Canbiola, Inc. (CANB) financial statements (2021 and earlier)

Company profile

Business Address 960 SOUTH BROADWAY, SUITE 120
HICKSVILLE, NY 11801
State of Incorp. FL
Fiscal Year End December 31
SIC 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 47808230
Cash and cash equivalents 47808230
Receivables 1,2763975 
Inventory, net of allowances, customer advances and progress billings 7848710 
Inventory 7848710 
Prepaid expense 1,280210  
Other undisclosed current assets   7116
Total current assets: 3,3871,14415746
Noncurrent Assets
Operating lease, right-of-use asset 97
Property, plant and equipment 1,0756052 
Long-term investments and receivables  1939 
Accounts and financing receivable, after allowance for credit loss  1939 
Intangible assets, net (including goodwill) 1,112561025
Goodwill 5656  
Intangible assets, net (excluding goodwill) 1,057 1025
Prepaid expense 1,1802,366  
Deposits noncurrent assets 2149  
Other undisclosed noncurrent assets 58(0)(39)65
Total noncurrent assets: 3,5442,5496291
TOTAL ASSETS: 6,9313,694219137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 432186  
Accounts payable 22673  
Accrued liabilities 6244  
Employee-related liabilities 14469  
Debt 38   
Other undisclosed current liabilities 35 1,949652
Total current liabilities: 5061861,949652
Noncurrent Liabilities
Long-term debt and lease obligation 59   
Operating lease, liability 59
Total noncurrent liabilities: 59   
Other undisclosed liabilities  19  
Total liabilities: 5652051,949652
Stockholders' equity
Stockholders' equity attributable to parent, including: 6,3663,489(1,730)(515)
Preferred stock   244104
Common stock 23,11316,62512,52411,890
Additional paid in capital 873873150 
Accumulated deficit (23,361)(18,769)(14,647)(12,508)
Other undisclosed stockholders' equity attributable to parent 5,7414,7600 
Total stockholders' equity: 6,3663,489(1,730)(515)
TOTAL LIABILITIES AND EQUITY: 6,9313,694219137

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 2,30666912395
Revenue, net123 
Cost of revenue
(Cost of Goods and Services Sold)
 (599)(406)(44) 
Gross profit: 1,7072637895
Operating expenses (6,291)(3,679)(836)(507)
Other operating income, net   13463
Operating loss: (4,584)(3,416)(623)(349)
Nonoperating income (expense) (6)1031
Investment income, nonoperating 31031
Interest and debt expense (9)(264)27956
Loss from continuing operations before equity method investments, income taxes: (4,599)(3,669)(341)(291)
Other undisclosed income (loss) from continuing operations before income taxes 9(443)  
Loss from continuing operations before income taxes: (4,590)(4,112)(341)(291)
Income tax expense (benefit) (2) 749233
Net income (loss): (4,592)(4,112)408(59)
Other undisclosed net loss attributable to parent   (2,547)(606)
Net loss available to common stockholders, diluted: (4,592)(4,112)(2,140)(665)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (4,592)(4,112)408(59)
Other comprehensive loss (4,592)(4,112)(2,140) 
Comprehensive loss, net of tax, attributable to parent: (9,185)(8,225)(1,732)(59)

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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