United Cannabis Corp (CNAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 301 COMMERCIAL RD.
GOLDEN, CO 80401
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,127450665275535165
Cash and cash equivalents1,127450665275535165
Receivables2714625918410149
Inventory, net of allowances, customer advances and progress billings1,7331,4012,5522,6621,644137
Inventory1,7331,4012,5522,6621,644137
Other current assets9422935492418
Total current assets:4,0741,9273,5103,1712,304370
Noncurrent Assets
Operating lease, right-of-use asset1,193833
Property, plant and equipment4,1672,1012,1201,9221,7481,333
Intangible assets, net (including goodwill)5,1165,1165,1095,1035,0985,060
Goodwill4,8394,8394,8394,8394,8394,839
Intangible assets, net (excluding goodwill)277277271265260221
Other noncurrent assets170102 72  
Other undisclosed noncurrent assets3652,0972,1541,096322249
Total noncurrent assets:11,01110,2499,3838,1937,1686,641
TOTAL ASSETS:15,08512,17612,89311,3649,4737,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7581,2511,303617728388
Employee-related liabilities     413202
Accounts payable  901,163582290177
Accrued liabilities75818913934259
Other undisclosed accounts payable and accrued liabilities  971    
Deferred revenue271 
Debt45335258649533
Due to related parties1,1501,1431,1551,126763342
Other undisclosed current liabilities6,4783,2613,0751,0031,626159
Total current liabilities:9,1116,0065,5902,8093,211921
Noncurrent Liabilities
Long-term debt and lease obligation:808533    
Operating lease, liability808533
Total noncurrent liabilities:808533    
Total liabilities:9,9196,5395,5902,8093,211921
Equity
Equity, attributable to parent5,5205,9487,5678,7276,3966,196
Preferred stock332222
Common stock49,78347,14546,94044,94339,66828,670
Accumulated deficit(44,266)(41,200)(39,374)(36,219)(33,274)(22,476)
Equity, attributable to noncontrolling interest(354)(311)(264)(172)(134)(106)
Total equity:5,1665,6377,3038,5556,2626,090
TOTAL LIABILITIES AND EQUITY:15,08512,17612,89311,3649,4737,011

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues3,9614,4122,9842,1321,862266
Other undisclosed gross profit(2,593)(3,514)(2,761)(1,567)(1,393)(119)
Gross profit:1,369899223565468147
Operating expenses(2,667)(2,581)(2,910)(2,021)(10,880)(6,845)
Operating loss:(1,298)(1,683)(2,687)(1,455)(10,411)(6,697)
Interest and debt expense(1,385)(68)(23)(121)(43)(8)
Loss from continuing operations before equity method investments, income taxes:(2,683)(1,750)(2,709)(1,576)(10,454)(6,706)
Other undisclosed loss from continuing operations before income taxes(426)(122)(538)(1,406)(373)(556)
Loss from continuing operations:(3,109)(1,872)(3,248)(2,982)(10,827)(7,262)
Loss before gain (loss) on sale of properties:(3,109)(1,872)(3,248)(2,982)(10,827)(7,262)
Net loss:(3,109)(1,872)(3,248)(2,982)(10,827)(7,262)
Net income attributable to noncontrolling interest434692382955
Net loss available to common stockholders, diluted:(3,066)(1,826)(3,155)(2,945)(10,798)(7,207)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(3,109)(1,872)(3,248)(2,982)(10,827)(7,262)
Comprehensive loss:(3,109)(1,872)(3,248)(2,982)(10,827)(7,262)
Comprehensive income, net of tax, attributable to noncontrolling interest434692382955
Comprehensive loss, net of tax, attributable to parent:(3,066)(1,826)(3,155)(2,945)(10,798)(7,207)

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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