CLS Holdings USA, Inc. (CLSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 516 S. 4TH STREET
LAS VEGAS, NV 89101
State of Incorp. NV
Fiscal Year End May 31
Industry (SIC) 59 - Miscellaneous Retail (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9988092,5521,6652,92610,526
Cash and cash equivalents9988092,5521,6652,92610,526
Receivables4311,0056186854,045851
Inventory, net of allowances, customer advances and progress billings3,0134,8763,4181,228575747
Inventory3,0134,8763,4181,228575747
Prepaid expense149287296262234390
Deposits current assets     2 
Other undisclosed current assets     159164
Total current assets:4,5926,9776,8843,8417,94212,678
Noncurrent Assets
Operating lease, right-of-use asset1,6422,0272,1552,2501,403
Nontrade receivables      178
Property, plant and equipment2,9134,0614,3423,4763,7761,910
Long-term investments and receivables  558470  4,299
Long-term investments  558470   
Accounts and financing receivable, after allowance for credit loss      4,299
Intangible assets, net (including goodwill), including:7671,1331,1901,3051,4211,525
Goodwill55855855855855825,743
Intangible assets, net (excluding goodwill)2091,1331,1901,3051,4211,525
Other undisclosed intangible assets, net (including goodwill)  (558)(558)(558)(558)(25,743)
Other noncurrent assets158209230167167167
Other undisclosed noncurrent assets  55855855855825,746
Total noncurrent assets:5,4798,5468,9447,7567,32533,826
TOTAL ASSETS:10,07115,52315,82811,59715,26746,503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7293,3002,3181,6091,1731,517
Interest and dividends payable 268222475
Employee-related liabilities 280212230
Accounts payable1,7942,2081,414772591510
Accrued liabilities312553    
Other undisclosed accounts payable and accrued liabilities623539904289147302
Debt1,9981,91720,534330 3,933
Business combination, contingent consideration, liability     1501,000
Other undisclosed current liabilities11,6146,2385,2613,045559475
Total current liabilities:16,34111,45428,1124,9841,8826,925
Noncurrent Liabilities
Long-term debt and lease obligation2,2333,3204,86521,70918,78114,541
Long-term debt, excluding current maturities2,0333,0832,69419,73017,64414,541
Finance lease, liability200237277  
Liabilities, other than long-term debt1,5441,737    
Operating lease, liability1,5441,7371,8941,9791,136
Other undisclosed noncurrent liabilities3,7537,506(1,894)(1,979)(1,136) 
Total noncurrent liabilities:7,53112,5634,86521,70918,78114,541
Total liabilities:23,87124,01732,97726,69420,66321,466
Equity
Equity, attributable to parent, including:(12,659)(8,224)(17,052)(15,097)(5,396)25,038
Common stock7713131313
Additional paid in capital96,14896,14377,94577,56171,19770,758
Accumulated deficit(108,879)(104,444)(95,080)(92,737)(76,846)(46,188)
Other undisclosed equity, attributable to parent66707066241455
Equity, attributable to noncontrolling interest(1,142)(270)(97)   
Total equity:(13,801)(8,494)(17,149)(15,097)(5,396)25,038
TOTAL LIABILITIES AND EQUITY:10,07115,52315,82811,59715,26746,503

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

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues23,13423,86722,66319,29211,9188,459
Cost of revenue(13,330)(11,910)(11,124)(9,645)(5,959)(4,836)
Gross profit:9,80411,95811,5399,6475,9583,623
Operating expenses(13,564)(13,177)(12,417)(13,300)(33,962)(26,472)
Other operating expense, net
(Other Expenses)
      (13)
Other undisclosed operating income      13
Operating loss:(3,760)(1,219)(878)(3,652)(28,004)(22,849)
Nonoperating income (expense)(8,863)(8,229)479(9,748)(2,654)(4,770)
Debt instrument, convertible, beneficial conversion feature      5,889
Interest and debt expense2(2,088)(2,150)(6,106)(2,941)(4,448)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (826)  2,9414,448
Loss from continuing operations before equity method investments, income taxes:(12,621)(12,362)(2,549)(19,506)(30,658)(27,619)
Income (loss) from equity method investments (154)    
Other undisclosed income (loss) from continuing operations before income taxes(2)3,0682,1506,106  
Loss from continuing operations before income taxes:(12,624)(9,448)(399)(13,400)(30,658)(27,619)
Income tax expense(2,221)(2,608)(2,041)(2,490)  
Loss from continuing operations:(14,844)(12,057)(2,440)(15,891)(30,658)(27,619)
Loss before gain (loss) on sale of properties:(3,851)(2,440)(15,891)(30,658)(27,619)
Net loss:(14,844)(12,057)(2,440)(15,891)(30,658)(27,619)
Net income attributable to noncontrolling interest1,04526797   
Net loss available to common stockholders, diluted:(13,800)(11,790)(2,343)(15,891)(30,658)(27,619)

Comprehensive Income ($ in thousands)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net loss:(14,844)(12,057)(2,440)(15,891)(30,658)(27,619)
Comprehensive loss:(14,844)(12,057)(2,440)(15,891)(30,658)(27,619)
Comprehensive income, net of tax, attributable to noncontrolling interest1,04526797   
Comprehensive loss, net of tax, attributable to parent:(13,800)(11,790)(2,343)(15,891)(30,658)(27,619)

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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