Can B Corp (CANB) Financial Statements (2023 and earlier)

Company Profile

Business Address 960 SOUTH BROADWAY, SUITE 120
HICKSVILLE, NY 11801
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7344945847808230
Cash and cash equivalents7344945847808230
Receivables6,5863,6502,0061,2763975 
Inventory, net of allowances, customer advances and progress billings2,0242,5533457848710 
Inventory2,0242,5533457848710 
Prepaid expense  1,2091,280210  
Other undisclosed current assets212   7116
Total current assets:8,7046,6544,0183,3871,14415746
Noncurrent Assets
Operating lease, right-of-use asset1,1372,220 97
Property, plant and equipment5,4327,0539951,0756052 
Long-term investments and receivables    1939 
Accounts and financing receivable, after allowance for credit loss    1939 
Intangible assets, net (including goodwill)107369 1,112561025
Goodwill   5656  
Intangible assets, net (excluding goodwill)107369 1,057 1025
Prepaid expense   1,1802,366  
Deposits noncurrent assets166166 2149  
Other noncurrent assets1313679    
Other undisclosed noncurrent assets   58(0)(39)65
Total noncurrent assets:6,8559,8211,6743,5442,5496291
TOTAL ASSETS:15,56016,4755,6916,9313,694219137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3223,571354432186  
Employee-related liabilities 14714469  
Accounts payable3,1401,16315422673  
Accrued liabilities1822,408536244  
Debt7,9514,8661,82838   
Derivative instruments and hedges, liabilities203      
Due to related parties295218     
Other undisclosed current liabilities6528084435 1,949652
Total current liabilities:12,4249,4632,2255061861,949652
Noncurrent Liabilities
Long-term debt and lease obligation 1,39221059   
Long-term debt, excluding current maturities  195    
Liabilities, other than long-term debt438      
Operating lease, liability4381,3921559
Other undisclosed noncurrent liabilities (1,392)(15)    
Total noncurrent liabilities:4381,39221059   
Other undisclosed liabilities    19  
Total liabilities:12,86210,8552,4365652051,949652
Equity
Equity, attributable to parent, including:2,6985,6203,2566,3663,489(1,730)(515)
Preferred stock     244104
Common stock79,61549,67726,11223,11316,62512,52411,890
Treasury stock, value(573)(573)(573)    
Additional paid in capital8,0075,635873873873150 
Accumulated deficit(92,691)(77,767)(30,386)(23,361)(18,769)(14,647)(12,508)
Other undisclosed equity, attributable to parent8,34028,6477,2305,7414,7600 
Total equity:2,6985,6203,2566,3663,489(1,730)(515)
TOTAL LIABILITIES AND EQUITY:15,56016,4755,6916,9313,694219137

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6,6864,6041,7102,30666912395
Revenue, net123 
Loss on disposition of assets for financial service operations  (374)  
Cost of revenue
(Cost of Goods and Services Sold)
(4,071)(1,612)(278)(599)(406)(44) 
Gross profit:2,6142,9921,4321,7072637895
Operating expenses(16,783)(13,258)(5,806)(6,291)(3,679)(836)(507)
Other operating income, net     13463
Operating loss:(14,168)(10,266)(4,374)(4,584)(3,416)(623)(349)
Nonoperating income (expense)(755)(1,902)(1,339)(6)1031
Investment income, nonoperating  (40)31031
Interest and debt expense(902)(2,102)(932)(9)(264)27956
Loss from continuing operations before equity method investments, income taxes:(15,826)(14,271)(6,645)(4,599)(3,669)(341)(291)
Other undisclosed income (loss) from continuing operations before income taxes9022,1029329(443)  
Loss from continuing operations before income taxes:(14,923)(12,168)(5,713)(4,590)(4,112)(341)(291)
Income tax expense (benefit)(1)(1)(3)(2) 749233
Income (loss) from continuing operations:(14,924)(12,169)(5,717)(4,592)(4,112)408(59)
Income (loss) before gain (loss) on sale of properties:(12,169)(5,717)(4,592)(4,112)408(59)
Net income (loss):(14,924)(12,169)(5,717)(4,592)(4,112)408(59)
Other undisclosed net loss attributable to parent     (2,547)(606)
Net loss available to common stockholders, diluted:(14,924)(12,169)(5,717)(4,592)(4,112)(2,140)(665)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(14,924)(12,169)(5,717)(4,592)(4,112)408(59)
Other comprehensive loss   (4,592)(4,112)(2,140) 
Comprehensive loss, net of tax, attributable to parent:(14,924)(12,169)(5,717)(9,185)(8,225)(1,732)(59)

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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