American Cannabis Company, Inc. (AMMJ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
200 UNION ST. LAKEWOOD, CO 80228 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 118 | 670 | 1,723 | 945 | 1,087 | 1,648 | |||
| Cash and cash equivalents | 118 | 670 | 1,723 | 945 | 1,087 | 1,648 | |||
| Receivables | (4) | (83) | 25 | 96 | 64 | 22 | |||
| Inventory, net of allowances, customer advances and progress billings | 353 | 279 | 62 | 53 | 61 | 36 | |||
| Inventory | 353 | 279 | 62 | 53 | 61 | 36 | |||
| Deposits current assets | |||||||||
| Other undisclosed current assets | 557 | 148 | 53 | 70 | 56 | 137 | |||
| Total current assets: | 1,023 | 1,015 | 1,864 | 1,164 | 1,267 | 1,842 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 604 | 96 | ✕ | ✕ | |||||
| Property, plant and equipment | 428 | 376 | 25 | 40 | 8 | 12 | |||
| Long-term investments and receivables | (89) | (113) | (147) | 101 | |||||
| Long-term investments | (89) | (113) | (147) | 101 | |||||
| Intangible assets, net (including goodwill) | 1,332 | 2,731 | |||||||
| Goodwill | 1,332 | 1,985 | |||||||
| Intangible assets, net (excluding goodwill) | 746 | ||||||||
| Deposits noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 1,229 | 6 | 89 | 113 | 147 | (108) | |||
| Total noncurrent assets: | 3,593 | 3,209 | 25 | 40 | 8 | 5 | |||
| Other undisclosed assets | 12 | ||||||||
| TOTAL ASSETS: | 4,616 | 4,223 | 1,888 | 1,204 | 1,275 | 1,858 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 718 | 336 | 62 | 145 | 134 | 89 | |||
| Taxes payable | ✕ | ✕ | 1 | ||||||
| Employee-related liabilities | ✕ | ✕ | 18 | 18 | 11 | 8 | |||
| Accounts payable | 679 | 243 | 13 | 10 | 33 | 28 | |||
| Accrued liabilities | 39 | 74 | 49 | 117 | 90 | 52 | |||
| Debt | 550 | 1,100 | 35 | ||||||
| Restructuring reserve | 112 | ||||||||
| Estimated litigation liability | |||||||||
| Other liabilities | 281 | ||||||||
| Other undisclosed current liabilities | 438 | 493 | 199 | 145 | 136 | 988 | |||
| Total current liabilities: | 2,099 | 1,929 | 261 | 324 | 270 | 1,077 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 150 | ||||||||
| Long-term debt, excluding current maturities | 150 | ||||||||
| Liabilities, other than long-term debt | 422 | ||||||||
| Operating lease, liability | 422 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 41 | 175 | |||||||
| Total noncurrent liabilities: | 613 | 175 | |||||||
| Other undisclosed liabilities | 34 | ||||||||
| Total liabilities: | 2,747 | 2,104 | 261 | 324 | 270 | 1,077 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,870 | 2,119 | 1,627 | 880 | 1,005 | 781 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 11,949 | 11,566 | 9,635 | 8,355 | 8,179 | 7,004 | |||
| Accumulated deficit | (10,081) | (9,448) | (8,008) | (7,476) | (7,174) | (6,223) | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Other undisclosed equity | |||||||||
| Total equity: | 1,870 | 2,119 | 1,627 | 880 | 1,005 | 781 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,616 | 4,223 | 1,888 | 1,204 | 1,275 | 1,858 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,809 | 2,425 | 1,570 | 2,131 | 982 | 2,443 | ||
| Cost of revenue | (16,271) | (1,369) | (849) | (792) | (524) | (806) | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 2,537 | 1,056 | 721 | 1,339 | 459 | 1,637 | ||
| Operating expenses | (3,143) | (2,697) | (1,345) | (1,673) | (1,183) | (1,358) | ||
| Other operating income, net (Other Expenses) | 226 | 1,767 | ||||||
| Other undisclosed operating income | ||||||||
| Operating income (loss): | (606) | (1,641) | (624) | (334) | (499) | 2,046 | ||
| Nonoperating income (expense) | (28) | 201 | ||||||
| Interest and debt expense | (78) | (54) | (2) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (711) | (1,494) | (626) | (334) | (499) | 2,046 | ||
| Income tax expense (benefit) | 623 | (38) | (17) | (244) | (575) | |||
| Income (loss) from continuing operations: | (711) | (870) | (664) | (351) | (742) | 1,471 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (870) | (664) | (351) | (742) | 1,471 | |
| Other undisclosed net income (loss) | 78 | (569) | ||||||
| Net income (loss): | (633) | (1,439) | (664) | (351) | (742) | 1,471 | ||
| Other undisclosed net income (loss) attributable to parent | 131 | 49 | (209) | (2,960) | ||||
| Net loss available to common stockholders, diluted: | (633) | (1,439) | (532) | (302) | (951) | (1,488) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (633) | (1,439) | (664) | (351) | (742) | 1,471 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (633) | (1,439) | (664) | (351) | (742) | 1,471 | ||
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.