SmartKem, Inc. (SMTK) Financial Statements (2024 and earlier)

Company Profile

Business Address MANCHESTER TECHNOLOGY CENTER
MANCHESTER, M9 8GQ
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,8364,23512,2268
Cash and cash equivalents8,8364,23512,2268
Receivables 42830  
Prepaid expense378553520 
Other undisclosed current assets8831,6241,352 
Total current assets:10,5256,44214,0988
Noncurrent Assets
Operating lease, right-of-use asset285475154 
Property, plant and equipment455602802 
Other noncurrent assets766 
Total noncurrent assets:7471,083962 
TOTAL ASSETS:11,2727,52515,0608
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1789311,4239
Taxes payable22  
Employee-related liabilities211383 
Accounts payable355230510 
Accrued liabilities732208303 
Other undisclosed accounts payable and accrued liabilities912602279
Debt    20
Other liabilities360244  
Other undisclosed current liabilities23022887 
Total current liabilities:1,7681,4031,51029
Noncurrent Liabilities
Long-term debt and lease obligation:   28 
Liabilities, other than long-term debt1,391239  
Operating lease, liability1923928 
Derivative instruments and hedges, liabilities1,372   
Other undisclosed noncurrent liabilities   (28) 
Total noncurrent liabilities:1,39123928 
Total liabilities:3,1591,6421,53829
Equity
Equity, attributable to parent8,1135,88313,522(21)
Common stock  331
Additional paid in capital104,75792,93089,954 
Accumulated other comprehensive loss(1,578)(483)(1,363) 
Accumulated deficit(95,066)(86,567)(75,072)(21)
Total equity:8,1135,88313,522(21)
TOTAL LIABILITIES AND EQUITY:11,2727,52515,0608

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues274018 
Cost of revenue(23)(33)(8) 
Gross profit:4710 
Operating expenses(10,831)(10,873)(17,597) 
Other operating income, net8361,1721,285 
Operating loss:(9,991)(9,694)(16,302) 
Nonoperating income (expense)1,492(1,777)(824) 
Gain (loss), foreign currency transaction, before tax1,120(1,782)(808) 
Interest and debt expense   (19) 
Loss from continuing operations before equity method investments, income taxes:(8,499)(11,471)(17,145) 
Other undisclosed income from continuing operations before income taxes   19 
Loss from continuing operations before income taxes:(8,499)(11,471)(17,126) 
Income tax expense  (24)  
Loss from continuing operations:(8,499)(11,495)(17,126) 
Loss before gain (loss) on sale of properties:(17,126)
Net loss attributable to parent:(8,499)(11,495)(17,126) 
Preferred stock dividends and other adjustments    
Net loss available to common stockholders, diluted:(8,499)(11,495)(17,126) 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(8,499)(11,495)(17,126) 
Other undisclosed comprehensive income (loss)(1,095)880117 
Comprehensive loss, net of tax, attributable to parent:(9,594)(10,615)(17,009) 

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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