GL BRANDS, INC. Financial Statements (2024 and earlier)

Company Profile

Business Address 3939 BELT LINE RD., SUITE 350
ADDISON, TX 75001
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2019
MRQ
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 336542219
Cash and cash equivalents 336542219
Receivables 170191 12 
Inventory, net of allowances, customer advances and progress billings 1,084202 2 
Inventory 1,084202 2  
Prepaid expense   2   
Other undisclosed current assets 73757963822 
Total current assets: 2,3271,026642759
Noncurrent Assets
Property, plant and equipment 2224,786    
Intangible assets, net (including goodwill) 15,6781,5931175
Goodwill 15,12870    
Intangible assets, net (excluding goodwill) 5501,5231175 
Other undisclosed noncurrent assets  99533844 
Total noncurrent assets: 15,8997,374349118 
TOTAL ASSETS: 18,2278,40099118149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 5,529558487723 
Accounts payable   16475 
Accrued liabilities   323018 
Other undisclosed accounts payable and accrued liabilities 5,529558    
Deferred revenue 1,699
Debt 1,646382345  
Derivative instruments and hedges, liabilities   53   
Due to related parties 370  4527 
Other undisclosed current liabilities 6 7110  
Total current liabilities: 9,24993917417650 
Noncurrent Liabilities
Long-term debt and lease obligation 874,442    
Long-term debt, excluding current maturities 874,442    
Liabilities, other than long-term debt   479126194 
Due to related parties   291126194 
Other liabilities   188   
Total noncurrent liabilities: 874,442479126194 
Other undisclosed liabilities  0    
Total liabilities: 9,3365,381653303245 
Commitments and contingencies   150   
Equity
Equity, attributable to parent, including: 8,8483,027188(284)(231)9
Preferred stock 1111  
Common stock 3111851119417497
Additional paid in capital 30,84212,3784,9973,801594 
Deferred compensation equity    (170)  
Accumulated other comprehensive income 184    
Accumulated deficit (22,323)(9,541)(4,921)(4,010)(999)(6)
Other undisclosed equity, attributable to parent    (0) (82)
Equity, attributable to noncontrolling interest 43(9)    
Total equity: 8,8913,018188(284)(231)9
Other undisclosed liabilities and equity  (0)    
TOTAL LIABILITIES AND EQUITY: 18,2278,40099118149

Income Statement (P&L) ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues 2,31941181711849326
Revenue from related parties  240
Cost of revenue (2,315)(311)(124)(132)(214)(376)
Cost of goods and services sold (21)(36)   (375)
Other undisclosed gross profit      47
Gross profit: 4100693(14)(165)(3)
Operating expenses (13,627)(3,524)(1,463)(2,703)(834)(37)
Other undisclosed operating income 2,315311 0  
Operating loss: (11,308)(3,113)(770)(2,717)(999)(40)
Nonoperating expense (1,474)(1,507)(79)(290)  
Debt instrument, convertible, beneficial conversion feature  (45)(79)(290)  
Interest and debt expense 100(1,064)(47)(4)  
Loss from continuing operations before income taxes: (12,682)(5,684)(896)(3,011)(999)(40)
Other undisclosed income (loss) from continuing operations (100)1,064    
Loss from continuing operations: (12,782)(4,620)(896)(3,011)(999)(40)
Loss before gain (loss) on sale of properties: (12,782)(4,620)(896)(3,011)(999)(40)
Other undisclosed net income 510    
Net loss: (12,731)(4,620)(896)(3,011)(999)(40)
Net income (loss) attributable to noncontrolling interest 51(9)    
Other undisclosed net income (loss) attributable to parent (103) (15) 0 
Net loss attributable to parent: (12,782)(4,629)(911)(3,011)(999)(40)
Other undisclosed net income (loss) available to common stockholders, basic 51(0)    
Net loss available to common stockholders, diluted: (12,731)(4,629)(911)(3,011)(999)(40)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net loss: (12,731)(4,620)(896)(3,011)(999)(40)
Comprehensive loss: (12,731)(4,620)(896)(3,011)(999)(40)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 51(9)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (38)4    
Comprehensive loss, net of tax, attributable to parent: (12,717)(4,625)(896)(3,011)(999)(40)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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