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)

12/31/2017
Q3
9/30/2017
Q2
6/30/2017
Q1
3/31/2017
Q4
12/31/2016
Q3
9/30/2016
Q2
6/30/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100102105127107107
Cash and cash equivalents100102105127107107
Total current assets:100102105127107107
Noncurrent Assets
Property, plant and equipment789101112
Oil and gas property, full cost method151635586469
Other undisclosed noncurrent assets177177177177177177
Total noncurrent assets:199201221245252258
TOTAL ASSETS:298303325372359366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:229213208201219210
Interest and dividends payable459408358373317261
Employee-related liabilities   220220221 
Accounts payable154134133128149143
Accrued liabilities757976737067
Other undisclosed accounts payable and accrued liabilities(459)(408)(577)(593)(537)(261)
Debt149149149149149149
Due to related parties248239240240241231
Other undisclosed current liabilities566506445385328272
Total current liabilities:1,1921,1071,042974937862
Noncurrent Liabilities
Liabilities, other than long-term debt158154150146143140
Asset retirement obligations158154150146143140
Total noncurrent liabilities:158154150146143140
Total liabilities:1,3501,2611,1921,1201,0801,002
Equity
Equity, attributable to parent, including:(1,241)(1,150)(1,000)(921)(772)(687)
Preferred stock000000
Common stock181818181818
Additional paid in capital32,99332,99332,99332,99332,99332,993
Accumulated deficit(34,253)(34,162)(34,012)(33,933)(33,784)(33,699)
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest1901911331735151
Total equity:(1,052)(958)(867)(748)(721)(636)
TOTAL LIABILITIES AND EQUITY:298303325372359366

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

12/31/2017
Q3
9/30/2017
Q2
6/30/2017
Q1
3/31/2017
Q4
12/31/2016
Q3
9/30/2016
Q2
6/30/2016
Q1
Revenues   (49)   
Other undisclosed gross profit   62   
Gross profit:   13   
Operating expenses(40)(36)123(141)(34)(47)
Other undisclosed operating income (loss)1418(5)231121
Operating income (loss):(30)(24)132(121)(25)(29)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (258)   
Loss from continuing operations before equity method investments, income taxes:(30)(24)(127)(121)(25)(29)
Other undisclosed loss from continuing operations before income taxes(3)(6)(6)(3)(3)(3)
Loss from continuing operations:(33)(31)(133)(124)(28)(32)
Loss before gain (loss) on sale of properties:(61)(45)(133)(217)(57)(64)
Loss from discontinued operations(28)(14) (93)(28)(32)
Net loss:(61)(45)(133)(217)(57)(64)
Net income attributable to noncontrolling interest00 3200
Other undisclosed net income (loss) attributable to parent2814 61(4)32
Net loss attributable to parent:(33)(31)(133)(124)(61)(32)
Preferred stock dividends and other adjustments(61)(61)(77)(57)(56)(56)
Other undisclosed net income available to common stockholders, basic00832320
Net loss available to common stockholders, diluted:(93)(91)(201)(149)(84)(88)

Comprehensive Income ($ in thousands)

12/31/2017
Q3
9/30/2017
Q2
6/30/2017
Q1
3/31/2017
Q4
12/31/2016
Q3
9/30/2016
Q2
6/30/2016
Q1
Net loss:(61)(45)(133)(217)(57)(64)
Comprehensive loss:(61)(45)(133)(217)(57)(64)
Comprehensive income, net of tax, attributable to noncontrolling interest00 3200
Other undisclosed comprehensive loss, net of tax, attributable to parent   (31,264)   
Comprehensive loss, net of tax, attributable to parent:(61)(45)(31,397)(185)(57)(64)

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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