Right On Brands, Inc. (RTON) Financial Statements (2025 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) (USD)
| 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 28,056 | 45,780 | 67,153 | 90,883 | 47,506 | 130,787 | |||
| Cash and cash equivalent | 28,056 | 45,780 | 67,153 | 90,883 | 47,506 | 130,787 | |||
| Receivables | 7,169 | 24,184 | 2,897 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 114,944 | 73,553 | 15,536 | 213,957 | 14,044 | 26,144 | |||
| Inventory | 114,944 | 73,553 | 15,536 | 213,957 | 14,044 | 26,144 | |||
| Prepaid expense | 6,000 | 34,862 | 16,546 | 8,833 | |||||
| Deposits current assets | 2,000 | 2,000 | |||||||
| Other current assets | 3,221 | 3,221 | |||||||
| Other undisclosed current assets | 1,222,973 | ||||||||
| Total current assets: | 152,221 | 122,554 | 124,720 | 329,024 | 1,305,966 | 167,764 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 66,425 | 93,000 | 91,200 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 15,485 | 21,085 | 21,132 | 27,451 | 12,237 | 13,159 | |||
| Intangible assets, net (including goodwill) | 307 | 768 | 870 | 1,024 | |||||
| Intangible assets, net (excluding goodwill) | 307 | 768 | 870 | 1,024 | |||||
| Prepaid expense | 93,681 | ||||||||
| Other undisclosed noncurrent assets | 1,635,484 | ||||||||
| Total noncurrent assets: | 81,910 | 114,085 | 112,639 | 28,219 | 1,742,272 | 14,183 | |||
| TOTAL ASSETS: | 234,131 | 236,639 | 237,359 | 357,243 | 3,048,238 | 181,947 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 154,606 | 208,775 | 180,561 | 97,026 | 21,333 | 3,927 | |||
| Interest and dividends payable | ✕ | 32,883 | 81,977 | 71,318 | 30,337 | 4,622 | 3,927 | ||
| Accounts payable | 56,723 | 126,798 | 109,243 | 66,689 | 16,711 | 10,154 | |||
| Accrued liabilities | 65,000 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | (10,154) | ||||||||
| Deferred revenue | ✕ | ✕ | ✕ | ||||||
| Debt | 118,882 | 436,600 | 344,600 | 609,000 | 46,890 | 68,000 | |||
| Derivative instruments and hedges, liabilities | 1,034,939 | ||||||||
| Other undisclosed current liabilities | 484,083 | 932,487 | 1,850,038 | 347,473 | 20,023 | ||||
| Total current liabilities: | 757,571 | 1,577,862 | 2,375,199 | 2,088,438 | 68,223 | 91,950 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 42,488 | 69,000 | 45,600 | ||||||
| Finance lease, liability | 42,488 | 69,000 | 45,600 | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 42,488 | 69,000 | 45,600 | ||||||
| Total liabilities: | 800,059 | 1,646,862 | 2,420,799 | 2,088,438 | 68,223 | 91,950 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (590,365) | (1,410,223) | (2,183,440) | (1,731,195) | 2,980,015 | 89,997 | |||
| Preferred stock | 5,000 | 5,000 | |||||||
| Common stock | 5,924,802 | 5,474,979 | 999,516 | 73,653 | 63,544 | 50,216 | |||
| Additional paid in capital | 9,197,980 | 8,546,492 | 10,382,366 | 8,295,767 | 6,513,979 | 2,867,580 | |||
| Accumulated deficit | (15,769,967) | (15,512,951) | (13,661,579) | (10,186,102) | (4,100,945) | (3,296,799) | |||
| Other undisclosed equity, attributable to parent | 51,820 | 81,257 | 91,257 | 85,487 | 503,437 | 469,000 | |||
| Equity, attributable to noncontrolling interest | 24,437 | 24,437 | 24,437 | 24,437 | |||||
| Other undisclosed equity | (48,874) | (24,437) | (48,874) | (48,874) | |||||
| Total equity: | (565,928) | (1,434,660) | (2,207,877) | (1,755,632) | 2,955,578 | 89,997 | |||
| Other undisclosed liabilities and equity | 24,437 | 24,437 | 24,437 | 24,437 | |||||
| TOTAL LIABILITIES AND EQUITY: | 234,131 | 236,639 | 237,359 | 357,243 | 3,048,238 | 181,947 | |||
Income Statement (P&L) (USD)
| 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 997,100 | 77,960 | 328,580 | 255,821 | 9,343 | 587 | ||
| Cost of revenue (Cost of Product and Service Sold) | (557,088) | (56,709) | (307,280) | (168,918) | (7,424) | |||
| Gross profit: | 440,012 | 21,251 | 21,300 | 86,903 | 1,919 | 587 | ||
| Operating expenses | (495,697) | (422,684) | (968,540) | (5,103,370) | (166,151) | |||
| Other operating income, net | 1,068,691 | |||||||
| Operating income (loss): | (55,685) | (401,433) | (947,240) | (3,947,776) | 1,919 | (165,564) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 201,331 | (1,449,939) | (2,528,237) | (2,772,715) | ||||
| Interest and debt expense | (25,636) | (80,253) | 7,800 | (459,062) | (5,374) | (2,770,451) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 120,010 | (1,931,625) | (3,467,677) | (4,406,838) | (3,455) | (5,708,730) | ||
| Other undisclosed loss from continuing operations before income taxes | (7,800) | (1,678,319) | ||||||
| Income (loss) from continuing operations before income taxes: | 120,010 | (1,931,625) | (3,475,477) | (6,085,157) | (3,455) | (5,708,730) | ||
| Income tax benefit | 304,000 | |||||||
| Income (loss) from continuing operations: | 120,010 | (1,931,625) | (3,475,477) | (5,781,157) | (3,455) | (5,708,730) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 120,010 | (1,931,625) | (3,475,477) | (5,781,157) | (3,455) | (5,708,730) | |
| Other undisclosed net income | 136,990 | |||||||
| Net income (loss): | 257,000 | (1,931,625) | (3,475,477) | (5,781,157) | (3,455) | (5,708,730) | ||
| Net loss attributable to noncontrolling interest | (804,146) | |||||||
| Other undisclosed net income (loss) attributable to parent | (514,016) | 80,253 | (304,000) | 3,455 | 2,770,451 | |||
| Net income (loss) available to common stockholders, diluted: | (257,016) | (1,851,372) | (3,475,477) | (6,085,157) | (804,146) | (2,938,279) | ||
Comprehensive Income (USD)
| 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 257,000 | (1,931,625) | (3,475,477) | (5,781,157) | (3,455) | (5,708,730) | ||
| Other undisclosed comprehensive income | 16 | 80,253 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 257,016 | (1,851,372) | (3,475,477) | (5,781,157) | (3,455) | (5,708,730) | ||
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.