Target Group Inc. (CBDY) financial statements (2021 and earlier)

Company profile

Business Address 55 ADMINISTRATION ROAD, UNIT 13
VAUGHAN, ON L4K-4G9
State of Incorp. DE
Fiscal Year End December 31
SIC 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1731030301611
Cash and cash equivalents1731030301611
Receivables3494122114  (28)
Inventory, net of allowances, customer advances and progress billings99124     
Inventory99124     
Prepaid expense473835 140  
Advances on inventory purchases43      
Other undisclosed current assets45  (14)  28
Total current assets:755213559015611
Noncurrent Assets
Operating lease, right-of-use asset101 
Property, plant and equipment7,7948,1041    
Long-term investments and receivables721      
Long-term investments721      
Intangible assets, net (including goodwill)3,6668,1483,594 138  
Goodwill3,6668,1483,594    
Intangible assets, net (excluding goodwill)    138  
Other noncurrent assets  31    
Other undisclosed noncurrent assets  2,595    
Total noncurrent assets:12,28216,2526,222 138  
TOTAL ASSETS:13,03716,4646,781029411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8092,4951,740110278481251
Accrued liabilities1,0022,152682814336 
Interest and dividends payable40454133    
Settlement liabilities90      
Other undisclosed accounts payable and accrued liabilities3132891,53882264145251
Deferred revenue4343
Debt27822257370213 
Deferred rent credit 262 
Derivative instruments and hedges, liabilities12151862952475  
Due to related parties2,832782613428659595 
Other undisclosed current liabilities1761,325    28
Total current liabilities:4,8735,1353,4372,0622,1141,089280
Noncurrent Liabilities
Long-term debt and lease obligation1,62248     
Long-term debt, excluding current maturities 48     
Operating lease, liability1,622 
Liabilities, other than long-term debt10,0511,347     
Deferred rent credit 1,347 
Due to related parties7,103      
Derivative instruments and hedges, liabilities2,948      
Other undisclosed noncurrent liabilities10      
Total noncurrent liabilities:11,6841,394     
Total liabilities:16,5576,5293,4372,0622,1141,089280
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,521)9,9353,344(2,062)(1,820)(1,088)(279)
Preferred stock00000  
Common stock575791421
Common stock, share subscribed but unissued, subscriptions receivable (220)(220)    
Additional paid in capital23,94129,84611,3465,0583,5772,01780
Accumulated other comprehensive loss(1,175)(897)(56)    
Accumulated deficit(26,536)(19,463)(9,095)(7,195)(5,452)(3,107)(359)
Other undisclosed stockholders' equity attributable to parent1926121,3597352  
Other undisclosed stockholders' equity1      
Total stockholders' equity:(3,520)9,9353,344(2,062)(1,820)(1,088)(279)
TOTAL LIABILITIES AND EQUITY:13,03716,4646,781029411

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues30 0156  
Cost of revenue
(Cost of Goods and Services Sold)
(25)(151)     
Gross profit:5(151)0156  
Operating expenses(1,569)(4,690)(1,281)(925)(1,672)(2,747)(358)
Operating loss:(1,564)(4,841)(1,281)(909)(1,666)(2,747)(358)
Nonoperating expense(5,509)(5,678)(620)(0)(6)  
Foreign currency transaction loss, before tax(168)(419)(34)(0)(6)  
Interest and debt expense(3,348)(1,428)(39)(104)(65)(2)(0)
Loss from continuing operations before equity method investments, income taxes:(10,422)(11,947)(1,939)(1,014)(1,738)(2,748)(358)
Other undisclosed income (loss) from continuing operations before income taxes3,3481,57939(729)(607) 0
Net loss available to common stockholders, diluted:(7,074)(10,368)(1,900)(1,743)(2,345)(2,748)(358)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(7,074)(10,368)(1,900)(1,743)(2,345)(2,748)(358)
Comprehensive loss:(7,074)(10,368)(1,900)(1,743)(2,345)(2,748)(358)
Other undisclosed comprehensive loss, net of tax, attributable to parent(278)(503)(56)    
Comprehensive loss, net of tax, attributable to parent:(7,352)(10,870)(1,956)(1,743)(2,345)(2,748)(358)

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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