2022 Q3 Form 10-Q Financial Statement

#000168316822004948 Filed on July 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $314.8K $386.0K $399.7K
YoY Change 151.16% 207.75% 13.58%
% of Gross Profit
Research & Development $163.6K $249.1K $330.6K
YoY Change -65.27% -54.79%
% of Gross Profit
Depreciation & Amortization $47.29K $48.83K $50.59K
YoY Change -7.24% -12.71% -10.46%
% of Gross Profit
Operating Expenses $478.4K $635.0K $730.3K
YoY Change -19.78% -6.1% 9.34%
Operating Profit -$635.0K -$730.3K
YoY Change -6.1%
Interest Expense -$1.350K -$46.65K -$508.6K
YoY Change -98.41% -92.8% -482.1%
% of Operating Profit
Other Income/Expense, Net -$46.65K -$508.6K
YoY Change
Pretax Income -$479.7K -$681.7K -$1.239M
YoY Change -29.57% -48.51% 131.67%
Income Tax
% Of Pretax Income
Net Earnings -$479.7K -$681.7K -$1.239M
YoY Change -29.57% -48.51% 131.67%
Net Earnings / Revenue
Basic Earnings Per Share -$0.05 -$1.01
Diluted Earnings Per Share -$391.2K -$0.05 -$1.011M
COMMON SHARES
Basic Shares Outstanding 1.258M shares 1.239M shares 1.226M shares
Diluted Shares Outstanding 1.239M shares 1.226M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.5K $96.28K $231.6K
YoY Change -91.52% -95.11% -82.64%
Cash & Equivalents $117.5K $96.28K $231.6K
Short-Term Investments
Other Short-Term Assets $80.77K $137.8K $168.0K
YoY Change -60.48% -13.12% -1.54%
Inventory
Prepaid Expenses $80.77K $137.8K
Receivables
Other Receivables
Total Short-Term Assets $198.3K $234.1K $399.6K
YoY Change -87.54% -88.99% -73.45%
LONG-TERM ASSETS
Property, Plant & Equipment $436.8K $492.2K $541.0K
YoY Change -32.06% -29.07% -27.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $176.1K $239.5K $197.2K
YoY Change -79.17% -75.59% -92.73%
Other Assets
YoY Change
Total Long-Term Assets $612.9K $731.6K $738.2K
YoY Change -58.82% -56.32% -78.67%
TOTAL ASSETS
Total Short-Term Assets $198.3K $234.1K $399.6K
Total Long-Term Assets $612.9K $731.6K $738.2K
Total Assets $811.2K $965.7K $1.138M
YoY Change -73.65% -74.6% -77.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $461.1K $319.6K $237.2K
YoY Change 159.78% 65.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.759M $1.605M $1.325M
YoY Change 101.71% 52.39% 72.66%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.443M $2.148M $1.786M
YoY Change 91.94% 46.14% 50.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.443M $2.148M $1.786M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.443M $2.148M $1.786M
YoY Change 91.94% 46.14% 50.83%
SHAREHOLDERS EQUITY
Retained Earnings -$20.55M -$20.07M
YoY Change 22.13%
Common Stock $124.00 $124.00
YoY Change 1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.632M -$1.182M -$648.0K
YoY Change
Total Liabilities & Shareholders Equity $811.2K $965.7K $1.138M
YoY Change -73.65% -74.6% -77.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$479.7K -$681.7K -$1.239M
YoY Change -29.57% -48.51% 131.67%
Depreciation, Depletion And Amortization $47.29K $48.83K $50.59K
YoY Change -7.24% -12.71% -10.46%
Cash From Operating Activities -$149.5K -$375.4K -$554.8K
YoY Change -74.3% -39.08% -21.01%
INVESTING ACTIVITIES
Capital Expenditures -$1.150K $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $26.89K $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $25.74K $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 149.9K 240.0K 0.000
YoY Change -80.8% -100.0%
NET CHANGE
Cash From Operating Activities -149.5K -375.4K -554.8K
Cash From Investing Activities 25.74K 0.000 0.000
Cash From Financing Activities 149.9K 240.0K 0.000
Net Change In Cash 26.09K -135.4K -554.8K
YoY Change -104.48% -121.35% -148.22%
FREE CASH FLOW
Cash From Operating Activities -$149.5K -$375.4K -$554.8K
Capital Expenditures -$1.150K $0.00 $0.00
Free Cash Flow -$148.4K -$375.4K -$554.8K
YoY Change -74.5% -39.08% -21.01%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1290195 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1190680 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1386472 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
777611 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96277 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1986291 usd
CNBX Exercise Of Convertible Loan To Shares Of Common Stock.
ExerciseOfConvertibleLoanToSharesOfCommonStock.
225287 usd
CNBX Exercise Of Convertible Loan To Shares Of Common Stock.
ExerciseOfConvertibleLoanToSharesOfCommonStock.
1340103 usd
CY2020Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
20-for-1 reverse split
CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
one-for-one hundred twenty (1:120) reverse split
us-gaap Net Income Loss
NetIncomeLoss
-3243543 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-20069261 usd
us-gaap Salaries And Wages
SalariesAndWages
336137 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zK2uWo7P6Bn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Reclassifications</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders’ equity as previously reported.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Salaries And Wages
SalariesAndWages
264061 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
223645 usd
CY2021Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
223645 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
240000 usd
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
40000 usd
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
20027 shares
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
225228 usd

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