Sugarmade, Inc. (SGMD) Financial Statements (2024 and earlier)

Company Profile

Business Address 750 ROYAL OAKS DR. STE. 108
MONROVIA, CA 91016
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 511 - Paper And Paper Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1612,8494413442102
Cash and cash equivalents1611,3974413442102
Short-term investments  1,452    
Receivables30436124   
Inventory, net of allowances, customer advances and progress billings417442679356531568
Inventory417442679356531568
Prepaid expense      5
Disposal group, including discontinued operation      
Other current assets2571822632,720757190
Other undisclosed current assets219243405304611118
Total current assets:1,0834,1521,9133,4141,941984
Noncurrent Assets
Operating lease, right-of-use asset267486835
Property, plant and equipment3,6722,74949947719562
Long-term investments and receivables441637    
Long-term investments441441    
Accounts and financing receivable, after allowance for credit loss  196    
Intangible assets, net (including goodwill)11,40711,40810111373
Goodwill758758    
Intangible assets, net (excluding goodwill)10,64910,65010111373
Disposal group, including discontinued operation, noncurrent assets      
Other undisclosed noncurrent assets  25018,0243927
Total noncurrent assets:15,78615,2811,59418,512247162
Other undisclosed assets      
TOTAL ASSETS:16,87019,4333,50721,9262,1881,146
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6652,0591,5831,4311,7081,504
Employee-related liabilities  352587011
Accounts payable2,0801,465692420242223
Accrued liabilities334311495507493116
Other undisclosed accounts payable and accrued liabilities2512843614791031,153
Deferred revenue   5362
Debt956426202020 
Derivative instruments and hedges, liabilities5,5212,2175,5972,9923,0701,134
Disposal group, including discontinued operation      
Customer refund liability68604842  
Deferred revenue and credits 63
Due to related parties280164363030251
Customer advances and deposits 233
Other liabilities474750    
Other undisclosed current liabilities3,8313,1394,3432,6707,5543,061
Total current liabilities:13,7948,81511,6807,24712,3816,246
Noncurrent Liabilities
Long-term debt and lease obligation5,7565,847966   
Long-term debt, excluding current maturities5,7565,323198   
Liabilities, other than long-term debt291     
Operating lease, liability291524768
Other undisclosed noncurrent liabilities (524)(768)   
Total noncurrent liabilities:6,0465,847966   
Total liabilities:19,84114,66312,6467,24712,3816,246
Equity
Equity, attributable to parent, including:(2,319)4,870(9,128)14,679(10,193)(5,100)
Preferred stock   42  
Common stock11,8257,4031,763698246227
Additional paid in capital71,26164,84257,30861,03921,95320,768
Accumulated deficit(85,437)(74,364)(68,438)(47,089)(34,860)(28,563)
Stockholders' equity note, subscriptions receivable (10)(500)    
Other undisclosed equity, attributable to parent437,490236292,4682,468
Equity, attributable to noncontrolling interest(652)(100)(11)   
Other undisclosed equity    (19) 
Total equity:(2,971)4,770(9,139)14,679(10,212)(5,100)
Other undisclosed liabilities and equity     19 
TOTAL LIABILITIES AND EQUITY:16,87019,4333,50721,9262,1881,146

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

12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues2,8153,9794,3634,6384,4394,101
Cost of revenue
(Cost of Goods and Services Sold)
(1,900)(2,153)(2,852)(3,369)(3,226)(2,833)
Other undisclosed gross profit1,900     
Gross profit:2,8151,8261,5111,2691,2131,268
Operating expenses(8,029)(5,767)(13,636)(6,184)(2,546)(3,986)
Other undisclosed operating income0 0 91 
Operating loss:(5,214)(3,942)(12,126)(4,915)(1,242)(2,719)
Nonoperating expense(6,462)(2,091)(9,409)(7,314)(5,054)(1,995)
Investment income, nonoperating  314    
Interest and debt expense  (1,798)296(2,078)(352)
Loss from continuing operations before equity method investments, income taxes:(11,675)(6,033)(23,332)(11,933)(8,374)(5,066)
Loss from equity method investments (82)    
Other undisclosed loss from continuing operations before income taxes      
Loss from continuing operations:(11,675)(6,115)(23,332)(11,933)(8,374)(5,066)
Loss before gain (loss) on sale of properties:(6,115)(23,332)(11,933)(8,374)(5,066)
Other undisclosed net income (loss)  1,798   
Net loss:(11,675)(6,115)(21,535)(11,933)(8,374)(5,066)
Net income attributable to noncontrolling interest602188195   
Other undisclosed net income (loss) attributable to parent(0)  (296)2,078352
Net loss available to common stockholders, diluted:(11,073)(5,926)(21,339)(12,229)(6,296)(4,714)

Comprehensive Income ($ in thousands)

12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net loss:(11,675)(6,115)(21,535)(11,933)(8,374)(5,066)
Comprehensive loss:(11,675)(6,115)(21,535)(11,933)(8,374)(5,066)
Comprehensive income, net of tax, attributable to noncontrolling interest602188195   
Other undisclosed comprehensive loss, net of tax, attributable to parent(602)     
Comprehensive loss, net of tax, attributable to parent:(11,675)(5,926)(21,339)(11,933)(8,374)(5,066)

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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