Gala Pharmaceutical, Inc. (GLPH) financial statements (2021 and earlier)

Company profile

Business Address 18881 VON KARMAN AVE.
IRVINE, CA 92612
State of Incorp. NV
Fiscal Year End November 30
SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
2/28/2018
Q1
11/30/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66216158823908
Cash and cash equivalents37179116153908
Short-term investments29374268   
Inventory, net of allowances, customer advances and progress billings   2222
Inventory   2222
Prepaid expense27276911517426542
Other undisclosed current assets   10101010
Total current assets:9324322721022527862
Noncurrent Assets
Property, plant and equipment293393538414346
Total noncurrent assets:293393538414346
TOTAL ASSETS:386283262248266321108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:86978262614135
Settlement liabilities 6464    
Other undisclosed accounts payable and accrued liabilities86331862614135
Debt425282 279287287374
Derivative instruments and hedges, liabilities   833391391453
Due to related parties   12312312348
Total current liabilities:511379821,297863843910
Noncurrent Liabilities
Other undisclosed liabilities2,9541,2541,039158105112103
Total liabilities:3,4641,6331,1211,4559679561,014
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,991)(1,281)(811)(1,198)(697)(635)(906)
Preferred stock1111111
Common stock108959259574836
Common stock, value, subscriptions7      
Additional paid in capital4,6934,3534,2913,6373,4923,1642,417
Deferred compensation equity(32)(74)(117)(125)(51)(45)(166)
Accumulated deficit(7,767)(5,655)(5,077)(4,907)(4,196)(3,802)(3,219)
Warrants and rights outstanding   6   
Other undisclosed stockholders' equity attributable to parent0  132  25
Stockholders' equity attributable to noncontrolling interest(87)(70)(47)(10)(4)  
Other undisclosed stockholders' equity(0)      
Total stockholders' equity:(3,079)(1,350)(859)(1,208)(702)(635)(906)
TOTAL LIABILITIES AND EQUITY:386283262248266321108

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

5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
2/28/2018
Q1
11/30/2017
Q4
Revenues    5  
Cost of revenue    (3) (50)
Gross profit:    1 (50)
Operating expenses(482)(231)(477)(309)(384)(548)(381)
Operating loss:(482)(231)(477)(309)(383)(548)(431)
Nonoperating income (expense)(1,649)(369)269(408)(15)(35)(501)
Investment income, nonoperating   72   
Interest and debt expense(36)173424(16)95 
Loss before gain (loss) on sale of properties:(2,167)(583)(174)(693)(414)(488)(932)
Other undisclosed net income (loss)36(17)(34)(24)16  
Net loss:(2,131)(599)(208)(717)(398)(488)(932)
Net income attributable to noncontrolling interest18223854  
Other undisclosed net income (loss) attributable to parent     (95)50
Net loss available to common stockholders, diluted:(2,113)(577)(170)(712)(394)(583)(882)

Comprehensive Income ($ in thousands)

5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
2/28/2018
Q1
11/30/2017
Q4
Net loss:(2,131)(599)(208)(717)(398)(488)(932)
Comprehensive loss:(2,131)(599)(208)(717)(398)(488)(932)
Comprehensive income, net of tax, attributable to noncontrolling interest18223854  
Comprehensive loss, net of tax, attributable to parent:(2,113)(577)(170)(712)(394)(488)(932)

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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