FREEDOM LEAF INC (FRLF) financial statements (2021 and earlier)

Company profile

Business Address 3939 BELT LINE RD., SUITE 350
ADDISON, TX 75001
State of Incorp. NV
Fiscal Year End June 30
SIC 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments328336542219
Cash and cash equivalents328336542219
Receivables117170191 12 
Inventory, net of allowances, customer advances and progress billings1,9701,084202 2 
Inventory1,9701,084202 2  
Prepaid expense   2   
Other undisclosed current assets81173757963822 
Total current assets:3,2262,3271,026642759
Noncurrent Assets
Operating lease, right-of-use asset496
Property, plant and equipment1442224,786    
Intangible assets, net (including goodwill)15,58215,6781,5931175
Goodwill15,12815,12870    
Intangible assets, net (excluding goodwill)4545501,5231175 
Other noncurrent assets10      
Other undisclosed noncurrent assets  99533844 
Total noncurrent assets:16,23215,8997,374349118 
TOTAL ASSETS:19,45818,2278,40099118149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6235,529558487723 
Accounts payable   16475 
Accrued liabilities   323018 
Other undisclosed accounts payable and accrued liabilities2,6235,529558    
Deferred revenue1,1871,699
Debt2,8461,646382345  
Derivative instruments and hedges, liabilities   53   
Due to related parties6,260370  4527 
Other undisclosed current liabilities66 7110  
Total current liabilities:12,9229,24993917417650 
Noncurrent Liabilities
Long-term debt and lease obligation467874,442    
Long-term debt, excluding current maturities86874,442    
Operating lease, liability381
Liabilities, other than long-term debt46  479126194 
Due to related parties46  291126194 
Other liabilities   188   
Total noncurrent liabilities:513874,442479126194 
Other undisclosed liabilities  0    
Total liabilities:13,4359,3365,381653303245 
Commitments and contingencies   150   
Stockholders' equity
Stockholders' equity attributable to parent, including:5,9818,8483,027188(284)(231)9
Preferred stock 1111  
Common stock5863111851119417497
Additional paid in capital42,18930,84212,3784,9973,801594 
Deferred compensation equity    (170)  
Accumulated other comprehensive income41184    
Accumulated deficit(36,835)(22,323)(9,541)(4,921)(4,010)(999)(6)
Other undisclosed stockholders' equity attributable to parent    (0) (82)
Stockholders' equity attributable to noncontrolling interest4343(9)    
Total stockholders' equity:6,0238,8913,018188(284)(231)9
Other undisclosed liabilities and equity  (0)    
TOTAL LIABILITIES AND EQUITY:19,45818,2278,40099118149

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues3,8322,31941181711849326
Revenue from related parties  240
Cost of revenue(2,706)(2,315)(311)(124)(132)(214)(376)
Cost of goods and services sold (21)(36)   (375)
Other undisclosed gross profit      47
Gross profit:1,1264100693(14)(165)(3)
Operating expenses(27,805)(13,627)(3,524)(1,463)(2,703)(834)(37)
Other undisclosed operating income2,0462,315311 0  
Operating loss:(24,633)(11,308)(3,113)(770)(2,717)(999)(40)
Nonoperating expense(1,559)(1,474)(1,507)(79)(290)  
Debt instrument, convertible, beneficial conversion feature  (45)(79)(290)  
Interest and debt expense(90)100(1,064)(47)(4)  
Loss from continuing operations before income taxes:(26,281)(12,682)(5,684)(896)(3,011)(999)(40)
Other undisclosed income (loss) from continuing operations(13)(100)1,064    
Loss before gain (loss) on sale of properties:(26,294)(12,782)(4,620)(896)(3,011)(999)(40)
Other undisclosed net income154510    
Net loss:(26,141)(12,731)(4,620)(896)(3,011)(999)(40)
Net income (loss) attributable to noncontrolling interest6151(9)    
Other undisclosed net income (loss) attributable to parent(103)(103) (15) 0 
Net loss attributable to parent:(26,183)(12,782)(4,629)(911)(3,011)(999)(40)
Other undisclosed net income (loss) available to common stockholders, basic5151(0)    
Net loss available to common stockholders, diluted:(26,131)(12,731)(4,629)(911)(3,011)(999)(40)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net loss:(26,141)(12,731)(4,620)(896)(3,011)(999)(40)
Other undisclosed comprehensive income15,931      
Comprehensive loss:(10,210)(12,731)(4,620)(896)(3,011)(999)(40)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6151(9)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15,944)(38)4    
Comprehensive loss, net of tax, attributable to parent:(26,093)(12,717)(4,625)(896)(3,011)(999)(40)

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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