CLS Holdings USA, Inc. (CLSH) financial statements (2022 and earlier)
Company profile
| Business Address |
11767 SOUTH DIXIE HIGHWAY, SUITE 115 MIAMI, FL 33156 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| SIC | 59 - Miscellaneous Retail (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,284 | 1,665 | 2,926 | 10,526 | 53 | 78 | 88 | ||
| Cash and cash equivalents | 1,284 | 1,665 | 2,926 | 10,526 | 53 | 78 | 88 | ||
| Restricted cash and investments | 250 | ||||||||
| Receivables | 800 | 685 | 4,045 | 851 | |||||
| Inventory, net of allowances, customer advances and progress billings | 2,241 | 1,228 | 575 | 747 | |||||
| Inventory | 2,241 | 1,228 | 575 | 747 | |||||
| Prepaid expense | 259 | 262 | 234 | 390 | 1 | 1 | 7 | ||
| Deposits current assets | 2 | ||||||||
| Other undisclosed current assets | 159 | 164 | |||||||
| Total current assets: | 4,834 | 3,841 | 7,942 | 12,678 | 54 | 80 | 95 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,321 | 2,250 | 1,403 | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 178 | ||||||||
| Property, plant and equipment | 3,322 | 3,476 | 3,776 | 1,910 | 1 | 2 | |||
| Long-term investments and receivables | 4,299 | (500) | |||||||
| Accounts and financing receivable, after allowance for credit loss | 4,299 | (500) | |||||||
| Intangible assets, net (including goodwill), including: | 1,247 | 1,305 | 1,421 | 1,525 | 1 | 1 | 2 | ||
| Goodwill | 558 | 558 | 558 | 25,743 | |||||
| Intangible assets, net (excluding goodwill) | 1,247 | 1,305 | 1,421 | 1,525 | 1 | 1 | 2 | ||
| Other undisclosed intangible assets, net (including goodwill) | (558) | (558) | (558) | (25,743) | |||||
| Other noncurrent assets | 260 | 167 | 167 | 167 | |||||
| Other undisclosed noncurrent assets | 558 | 558 | 558 | 25,746 | 2,050 | 50 | 657 | ||
| Total noncurrent assets: | 7,709 | 7,756 | 7,325 | 33,826 | 2,051 | 52 | 160 | ||
| TOTAL ASSETS: | 12,543 | 11,597 | 15,267 | 46,503 | 2,105 | 132 | 255 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,703 | 1,609 | 1,173 | 1,517 | 827 | 582 | 431 | ||
| Accounts payable | 919 | 772 | 591 | 510 | 726 | ||||
| Employee-related liabilities | 278 | 280 | 212 | 230 | 44 | 54 | 267 | ||
| Interest and dividends payable | 268 | 222 | 475 | 25 | 20 | 41 | |||
| Other undisclosed accounts payable and accrued liabilities | 506 | 289 | 147 | 302 | 31 | 508 | 122 | ||
| Debt | 6,533 | 330 | 3,933 | 310 | 252 | 73 | |||
| Derivative instruments and hedges, liabilities | 1,266 | 95 | 419 | ||||||
| Due to related parties | 18 | 18 | 18 | ||||||
| Business combination, contingent consideration, liability | 150 | 1,000 | |||||||
| Other liabilities | 250 | ||||||||
| Other undisclosed current liabilities | 3,525 | 3,045 | 559 | 475 | 269 | 879 | 399 | ||
| Total current liabilities: | 12,011 | 4,984 | 1,882 | 6,925 | 2,689 | 1,826 | 1,339 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15,269 | 21,709 | 18,781 | 14,541 | 41 | 43 | |||
| Long-term debt, excluding current maturities | 13,219 | 19,730 | 17,644 | 14,541 | 41 | 43 | |||
| Operating lease, liability | 2,049 | 1,979 | 1,136 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 73 | ||||||||
| Due to related parties | 73 | ||||||||
| Other undisclosed noncurrent liabilities | (2,049) | (1,979) | (1,136) | 3 | 192 | 231 | |||
| Total noncurrent liabilities: | 15,269 | 21,709 | 18,781 | 14,541 | 44 | 192 | 347 | ||
| Total liabilities: | 27,280 | 26,694 | 20,663 | 21,466 | 2,733 | 2,018 | 1,686 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (14,734) | (15,097) | (5,396) | 25,038 | (628) | (1,887) | (1,431) | ||
| Common stock | 13 | 13 | 13 | 13 | 5 | 3 | 2 | ||
| Additional paid in capital | 77,842 | 77,561 | 71,197 | 70,758 | 17,629 | 7,033 | 2,627 | ||
| Accumulated deficit | (92,655) | (92,737) | (76,846) | (46,188) | (18,569) | (8,992) | (4,126) | ||
| Other undisclosed stockholders' equity attributable to parent | 66 | 66 | 241 | 455 | 308 | 69 | 66 | ||
| Stockholders' equity attributable to noncontrolling interest | (4) | ||||||||
| Total stockholders' equity: | (14,737) | (15,097) | (5,396) | 25,038 | (628) | (1,887) | (1,431) | ||
| TOTAL LIABILITIES AND EQUITY: | 12,543 | 11,597 | 15,267 | 46,503 | 2,105 | 132 | 255 | ||
Income statement (P&L) ($ in thousands)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,518 | 19,292 | 11,918 | 8,459 | ||||
| Cost of revenue | (10,935) | (9,645) | (5,959) | (4,836) | ||||
| Gross profit: | 10,583 | 9,647 | 5,958 | 3,623 | ||||
| Operating expenses | (14,042) | (13,300) | (33,962) | (26,472) | (3,116) | (1,611) | (2,270) | |
| Other operating expense, net (Other Expenses) | (13) | |||||||
| Other undisclosed operating income | 13 | |||||||
| Operating loss: | (3,460) | (3,652) | (28,004) | (22,849) | (3,116) | (1,611) | (2,270) | |
| Nonoperating expense | (7,399) | (9,748) | (2,654) | (4,770) | (6,461) | (3,255) | (340) | |
| Investment income, nonoperating | 275 | (951) | ||||||
| Debt instrument, convertible, beneficial conversion feature | 5,889 | 1,759 | ||||||
| Interest and debt expense | (5,453) | (6,106) | (2,941) | (4,448) | (29) | (43) | (402) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (653) | 2,941 | 4,448 | 29 | 43 | 402 | ||
| Loss from continuing operations before equity method investments, income taxes: | (16,964) | (19,506) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
| Other undisclosed income from continuing operations before income taxes | 6,106 | 6,106 | ||||||
| Loss from continuing operations before income taxes: | (10,858) | (13,400) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
| Income tax expense | (469) | (2,490) | ||||||
| Other undisclosed loss from continuing operations | (2,490) | |||||||
| Net loss: | (13,817) | (15,891) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
| Net income attributable to noncontrolling interest | 4 | |||||||
| Net loss available to common stockholders, diluted: | (13,814) | (15,891) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
Comprehensive Income ($ in thousands)
| 11/30/2021 TTM | 5/31/2021 | 5/31/2020 | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (13,817) | (15,891) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
| Comprehensive loss: | (13,817) | (15,891) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 4 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (13,814) | (15,891) | (30,658) | (27,619) | (9,577) | (4,866) | (2,610) | |
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.