GB Sciences, Inc. (GBLX) Financial Statements (2025 and earlier)

Company Profile

Business Address 6450 CAMERON STREET #110A
LAS VEGAS, NV 89118
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12110234793152228
Cash and cash equivalent12110234793152228
Receivables     5,342488
Inventory, net of allowances, customer advances and progress billings     1,4462,137
Inventory     1,4462,137
Prepaid expense      614
Disposal group, including discontinued operation    2,495  
Other undisclosed current assets912009425661 
Total current assets:1033103283,5447,0013,467
Noncurrent Assets
Operating lease, right-of-use asset     27
Property, plant and equipment    255,53423,505
Long-term investments and receivables     92 
Accounts and financing receivable, after allowance for credit loss     92 
Intangible assets, net (including goodwill)  432,2221,7071,7001,819
Intangible assets, net (excluding goodwill)  432,2221,7071,7001,819
Deposits noncurrent assets      1,224
Disposal group, including discontinued operation, noncurrent assets    5,530  
Other undisclosed noncurrent assets      9
Total noncurrent assets:  432,2227,2627,35226,557
TOTAL ASSETS:1033522,55010,80614,35330,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,518762,9483,6264,4394,182
Interest and dividends payable385494398142
Taxes payable896762593506
Accounts payable   1,6571,4122,5603,071
Accrued liabilities1,5187610958888463
Debt1,4371,3969883,5955,7012,530
Disposal group, including discontinued operation    2,055  
Due to related parties  85738 
Other undisclosed current liabilities2,1403,288 (762)7 
Total current liabilities:5,0964,7603,9358,59810,8866,712
Noncurrent Liabilities
Long-term debt and lease obligation322 3972923,5566,155
Long-term debt, excluding current maturities322 397292 161
Capital lease obligations5,994
Finance lease, liability     3,533
Liabilities, other than long-term debt    3,389  
Disposal group, including discontinued operation, liabilities    3,389  
Operating lease, liability     23
Other undisclosed noncurrent liabilities     (23) 
Total noncurrent liabilities:322 3973,6823,5566,155
Total liabilities:5,4184,7604,33312,28014,44112,867
Equity
Equity, attributable to parent(5,314)(4,407)(1,783)(1,474)(88)8,300
Common stock413833322824
Additional paid in capital104,712104,260102,765102,38197,27193,020
Accumulated deficit(110,067)(108,705)(104,580)(103,886)(97,387)(84,744)
Equity, attributable to noncontrolling interest      8,856
Total equity:(5,314)(4,407)(1,783)(1,474)(88)17,156
TOTAL LIABILITIES AND EQUITY:1033522,55010,80614,35330,023

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

9/30/2024
TTM
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues     3,1213,455
Cost of revenue     (4,002)(3,246)
Gross profit:     (881)208
Operating expenses(1,421)(1,672)(1,869)(2,002)(11,129)(15,803)
Other undisclosed operating loss (320)     
Operating loss:(1,421)(1,672)(1,869)(2,002)(12,010)(15,594)
Nonoperating income (expense)59(2,453)1,722(1,331)461(8,560)
Investment income, nonoperating   5,206 4,393 
Other nonoperating income (expense)3201009 (194)(3,369)
Interest and debt expense (179)22468(127)(5,191)
Loss from continuing operations before equity method investments, income taxes:(1,362)(4,304)(124)(2,865)(11,676)(29,345)
Other undisclosed income (loss) from continuing operations before income taxes 179(22)(468)1275,191
Loss from continuing operations before income taxes:(1,362)(4,125)(147)(3,333)(11,549)(24,154)
Income tax expense (102)   (87)(526)
Loss from continuing operations:(1,464)(4,125)(147)(3,333)(11,635)(24,680)
Loss before gain (loss) on sale of properties:(531)(3,725)(13,112)(24,680)
Loss from discontinued operations   (384)(392)(1,476) 
Other undisclosed net income 102     
Net loss:(1,362)(4,125)(531)(3,725)(13,112)(24,680)
Net income attributable to noncontrolling interest     7381,027
Net loss attributable to parent:(1,362)(4,125)(531)(3,725)(12,374)(23,653)
Preferred stock dividends and other adjustments(278)     
Other undisclosed net loss available to common stockholders, basic      (2,861)
Net loss available to common stockholders, diluted:(1,640)(4,125)(531)(3,725)(12,374)(26,515)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net loss:(1,362)(4,125)(531)(3,725)(13,112)(24,680)
Comprehensive loss:(1,362)(4,125)(531)(3,725)(13,112)(24,680)
Comprehensive income, net of tax, attributable to noncontrolling interest     7381,027
Comprehensive loss, net of tax, attributable to parent:(1,362)(4,125)(531)(3,725)(12,374)(23,653)

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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