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
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 investments811611481971,0492,849
Cash and cash equivalents81161148632401,397
Short-term investments    1348101,452
Receivables9230849904657436
Inventory, net of allowances, customer advances and progress billings391417527644609442
Inventory391417527644609442
Disposal group, including discontinued operation      
Other current assets333257253185218182
Other undisclosed current assets188219250256249243
Total current assets:1,0861,0832,0272,1852,7834,152
Noncurrent Assets
Operating lease, right-of-use asset233267299355422486
Property, plant and equipment3,6263,6723,7903,8643,5372,749
Long-term investments and receivables441441372381593637
Long-term investments441441372381397441
Accounts and financing receivable, after allowance for credit loss     196196
Intangible assets, net (including goodwill)11,40611,40710,91311,40611,40711,408
Goodwill758758758758758758
Intangible assets, net (excluding goodwill)10,64810,64910,15510,64810,64910,650
Disposal group, including discontinued operation, noncurrent assets      
Other undisclosed noncurrent assets30     
Total noncurrent assets:15,73715,78615,37516,00615,95815,281
Other undisclosed assets      
TOTAL ASSETS:16,82316,87017,40218,19218,74219,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6962,6652,5892,4222,1852,059
Accounts payable2,1182,0802,0031,8581,5691,465
Accrued liabilities327334327305354311
Other undisclosed accounts payable and accrued liabilities251251259259262284
Deferred revenue     20 
Debt1,178956895846959426
Derivative instruments and hedges, liabilities1,9415,5215,4262,2221,3162,217
Disposal group, including discontinued operation      
Customer refund liability806869756260
Due to related parties23028020922847164
Other liabilities424474550626698750
Other undisclosed current liabilities4,0893,8313,1633,3923,1413,139
Total current liabilities:10,63913,79412,9019,8118,4288,815
Noncurrent Liabilities
Long-term debt and lease obligation5,7995,7566,4716,1755,9855,847
Long-term debt, excluding current maturities5,7995,7566,1455,7905,5285,323
Liabilities, other than long-term debt255291    
Operating lease, liability255291326385457524
Other undisclosed noncurrent liabilities  (326)(385)(457) 
Total noncurrent liabilities:6,0556,0466,4716,1755,9855,847
Total liabilities:16,69419,84119,37215,98714,41314,663
Equity
Equity, attributable to parent, including:784(2,319)(1,411)2,6164,7364,870
Common stock11,98011,82510,1739,0238,4397,403
Additional paid in capital71,12571,26172,11972,36772,21564,842
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 parent43434343437,490
Equity, attributable to noncontrolling interest(655)(652)(559)(411)(407)(100)
Other undisclosed equity    (0) 
Total equity:129(2,971)(1,969)2,2054,3294,770
Other undisclosed liabilities and equity 0     
TOTAL LIABILITIES AND EQUITY:16,82316,87017,40218,19218,74219,433

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

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
Revenues710(875)1,2851,2361,1691,127
Cost of revenue
(Cost of Goods and Services Sold)
(463)(556)(495)(462)(387)(651)
Other undisclosed gross profit  1,900    
Gross profit:247469790774782476
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 interest39314854307140
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)

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 interest39314854307140
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.

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