CV Sciences, Inc. (CVSI) financial statements (2021 and earlier)
Company profile
| Business Address |
10070 BARNES CANYON ROAD SAN DIEGO, CA 92121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4 | 9 | 13 | 2 | 1 | 1 | 2 | ||
| Cash and cash equivalents | 4 | 9 | 13 | 2 | 1 | 1 | 2 | ||
| Receivables | 1 | 2 | 3 | 2 | 0 | 1 | 2 | ||
| Inventory, net of allowances, customer advances and progress billings | 9 | 10 | 7 | 3 | 3 | 14 | 12 | ||
| Inventory | 9 | 10 | 7 | 3 | 3 | 14 | 12 | ||
| Prepaid expense | 2 | 11 | 2 | 1 | 1 | 0 | 1 | ||
| Other current assets | 0 | ||||||||
| Other undisclosed current assets | 1 | 1 | 0 | 0 | 0 | 1 | |||
| Total current assets: | 17 | 32 | 25 | 8 | 5 | 17 | 17 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 1 | 6 | 6 | ||||||
| Operating lease, right-of-use asset | 3 | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 3 | 4 | 3 | 2 | 0 | 0 | 1 | ||
| Long-term investments and receivables | 0 | 0 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 0 | 0 | |||||||
| Intangible assets, net (including goodwill) | 7 | 7 | 7 | 7 | 7 | 10 | 4 | ||
| Goodwill | 3 | 3 | 3 | 3 | 3 | 5 | 2 | ||
| Intangible assets, net (excluding goodwill) | 4 | 4 | 4 | 4 | 4 | 6 | 3 | ||
| Other noncurrent assets | 1 | 1 | |||||||
| Deferred tax assets, net | ✕ | ✕ | 2 | ||||||
| Other undisclosed noncurrent assets | 1 | 0 | (2) | ||||||
| Total noncurrent assets: | 14 | 20 | 11 | 15 | 14 | 11 | 5 | ||
| TOTAL ASSETS: | 31 | 53 | 37 | 23 | 19 | 27 | 22 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11 | 12 | 4 | 3 | 1 | 1 | 1 | ||
| Accounts payable | 2 | 2 | 1 | 1 | 1 | 1 | 1 | ||
| Accrued liabilities | 10 | 11 | 3 | 2 | 0 | 1 | 0 | ||
| Employee-related liabilities | 0 | ||||||||
| Debt | 2 | 1 | 0 | 1 | 2 | 1 | |||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Business combination, contingent consideration, liability | 0 | ||||||||
| Other undisclosed current liabilities | 1 | (0) | |||||||
| Total current liabilities: | 14 | 13 | 4 | 3 | 3 | 2 | 1 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3 | 10 | 1 | 1 | |||||
| Long-term debt, excluding current maturities | 1 | 1 | |||||||
| Operating lease, liability | 3 | 10 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 2 | 1 | 1 | 2 | 2 | 2 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1 | |||||
| Deferred revenue | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 1 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 1 | 2 | 2 | ||||
| Deferred income tax liabilities | 0 | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 0 | ||||||||
| Other undisclosed noncurrent liabilities | 1 | ||||||||
| Total noncurrent liabilities: | 5 | 10 | 2 | 3 | 2 | 2 | |||
| Total liabilities: | 19 | 24 | 7 | 6 | 5 | 4 | 1 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 11 | 29 | 30 | 16 | 13 | 23 | 21 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 75 | 71 | 55 | 51 | 43 | 39 | 25 | ||
| Accumulated deficit | (64) | (42) | (25) | (35) | (30) | (16) | (4) | ||
| Total stockholders' equity: | 11 | 29 | 30 | 16 | 13 | 23 | 21 | ||
| TOTAL LIABILITIES AND EQUITY: | 31 | 53 | 37 | 23 | 19 | 27 | 22 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24 | 54 | 48 | 21 | 11 | 12 | 10 | |
| Revenue, net | ✕ | ✕ | ✕ | 0 | 5 | 5 | ||
| Financial services revenue | ✕ | ✕ | ✕ | 8 | ||||
| Cost of revenue | (13) | (19) | (14) | (6) | (4) | (4) | (4) | |
| Cost of goods and services sold | (0) | (1) | (4) | (0) | (0) | |||
| Gross profit: | 11 | 35 | 34 | 14 | 7 | 7 | 6 | |
| Operating expenses | (34) | (52) | (24) | (19) | (14) | (19) | (14) | |
| Other operating expense, net (Other Expenses) | (0) | |||||||
| Other undisclosed operating income (loss) | (6) | 1 | 0 | |||||
| Operating income (loss): | (23) | (17) | 10 | (5) | (13) | (11) | (9) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (0) | (1) | (1) | (1) | 7 | |||
| Interest and debt expense | (0) | (0) | (1) | (1) | (1) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (23) | (17) | 10 | (6) | (15) | (13) | (2) | |
| Loss from equity method investments | (0) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (0) | 0 | 0 | 0 | 1 | |||
| Income (loss) from continuing operations before income taxes: | (23) | (17) | 10 | (5) | (14) | (13) | (2) | |
| Income tax expense (benefit) | 0 | 1 | (0) | 0 | ||||
| Income (loss) before gain (loss) on sale of properties: | (22) | (17) | 10 | (5) | (14) | (13) | (2) | |
| Other undisclosed net income | 1 | 1 | ||||||
| Net income (loss) available to common stockholders, diluted: | (22) | (17) | 10 | (5) | (14) | (12) | (1) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (22) | (17) | 10 | (5) | (14) | (12) | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (22) | (17) | 10 | (5) | (14) | (12) | (1) | |
Statements sources
The financial statements are based on the company's filings with the 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.