Canbiola, Inc. (CANB) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments471808230
Cash and cash equivalents471808230
Receivables9963975 
Inventory, net of allowances, customer advances and progress billings1018710 
Inventory1018710 
Prepaid expense1,348210  
Other undisclosed current assets  7116
Total current assets:2,9161,14415746
Noncurrent Assets
Operating lease, right-of-use asset75
Property, plant and equipment1,0196052 
Long-term investments and receivables191939 
Accounts and financing receivable, after allowance for credit loss191939 
Intangible assets, net (including goodwill)1,242561025
Goodwill5656  
Intangible assets, net (excluding goodwill)1,187 1025
Prepaid expense1,4422,366  
Deposits noncurrent assets2049  
Other undisclosed noncurrent assets31(0)(39)65
Total noncurrent assets:3,8492,5496291
TOTAL ASSETS:6,7653,694219137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities196186  
Accounts payable8373  
Accrued liabilities4444  
Employee-related liabilities6969  
Debt34   
Other undisclosed current liabilities11 1,949652
Total current liabilities:2411861,949652
Noncurrent Liabilities
Long-term debt and lease obligation42   
Operating lease, liability42
Total noncurrent liabilities:42   
Other undisclosed liabilities 19  
Total liabilities:2832051,949652
Stockholders' equity
Stockholders' equity attributable to parent, including:6,4823,489(1,730)(515)
Preferred stock  244104
Common stock22,18816,62512,52411,890
Additional paid in capital873873150 
Accumulated deficit(22,320)(18,769)(14,647)(12,508)
Other undisclosed stockholders' equity attributable to parent5,7424,7600 
Total stockholders' equity:6,4823,489(1,730)(515)
TOTAL LIABILITIES AND EQUITY:6,7653,694219137

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues2,04766912395
Revenue, net123 
Cost of revenue
(Cost of Goods and Services Sold)
(704)(406)(44) 
Other undisclosed gross profit(224)   
Gross profit:1,1192637895
Operating expenses(6,308)(3,679)(836)(507)
Other operating income, net  13463
Other undisclosed operating loss(182)   
Operating loss:(5,371)(3,416)(623)(349)
Nonoperating income (expense)(5)1031
Investment income, nonoperating31031
Interest and debt expense(391)(264)27956
Loss from continuing operations before equity method investments, income taxes:(5,766)(3,669)(341)(291)
Other undisclosed income (loss) from continuing operations before income taxes2,826(443)  
Loss from continuing operations before income taxes:(2,940)(4,112)(341)(291)
Income tax benefit  749233
Net income (loss):(2,940)(4,112)408(59)
Other undisclosed net loss attributable to parent  (2,547)(606)
Net loss available to common stockholders, diluted:(2,940)(4,112)(2,140)(665)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(2,940)(4,112)408(59)
Other comprehensive loss(2,940)(4,112)(2,140) 
Comprehensive loss, net of tax, attributable to parent:(5,881)(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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