Can B Corp (CANB) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments347344945847808
Cash and cash equivalent347344945847808
Receivables3,7236,5863,6502,0061,27639
Inventory, net of allowances, customer advances and progress billings1,6202,0242,55334578487
Inventory1,6202,0242,55334578487
Prepaid expense    1,2091,280210
Other undisclosed current assets4212   
Total current assets:5,3818,7046,6544,0183,3871,144
Noncurrent Assets
Operating lease, right-of-use asset 2951,1372,220 97
Property, plant and equipment 4,1065,4327,0539951,07560
Long-term investments and receivables      19
Accounts and financing receivable, after allowance for credit loss      19
Intangible assets, net (including goodwill) 95107369 1,11256
Goodwill     5656
Intangible assets, net (excluding goodwill) 95107369 1,057 
Prepaid expense     1,1802,366
Deposits noncurrent assets235166166 2149
Other noncurrent assets131313679  
Other undisclosed noncurrent assets     58(0)
Total noncurrent assets:4,7456,8559,8211,6743,5442,549
TOTAL ASSETS:10,12615,56016,4755,6916,9313,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9453,3223,571354432186
Employee-related liabilities 14714469
Accounts payable1,9453,1401,16315422673
Accrued liabilities  1822,408536244
Debt8,5697,9514,8661,82838 
Derivative instruments and hedges, liabilities 2203    
Other liabilities      
Due to related parties295218   
Other undisclosed current liabilities 6126528084435 
Total current liabilities:11,12812,4249,4632,225506186
Noncurrent Liabilities
Long-term debt and lease obligation   1,39221059 
Long-term debt, excluding current maturities    195  
Liabilities, other than long-term debt  438    
Operating lease, liability  4381,3921559
Other undisclosed noncurrent liabilities   (1,392)(15)  
Total noncurrent liabilities:  4381,39221059 
Other undisclosed liabilities      19
Total liabilities:11,12812,86210,8552,436565205
Equity
Equity, attributable to parent, including:(1,002)2,6985,6203,2566,3663,489
Common stock83,26379,61549,67726,11223,11316,625
Treasury stock, value(573)(573)(573)(573)  
Additional paid in capital10,3968,0075,635873873873
Accumulated deficit(102,428)(92,691)(77,767)(30,386)(23,361)(18,769)
Other undisclosed equity, attributable to parent8,3408,34028,6477,2305,7414,760
Total equity:(1,002)2,6985,6203,2566,3663,489
TOTAL LIABILITIES AND EQUITY:10,12615,56016,4755,6916,9313,694

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,1566,6864,6041,7102,306669
Loss on disposition of assets for financial service operations    (374)  
Cost of revenue
(Cost of Product and Service Sold)
(1,797)(4,071)(1,612)(278)(599)(406)
Other undisclosed gross profit0     
Gross profit:3592,6142,9921,4321,707263
Operating expenses(7,845)(16,783)(13,258)(5,806)(6,291)(3,679)
Operating loss:(7,486)(14,168)(10,266)(4,374)(4,584)(3,416)
Nonoperating income (expense)(2,241)(755)(1,902)(1,339)(6)10
Investment income, nonoperating    (40)310
Interest and debt expense(2,511)(902)(2,102)(932)(9)(264)
Loss from continuing operations before equity method investments, income taxes:(12,239)(15,826)(14,271)(6,645)(4,599)(3,669)
Other undisclosed income (loss) from continuing operations before income taxes2,5119022,1029329(443)
Loss from continuing operations before income taxes:(9,728)(14,923)(12,168)(5,713)(4,590)(4,112)
Income tax expense (10)(1)(1)(3)(2) 
Loss from continuing operations:(9,737)(14,924)(12,169)(5,717)(4,592)(4,112)
Loss before gain (loss) on sale of properties:(12,169)(5,717)(4,592)(4,112)
Net loss available to common stockholders, diluted:(9,737)(14,924)(12,169)(5,717)(4,592)(4,112)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(9,737)(14,924)(12,169)(5,717)(4,592)(4,112)
Other comprehensive loss     (4,592)(4,112)
Comprehensive loss, net of tax, attributable to parent:(9,737)(14,924)(12,169)(5,717)(9,185)(8,225)

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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