American Cannabis Company, Inc. (AMMJ) financial statements (2020 and earlier)

Company profile

Business Address 5690 LOGAN ST
DENVER, CO 80216
State of Incorp. DE
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9451,0871,648751556165270
Cash and cash equivalents9451,0871,648751556165270
Receivables96642231657656
Inventory, net of allowances, customer advances and progress billings53613643675
Inventory53613643675 
Prepaid expense      41
Other current assets      11
Other undisclosed current assets705613714325176(11)
Total current assets:1,1641,2671,842968713422368
Noncurrent Assets
Property, plant and equipment40812121348355
Long-term investments and receivables(113)(147)101(222)(221)  
Long-term investments(113)(147)101(222)(221)  
Intangible assets, net (including goodwill)      4
Intangible assets, net (excluding goodwill)      4
Regulated entity, other noncurrent assets   220 (85) 
Other undisclosed noncurrent assets113147(108)(5)212856
Total noncurrent assets:40855548366
Other undisclosed assets  121213  
TOTAL ASSETS:1,2041,2751,858984731470734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14513489114330301306
Accounts payable1033285621862 
Accrued liabilities11790524693227 
Employee-related liabilities18118131812 
Taxes payable      306
Debt35     101
Due to related parties   14 270
Other undisclosed current liabilities145136988200263831,043
Total current liabilities:3242701,0773295933861,519
Noncurrent Liabilities
Long-term debt and lease obligation     25101
Long-term debt, excluding current maturities     25101
Liabilities, other than long-term debt      319
Accrued income taxes319
Other undisclosed noncurrent liabilities     (25) 
Total noncurrent liabilities:      420
Total liabilities:3242701,0773295933861,939
Stockholders' equity
Stockholders' equity attributable to parent, including:8801,00578165513884(1,206)
Common stock1110000
Additional paid in capital8,3558,1797,0045,3894,2693,7003,283
Accumulated other comprehensive income      96
Accumulated deficit(7,476)(7,174)(6,223)(4,735)(4,131)(3,616)(4,774)
Warrants and rights outstanding      188
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:8801,00578165513884(1,206)
TOTAL LIABILITIES AND EQUITY:1,2041,2751,858984731470734

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,1319822,4431,5612,8001,2597,768
Cost of revenue(792)(524)(806)(692)(2,000)(771)(6,667)
Gross profit:1,3394591,6378698004881,100
Operating expenses(1,673)(1,183)(1,358)(1,402)(1,353)(3,878)(1,507)
Other operating income (expense), net
(Other Expenses)
 2261,76771(37)228 
Other undisclosed operating loss      (3,653)
Operating income (loss):(334)(499)2,046(462)(590)(3,162)(4,060)
Nonoperating income (expense)   (14)  110
Investment income, nonoperating   (14)   
Foreign currency transaction gain, before tax      110
Interest and debt expense   8(73)298(33)
Other undisclosed income from continuing operations before equity method investments, income taxes      9,142
Income (loss) from continuing operations before equity method investments, income taxes:(334)(499)2,046(469)(663)(2,864)5,160
Loss from equity method investments      (4,500)
Income (loss) from continuing operations before income taxes:(334)(499)2,046(469)(663)(2,864)660
Income tax expense (benefit)(17)(244)(575)(233)(199)1,553(31)
Income (loss) before gain (loss) on sale of properties:(351)(742)1,471(702)(862)(1,311)628
Other undisclosed net loss      (5,129)
Net income (loss):(351)(742)1,471(702)(862)(1,311)(4,500)
Other undisclosed net income (loss) attributable to parent49(209)(2,960)99347(2,308) 
Net loss available to common stockholders, diluted:(302)(951)(1,488)(604)(516)(3,619)(4,500)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(351)(742)1,471(702)(862)(1,311)(4,500)
Other comprehensive loss      (409)
Comprehensive income (loss):(351)(742)1,471(702)(862)(1,311)(4,909)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (4,390)
Comprehensive income (loss), net of tax, attributable to parent:(351)(742)1,471(702)(862)(1,311)(9,299)

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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