MJ Harvest, Inc. (MJHI) Financial Statements (2024 and earlier)

Company Profile

Business Address 9205 W RUSSELL RD
LAS VEGAS, NV 89139
State of Incorp. NV
Fiscal Year End May 31
Industry (SIC) 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50764182422
Cash and cash equivalents50764182422
Receivables 1,068  131638
Inventory, net of allowances, customer advances and progress billings960484197912818
Inventory960484197912818
Deposits current assets      11
Other undisclosed current assets(1,019)482010  
Total current assets:1,0596092581226890
Noncurrent Assets
Operating lease, right-of-use asset3,5893,737288   
Property, plant and equipment324328377810
Long-term investments and receivables 66     
Due from related parties66     
Intangible assets, net (including goodwill)109113117121124128
Intangible assets, net (excluding goodwill)109113117121124128
Other undisclosed noncurrent assets3,6673,7343,0923,0923,0922,792
Total noncurrent assets:7,7567,9123,5333,2193,2242,929
TOTAL ASSETS:8,8158,5213,7913,3423,2933,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:      
Accrued liabilities      
Other undisclosed accounts payable and accrued liabilities      
Debt3,0501,755108900900800
Due to related parties1,611 278 1,611 
Other undisclosed current liabilities3771,340287460(1,284)277
Total current liabilities:5,0383,0956731,3601,2271,077
Noncurrent Liabilities
Long-term debt and lease obligation3,2933,135247   
Long-term debt, excluding current maturities 321     
Finance lease, liability2,9723,135    
Liabilities, other than long-term debt   1501,7411,6111,452
Due to related parties  1501,7411,6111,452
Operating lease, liability   247   
Other undisclosed noncurrent liabilities664362,000103119214
Total noncurrent liabilities:3,3593,5712,3981,8441,7301,666
Total liabilities:8,3986,6663,0713,2052,9582,743
Equity
Equity, attributable to parent4171,855720137335276
Common stock443333
Additional paid in capital14,82414,82412,69110,98910,86010,312
Accumulated deficit(14,412)(12,974)(11,974)(10,856)(10,528)(10,038)
Total equity:4171,855720137335276
TOTAL LIABILITIES AND EQUITY:8,8158,5213,7913,3423,2933,020

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

2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
Revenues1244525244875
Cost of revenue(35)(83)(135)(14)(16)(20)
Gross profit:89(38)(110)103255
Operating expenses(576)(347)(649)(303)(389)(516)
Other undisclosed operating loss     (133) 
Operating loss:(487)(386)(759)(293)(490)(462)
Nonoperating income951     
Interest and debt expense(873)(614)(132)(34)(133)(479)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (1,005)   
Loss from continuing operations:(408)(1,000)(1,896)(327)(623)(940)
Loss before gain (loss) on sale of properties:(1,000)(1,896)(327)(623)(940)
Other undisclosed net loss   (2,737)   
Net loss:(408)(1,000)(4,633)(327)(623)(940)
Other undisclosed net income (loss) attributable to parent(1,030) 3,515 133 
Net loss available to common stockholders, diluted:(1,438)(1,000)(1,118)(327)(490)(940)

Comprehensive Income ($ in thousands)

2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
11/30/2021
Q2
8/31/2021
Q1
Net loss:(408)(1,000)(4,633)(327)(623)(940)
Comprehensive loss, net of tax, attributable to parent:(408)(1,000)(4,633)(327)(623)(940)

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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