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)Annual | Quarterly
12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 81 | 161 | 148 | 197 | 1,049 | 2,849 | |||
Cash and cash equivalents | 81 | 161 | 148 | 63 | 240 | 1,397 | |||
Short-term investments | 134 | 810 | 1,452 | ||||||
Receivables | 92 | 30 | 849 | 904 | 657 | 436 | |||
Inventory, net of allowances, customer advances and progress billings | 391 | 417 | 527 | 644 | 609 | 442 | |||
Inventory | 391 | 417 | 527 | 644 | 609 | 442 | |||
Disposal group, including discontinued operation | |||||||||
Other current assets | 333 | 257 | 253 | 185 | 218 | 182 | |||
Other undisclosed current assets | 188 | 219 | 250 | 256 | 249 | 243 | |||
Total current assets: | 1,086 | 1,083 | 2,027 | 2,185 | 2,783 | 4,152 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 233 | 267 | 299 | 355 | 422 | 486 | |||
Property, plant and equipment | 3,626 | 3,672 | 3,790 | 3,864 | 3,537 | 2,749 | |||
Long-term investments and receivables | 441 | 441 | 372 | 381 | 593 | 637 | |||
Long-term investments | 441 | 441 | 372 | 381 | 397 | 441 | |||
Accounts and financing receivable, after allowance for credit loss | 196 | 196 | |||||||
Intangible assets, net (including goodwill) | 11,406 | 11,407 | 10,913 | 11,406 | 11,407 | 11,408 | |||
Goodwill | 758 | 758 | 758 | 758 | 758 | 758 | |||
Intangible assets, net (excluding goodwill) | 10,648 | 10,649 | 10,155 | 10,648 | 10,649 | 10,650 | |||
Disposal group, including discontinued operation, noncurrent assets | |||||||||
Other undisclosed noncurrent assets | 30 | ||||||||
Total noncurrent assets: | 15,737 | 15,786 | 15,375 | 16,006 | 15,958 | 15,281 | |||
Other undisclosed assets | |||||||||
TOTAL ASSETS: | 16,823 | 16,870 | 17,402 | 18,192 | 18,742 | 19,433 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,696 | 2,665 | 2,589 | 2,422 | 2,185 | 2,059 | |||
Accounts payable | 2,118 | 2,080 | 2,003 | 1,858 | 1,569 | 1,465 | |||
Accrued liabilities | 327 | 334 | 327 | 305 | 354 | 311 | |||
Other undisclosed accounts payable and accrued liabilities | 251 | 251 | 259 | 259 | 262 | 284 | |||
Deferred revenue | 20 | ||||||||
Debt | 1,178 | 956 | 895 | 846 | 959 | 426 | |||
Derivative instruments and hedges, liabilities | 1,941 | 5,521 | 5,426 | 2,222 | 1,316 | 2,217 | |||
Disposal group, including discontinued operation | |||||||||
Customer refund liability | 80 | 68 | 69 | 75 | 62 | 60 | |||
Due to related parties | 230 | 280 | 209 | 228 | 47 | 164 | |||
Other liabilities | 424 | 474 | 550 | 626 | 698 | 750 | |||
Other undisclosed current liabilities | 4,089 | 3,831 | 3,163 | 3,392 | 3,141 | 3,139 | |||
Total current liabilities: | 10,639 | 13,794 | 12,901 | 9,811 | 8,428 | 8,815 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 5,799 | 5,756 | 6,471 | 6,175 | 5,985 | 5,847 | |||
Long-term debt, excluding current maturities | 5,799 | 5,756 | 6,145 | 5,790 | 5,528 | 5,323 | |||
Liabilities, other than long-term debt | 255 | 291 | |||||||
Operating lease, liability | 255 | 291 | 326 | 385 | 457 | 524 | |||
Other undisclosed noncurrent liabilities | (326) | (385) | (457) | ||||||
Total noncurrent liabilities: | 6,055 | 6,046 | 6,471 | 6,175 | 5,985 | 5,847 | |||
Total liabilities: | 16,694 | 19,841 | 19,372 | 15,987 | 14,413 | 14,663 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 784 | (2,319) | (1,411) | 2,616 | 4,736 | 4,870 | |||
Common stock | 11,980 | 11,825 | 10,173 | 9,023 | 8,439 | 7,403 | |||
Additional paid in capital | 71,125 | 71,261 | 72,119 | 72,367 | 72,215 | 64,842 | |||
Accumulated deficit | (82,364) | (85,437) | (83,746) | (78,817) | (75,960) | (74,364) | |||
Stockholders' equity note, subscriptions receivable | (10) | (500) | |||||||
Other undisclosed equity, attributable to parent | 43 | 43 | 43 | 43 | 43 | 7,490 | |||
Equity, attributable to noncontrolling interest | (655) | (652) | (559) | (411) | (407) | (100) | |||
Other undisclosed equity | (0) | ||||||||
Total equity: | 129 | (2,971) | (1,969) | 2,205 | 4,329 | 4,770 | |||
Other undisclosed liabilities and equity | 0 | ||||||||
TOTAL LIABILITIES AND EQUITY: | 16,823 | 16,870 | 17,402 | 18,192 | 18,742 | 19,433 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 710 | (875) | 1,285 | 1,236 | 1,169 | 1,127 | ||
Cost of revenue (Cost of Goods and Services Sold) | (463) | (556) | (495) | (462) | (387) | (651) | ||
Other undisclosed gross profit | 1,900 | |||||||
Gross profit: | 247 | 469 | 790 | 774 | 782 | 476 | ||
Operating expenses | (520) | (1,864) | (2,172) | (1,959) | (2,034) | (4,321) | ||
Other undisclosed operating income | 0 | 1,950 | ||||||
Operating loss: | (273) | (1,394) | (1,382) | (1,185) | (1,253) | (1,895) | ||
Nonoperating income (expense) | 3,344 | (460) | (3,686) | (1,710) | (606) | 1,822 | ||
Interest and debt expense | 112 | |||||||
Income (loss) from continuing operations before equity method investments, income taxes: | 3,183 | (1,854) | (5,068) | (2,895) | (1,858) | (74) | ||
Loss from equity method investments | (8) | (16) | (44) | (80) | ||||
Other undisclosed income (loss) from continuing operations before income taxes | (112) | 69 | ||||||
Income (loss) from continuing operations: | 3,071 | (1,785) | (5,076) | (2,911) | (1,903) | (153) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (5,076) | (2,911) | (1,903) | (153) | |
Other undisclosed net income (loss) | 0 | |||||||
Net income (loss): | 3,071 | (1,785) | (5,076) | (2,911) | (1,903) | (153) | ||
Net income attributable to noncontrolling interest | 3 | 93 | 148 | 54 | 307 | 140 | ||
Other undisclosed net loss attributable to parent | (0) | |||||||
Net income (loss) available to common stockholders, diluted: | 3,074 | (1,692) | (4,929) | (2,857) | (1,595) | (14) |
Comprehensive Income ($ in thousands)Annual | Quarterly
12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 3,071 | (1,785) | (5,076) | (2,911) | (1,903) | (153) | ||
Comprehensive income (loss): | 3,071 | (1,785) | (5,076) | (2,911) | (1,903) | (153) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 3 | 93 | 148 | 54 | 307 | 140 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (3) | (602) | ||||||
Comprehensive income (loss), net of tax, attributable to parent: | 3,071 | (2,294) | (4,929) | (2,857) | (1,595) | (14) |
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.