Can B Corp (CANB) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1911,0931,6774584639052
Cash and cash equivalents1911,0931,6774584639052
Receivables3,1322,1632,0322,0061,7631,5211,568
Inventory, net of allowances, customer advances and progress billings861320332345914374369
Inventory861320332345914374369
Prepaid expense3246339341,2091,2471,2601,261
Deposits current assets     313246
Other undisclosed current assets67238     
Total current assets:5,1804,2464,9754,0183,9693,8573,497
Noncurrent Assets
Operating lease, right-of-use asset  48  7888
Property, plant and equipment7,3391,0899639951,0261,0311,058
Long-term investments and receivables     550593
Long-term investments     550593
Intangible assets, net (including goodwill)759791850  1,036982
Goodwill565656  5656
Intangible assets, net (excluding goodwill)703735794  981927
Prepaid expense     592882
Deposits noncurrent assets232323  2121
Other noncurrent assets1313136791,279  
Other undisclosed noncurrent assets1,299    2418
Total noncurrent assets:9,4321,9161,8981,6742,3053,3323,642
TOTAL ASSETS:14,6126,1626,8725,6916,2747,1897,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,566542353354818647771
Accounts payable658384195154448377507
Accrued liabilities1,90815815853912924
Employee-related liabilities   147279240240
Debt4,1482,6261,5921,8281,226  
Due to related parties320      
Other undisclosed current liabilities812384544421,205659
Total current liabilities:7,8463,2061,9902,2252,0861,8521,430
Noncurrent Liabilities
Long-term debt and lease obligation1,161 1992103823849
Long-term debt, excluding current maturities  195195355  
Operating lease, liability1,161 415273849
Other undisclosed noncurrent liabilities(1,161) (4) (27)317(49)
Total noncurrent liabilities:1,161 19921038239349
Total liabilities:9,0073,2062,1892,4362,4682,2441,479
Stockholders' equity
Stockholders' equity attributable to parent, including:5,6062,9574,6843,2563,8064,9445,660
Common stock35,95230,07029,72026,11224,71124,05623,541
Treasury stock, value(573)(573)(573)(573)(560)  
Additional paid in capital3,2253,2252,563873873873873
Accumulated deficit(38,539)(35,306)(32,566)(30,386)(26,959)(25,726)(24,495)
Other undisclosed stockholders' equity attributable to parent5,5395,5395,5397,2305,7415,7415,741
Total stockholders' equity:5,6062,9574,6843,2563,8064,9445,660
TOTAL LIABILITIES AND EQUITY:14,6126,1626,8725,6916,2747,1897,139

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues1,910402307475459205570
Cost of revenue
(Cost of Goods and Services Sold)
(541)(259)(77)(38)(70)(48)(122)
Gross profit:1,369143230437389157448
Operating expenses(3,894)(2,729)(2,023)(1,808)(1,162)(1,277)(1,560)
Operating loss:(2,524)(2,586)(1,793)(1,370)(773)(1,119)(1,112)
Nonoperating expense(709)(153)(387)(748)(459)(69)(21)
Interest and debt expense(708)197(393)(380)(469)(69)(14)
Loss from continuing operations before equity method investments, income taxes:(3,941)(2,542)(2,573)(2,498)(1,700)(1,257)(1,147)
Other undisclosed income (loss) from continuing operations before income taxes708(197)3933804696914
Loss from continuing operations before income taxes:(3,233)(2,739)(2,180)(2,118)(1,231)(1,188)(1,133)
Income tax expense (benefit)0(1)(0)(0)(2)(0)(1)
Net loss available to common stockholders, diluted:(3,233)(2,740)(2,180)(2,118)(1,233)(1,188)(1,134)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net loss:(3,233)(2,740)(2,180)(2,118)(1,233)(1,188)(1,134)
Other comprehensive loss      (1,134)
Comprehensive loss:(3,233)(2,740)(2,180)(2,118)(1,233)(1,188)(2,268)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (43) 
Comprehensive loss, net of tax, attributable to parent:(3,233)(2,740)(2,180)(2,118)(1,233)(1,231)(2,268)

Statements sources

The financial statements are based on the company's filings with the 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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