Right On Brands, Inc. (RTON) Financial Statements (2024 and earlier)

Company Profile

Business Address 6501 DALROCK ROAD, SUITE 100
ROWLETT, TX 75089
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 59 - Miscellaneous Retail (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments332846679148
Cash and cash equivalents332846679148
Receivables2  7243
Inventory, net of allowances, customer advances and progress billings116115741621414
Inventory116115741621414
Prepaid expense  6 35 17
Deposits current assets      2
Other current assets333   
Other undisclosed current assets     1,223
Total current assets:1541521231253291,306
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization42669391
Property, plant and equipment101521212712
Intangible assets, net (including goodwill)    011
Intangible assets, net (excluding goodwill)    011
Prepaid expense      94
Other undisclosed noncurrent assets      1,635
Total noncurrent assets:5282114113281,742
TOTAL ASSETS:2072342372373573,048
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1821552091819721
Interest and dividends payable338271305
Accounts payable77571271096717
Accrued liabilities10465    
Deferred revenue 13   
Debt46311943734560947
Derivative instruments and hedges, liabilities    1,035 
Other undisclosed current liabilities284849321,850347 
Total current liabilities:6857581,5782,3752,08868
Noncurrent Liabilities
Long-term debt and lease obligation19426946  
Finance lease, liability19426946
Total noncurrent liabilities:19426946  
Total liabilities:7048001,6472,4212,08868
Equity
Equity, attributable to parent, including:(521)(590)(1,410)(2,183)(1,731)2,980
Preferred stock55 5  
Common stock6,3755,9255,4751,0007464
Additional paid in capital8,8459,1988,54610,3828,2966,514
Accumulated deficit(15,761)(15,770)(15,513)(13,662)(10,186)(4,101)
Other undisclosed equity, attributable to parent 1552819185503
Equity, attributable to noncontrolling interest 242424 2424
Other undisclosed equity  (49)(24)(49)(49)
Total equity:(497)(566)(1,435)(2,208)(1,756)2,956
Other undisclosed liabilities and equity   24242424
TOTAL LIABILITIES AND EQUITY:2072342372373573,048

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

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues1,136997783292569
Cost of revenue
(Cost of Goods and Services Sold)
(530)(557)(57)(307)(169)(7)
Gross profit:6054402121872
Operating expenses(741)(496)(423)(969)(5,103) 
Other operating income, net     1,069 
Operating income (loss):(136)(56)(401)(947)(3,948)2
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
145201(1,450)(2,528)  
Interest and debt expense(15)(26)(80)8(459)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(6)120(1,932)(3,468)(4,407)(3)
Other undisclosed loss from continuing operations before income taxes    (8)(1,678) 
Income (loss) from continuing operations before income taxes:(6)120(1,932)(3,475)(6,085)(3)
Income tax benefit     304 
Income (loss) from continuing operations:(6)120(1,932)(3,475)(5,781)(3)
Income (loss) before gain (loss) on sale of properties:120(1,932)(3,475)(5,781)(3)
Other undisclosed net income15137    
Net income (loss):9257(1,932)(3,475)(5,781)(3)
Net loss attributable to noncontrolling interest      (804)
Other undisclosed net income (loss) attributable to parent (514)80 (304)3
Net income (loss) available to common stockholders, diluted:9(257)(1,851)(3,475)(6,085)(804)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):9257(1,932)(3,475)(5,781)(3)
Other undisclosed comprehensive income 080   
Comprehensive income (loss), net of tax, attributable to parent:9257(1,851)(3,475)(5,781)(3)

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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