Goodness Growth Holdings, Inc. (GDNSF) Financial Statements (2024 and earlier)

Company Profile

Business Address 207 SOUTH 9TH STREET
MINNEAPOLIS, MN 55402
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,96513,29611,34610,34615,14921,842
Cash and cash equivalents15,96513,29611,34610,34615,14921,842
Receivables2,2572,0591,6131,4241,4212,008
Inventory, net of allowances, customer advances and progress billings19,28619,05619,78421,85220,50819,115
Inventory19,28619,05619,78421,85220,50819,115
Prepaid expense1,3361,8341,9112,0312,5453,162
Deferred costs    1,2222,2372,207
Asset, held-for-sale, not part of disposal group91,21389,91887,13277,0674,2413,835
Financing receivable, excluding accrued interest, after allowance for credit loss3,7503,750    
Other undisclosed current assets15,0455,1974,5811,6156281,696
Total current assets:148,852135,110126,367115,55746,72953,864
Noncurrent Assets
Operating lease, right-of-use asset2,0182,1822,1262,7906,1117,483
Long-term investments and receivables   3,7503,7503,7503,750
Accounts and financing receivable, after allowance for credit loss   3,7503,7503,7503,750
Intangible assets, net (including goodwill)8,7198,9358,0498,8018,9619,121
Goodwill    184184184
Intangible assets, net (excluding goodwill)8,7198,9358,0498,6178,7778,937
Deposits noncurrent assets3843843845942,3122,178
Deferred income tax assets  1,2459951,3901,6875,680
Other undisclosed noncurrent assets23,29123,81324,28025,75189,60791,246
Total noncurrent assets:34,41236,55939,58343,075112,428119,458
TOTAL ASSETS:183,264171,669165,950158,633159,156173,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,67433,63927,09015,59514,92917,243
Taxes payable7,9736,1666,418
Accounts payable1,7691,4762,2301,6041,9052,803
Accrued liabilities4,85318,79815,7315,3086,1737,375
Other undisclosed accounts payable and accrued liabilities1,05213,3649,129710685647
Debt60,22155,43253,8703,05011,7806,014
Other undisclosed current liabilities111,57276,34776,03576,5293,0003,089
Total current liabilities:179,467165,418156,99595,17429,70926,347
Noncurrent Liabilities
Long-term debt and lease obligation9,1409,1686,99255,15646,24949,615
Long-term debt, excluding current maturities9,1409,1686,99255,15646,24949,615
Liabilities, other than long-term debt156236215  1,376
Disposal group, including discontinued operation, liabilities      1,376
Other liabilities156236215   
Other undisclosed noncurrent liabilities10,5449,7009,67310,37079,75879,508
Total noncurrent liabilities:19,84019,10416,88065,526126,007130,499
Total liabilities:199,307184,522173,875160,700155,716156,846
Equity
Equity, attributable to parent(16,044)(12,853)(7,925)(2,068)3,44116,476
Additional paid in capital187,384185,992185,691184,219181,322181,073
Accumulated deficit(203,428)(198,845)(193,616)(186,287)(177,881)(164,597)
Total equity:(16,044)(12,853)(7,925)(2,068)3,44116,476
TOTAL LIABILITIES AND EQUITY:183,264171,669165,950158,633159,156173,322

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues24,17324,67520,19719,08819,04318,854
Cost of revenue
(Cost of Goods and Services Sold)
 275(984)(590)(9,578)(9,891)(9,186)
Other undisclosed gross profit(12,392)(10,494)(10,276)10(636)(131)
Gross profit:12,05513,1979,3319,5208,5169,537
Operating expenses(6,673)(7,326)(10,373)(9,152)(7,814)(9,726)
Operating income (loss):5,3825,871(1,042)369702(189)
Nonoperating expense(8,977)(7,621)(4,694)(7,112)(8,038)(7,595)
Other nonoperating income1,5803465,798224680
Interest and debt expense(8,466)(7,916)(7,745)(7,135)(7,121)(5,573)
Loss from continuing operations before equity method investments, income taxes:(12,060)(9,665)(13,481)(13,879)(14,456)(13,357)
Other undisclosed income from continuing operations before income taxes8,4667,9167,7457,1357,1215,573
Loss from continuing operations before income taxes:(3,595)(1,749)(5,736)(6,744)(7,336)(7,784)
Income tax expense(988)(3,980)(1,653)(1,662)(5,948)(1,790)
Loss from continuing operations:(4,583)(5,729)(7,389)(8,406)(13,284)(9,574)
Loss before gain (loss) on sale of properties:(9,574)
Net loss:(4,583)(5,729)(7,389)(8,406)(13,284)(9,574)
Other undisclosed net income attributable to parent  50060  1,150
Net loss available to common stockholders, diluted:(4,583)(5,229)(7,329)(8,406)(13,284)(8,424)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net loss:(4,583)(5,729)(7,389)(8,406)(13,284)(9,574)
Comprehensive loss, net of tax, attributable to parent:(4,583)(5,729)(7,389)(8,406)(13,284)(9,574)

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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