Medicine Man Technologies, Inc. (SHWZ) financial statements (2022 and earlier)

Company profile

Business Address 4880 HAVANA STREET
DENVER, CO 80239
State of Incorp. NV
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106,40021,16921,13122,9661,2312,9825,418
Cash and cash equivalents106,40021,16921,13122,9661,2312,9825,418
Receivables3,8673,5313,3492,4051,5331,1882,184
Inventory, net of allowances, customer advances and progress billings11,12210,6789,1835,5882,6192,1521,978
Inventory11,12210,6789,1835,5882,6192,1521,978
Prepaid expense  1,865627614  
Other undisclosed current assets2,5232,579   255422
Total current assets:123,91237,95735,52831,5875,9976,57610,002
Noncurrent Assets
Operating lease, right-of-use asset8,5123,6273,9344,2422,5791,6501,747
Nontrade receivables3033,0643,0643,0643,0643,0643,064
Property, plant and equipment10,2538,8053,4773,0892,5852,7192,563
Long-term investments and receivables637667570491277247292
Long-term investments494487498491277  
Accounts and financing receivable, after allowance for credit loss14317972  247292
Intangible assets, net (including goodwill)140,899140,164136,367138,12256,12917,51617,518
Goodwill43,31642,09141,50640,53353,04717,44617,446
Intangible assets, net (excluding goodwill)97,58298,07394,86197,5893,0827072
Deferred income tax assets     268 
Other noncurrent assets5154484194245212842
Other undisclosed noncurrent assets     528786
Total noncurrent assets:161,119156,775147,831149,43264,68526,12126,011
TOTAL ASSETS:285,031194,731183,359181,01970,68332,69736,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,16913,64312,61410,7806,2144,3844,658
Accounts payable2,5499532,3352,4823,5082,9572,809
Accrued liabilities5,59211,66010,2798,2982,7051,4261,849
Taxes payable2,0281,029     
Deferred revenue    50  
Derivative instruments and hedges, liabilities34,923804372,3011,0477831,467
Due to related parties17122240415,049128606
Other undisclosed current liabilities    (0)  
Total current liabilities:45,26313,94513,09113,12212,3605,2946,731
Noncurrent Liabilities
Long-term debt and lease obligation106,19863,05458,32858,59216,5471,6841,771
Long-term debt, excluding current maturities97,48259,24654,25054,25013,902  
Operating lease, liability8,7153,8074,0784,3422,6461,6841,771
Other undisclosed noncurrent liabilities (3,807)(4,078)(4,342) (1,684)(1,771)
Total noncurrent liabilities:106,19863,05458,32858,59216,5471,6841,771
Total liabilities:151,46176,99871,42071,71428,9086,9788,502
Stockholders' equity
Stockholders' equity attributable to parent133,570117,733111,940109,30541,77525,71827,511
Preferred stock00000  
Common stock45454343434242
Treasury stock, value(1,517)(1,517)(1,517)(1,446)(1,333)(1,333)(1,000)
Additional paid in capital162,815165,394158,787157,53185,35860,71459,260
Accumulated deficit(27,774)(46,189)(45,373)(46,823)(42,293)(33,706)(30,791)
Total stockholders' equity:133,570117,733111,940109,30541,77525,71827,511
TOTAL LIABILITIES AND EQUITY:285,031194,731183,359181,01970,68332,69736,013

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues26,51631,83530,72919,3407,9437,4305,424
Cost of revenue
(Cost of Goods and Services Sold)
(14,374)(16,779)(15,826)(12,087)(7,322)(4,649)(3,107)
Gross profit:12,14215,05614,9037,2536212,7812,318
Operating expenses(8,526)(11,219)(10,462)(8,738)(9,444)(6,400)(8,668)
Operating income (loss):3,6163,8374,441(1,485)(8,823)(3,619)(6,350)
Nonoperating income (expense)11,612(1,555)158(1,708)(604)705(246)
Investment income, nonoperating6(11)7215 1082
Interest and debt expense   (28)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(7,014) 02828  
Income (loss) from continuing operations before equity method investments, income taxes:8,2142,2824,599(3,193)(9,399)(2,914)(6,596)
Other undisclosed loss from continuing operations before income taxes   (0)   
Income (loss) from continuing operations before income taxes:8,2142,2824,599(3,193)(9,399)(2,914)(6,596)
Income tax expense(2,398)(1,313)(228)(457)   
Other undisclosed income from continuing operations    899  
Income (loss) before gain (loss) on sale of properties:5,8169694,370(3,650)(8,499)(2,914)(6,596)
Other undisclosed net income9,4131,313     
Net income (loss):15,2282,2824,370(3,650)(8,499)(2,914)(6,596)
Other undisclosed net loss attributable to parent(2,398)(1,313)(0) (28)  
Net income (loss) attributable to parent:12,8309694,370(3,650)(8,528)(2,914)(6,596)
Other undisclosed net loss available to common stockholders, basic(7,346)      
Net income (loss) available to common stockholders, basic:5,4849694,370(3,650)(8,528)(2,914)(6,596)
Other undisclosed net loss available to common stockholders, diluted(12,766)      
Net income (loss) available to common stockholders, diluted:(7,282)9694,370(3,650)(8,528)(2,914)(6,596)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):15,2282,2824,370(3,650)(8,499)(2,914)(6,596)
Comprehensive income (loss):15,2282,2824,370(3,650)(8,499)(2,914)(6,596)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2,398)(1,313)(0) (28)  
Comprehensive income (loss), net of tax, attributable to parent:12,8309694,370(3,650)(8,528)(2,914)(6,596)

Statements sources

The financial statements are based on the company's filings with the 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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