VERITAS FARMS, INC. (SSWH) financial statements (2021 and earlier)

Company profile

Business Address 1512 E. BROWARD BLVD
FORT LAUDERDALE, FL 33301
State of Incorp. NV
Fiscal Year End December 31
SIC 01 - Agricultural Production Crops (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,5993,2611101645479 
Cash and cash equivalents5,5993,2611101645479 
Receivables7211,39254424421318186
Inventory, net of allowances, customer advances and progress billings5,6443,2172,6592,5091,7461,6321,485
Inventory5,6443,2172,6592,5091,7461,6321,485
Prepaid expense87836741161071930
Total current assets:12,8427,9063,3873,0342,6131,8401,601
Noncurrent Assets
Operating lease, right-of-use asset154175195
Property, plant and equipment4,9334,4414,2413,9323,7073,4823,546
Deposits noncurrent assets59584848484823
Other undisclosed noncurrent assets55      
Total noncurrent assets:5,2024,6744,4843,9803,7553,5303,569
TOTAL ASSETS:18,04412,5807,8717,0146,3685,3715,170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,783775591373273430555
Accounts payable1,528572373189107188312
Accrued liabilities237184198166141222220
Interest and dividends payable19192018252023
Deferred revenue220
Debt6013013350542545548
Deferred rent credit7777   
Due to related parties  4732639451,0491,059
Other undisclosed current liabilities80731,42445   
Total current liabilities:1,9339882,6297381,7602,0242,162
Noncurrent Liabilities
Long-term debt and lease obligation24018521419610099100
Long-term debt, excluding current maturities1679210119610099100
Operating lease, liability7393113
Total noncurrent liabilities:24018521419610099100
Total liabilities:2,1731,1722,8429351,8602,1232,262
Stockholders' equity
Stockholders' equity attributable to parent15,87111,4085,0296,0794,5083,2482,908
Common stock165139112112947660
Additional paid in capital30,38722,35514,67013,89510,1838,7427,292
Accumulated deficit(14,682)(11,087)(9,754)(7,927)(5,769)(4,772)(4,444)
Stockholders' equity note, subscriptions receivable     (798) 
Total stockholders' equity:15,87111,4085,0296,0794,5083,2482,908
TOTAL LIABILITIES AND EQUITY:18,04412,5807,8717,0146,3685,3715,170

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues1,2162,9711,525802459487331
Cost of revenue(721)(1,448)(897)(316)(372)(318)(198)
Cost of goods and services sold(721)(1,448)(820)    
Gross profit:4951,52362748687169133
Operating expenses(4,085)(2,848)(2,447)(3,241)(1,071)(493)(501)
Operating loss:(3,590)(1,325)(1,820)(2,755)(984)(324)(368)
Nonoperating income (expense) (8)(7)596(12)(4)14
Interest and debt expense(3)(5)(5)3(3)(3)(3)
Loss from continuing operations before equity method investments, income taxes:(3,593)(1,338)(1,832)(2,155)(999)(331)(357)
Other undisclosed income (loss) from continuing operations before income taxes(2)55(3)333
Net loss available to common stockholders, diluted:(3,595)(1,333)(1,827)(2,158)(996)(328)(353)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(3,595)(1,333)(1,827)(2,158)(996)(328)(353)
Comprehensive loss, net of tax, attributable to parent:(3,595)(1,333)(1,827)(2,158)(996)(328)(353)

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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