Can B Corp (CANB) Financial Statements (2024 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)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 73 | 449 | 458 | 47 | 808 | 2 | |||
| Cash and cash equivalents | 73 | 449 | 458 | 47 | 808 | 2 | |||
| Receivables | 6,586 | 3,650 | 2,006 | 1,276 | 39 | 75 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,024 | 2,553 | 345 | 784 | 87 | 10 | |||
| Inventory | 2,024 | 2,553 | 345 | 784 | 87 | 10 | |||
| Prepaid expense | 1,209 | 1,280 | 210 | ||||||
| Other undisclosed current assets | 21 | 2 | 71 | ||||||
| Total current assets: | 8,704 | 6,654 | 4,018 | 3,387 | 1,144 | 157 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,137 | 2,220 | 97 | ✕ | ✕ | ||||
| Property, plant and equipment | 5,432 | 7,053 | 995 | 1,075 | 60 | 52 | |||
| Long-term investments and receivables | 19 | 39 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 19 | 39 | |||||||
| Intangible assets, net (including goodwill) | 107 | 369 | 1,112 | 56 | 10 | ||||
| Goodwill | 56 | 56 | |||||||
| Intangible assets, net (excluding goodwill) | 107 | 369 | 1,057 | 10 | |||||
| Prepaid expense | 1,180 | 2,366 | |||||||
| Deposits noncurrent assets | 166 | 166 | 21 | 49 | |||||
| Other noncurrent assets | 13 | 13 | 679 | ||||||
| Other undisclosed noncurrent assets | 58 | (0) | (39) | ||||||
| Total noncurrent assets: | 6,855 | 9,821 | 1,674 | 3,544 | 2,549 | 62 | |||
| TOTAL ASSETS: | 15,560 | 16,475 | 5,691 | 6,931 | 3,694 | 219 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,322 | 3,571 | 354 | 432 | 186 | ||||
| Employee-related liabilities | ✕ | ✕ | 147 | 144 | 69 | ||||
| Accounts payable | 3,140 | 1,163 | 154 | 226 | 73 | ||||
| Accrued liabilities | 182 | 2,408 | 53 | 62 | 44 | ||||
| Other undisclosed accounts payable and accrued liabilities | |||||||||
| Debt | 7,951 | 4,866 | 1,828 | 38 | |||||
| Derivative instruments and hedges, liabilities | 203 | ||||||||
| Due to related parties | ✕ | 295 | 218 | ||||||
| Other undisclosed current liabilities | 652 | 808 | 44 | 35 | 1,949 | ||||
| Total current liabilities: | 12,424 | 9,463 | 2,225 | 506 | 186 | 1,949 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,392 | 210 | 59 | ||||||
| Long-term debt, excluding current maturities | 195 | ||||||||
| Liabilities, other than long-term debt | 438 | ||||||||
| Operating lease, liability | 438 | 1,392 | 15 | 59 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (1,392) | (15) | |||||||
| Total noncurrent liabilities: | 438 | 1,392 | 210 | 59 | |||||
| Other undisclosed liabilities | 19 | ||||||||
| Total liabilities: | 12,862 | 10,855 | 2,436 | 565 | 205 | 1,949 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,698 | 5,620 | 3,256 | 6,366 | 3,489 | (1,730) | |||
| Preferred stock | 244 | ||||||||
| Common stock | 79,615 | 49,677 | 26,112 | 23,113 | 16,625 | 12,524 | |||
| Treasury stock, value | (573) | (573) | (573) | ||||||
| Additional paid in capital | 8,007 | 5,635 | 873 | 873 | 873 | 150 | |||
| Accumulated deficit | (92,691) | (77,767) | (30,386) | (23,361) | (18,769) | (14,647) | |||
| Other undisclosed equity, attributable to parent | 8,340 | 28,647 | 7,230 | 5,741 | 4,760 | 0 | |||
| Total equity: | 2,698 | 5,620 | 3,256 | 6,366 | 3,489 | (1,730) | |||
| TOTAL LIABILITIES AND EQUITY: | 15,560 | 16,475 | 5,691 | 6,931 | 3,694 | 219 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,686 | 4,604 | 1,710 | 2,306 | 669 | 123 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 123 | |
| 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) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 2,614 | 2,992 | 1,432 | 1,707 | 263 | 78 | ||
| Operating expenses | (16,783) | (13,258) | (5,806) | (6,291) | (3,679) | (836) | ||
| Other operating income, net | 134 | |||||||
| Other undisclosed operating income | ||||||||
| Operating loss: | (14,168) | (10,266) | (4,374) | (4,584) | (3,416) | (623) | ||
| Nonoperating income (expense) | (755) | (1,902) | (1,339) | (6) | 10 | 3 | ||
| Investment income, nonoperating | (40) | 3 | 10 | 3 | ||||
| Interest and debt expense | (902) | (2,102) | (932) | (9) | (264) | 279 | ||
| Loss from continuing operations before equity method investments, income taxes: | (15,826) | (14,271) | (6,645) | (4,599) | (3,669) | (341) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 902 | 2,102 | 932 | 9 | (443) | |||
| Loss from continuing operations before income taxes: | (14,923) | (12,168) | (5,713) | (4,590) | (4,112) | (341) | ||
| Income tax expense (benefit) | (1) | (1) | (3) | (2) | 749 | |||
| Other undisclosed loss from continuing operations | ||||||||
| Income (loss) from continuing operations: | (14,924) | (12,169) | (5,717) | (4,592) | (4,112) | 408 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (12,169) | (5,717) | (4,592) | (4,112) | 408 | |
| Net income (loss): | (14,924) | (12,169) | (5,717) | (4,592) | (4,112) | 408 | ||
| Other undisclosed net loss attributable to parent | (2,547) | |||||||
| Net loss available to common stockholders, diluted: | (14,924) | (12,169) | (5,717) | (4,592) | (4,112) | (2,140) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14,924) | (12,169) | (5,717) | (4,592) | (4,112) | 408 | ||
| 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) | ||
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.