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 investments1,2841,6652,92610,526537888
Cash and cash equivalents1,2841,6652,92610,526537888
Restricted cash and investments250      
Receivables8006854,045851   
Inventory, net of allowances, customer advances and progress billings2,2411,228575747   
Inventory2,2411,228575747   
Prepaid expense259262234390117
Deposits current assets  2    
Other undisclosed current assets  159164   
Total current assets:4,8343,8417,94212,678548095
Noncurrent Assets
Operating lease, right-of-use asset2,3212,2501,403
Nontrade receivables   178   
Property, plant and equipment3,3223,4763,7761,910 12
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:1,2471,3051,4211,525112
Goodwill55855855825,743   
Intangible assets, net (excluding goodwill)1,2471,3051,4211,525112
Other undisclosed intangible assets, net (including goodwill)(558)(558)(558)(25,743)   
Other noncurrent assets260167167167   
Other undisclosed noncurrent assets55855855825,7462,05050657
Total noncurrent assets:7,7097,7567,32533,8262,05152160
TOTAL ASSETS:12,54311,59715,26746,5032,105132255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7031,6091,1731,517827582431
Accounts payable919772591510726  
Employee-related liabilities2782802122304454267
Interest and dividends payable 268222475252041
Other undisclosed accounts payable and accrued liabilities50628914730231508122
Debt6,533330 3,93331025273
Derivative instruments and hedges, liabilities    1,26695419
Due to related parties    181818
Business combination, contingent consideration, liability  1501,000   
Other liabilities250      
Other undisclosed current liabilities3,5253,045559475269879399
Total current liabilities:12,0114,9841,8826,9252,6891,8261,339
Noncurrent Liabilities
Long-term debt and lease obligation15,26921,70918,78114,54141 43
Long-term debt, excluding current maturities13,21919,73017,64414,54141 43
Operating lease, liability2,0491,9791,136
Liabilities, other than long-term debt      73
Due to related parties      73
Other undisclosed noncurrent liabilities(2,049)(1,979)(1,136) 3192231
Total noncurrent liabilities:15,26921,70918,78114,54144192347
Total liabilities:27,28026,69420,66321,4662,7332,0181,686
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,734)(15,097)(5,396)25,038(628)(1,887)(1,431)
Common stock13131313532
Additional paid in capital77,84277,56171,19770,75817,6297,0332,627
Accumulated deficit(92,655)(92,737)(76,846)(46,188)(18,569)(8,992)(4,126)
Other undisclosed stockholders' equity attributable to parent66662414553086966
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:12,54311,59715,26746,5032,105132255

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
Revenues21,51819,29211,9188,459   
Cost of revenue(10,935)(9,645)(5,959)(4,836)   
Gross profit:10,5839,6475,9583,623   
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   5,8891,759  
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) 2,9414,4482943402
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 taxes6,1066,106     
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 interest4      
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 interest4      
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.

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