GB Sciences, Inc. (GBLX) financial statements (2021 and earlier)
Company profile
| Business Address |
6450 CAMERON STREET #110A LAS VEGAS, NV 89118 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | 3/31/2019 Q4 | 12/31/2018 Q3 | 9/30/2018 Q2 | 6/30/2018 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 0 | 0 | 0 | 0 | 0 | 3 | 5 | ||
| Cash and cash equivalents | 0 | 0 | 0 | 0 | 0 | 3 | 5 | ||
| Receivables | 1 | 0 | 0 | 0 | 0 | 1 | 1 | ||
| Inventory, net of allowances, customer advances and progress billings | 2 | 2 | 3 | 2 | 3 | 2 | 1 | ||
| Inventory | 2 | 2 | 3 | 2 | 3 | 2 | 1 | ||
| Prepaid expense | 0 | 1 | 1 | 1 | 2 | ||||
| Disposal group, including discontinued operation | 1 | ||||||||
| Other undisclosed current assets | 0 | 0 | |||||||
| Total current assets: | 3 | 3 | 4 | 3 | 5 | 6 | 9 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 0 | 0 | 0 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 10 | 10 | 23 | 24 | 23 | 21 | 16 | ||
| Long-term investments and receivables | 5 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 5 | ||||||||
| Intangible assets, net (including goodwill) | 2 | 2 | 2 | 2 | 2 | 2 | 1 | ||
| Intangible assets, net (excluding goodwill) | 2 | 2 | 2 | 2 | 2 | 2 | 1 | ||
| Deposits noncurrent assets | 0 | 0 | 1 | 1 | 1 | 1 | 1 | ||
| Disposal group, including discontinued operation, noncurrent assets | 14 | ||||||||
| Other undisclosed noncurrent assets | 0 | 0 | 0 | 0 | 0 | ||||
| Total noncurrent assets: | 18 | 26 | 27 | 27 | 26 | 24 | 19 | ||
| TOTAL ASSETS: | 21 | 30 | 30 | 30 | 31 | 30 | 28 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3 | 3 | 4 | 4 | 4 | 1 | 1 | ||
| Accounts payable | 2 | 2 | 2 | 3 | 2 | 0 | 0 | ||
| Accrued liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Taxes payable | 1 | 1 | 1 | 1 | 1 | ||||
| Interest and dividends payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 5 | 5 | 5 | 3 | 1 | 1 | 1 | ||
| Due to related parties | 0 | ||||||||
| Disposal group, including discontinued operation | 2 | ||||||||
| Total current liabilities: | 9 | 9 | 9 | 7 | 5 | 2 | 2 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4 | 4 | 6 | 0 | 6 | 6 | 6 | ||
| Long-term debt, excluding current maturities | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Finance lease, liability | 4 | 4 | 6 | ✕ | ✕ | ✕ | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 6 | 6 | 6 | ||
| Operating lease, liability | 0 | 0 | 0 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 2 | ||||||||
| Disposal group, including discontinued operation, liabilities | 2 | ||||||||
| Other undisclosed noncurrent liabilities | 6 | ||||||||
| Total noncurrent liabilities: | 4 | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Total liabilities: | 13 | 16 | 15 | 13 | 11 | 8 | 8 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 8 | 5 | 7 | 8 | 10 | 13 | 13 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 97 | 95 | 94 | 93 | 90 | 89 | 80 | ||
| Accumulated deficit | (89) | (90) | (87) | (85) | (80) | (76) | (66) | ||
| Stockholders' equity attributable to noncontrolling interest | 9 | 9 | 9 | 9 | 9 | 6 | |||
| Total stockholders' equity: | 8 | 14 | 16 | 17 | 19 | 22 | 20 | ||
| TOTAL LIABILITIES AND EQUITY: | 21 | 30 | 30 | 30 | 31 | 30 | 28 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | 3/31/2019 Q4 | 12/31/2018 Q3 | 9/30/2018 Q2 | 6/30/2018 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Cost of revenue | (1) | (2) | (1) | (2) | (0) | (0) | (1) | |
| Gross profit: | (0) | (1) | 0 | (1) | 0 | 0 | 1 | |
| Operating expenses | (2) | (1) | (2) | (4) | (3) | (5) | (4) | |
| Operating loss: | (2) | (2) | (2) | (5) | (3) | (4) | (4) | |
| Nonoperating income (expense) | 4 | (0) | (1) | (0) | (1) | (6) | (2) | |
| Investment income, nonoperating | 5 | |||||||
| Debt instrument, convertible, beneficial conversion feature | 0 | |||||||
| Other nonoperating income (expense) | (0) | (0) | (0) | (3) | 0 | |||
| Interest and debt expense | (0) | (0) | (1) | (0) | (0) | (3) | (2) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 2 | (3) | (3) | (6) | (4) | (13) | (7) | |
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 1 | 0 | 0 | |||
| Income (loss) from continuing operations before income taxes: | 2 | (2) | (2) | (5) | (3) | (13) | (7) | |
| Income tax expense (benefit) | 0 | (0) | 0 | (1) | ||||
| Income (loss) from continuing operations: | 2 | (2) | (3) | (5) | (4) | (13) | (7) | |
| Loss from discontinued operations | (1) | (0) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 1 | (3) | (3) | (5) | (4) | (13) | (7) | |
| Other undisclosed net income | 3 | 2 | ||||||
| Net income (loss): | 1 | (3) | (3) | (5) | (4) | (10) | (5) | |
| Net income attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net income (loss) attributable to parent: | 1 | (3) | (2) | (5) | (4) | (10) | (5) | |
| Other undisclosed net loss available to common stockholders, basic | (3) | |||||||
| Net income (loss) available to common stockholders, basic: | 1 | (3) | (2) | (8) | (4) | (10) | (5) | |
| Interest on convertible debt | 0 | |||||||
| Dilutive securities, effect on basic earnings per share | 0 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (0) | |||||||
| Net income (loss) available to common stockholders, diluted: | 1 | (3) | (2) | (8) | (4) | (10) | (5) | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | 3/31/2019 Q4 | 12/31/2018 Q3 | 9/30/2018 Q2 | 6/30/2018 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1 | (3) | (3) | (5) | (4) | (10) | (5) | |
| Comprehensive income (loss): | 1 | (3) | (3) | (5) | (4) | (10) | (5) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 1 | (3) | (2) | (5) | (4) | (10) | (5) | |
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.