Growlife Inc (PHOT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11335 NE 122ND WAY KIRKLAND, WA 98034 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3231 - Glass Products, Made of Purchased Glass (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 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 | 94 | 364 | 383 | 41 | 2,334 | 69 | |||
| Cash and cash equivalents | 94 | 364 | 383 | 41 | 2,334 | 69 | |||
| Receivables | 367 | 961 | 102 | 42 | |||||
| Inventory, net of allowances, customer advances and progress billings | 1,300 | 571 | 601 | 793 | 466 | ||||
| Inventory | 1,300 | 571 | 601 | 793 | 466 | ||||
| Prepaid expense | 3 | ||||||||
| Advance royalties | 160 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Deposits current assets | 19 | 19 | 19 | 52 | 24 | ||||
| Other undisclosed current assets | 161 | ||||||||
| Total current assets: | 254 | 2,210 | 1,933 | 762 | 3,225 | 559 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 407 | 380 | 538 | ✕ | ✕ | ||||
| Property, plant and equipment | 250 | 129 | 166 | 713 | 303 | ||||
| Intangible assets, net (including goodwill) | 1,241 | 1,912 | 2,584 | 3,280 | |||||
| Goodwill | 782 | 782 | 782 | ||||||
| Intangible assets, net (excluding goodwill) | 459 | 1,131 | 1,802 | 3,280 | |||||
| Disposal group, including discontinued operation, noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 1,898 | 2,422 | 3,288 | 3,993 | 303 | ||||
| TOTAL ASSETS: | 254 | 4,108 | 4,355 | 4,050 | 7,218 | 862 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,060 | 1,923 | 4,082 | 1,416 | 1,316 | 955 | |||
| Taxes payable | ✕ | ✕ | 557 | 343 | |||||
| Accounts payable | 851 | 1,146 | 1,146 | 1,157 | 1,054 | 821 | |||
| Accrued liabilities | 210 | 219 | 2,592 | 259 | 262 | 134 | |||
| Debt | 3,619 | 3,066 | 2,823 | 3,413 | 3,015 | ||||
| Derivative instruments and hedges, liabilities | 2,687 | 1,698 | 1,101 | 1,301 | 1,795 | 2,660 | |||
| Business combination, contingent consideration, liability | 1,026 | 1,026 | 1,026 | ||||||
| Due to related parties | 49 | 104 | 100 | ||||||
| Other undisclosed current liabilities | 4,918 | 1,441 | 1,102 | 234 | 163 | 48 | |||
| Total current liabilities: | 8,665 | 9,706 | 10,427 | 6,904 | 6,788 | 6,678 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 229 | 751 | 411 | ||||||
| Long-term debt, excluding current maturities | 486 | ||||||||
| Liabilities, other than long-term debt | 106 | 353 | 1,370 | ||||||
| Deferred income tax liabilities | 106 | 353 | 470 | ✕ | ✕ | ||||
| Operating lease, liability | 229 | 265 | 411 | ✕ | ✕ | ||||
| Business combination, contingent consideration, liability | 900 | ||||||||
| Total noncurrent liabilities: | 335 | 1,103 | 1,781 | ||||||
| Total liabilities: | 8,665 | 10,042 | 11,530 | 8,685 | 6,788 | 6,678 | |||
| Equity | |||||||||
| Equity, attributable to parent | (8,411) | (5,934) | (7,174) | (4,634) | (1,501) | (5,816) | |||
| Common stock | 1 | 395 | 389 | 386 | 344 | 237 | |||
| Additional paid in capital | 156,385 | 153,985 | 147,278 | 143,441 | 139,331 | 123,678 | |||
| Accumulated deficit | (164,797) | (160,314) | (154,841) | (148,462) | (141,176) | (129,731) | |||
| Equity, attributable to noncontrolling interest | 1,932 | ||||||||
| Total equity: | (8,411) | (5,934) | (7,174) | (4,634) | 430 | (5,816) | |||
| TOTAL LIABILITIES AND EQUITY: | 254 | 4,108 | 4,355 | 4,050 | 7,218 | 862 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,199 | 7,001 | 8,218 | 4,573 | 2,452 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,452 | |
| Cost of revenue | (3,406) | (4,021) | (5,668) | (4,105) | (2,181) | |||
| Cost of goods and services sold | (3,406) | (4,021) | (5,668) | (2,181) | ||||
| Gross profit: | 2,793 | 2,980 | 2,549 | 468 | 272 | |||
| Operating expenses | (1,341) | (4,318) | (4,870) | (7,316) | (5,017) | (2,320) | ||
| Other undisclosed operating loss | (250) | (0) | ||||||
| Operating loss: | (1,341) | (1,525) | (1,890) | (5,017) | (4,549) | (2,049) | ||
| Nonoperating expense | (2,923) | (3,925) | (4,258) | (2,475) | (6,924) | (3,272) | ||
| Investment income, nonoperating | 199 | 495 | 978 | 496 | ||||
| Other nonoperating expense | (2,923) | |||||||
| Interest and debt expense | 183 | 1,025 | (2,423) | (422) | (204) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations before equity method investments, income taxes: | (4,081) | (4,425) | (8,570) | (7,492) | (11,895) | (5,525) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (183) | 4,402 | 2,423 | 422 | 204 | |||
| Loss from continuing operations before income taxes: | (4,265) | (23) | (6,148) | (7,492) | (11,473) | (5,321) | ||
| Income tax expense (benefit) | (23) | (232) | 118 | |||||
| Other undisclosed income from continuing operations | ||||||||
| Loss from continuing operations: | (4,265) | (45) | (6,380) | (7,374) | (11,473) | (5,321) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (45) | (6,380) | (7,374) | (11,473) | (5,321) | ||
| Loss from discontinued operations | (1,931) | |||||||
| Other undisclosed net income (loss) | 1,713 | (5,428) | ||||||
| Net loss: | (4,483) | (5,473) | (6,380) | (7,374) | (11,473) | (5,321) | ||
| Net income attributable to noncontrolling interest | 89 | 28 | ||||||
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net loss available to common stockholders, diluted: | (4,483) | (5,473) | (6,380) | (7,285) | (11,445) | (5,321) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (4,483) | (5,473) | (6,380) | (7,374) | (11,473) | (5,321) | ||
| Comprehensive loss: | (4,483) | (5,473) | (6,380) | (7,374) | (11,473) | (5,321) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 89 | 28 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (4,483) | (5,473) | (6,380) | (7,285) | (11,445) | (5,321) | ||
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.