2023 Q3 Form 10-K Financial Statement

#000149315223034632 Filed on September 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $401.0K $203.9K $1.529M
YoY Change -14.96% -58.46% -11.88%
% of Gross Profit
Research & Development $16.24K $5.700K $247.9K
YoY Change -83.97% -94.74% -3.18%
% of Gross Profit
Depreciation & Amortization $134.00 $320.00 $1.665K
YoY Change -71.67% -34.69% -16.46%
% of Gross Profit
Operating Expenses $417.2K $209.6K $1.777M
YoY Change -27.17% -65.02% -10.76%
Operating Profit -$417.2K -$1.777M
YoY Change -27.17% -10.76%
Interest Expense $178.2K -$531.0K $532.8K
YoY Change 9.51% 84.51% -6.33%
% of Operating Profit
Other Income/Expense, Net $66.35K -$1.014M
YoY Change -249.23% 40.37%
Pretax Income -$350.9K -$746.9K -$2.790M
YoY Change -43.16% -17.43% 2.85%
Income Tax $1.200K -$129.8K
% Of Pretax Income
Net Earnings -$350.9K -$805.8K -$2.661M
YoY Change -43.16% -10.94% 0.09%
Net Earnings / Revenue
Basic Earnings Per Share -$0.04 -$1.80
Diluted Earnings Per Share -$0.04 -$0.22 -$1.80
COMMON SHARES
Basic Shares Outstanding 14.83M shares 3.288B shares 1.739M shares
Diluted Shares Outstanding 10.99M shares 1.739M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.630K $10.05K $10.05K
YoY Change -65.82% 146.93% 146.93%
Cash & Equivalents $6.625K $10.05K
Short-Term Investments
Other Short-Term Assets $136.6K $6.130K $6.130K
YoY Change 765.88% -28.89% -28.89%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $145.8K $19.04K $19.04K
YoY Change 285.09% 26.67% 26.68%
LONG-TERM ASSETS
Property, Plant & Equipment $160.00 $302.00 $39.29K
YoY Change -88.87% -85.07% -39.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.930K $2.000K $2.000K
YoY Change 0.0% -3.85% -3.85%
Total Long-Term Assets $34.57K $41.29K $41.29K
YoY Change -38.7% -38.02% -38.02%
TOTAL ASSETS
Total Short-Term Assets $145.8K $19.04K $19.04K
Total Long-Term Assets $34.57K $41.29K $41.29K
Total Assets $180.4K $60.33K $60.33K
YoY Change 91.37% -26.11% -26.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.081M $966.7K $1.011M
YoY Change 20.25% 2.51% 7.25%
Accrued Expenses $1.215M $1.189M $1.189M
YoY Change 41.22% 31.72% 31.72%
Deferred Revenue
YoY Change
Short-Term Debt $636.3K $505.1K $505.1K
YoY Change -33.81% -51.22% -51.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.133M $3.158M $3.158M
YoY Change 11.01% 3.11% 3.11%
LONG-TERM LIABILITIES
Long-Term Debt $23.37K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.15K $19.28K $19.28K
YoY Change -66.59% -54.44% -54.44%
Total Long-Term Liabilities $36.52K $19.28K $19.28K
YoY Change -7.23% -54.45% -54.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.133M $3.158M $3.158M
Total Long-Term Liabilities $36.52K $19.28K $19.28K
Total Liabilities $3.170M $3.178M $3.178M
YoY Change 10.76% 2.33% 2.33%
SHAREHOLDERS EQUITY
Retained Earnings -$65.18M -$64.68M
YoY Change 4.18% 5.08%
Common Stock $14.83K $6.031K
YoY Change -97.81% -97.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.48K $46.48K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$2.989M -$3.117M -$3.117M
YoY Change
Total Liabilities & Shareholders Equity $180.4K $60.33K $60.33K
YoY Change 91.37% -26.11% -26.11%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$350.9K -$805.8K -$2.661M
YoY Change -43.16% -10.94% 0.09%
Depreciation, Depletion And Amortization $134.00 $320.00 $1.665K
YoY Change -71.67% -34.69% -16.46%
Cash From Operating Activities -$333.5K -$178.0K -$1.105M
YoY Change -34.53% -56.7% -23.05%
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 $24.71K
YoY Change -75.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $350.3K 100.0K $1.114M
YoY Change -29.11% -73.28% -25.29%
NET CHANGE
Cash From Operating Activities -$333.5K -178.0K -$1.105M
Cash From Investing Activities
Cash From Financing Activities $350.3K 100.0K $1.114M
Net Change In Cash -$3.422K -77.97K $5.980K
YoY Change -122.32% 112.45% 230.02%
FREE CASH FLOW
Cash From Operating Activities -$333.5K -$178.0K -$1.105M
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_845_eus-gaap--UseOfEstimates_zAoZeeJzCZmd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_865_zUSUJ73ZLZK">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying consolidated financial statements include the estimates of useful lives for depreciation, valuation of the operating lease liability and related right-of-use asset, valuation of derivatives, allowance for uncollectable receivables, valuation of equity based instruments issued for other than cash, the valuation allowance on deferred tax assets and foreign currency translation due to certain average exchange rates applied in lieu of spot rates on transaction dates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PROPANC BIOPHARMA, INC. AND SUBSIDIARY</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June 30, 2023 and 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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Files In Submission

Name View Source Status
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