MJ Holdings, Inc. (MJNE) Financial Statements (2024 and earlier)

Company Profile

Business Address 2580 S. SORREL ST.,
LAS VEGAS, NV 89146
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3414,699268173572,514
Cash and cash equivalents1,3414,69911823572,514
Short-term investments   150150  
Receivables223548912  
Inventory, net of allowances, customer advances and progress billings (1,770)(1,770)  1,588 
Inventory (1,770)(1,770)  1,588 
Prepaid expense63 7144774816
Other current assets    156  
Other undisclosed current assets 1,7701,770  338 
Total current assets:1,6265,2489918182,4632,519
Noncurrent Assets
Operating lease, right-of-use asset   1,9792,194
Property, plant and equipment2,4952,5794,1564,5742,62918
Intangible assets, net (including goodwill)   300300300300
Intangible assets, net (excluding goodwill)   300300300300
Deposits noncurrent assets1,0101,0166529013942
Disposal group, including discontinued operation, noncurrent assets      1
Other undisclosed noncurrent assets     150 
Total noncurrent assets:3,5053,5956,5007,3583,218361
TOTAL ASSETS:5,1318,8437,4908,1765,6812,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3121,7502,3831,07661970
Taxes payable277    
Accrued liabilities277     
Other undisclosed accounts payable and accrued liabilities1,0351,4732,3831,07661970
Deferred revenue1,3601,404539 
Debt 9869151,1851,250313900
Other liabilities   1,328   
Due to related parties  300   
Other undisclosed current liabilities499320241679386 
Total current liabilities:4,1574,3905,9773,0041,319970
Noncurrent Liabilities
Long-term debt and lease obligation 6862,8113,0611,036 
Long-term debt, excluding current maturities  9229301,036 
Liabilities, other than long-term debt 599   204105
Deferred rent credit     204105
Operating lease, liability 5996861,8902,131
Other undisclosed noncurrent liabilities  (686)(1,890)(2,131)  
Total noncurrent liabilities:5996862,8113,0611,240105
Total liabilities:4,7565,0768,7896,0652,5591,075
Equity
Equity, attributable to parent, including:4873,879(1,186)2,2153,1221,805
Common stock797269657163
Common stock, value, subscriptions      400
Additional paid in capital22,26120,28018,74918,17810,9221,705
Accumulated deficit(21,853)(16,473)(20,003)(16,038)(7,870)(363)
Other undisclosed equity, attributable to parent00 10  
Equity, attributable to noncontrolling interest(112)(112)(112)(104)  
Total equity:3753,766(1,298)2,1113,1221,805
TOTAL LIABILITIES AND EQUITY:5,1318,8437,4908,1765,6812,880

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3622428238988 
Gain on disposition of assets for financial service operations  260   
Other income  2,416 421  
Cost of revenue   (1,207)(1,188)(10) 
Gross profit:362242(384)(290)(2) 
Operating expenses(3,787)(8,889)(4,648)(8,350)(4,814)(270)
Other undisclosed operating income   1,2071,18810 
Operating loss:(3,424)(8,647)(3,825)(7,452)(4,806)(270)
Nonoperating income (expense)(1,956)12,454(148)(820)(202) 
Investment income, nonoperating 1202018 (187) 
Debt instrument, convertible, beneficial conversion feature    2,500  
Other nonoperating income (expense)(71)     
Interest and debt expense(78)(111)(167)(128) (65)
Other undisclosed income from continuing operations before equity method investments, income taxes   167   
Income (loss) from continuing operations before equity method investments, income taxes:(5,458)3,697(3,973)(8,400)(5,008)(335)
Other undisclosed income (loss) from continuing operations before income taxes78111 128  
Income (loss) from continuing operations before income taxes:(5,380)3,807(3,973)(8,272)(5,008)(335)
Income tax expense  (277)    
Income (loss) from continuing operations:(5,380)3,530(3,973)(8,272)(5,008)(335)
Income (loss) before gain (loss) on sale of properties:3,530(3,973)(8,272)(5,008)(335)
Net income (loss):(5,380)3,530(3,973)(8,272)(5,008)(335)
Net income attributable to noncontrolling interest   9   
Net income (loss) attributable to parent:(5,380)3,530(3,965)(8,272)(5,008)(335)
Preferred stock dividends and other adjustments     (2,500) 
Other undisclosed net income available to common stockholders, basic    104  
Net income (loss) available to common stockholders, diluted:(5,380)3,530(3,965)(8,168)(7,508)(335)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(5,380)3,530(3,973)(8,272)(5,008)(335)
Comprehensive income (loss):(5,380)3,530(3,973)(8,272)(5,008)(335)
Comprehensive income, net of tax, attributable to noncontrolling interest   9   
Comprehensive income (loss), net of tax, attributable to parent:(5,380)3,530(3,965)(8,272)(5,008)(335)

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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