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) (USD)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  17,459104,53029,611109,912
Cash and cash equivalent  17,459104,53029,611109,912
Other undisclosed current assets91,451 129,655129,655199,592199,592
Total current assets:91,451 147,114234,185229,203309,504
Noncurrent Assets
Intangible assets, net (including goodwill)   (2,432,492)(2,432,492)(2,433,116)42,819
Intangible assets, net (excluding goodwill)   (2,432,492)(2,432,492)(2,433,116)42,819
Other undisclosed noncurrent assets   2,432,4922,432,4922,433,116 
Total noncurrent assets:      42,819
TOTAL ASSETS:91,451 147,114234,185229,203352,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67,500 75,62875,62875,62875,628
Accrued liabilities67,500 75,62875,62875,62875,628
Debt1,437,307   1,411,1521,396,077
Other undisclosed current liabilities3,853,777 4,843,5544,776,6833,397,9273,288,001
Total current liabilities:5,358,584 4,919,1824,852,3114,884,7074,759,706
Noncurrent Liabilities
Long-term debt and lease obligation322,000 75,00075,00025,000 
Long-term debt, excluding current maturities322,000 75,00075,00025,000 
Total noncurrent liabilities:322,000 75,00075,00025,000 
Total liabilities:5,680,584 4,994,1824,927,3114,909,7074,759,706
Equity
Equity, attributable to parent(5,589,133) (4,847,068)(4,693,126)(4,680,504)(4,407,383)
Common stock40,821 40,72140,38838,18738,187
Additional paid in capital104,722,056 104,712,156104,679,155104,259,745104,259,745
Accumulated deficit(110,352,010) (109,599,945)(109,412,669)(108,978,436)(108,705,315)
Total equity:(5,589,133) (4,847,068)(4,693,126)(4,680,504)(4,407,383)
TOTAL LIABILITIES AND EQUITY:91,451 147,114234,185229,203352,323

Income Statement (P&L) (USD)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Operating expenses(254,137) (234,007)(551,491)(265,122)(529,623)
Operating loss:(254,137) (234,007)(551,491)(265,122)(529,623)
Nonoperating income (expense)(30,881) 46,731117,258(7,999)(2,335,653)
Other nonoperating income   85,000160,00075,000 
Interest and debt expense(30,881) (38,269)(42,742)(40,804)(61,392)
Loss from continuing operations before equity method investments, income taxes:(315,899) (225,545)(476,975)(313,925)(2,926,668)
Other undisclosed income from continuing operations before income taxes30,881 38,26942,74240,80461,392
Net loss attributable to parent:(285,018) (187,276)(434,233)(273,121)(2,865,276)
Preferred stock dividends and other adjustments (3,462)  (269,218)  
Net loss available to common stockholders, diluted:(288,480) (187,276)(703,451)(273,121)(2,865,276)

Comprehensive Income (USD)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Net loss:(285,018) (187,276)(434,233)(273,121)(2,865,276)
Comprehensive loss, net of tax, attributable to parent:(285,018) (187,276)(434,233)(273,121)(2,865,276)

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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