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)
| 2/29/2024 MRQ | 11/30/2023 MRQ | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,760 | 998 | 2,552 | 1,665 | 2,926 | 10,526 | |||
| Cash and cash equivalents | 1,760 | 998 | 2,552 | 1,665 | 2,926 | 10,526 | |||
| Receivables | 933 | 431 | 618 | 685 | 4,045 | 851 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,642 | 3,013 | 3,418 | 1,228 | 575 | 747 | |||
| Inventory | 2,642 | 3,013 | 3,418 | 1,228 | 575 | 747 | |||
| Prepaid expense | 70 | 149 | 296 | 262 | 234 | 390 | |||
| Deposits current assets | 2 | ||||||||
| Other undisclosed current assets | 159 | 164 | |||||||
| Total current assets: | 5,405 | 4,592 | 6,884 | 3,841 | 7,942 | 12,678 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,680 | 1,642 | 2,155 | 2,250 | 1,403 | ✕ | |||
| Nontrade receivables | 178 | ||||||||
| Property, plant and equipment | 2,640 | 2,913 | 4,342 | 3,476 | 3,776 | 1,910 | |||
| Long-term investments and receivables | 470 | 4,299 | |||||||
| Long-term investments | 470 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 4,299 | ||||||||
| Intangible assets, net (including goodwill), including: | 751 | 767 | 1,190 | 1,305 | 1,421 | 1,525 | |||
| Goodwill | 558 | 558 | 558 | 558 | 558 | 25,743 | |||
| Intangible assets, net (excluding goodwill) | 194 | 209 | 1,190 | 1,305 | 1,421 | 1,525 | |||
| Other undisclosed intangible assets, net (including goodwill) | (558) | (558) | (558) | (25,743) | |||||
| Other noncurrent assets | 216 | 158 | 230 | 167 | 167 | 167 | |||
| Other undisclosed noncurrent assets | 558 | 558 | 558 | 25,746 | |||||
| Total noncurrent assets: | 5,287 | 5,479 | 8,944 | 7,756 | 7,325 | 33,826 | |||
| TOTAL ASSETS: | 10,692 | 10,071 | 15,828 | 11,597 | 15,267 | 46,503 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,725 | 2,729 | 2,318 | 1,609 | 1,173 | 1,517 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 268 | 222 | 475 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 280 | 212 | 230 | |||
| Accounts payable | 3,062 | 1,794 | 1,414 | 772 | 591 | 510 | |||
| Accrued liabilities | 354 | 312 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 309 | 623 | 904 | 289 | 147 | 302 | |||
| Debt | 2,117 | 1,998 | 20,534 | 330 | 3,933 | ||||
| Business combination, contingent consideration, liability | 150 | 1,000 | |||||||
| Other undisclosed current liabilities | 13,611 | 11,614 | 5,261 | 3,045 | 559 | 475 | |||
| Total current liabilities: | 19,453 | 16,341 | 28,112 | 4,984 | 1,882 | 6,925 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,449 | 2,233 | 4,865 | 21,709 | 18,781 | 14,541 | |||
| Long-term debt, excluding current maturities | 1,298 | 2,033 | 2,694 | 19,730 | 17,644 | 14,541 | |||
| Finance lease, liability | 151 | 200 | 277 | ✕ | |||||
| Liabilities, other than long-term debt | 1,539 | 1,544 | |||||||
| Operating lease, liability | 1,539 | 1,544 | 1,894 | 1,979 | 1,136 | ✕ | |||
| Other undisclosed noncurrent liabilities | 3,753 | 3,753 | (1,894) | (1,979) | (1,136) | ||||
| Total noncurrent liabilities: | 6,741 | 7,531 | 4,865 | 21,709 | 18,781 | 14,541 | |||
| Total liabilities: | 26,194 | 23,871 | 32,977 | 26,694 | 20,663 | 21,466 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (14,362) | (12,659) | (17,052) | (15,097) | (5,396) | 25,038 | |||
| Common stock | 7 | 7 | 13 | 13 | 13 | 13 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | |||||||||
| Additional paid in capital | 96,210 | 96,148 | 77,945 | 77,561 | 71,197 | 70,758 | |||
| Accumulated deficit | (110,646) | (108,879) | (95,080) | (92,737) | (76,846) | (46,188) | |||
| Other undisclosed equity, attributable to parent | 66 | 66 | 70 | 66 | 241 | 455 | |||
| Equity, attributable to noncontrolling interest | (1,140) | (1,142) | (97) | ||||||
| Total equity: | (15,502) | (13,801) | (17,149) | (15,097) | (5,396) | 25,038 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,692 | 10,071 | 15,828 | 11,597 | 15,267 | 46,503 | |||
Income Statement (P&L) ($ in thousands)
| 2/29/2024 TTM | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,326 | 23,134 | 22,663 | 19,292 | 11,918 | 8,459 | ||
| Cost of revenue | (13,121) | (13,330) | (11,124) | (9,645) | (5,959) | (4,836) | ||
| Gross profit: | 8,205 | 9,804 | 11,539 | 9,647 | 5,958 | 3,623 | ||
| Operating expenses | (12,193) | (13,564) | (12,417) | (13,300) | (33,962) | (26,472) | ||
| Other operating expense, net (Other Expenses) | (13) | |||||||
| Other undisclosed operating income | 13 | |||||||
| Operating loss: | (3,988) | (3,760) | (878) | (3,652) | (28,004) | (22,849) | ||
| Nonoperating income (expense) | (964) | (8,863) | 479 | (9,748) | (2,654) | (4,770) | ||
| Debt instrument, convertible, beneficial conversion feature | 5,889 | |||||||
| Other nonoperating income | 925 | |||||||
| Interest and debt expense | (1,055) | 2 | (2,150) | (6,106) | (2,941) | (4,448) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,941 | 4,448 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (6,008) | (12,621) | (2,549) | (19,506) | (30,658) | (27,619) | ||
| Income from equity method investments | 154 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 901 | (2) | 2,150 | 6,106 | ||||
| Loss from continuing operations before income taxes: | (4,952) | (12,624) | (399) | (13,400) | (30,658) | (27,619) | ||
| Income tax expense | (2,118) | (2,221) | (2,041) | (2,490) | ||||
| Loss from continuing operations: | (7,071) | (14,844) | (2,440) | (15,891) | (30,658) | (27,619) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,440) | (15,891) | (30,658) | (27,619) | |
| Net loss: | (7,071) | (14,844) | (2,440) | (15,891) | (30,658) | (27,619) | ||
| Net income attributable to noncontrolling interest | 869 | 1,045 | 97 | |||||
| Net loss available to common stockholders, diluted: | (6,201) | (13,800) | (2,343) | (15,891) | (30,658) | (27,619) | ||
Comprehensive Income ($ in thousands)
| 2/29/2024 TTM | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,071) | (14,844) | (2,440) | (15,891) | (30,658) | (27,619) | ||
| Comprehensive loss: | (7,071) | (14,844) | (2,440) | (15,891) | (30,658) | (27,619) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 869 | 1,045 | 97 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (6,201) | (13,800) | (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.