Target Group Inc. (CBDY) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 17310303016
Cash and cash equivalents 17310303016
Receivables 3494122114 
Inventory, net of allowances, customer advances and progress billings 99124   
Inventory 99124   
Prepaid expense 473835 140
Advances on inventory purchases 43    
Other undisclosed current assets 45  (14) 
Total current assets: 7552135590156
Noncurrent Assets
Operating lease, right-of-use asset 101 
Property, plant and equipment 7,7948,1041  
Long-term investments and receivables 721    
Long-term investments 721    
Intangible assets, net (including goodwill) 3,6668,1483,594 138
Goodwill 3,6668,1483,594  
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: 13,03716,4646,7810294
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,8092,4951,740110278
Accrued liabilities 1,0022,152682814
Interest and dividends payable 40454133  
Settlement liabilities 90    
Other undisclosed accounts payable and accrued liabilities 3132891,53882264
Deferred revenue 4343
Debt 278222573702
Deferred rent credit  262 
Derivative instruments and hedges, liabilities 12151862952475
Due to related parties 2,832782613428659
Other undisclosed current liabilities 1761,325   
Total current liabilities: 4,8735,1353,4372,0622,114
Noncurrent Liabilities
Long-term debt and lease obligation 1,62248   
Long-term debt, excluding current maturities  48   
Operating lease, liability 1,622 
Liabilities, other than long-term debt 10,0511,347   
Deferred rent credit  1,347 
Due to related parties 7,103    
Derivative instruments and hedges, liabilities 2,948    
Other undisclosed noncurrent liabilities 10    
Total noncurrent liabilities: 11,6841,394   
Total liabilities: 16,5576,5293,4372,0622,114
Stockholders' equity
Stockholders' equity attributable to parent, including: (3,521)9,9353,344(2,062)(1,820)
Preferred stock 00000
Common stock 5757914
Common stock, share subscribed but unissued, subscriptions receivable  (220)(220)  
Additional paid in capital 23,94129,84611,3465,0583,577
Accumulated other comprehensive loss (1,175)(897)(56)  
Accumulated deficit (26,536)(19,463)(9,095)(7,195)(5,452)
Other undisclosed stockholders' equity attributable to parent 1926121,3597352
Other undisclosed stockholders' equity 1    
Total stockholders' equity: (3,520)9,9353,344(2,062)(1,820)
TOTAL LIABILITIES AND EQUITY: 13,03716,4646,7810294

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 30 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)
Operating loss: (1,564)(4,841)(1,281)(909)(1,666)
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)
Loss from continuing operations before equity method investments, income taxes: (10,422)(11,947)(1,939)(1,014)(1,738)
Other undisclosed income (loss) from continuing operations before income taxes 3,3481,57939(729)(607)
Net loss available to common stockholders, diluted: (7,074)(10,368)(1,900)(1,743)(2,345)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (7,074)(10,368)(1,900)(1,743)(2,345)
Comprehensive loss: (7,074)(10,368)(1,900)(1,743)(2,345)
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)

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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