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 investments | 191 | 1,093 | 1,677 | 458 | 46 | 390 | 52 | ||
| Cash and cash equivalents | 191 | 1,093 | 1,677 | 458 | 46 | 390 | 52 | ||
| Receivables | 3,132 | 2,163 | 2,032 | 2,006 | 1,763 | 1,521 | 1,568 | ||
| Inventory, net of allowances, customer advances and progress billings | 861 | 320 | 332 | 345 | 914 | 374 | 369 | ||
| Inventory | 861 | 320 | 332 | 345 | 914 | 374 | 369 | ||
| Prepaid expense | 324 | 633 | 934 | 1,209 | 1,247 | 1,260 | 1,261 | ||
| Deposits current assets | 313 | 246 | |||||||
| Other undisclosed current assets | 672 | 38 | |||||||
| Total current assets: | 5,180 | 4,246 | 4,975 | 4,018 | 3,969 | 3,857 | 3,497 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 48 | 78 | 88 | ||||||
| Property, plant and equipment | 7,339 | 1,089 | 963 | 995 | 1,026 | 1,031 | 1,058 | ||
| Long-term investments and receivables | 550 | 593 | |||||||
| Long-term investments | 550 | 593 | |||||||
| Intangible assets, net (including goodwill) | 759 | 791 | 850 | 1,036 | 982 | ||||
| Goodwill | 56 | 56 | 56 | 56 | 56 | ||||
| Intangible assets, net (excluding goodwill) | 703 | 735 | 794 | 981 | 927 | ||||
| Prepaid expense | 592 | 882 | |||||||
| Deposits noncurrent assets | 23 | 23 | 23 | 21 | 21 | ||||
| Other noncurrent assets | 13 | 13 | 13 | 679 | 1,279 | ||||
| Other undisclosed noncurrent assets | 1,299 | 24 | 18 | ||||||
| Total noncurrent assets: | 9,432 | 1,916 | 1,898 | 1,674 | 2,305 | 3,332 | 3,642 | ||
| TOTAL ASSETS: | 14,612 | 6,162 | 6,872 | 5,691 | 6,274 | 7,189 | 7,139 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,566 | 542 | 353 | 354 | 818 | 647 | 771 | ||
| Accounts payable | 658 | 384 | 195 | 154 | 448 | 377 | 507 | ||
| Accrued liabilities | 1,908 | 158 | 158 | 53 | 91 | 29 | 24 | ||
| Employee-related liabilities | 147 | 279 | 240 | 240 | |||||
| Debt | 4,148 | 2,626 | 1,592 | 1,828 | 1,226 | ||||
| Due to related parties | 320 | ||||||||
| Other undisclosed current liabilities | 812 | 38 | 45 | 44 | 42 | 1,205 | 659 | ||
| Total current liabilities: | 7,846 | 3,206 | 1,990 | 2,225 | 2,086 | 1,852 | 1,430 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,161 | 199 | 210 | 382 | 38 | 49 | |||
| Long-term debt, excluding current maturities | 195 | 195 | 355 | ||||||
| Operating lease, liability | 1,161 | 4 | 15 | 27 | 38 | 49 | |||
| Other undisclosed noncurrent liabilities | (1,161) | (4) | (27) | 317 | (49) | ||||
| Total noncurrent liabilities: | 1,161 | 199 | 210 | 382 | 393 | 49 | |||
| Total liabilities: | 9,007 | 3,206 | 2,189 | 2,436 | 2,468 | 2,244 | 1,479 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 5,606 | 2,957 | 4,684 | 3,256 | 3,806 | 4,944 | 5,660 | ||
| Common stock | 35,952 | 30,070 | 29,720 | 26,112 | 24,711 | 24,056 | 23,541 | ||
| Treasury stock, value | (573) | (573) | (573) | (573) | (560) | ||||
| Additional paid in capital | 3,225 | 3,225 | 2,563 | 873 | 873 | 873 | 873 | ||
| Accumulated deficit | (38,539) | (35,306) | (32,566) | (30,386) | (26,959) | (25,726) | (24,495) | ||
| Other undisclosed stockholders' equity attributable to parent | 5,539 | 5,539 | 5,539 | 7,230 | 5,741 | 5,741 | 5,741 | ||
| Total stockholders' equity: | 5,606 | 2,957 | 4,684 | 3,256 | 3,806 | 4,944 | 5,660 | ||
| TOTAL LIABILITIES AND EQUITY: | 14,612 | 6,162 | 6,872 | 5,691 | 6,274 | 7,189 | 7,139 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,910 | 402 | 307 | 475 | 459 | 205 | 570 | |
| Cost of revenue (Cost of Goods and Services Sold) | (541) | (259) | (77) | (38) | (70) | (48) | (122) | |
| Gross profit: | 1,369 | 143 | 230 | 437 | 389 | 157 | 448 | |
| 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 taxes | 708 | (197) | 393 | 380 | 469 | 69 | 14 | |
| 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.