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 investments | 12 | 110 | 234 | 793 | 152 | 228 | |||
| Cash and cash equivalent | 12 | 110 | 234 | 793 | 152 | 228 | |||
| Receivables | 5,342 | 488 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 1,446 | 2,137 | |||||||
| Inventory | 1,446 | 2,137 | |||||||
| Prepaid expense | 614 | ||||||||
| Disposal group, including discontinued operation | 2,495 | ||||||||
| Other undisclosed current assets | 91 | 200 | 94 | 256 | 61 | ||||
| Total current assets: | 103 | 310 | 328 | 3,544 | 7,001 | 3,467 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 27 | ✕ | |||||||
| Property, plant and equipment | 25 | 5,534 | 23,505 | ||||||
| Long-term investments and receivables | 92 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 92 | ||||||||
| Intangible assets, net (including goodwill) | 43 | 2,222 | 1,707 | 1,700 | 1,819 | ||||
| Intangible assets, net (excluding goodwill) | 43 | 2,222 | 1,707 | 1,700 | 1,819 | ||||
| Deposits noncurrent assets | 1,224 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 5,530 | ||||||||
| Other undisclosed noncurrent assets | 9 | ||||||||
| Total noncurrent assets: | 43 | 2,222 | 7,262 | 7,352 | 26,557 | ||||
| TOTAL ASSETS: | 103 | 352 | 2,550 | 10,806 | 14,353 | 30,023 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,518 | 76 | 2,948 | 3,626 | 4,439 | 4,182 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 385 | 494 | 398 | 142 | ||
| Taxes payable | ✕ | ✕ | ✕ | 896 | 762 | 593 | 506 | ||
| Accounts payable | 1,657 | 1,412 | 2,560 | 3,071 | |||||
| Accrued liabilities | 1,518 | 76 | 10 | 958 | 888 | 463 | |||
| Debt | 1,437 | 1,396 | 988 | 3,595 | 5,701 | 2,530 | |||
| Disposal group, including discontinued operation | 2,055 | ||||||||
| Due to related parties | ✕ | ✕ | 85 | 738 | |||||
| Other undisclosed current liabilities | 2,140 | 3,288 | (762) | 7 | |||||
| Total current liabilities: | 5,096 | 4,760 | 3,935 | 8,598 | 10,886 | 6,712 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 322 | 397 | 292 | 3,556 | 6,155 | ||||
| Long-term debt, excluding current maturities | 322 | 397 | 292 | 161 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,994 | ||
| 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 | 397 | 3,682 | 3,556 | 6,155 | ||||
| Total liabilities: | 5,418 | 4,760 | 4,333 | 12,280 | 14,441 | 12,867 | |||
| Equity | |||||||||
| Equity, attributable to parent | (5,314) | (4,407) | (1,783) | (1,474) | (88) | 8,300 | |||
| Common stock | 41 | 38 | 33 | 32 | 28 | 24 | |||
| Additional paid in capital | 104,712 | 104,260 | 102,765 | 102,381 | 97,271 | 93,020 | |||
| 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: | 103 | 352 | 2,550 | 10,806 | 14,353 | 30,023 | |||
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 | 3,121 | 3,455 | ||||||
| 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) | 320 | 100 | 9 | (194) | (3,369) | |||
| Interest and debt expense | (179) | 22 | 468 | (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) | 127 | 5,191 | |||
| 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 | 738 | 1,027 | ||||||
| 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 | 738 | 1,027 | ||||||
| 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.