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) (USD)Annual | Quarterly
| 6/30/2024 Q1 | 3/31/2024 Q4 | 12/31/2023 Q3 | 9/30/2023 Q2 | 12/31/2017 Q3 | 9/30/2017 Q2 | 6/30/2017 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,688 | 2,150 | 2,846 | 99,380 | 99,629 | 102,024 | |||
| Cash and cash equivalents | 1,688 | 2,150 | 2,846 | 99,380 | 99,629 | 102,024 | |||
| Receivables | 25 | 25 | |||||||
| Prepaid expense | 454 | 330 | 352 | ||||||
| Total current assets: | 2,142 | 2,505 | 3,223 | 99,380 | 99,629 | 102,024 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,662 | 6,795 | 7,927 | ||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 13,775 | 14,997 | 15,582 | ||||||
| Other undisclosed noncurrent assets | 177,000 | 177,000 | 177,000 | ||||||
| Total noncurrent assets: | 196,437 | 198,792 | 200,509 | ||||||
| TOTAL ASSETS: | 2,142 | 2,505 | 3,223 | 295,817 | 298,421 | 302,533 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 91,172 | 76,694 | 44,940 | 234,955 | 229,223 | 212,740 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 509,429 | 458,807 | 408,185 | ||
| Accounts payable | 157,091 | 154,144 | 134,092 | ||||||
| Accrued liabilities | 218,470 | 163,853 | 128,913 | 77,864 | 75,079 | 78,648 | |||
| Other undisclosed accounts payable and accrued liabilities | (127,298) | (87,159) | (83,973) | (509,429) | (458,807) | (408,185) | |||
| Debt | 100,000 | 149,200 | 149,200 | 149,200 | |||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 252,017 | 247,537 | 239,387 | ||
| Other undisclosed current liabilities | 671,527 | 575,295 | 497,355 | 626,797 | 566,175 | 505,553 | |||
| Total current liabilities: | 762,699 | 651,989 | 642,295 | 1,262,969 | 1,192,135 | 1,106,880 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 161,579 | 157,822 | 154,064 | ||||||
| Asset retirement obligations | 161,579 | 157,822 | 154,064 | ||||||
| Total noncurrent liabilities: | 161,579 | 157,822 | 154,064 | ||||||
| Total liabilities: | 762,699 | 651,989 | 642,295 | 1,424,548 | 1,349,957 | 1,260,944 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (760,557) | (649,484) | (639,072) | (1,316,672) | (1,241,127) | (1,149,652) | |||
| Preferred stock | 10 | 10 | 10 | ||||||
| Common stock | 59,643 | 59,643 | 58,643 | 18,198 | 18,198 | 18,198 | |||
| Additional paid in capital | 34,026,869 | 33,951,511 | 33,932,511 | 32,993,499 | 32,993,499 | 32,993,499 | |||
| Accumulated deficit | (34,847,277) | (34,660,846) | (34,630,434) | (34,328,577) | (34,253,032) | (34,161,557) | |||
| Other undisclosed equity, attributable to parent | 208 | 208 | 208 | 198 | 198 | 198 | |||
| Equity, attributable to noncontrolling interest | 187,941 | 189,591 | 191,241 | ||||||
| Total equity: | (760,557) | (649,484) | (639,072) | (1,128,731) | (1,051,536) | (958,411) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,142 | 2,505 | 3,223 | 295,817 | 298,421 | 302,533 | |||
Income Statement (P&L) (USD)Annual | Quarterly
| 6/30/2024 Q1 | 3/31/2024 Q4 | 12/31/2023 Q3 | 9/30/2023 Q2 | 12/31/2017 Q3 | 9/30/2017 Q2 | 6/30/2017 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (111,558) | (55,472) | (24,906) | (42,334) | (40,387) | (35,848) | ||
| Other undisclosed operating income | 31,507 | 13,626 | 18,165 | |||||
| Operating loss: | (111,558) | (55,472) | (24,906) | (13,700) | (29,632) | (24,117) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (10,186) | 79,678 | (2,500) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (121,744) | 24,206 | (27,406) | (13,700) | (29,632) | (24,117) | ||
| Other undisclosed loss from continuing operations before income taxes | (2,873) | (2,871) | (6,434) | |||||
| Income (loss) from continuing operations: | (121,744) | 24,206 | (27,406) | (16,573) | (32,503) | (30,551) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (33,138) | (60,866) | (44,530) | |
| Loss from discontinued operations | (16,565) | (28,363) | (13,979) | |||||
| Other undisclosed net income | 48,334 | |||||||
| Net income (loss): | (73,410) | 24,206 | (27,406) | (33,138) | (60,866) | (44,530) | ||
| Net income attributable to noncontrolling interest | 8 | 8 | 8 | |||||
| Other undisclosed net income (loss) attributable to parent | (48,334) | 16,557 | 28,355 | 13,971 | ||||
| Net income (loss) attributable to parent: | (121,744) | 24,206 | (27,406) | (16,573) | (32,503) | (30,551) | ||
| Preferred stock dividends and other adjustments | (60,622) | (60,622) | (60,622) | |||||
| Other undisclosed net income (loss) available to common stockholders, basic | (54,617) | (54,618) | 8 | 8 | 8 | |||
| Net loss available to common stockholders, diluted: | (176,361) | (30,412) | (27,406) | (77,187) | (93,117) | (91,165) | ||
Comprehensive Income (USD)Annual | Quarterly
| 6/30/2024 Q1 | 3/31/2024 Q4 | 12/31/2023 Q3 | 9/30/2023 Q2 | 12/31/2017 Q3 | 9/30/2017 Q2 | 6/30/2017 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (73,410) | 24,206 | (27,406) | (33,138) | (60,866) | (44,530) | ||
| Comprehensive income (loss): | (73,410) | 24,206 | (27,406) | (33,138) | (60,866) | (44,530) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 8 | 8 | 8 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (73,410) | 24,206 | (27,406) | (33,130) | (60,858) | (44,522) | ||
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.