Target Group Inc. (CBDY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
55 ADMINISTRATION ROAD, UNIT 13 VAUGHAN, ON L4K-4G9 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 3/31/2024 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 investments | 736,323 | 223,843 | 113,079 | 172,597 | 10,487 | 303,438 | |||
| Cash and cash equivalents | 736,323 | 223,843 | 113,079 | 172,597 | 10,487 | 303,438 | |||
| Receivables | 1,031,530 | 632,248 | 314,560 | 348,714 | 40,651 | 220,525 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,215,928 | 99,000 | 99,000 | 124,000 | |||||
| Inventory | 1,215,928 | 99,000 | 99,000 | 124,000 | |||||
| Prepaid expense | 42,720 | 41,714 | 44,567 | 46,775 | 37,702 | 35,145 | |||
| Advances on inventory purchases | 42,505 | ||||||||
| Other current assets | 55,268 | ||||||||
| Other undisclosed current assets | 12,477 | 12,182 | 13,016 | 45,067 | |||||
| Total current assets: | 3,094,246 | 909,987 | 584,222 | 754,658 | 212,840 | 559,108 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 46,936 | 62,728 | 84,618 | 100,548 | ✕ | ||||
| Property, plant and equipment | 5,430,260 | 5,554,225 | 6,841,770 | 7,793,997 | 8,103,740 | 856 | |||
| Long-term investments and receivables | 775,577 | 1,870,123 | 721,156 | ||||||
| Long-term investments | 775,577 | 1,870,123 | 721,156 | ||||||
| Intangible assets, net (including goodwill) | 269,460 | 263,117 | 3,682,236 | 3,666,364 | 8,147,916 | 3,594,195 | |||
| Goodwill | 269,460 | 263,117 | 3,682,236 | 3,666,364 | 8,147,916 | 3,594,195 | |||
| Other noncurrent assets | 31,496 | ||||||||
| Other undisclosed noncurrent assets | 2,595,022 | ||||||||
| Total noncurrent assets: | 5,746,656 | 6,655,647 | 12,478,747 | 12,282,065 | 16,251,656 | 6,221,569 | |||
| TOTAL ASSETS: | 8,840,902 | 7,565,634 | 13,062,969 | 13,036,723 | 16,464,496 | 6,780,677 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,945,568 | 2,296,935 | 2,885,909 | 1,809,120 | 2,494,588 | 1,739,765 | |||
| Settlement liabilities | ✕ | ✕ | ✕ | 10,000 | 90,000 | ||||
| Interest and dividends payable | ✕ | ✕ | ✕ | 952,376 | 403,865 | 53,945 | 133,082 | ||
| Accrued liabilities | 2,622,203 | 1,680,980 | 973,017 | 1,002,098 | 2,151,975 | 68,373 | |||
| Other undisclosed accounts payable and accrued liabilities | 323,365 | 615,955 | 950,516 | 313,157 | 288,668 | 1,538,310 | |||
| Deferred revenue | 43,098 | 42,719 | 42,719 | ✕ | |||||
| Debt | 7,880,980 | 506 | 506 | 1,562 | 78,099 | 221,639 | |||
| Deferred rent credit | 262,199 | ||||||||
| Derivative instruments and hedges, liabilities | 8,021 | 15,125 | 7,902 | 12,068 | 150,834 | 862,483 | |||
| Due to related parties | ✕ | ✕ | 4,468,535 | 1,037,104 | 2,831,635 | 781,660 | 612,666 | ||
| Other undisclosed current liabilities | 3,711,622 | 146,320 | 111,836 | 176,324 | 1,324,810 | ||||
| Total current liabilities: | 14,589,289 | 6,927,421 | 4,043,257 | 4,873,428 | 5,134,909 | 3,436,553 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,528,033 | 1,622,366 | 47,619 | ||||||
| Long-term debt, excluding current maturities | 47,619 | ||||||||
| Liabilities, other than long-term debt | 1,224,310 | 7,198,038 | 9,643,791 | 10,051,349 | 1,346,831 | ||||
| Deferred rent credit | 1,346,831 | ||||||||
| Due to related parties | ✕ | ✕ | 5,877,930 | 9,621,696 | 7,103,325 | ||||
| Operating lease, liability | 1,223,955 | 1,319,619 | 1,528,033 | 1,622,366 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 355 | 489 | 22,095 | 2,948,024 | |||||
| Other undisclosed noncurrent liabilities | 10,000 | ||||||||
| Total noncurrent liabilities: | 1,224,310 | 7,198,038 | 11,171,824 | 11,683,715 | 1,394,450 | ||||
| Total liabilities: | 15,813,599 | 14,125,459 | 15,215,081 | 16,557,143 | 6,529,359 | 3,436,553 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (6,972,697) | (6,559,825) | (2,152,112) | (3,521,219) | 9,935,137 | 3,344,124 | |||
| Preferred stock | 100 | 100 | 100 | 100 | 100 | 100 | |||
| Common stock | 61,703 | 61,703 | 61,703 | 57,328 | 57,113 | 9,362 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (220,000) | (220,319) | |||||||
| Additional paid in capital | 24,985,697 | 24,985,697 | 24,985,697 | 23,940,696 | 29,846,004 | 11,346,467 | |||
| Accumulated other comprehensive loss | (1,088,288) | (998,829) | (1,110,720) | (1,174,969) | (897,077) | (55,881) | |||
| Accumulated deficit | (31,107,348) | (30,783,678) | (26,263,614) | (26,536,495) | (19,462,624) | (9,094,954) | |||
| Other undisclosed equity, attributable to parent | 175,439 | 175,182 | 174,722 | 192,121 | 611,621 | 1,359,349 | |||
| Other undisclosed equity | 799 | ||||||||
| Total equity: | (6,972,697) | (6,559,825) | (2,152,112) | (3,520,420) | 9,935,137 | 3,344,124 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,840,902 | 7,565,634 | 13,062,969 | 13,036,723 | 16,464,496 | 6,780,677 | |||
Income Statement (P&L) (USD)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,720,169 | 30,000 | 263 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (2,065,149) | (99,000) | (25,000) | (150,954) | ||||
| Gross profit: | 1,655,020 | (99,000) | 5,000 | (150,954) | 263 | |||
| Operating expenses | (2,086,299) | (1,239,514) | (1,349,695) | (1,569,377) | (4,689,955) | (1,281,034) | ||
| Operating income (loss): | (431,279) | (1,338,514) | (1,349,695) | (1,564,377) | (4,840,909) | (1,280,771) | ||
| Nonoperating income (expense) | 107,609 | (3,280,550) | 1,622,576 | (5,509,494) | (5,677,715) | (619,570) | ||
| Gain (loss), foreign currency transaction, before tax | (51,811) | 126,314 | (73,163) | (168,034) | (418,940) | (33,546) | ||
| Other nonoperating income | 16,782 | 811,464 | 30,769 | 7,880 | 7,520 | |||
| Interest and debt expense | (1,410,974) | (1,121,595) | 26,049 | (3,347,630) | (1,428,282) | (39,118) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,734,644) | (5,740,659) | 298,930 | (10,421,501) | (11,946,906) | (1,939,459) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,410,974 | 1,220,595 | (26,049) | 3,347,630 | 1,579,236 | 39,118 | ||
| Income (loss) from continuing operations: | (323,670) | (4,520,064) | 272,881 | (7,073,871) | (10,367,670) | (1,900,341) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 272,881 | (7,073,871) | (10,367,670) | (1,900,341) | |
| Net income (loss) available to common stockholders, diluted: | (323,670) | (4,520,064) | 272,881 | (7,073,871) | (10,367,670) | (1,900,341) | ||
Comprehensive Income (USD)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (323,670) | (4,520,064) | 272,881 | (7,073,871) | (10,367,670) | (1,900,341) | ||
| Comprehensive income (loss): | (323,670) | (4,520,064) | 272,881 | (7,073,871) | (10,367,670) | (1,900,341) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (89,459) | 111,891 | 64,249 | (277,892) | (502,589) | (55,881) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (413,129) | (4,408,173) | 337,130 | (7,351,763) | (10,870,259) | (1,956,222) | ||
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.