
YoY Change -99.98% 34968.38% 34884.52%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$1.743M -$100.0K -$2.345M
YoY Change -25.67% -95.69% -14.69%
Depreciation, Depletion And Amortization $13.25K
YoY Change
Cash From Operating Activities -$262.1K -$10.00K -$421.0K
YoY Change -37.75% -83.33% 118.77%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$140.0K -$137.6K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$140.0K -$137.6K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 245.8K 130.0K $574.0K
YoY Change -57.17% 116.67% 198.67%
NET CHANGE
Cash From Operating Activities -262.1K -10.00K -$421.0K
Cash From Investing Activities 0.000 -140.0K -$137.6K
Cash From Financing Activities 245.8K 130.0K $574.0K
Net Change In Cash -16.21K -20.00K $15.42K
YoY Change -205.07% -6526.67%
FREE CASH FLOW
Cash From Operating Activities -$262.1K -$10.00K -$421.0K
Capital Expenditures $0.00 -$140.0K -$137.6K
Free Cash Flow -$262.1K $130.0K -$283.4K
YoY Change -7.53% -316.67% 47.26%

Facts In Submission

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AccountsReceivableNetCurrent
13882 USD
CY2017 chzp Deferred Tax Assets Cumulative Change Due To Reduced Rate
DeferredTaxAssetsCumulativeChangeDueToReducedRate
-156117 USD
CY2016 chzp Deferred Tax Assets Cumulative Change Due To Reduced Rate
DeferredTaxAssetsCumulativeChangeDueToReducedRate
0 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
261300 USD
CY2016 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
43481 USD
CY2017 chzp Notes Payable Current Transferred
NotesPayableCurrentTransferred
18000 USD
CY2017 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
465728 shares

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