Gilla Inc (GLLA) financial statements (2021 and earlier)

Company profile

Business Address 475 FENTRESS BLVD.
DAYTONA BEACH, FL 32114
State of Incorp. NV
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4246276314
Cash and cash equivalents4246276314
Receivables174211232281168
Inventory, net of allowances, customer advances and progress billings601527451404556
Inventory601527451404556
Other current assets258353176365454
Total current assets:1,0751,0959221,1251,492
Noncurrent Assets
Property, plant and equipment23425028633787
Intangible assets, net (including goodwill)2,9903,0293,0683,2331,027
Goodwill2,3772,3772,3773,106889
Intangible assets, net (excluding goodwill)613652692127138
Other undisclosed noncurrent assets45566
Total noncurrent assets:3,2283,2833,3593,5751,120
TOTAL ASSETS:4,3034,3794,2814,7002,612
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7053,3542,6072,3791,961
Accounts payable3,0122,6332,1881,9561,593
Accrued liabilities693721419423369
Debt1,8691,7611,5501,3051,931
Due to related parties2,5644052532,166931
Other undisclosed current liabilities2,8651,3261,1712,4091,147
Total current liabilities:11,0046,8455,5818,2605,971
Noncurrent Liabilities
Long-term debt and lease obligation1919534636830
Long-term debt, excluding current maturities1919534636830
Liabilities, other than long-term debt 2,7592,751 1,061
Accounts payable and accrued liabilities 512469  
Due to related parties 2,2472,282 1,061
Other undisclosed noncurrent liabilities1,3762,0422,1591,547617
Total noncurrent liabilities:1,5674,8965,2561,9151,708
Total liabilities:12,57011,74110,83610,1757,678
Stockholders' equity
Stockholders' equity attributable to parent, including:(8,268)(7,363)(6,555)(5,475)(5,066)
Common stock2929272726
Additional paid in capital13,75313,66812,75912,22211,429
Accumulated other comprehensive income4712787316178
Accumulated deficit(22,543)(21,360)(19,899)(17,763)(16,782)
Other undisclosed stockholders' equity attributable to parent23234852383
Total stockholders' equity:(8,268)(7,363)(6,555)(5,475)(5,066)
TOTAL LIABILITIES AND EQUITY:4,3034,3794,2814,7002,612

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

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
Revenues8411,2661,0151,0761,266
Revenue, net1,2661,015  
Cost of revenue
(Cost of Goods and Services Sold)
(309)(529)(148)(452)(494)
Gross profit:532737867624772
Operating expenses(1,381)(1,748)(1,979)(1,417)(2,530)
Operating loss:(849)(1,011)(1,112)(793)(1,758)
Nonoperating expense(334)(451)(1,132)(187)(875)
Foreign currency transaction loss, before tax(27)(81)(47)(154)(65)
Interest and debt expense(307)(310)(301)(247)(220)
Loss from continuing operations before income taxes:(1,491)(1,771)(2,545)(1,228)(2,853)
Other undisclosed income from continuing operations  108  
Net loss:(1,491)(1,771)(2,437)(1,228)(2,853)
Other undisclosed net income attributable to parent307310301247220
Net loss available to common stockholders, diluted:(1,183)(1,461)(2,136)(981)(2,633)

Comprehensive Income ($ in thousands)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
Net loss:(1,491)(1,771)(2,437)(1,228)(2,853)
Comprehensive loss:(1,491)(1,771)(2,437)(1,228)(2,853)
Other undisclosed comprehensive income, net of tax, attributable to parent50151535885120
Comprehensive loss, net of tax, attributable to parent:(990)(1,256)(2,079)(1,143)(2,733)

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.

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