MJ Holdings, Inc. (MJNE) Financial Statements (2025 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 investments | 1,341 | 4,699 | 268 | 173 | 57 | 2,514 | |||
| Cash and cash equivalents | 1,341 | 4,699 | 118 | 23 | 57 | 2,514 | |||
| Short-term investments | 150 | 150 | |||||||
| Receivables | 223 | 548 | 9 | 12 | |||||
| Inventory, net of allowances, customer advances and progress billings | (1,770) | (1,770) | 1,588 | ||||||
| Inventory | (1,770) | (1,770) | 1,588 | ||||||
| Prepaid expense | 63 | 714 | 477 | 481 | 6 | ||||
| Other current assets | 156 | ||||||||
| Other undisclosed current assets | 1,770 | 1,770 | 338 | ||||||
| Total current assets: | 1,626 | 5,248 | 991 | 818 | 2,463 | 2,519 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,979 | 2,194 | ✕ | ✕ | |||||
| Property, plant and equipment | 2,495 | 2,579 | 4,156 | 4,574 | 2,629 | 18 | |||
| Intangible assets, net (including goodwill) | 300 | 300 | 300 | 300 | |||||
| Intangible assets, net (excluding goodwill) | 300 | 300 | 300 | 300 | |||||
| Deposits noncurrent assets | 1,010 | 1,016 | 65 | 290 | 139 | 42 | |||
| Disposal group, including discontinued operation, noncurrent assets | 1 | ||||||||
| Other undisclosed noncurrent assets | 150 | ||||||||
| Total noncurrent assets: | 3,505 | 3,595 | 6,500 | 7,358 | 3,218 | 361 | |||
| TOTAL ASSETS: | 5,131 | 8,843 | 7,490 | 8,176 | 5,681 | 2,880 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,312 | 1,750 | 2,383 | 1,076 | 619 | 70 | |||
| Taxes payable | ✕ | ✕ | 277 | ||||||
| Accrued liabilities | 277 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 1,035 | 1,473 | 2,383 | 1,076 | 619 | 70 | |||
| Deferred revenue | 1,360 | 1,404 | 539 | ✕ | ✕ | ||||
| Debt | 986 | 915 | 1,185 | 1,250 | 313 | 900 | |||
| Other liabilities | 1,328 | ||||||||
| Due to related parties | ✕ | 300 | |||||||
| Other undisclosed current liabilities | 499 | 320 | 241 | 679 | 386 | ||||
| Total current liabilities: | 4,157 | 4,390 | 5,977 | 3,004 | 1,319 | 970 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 686 | 2,811 | 3,061 | 1,036 | |||||
| Long-term debt, excluding current maturities | 922 | 930 | 1,036 | ||||||
| Liabilities, other than long-term debt | 599 | 204 | 105 | ||||||
| Deferred rent credit | 204 | 105 | |||||||
| Operating lease, liability | 599 | 686 | 1,890 | 2,131 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (686) | (1,890) | (2,131) | ||||||
| Total noncurrent liabilities: | 599 | 686 | 2,811 | 3,061 | 1,240 | 105 | |||
| Total liabilities: | 4,756 | 5,076 | 8,789 | 6,065 | 2,559 | 1,075 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 487 | 3,879 | (1,186) | 2,215 | 3,122 | 1,805 | |||
| Common stock | 79 | 72 | 69 | 65 | 71 | 63 | |||
| Common stock, value, subscriptions | 400 | ||||||||
| Additional paid in capital | 22,261 | 20,280 | 18,749 | 18,178 | 10,922 | 1,705 | |||
| Accumulated deficit | (21,853) | (16,473) | (20,003) | (16,038) | (7,870) | (363) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 10 | ||||||
| Equity, attributable to noncontrolling interest | (112) | (112) | (112) | (104) | |||||
| Total equity: | 375 | 3,766 | (1,298) | 2,111 | 3,122 | 1,805 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,131 | 8,843 | 7,490 | 8,176 | 5,681 | 2,880 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 362 | 242 | 823 | 898 | 8 | |||
| 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: | 362 | 242 | (384) | (290) | (2) | |||
| Operating expenses | (3,787) | (8,889) | (4,648) | (8,350) | (4,814) | (270) | ||
| Other undisclosed operating income | 1,207 | 1,188 | 10 | |||||
| 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 | 120 | 20 | 18 | (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 taxes | 78 | 111 | 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.