Groove Botanicals, Inc. (GRVE) Financial Statements (2024 and earlier)

Company Profile

Business Address 310 FOURTH AVENUE SOUTH
MINNEAPOLIS, MN 55415
State of Incorp. CO
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) ($ in thousands)

6/30/2024
MRQ
3/31/2024
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2105108136224130
Cash and cash equivalents2105108136224130
Receivables   (29)659085
Prepaid expense0    
Deferred costs   (405)373  
Other undisclosed current assets   433(4)302160
Total current assets:2105108569616375
Noncurrent Assets
Property, plant and equipment  9141842 
Oil and gas, full cost method, property and equipment, after accumulated depletion  3575239149173
Long-term investments and receivables     313
Accounts and financing receivable, after allowance for credit loss     313
Intangible assets, net (including goodwill)    5396138
Intangible assets, net (excluding goodwill)    5396138
Other undisclosed noncurrent assets  1771771,8671,8251,867
Total noncurrent assets:  2212652,1782,1152,191
TOTAL ASSETS:23253742,7472,7312,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:91208195434580631
Interest and dividends payable35820533  
Employee-related liabilities220205211  
Accounts payable  133131372375388
Accrued liabilities218766462204242
Other undisclosed accounts payable and accrued liabilities(127)(577)(411)(244)  
Debt  149149500500250
Due to related parties240225231  
Other undisclosed current liabilities672445215(232)(188)276
Total current liabilities:7631,0427859338921,157
Noncurrent Liabilities
Long-term debt and lease obligation     514865
Long-term debt, excluding current maturities     514865
Liabilities, other than long-term debt  150137124113103
Asset retirement obligations  150137124113103
Other undisclosed noncurrent liabilities     665 
Total noncurrent liabilities:  1501371241,292967
Total liabilities:7631,1929211,0572,1832,124
Equity
Equity, attributable to parent, including:(761)(1,000)(599)1,6901,212442
Preferred stock  0000 
Common stock60181817126
Additional paid in capital34,02732,99332,99332,57232,02429,759
Accumulated deficit(34,847)(34,012)(33,611)(30,899)(30,824)(29,973)
Other undisclosed equity, attributable to parent00000650
Equity, attributable to noncontrolling interest  13351   
Other undisclosed equity     (665) 
Total equity:(761)(867)(548)1,690548442
TOTAL LIABILITIES AND EQUITY:23253742,7472,7312,566

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

6/30/2024
TTM
3/31/2024
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues   53110156164
Revenue, net 53110156164
Cost of revenue
(Cost of Goods and Services Sold)
   (66)(100)(134)(125)
Gross profit:   (13)102239
Operating expenses(267)(294)(2,823)(484)(799)(738)
Other undisclosed operating income  6366100134125
Operating loss:(267)(237)(2,770)(374)(643)(574)
Nonoperating income (expense)64 266474(143)(175)
Other nonoperating income64  10  
Interest and debt expense   (283)382(86)(175)
Income (loss) from continuing operations before equity method investments, income taxes:(202)(237)(2,787)482(872)(924)
Other undisclosed income (loss) from continuing operations before income taxes  (6)283(382)86175
Income (loss) from continuing operations:(202)(243)(2,504)100(786)(749)
Income (loss) before gain (loss) on sale of properties:(243)(2,504)100(786)(749)
Other undisclosed net income48     
Net income (loss):(154)(243)(2,504)100(786)(749)
Net income attributable to noncontrolling interest  80   
Other undisclosed net loss attributable to parent(48)(8)(0)   
Net income (loss) attributable to parent:(202)(243)(2,504)100(786)(749)
Preferred stock dividends and other adjustments  (230)(208)(176)(65)(40)
Other undisclosed net income (loss) available to common stockholders, basic(218)80   
Net loss available to common stockholders, diluted:(421)(464)(2,712)(75)(851)(789)

Comprehensive Income ($ in thousands)

6/30/2024
TTM
3/31/2024
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income (loss):(154)(243)(2,504)100(786)(749)
Comprehensive income (loss):(154)(243)(2,504)100(786)(749)
Comprehensive income, net of tax, attributable to noncontrolling interest  80   
Comprehensive income (loss), net of tax, attributable to parent:(154)(235)(2,504)100(786)(749)

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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