GB Sciences, Inc. (GBLX) financial statements (2020 and earlier)

Company profile

Business Address 6450 CAMERON STREET #110A
LAS VEGAS, NV 89118
State of Incorp. DE
Fiscal Year End March 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00430 
Cash and cash equivalents00430 
Receivables001 00
Inventory, net of allowances, customer advances and progress billings2210  
Inventory2210  
Prepaid expense 12000
Disposal group, including discontinued operation1     
Other undisclosed current assets0     
Total current assets:337300
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment102414921
Intangible assets, net (including goodwill)221 00
Intangible assets, net (excluding goodwill)221 00
Deposits noncurrent assets011100
Disposal group, including discontinued operation, noncurrent assets14     
Other noncurrent assets     0
Other undisclosed noncurrent assets 000 (0)
Total noncurrent assets:2627171021
TOTAL ASSETS:3030241321
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities341121
Accounts payable230011
Accrued liabilities000010
Taxes payable11    
Interest and dividends payable000000
Debt531000
Deferred compensation liability     2
Disposal group, including discontinued operation2     
Deferred revenue and credits   0
Other undisclosed current liabilities     0
Total current liabilities:972123
Noncurrent Liabilities
Long-term debt and lease obligation46642 
Long-term debt, excluding current maturities00002 
Finance lease, liability4
Capital lease obligations664  
Operating lease, liability0
Liabilities, other than long-term debt2    1
Deferred revenue and credits   0
Disposal group, including discontinued operation, liabilities2     
Other liabilities     1
Other undisclosed noncurrent liabilities     (1)
Total noncurrent liabilities:666420
Other undisclosed liabilities     0
Total liabilities:16138543
Stockholders' equity
Stockholders' equity attributable to parent, including:58138(2)(2)
Common stock000000
Additional paid in capital959371411712
Deferred compensation equity   22 
Accumulated deficit(90)(85)(58)(35)(21)(14)
Other undisclosed stockholders' equity attributable to parent     (0)
Stockholders' equity attributable to noncontrolling interest9930(0)(0)
Other undisclosed stockholders' equity     1
Total stockholders' equity:1417168(2)(2)
TOTAL LIABILITIES AND EQUITY:3030241321

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

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues433   
Cost of revenue(5)(3)(1)   
Cost of goods and services sold  (1)   
Gross profit:(1)02   
Operating expenses(10)(16)(20)(9)(7)8
Operating income (loss):(12)(16)(18)(9)(7)8
Nonoperating income (expense)(2)(9)(5)(1)(0)0
Other nonoperating income (expense)(0)(3)(0)(0)(0)0
Interest and debt expense(2)(5)(5)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(15)(29)(28)(10)(7)8
Other undisclosed income from continuing operations before income taxes25    
Income (loss) from continuing operations before income taxes:(14)(24)(28)(10)(7)8
Income tax expense(1)(1)    
Income (loss) from continuing operations:(14)(25)(28)(10)(7)8
Loss from discontinued operations(0)     
Income (loss) before gain (loss) on sale of properties:(15)(25)(28)(10)(7)8
Other undisclosed net income (loss)  500(16)
Net loss:(15)(25)(23)(10)(7)(8)
Net income (loss) attributable to noncontrolling interest11000(0)
Other undisclosed net income attributable to parent     1
Net loss attributable to parent:(14)(24)(23)(10)(7)(8)
Other undisclosed net loss available to common stockholders, basic(3)(3)    
Net loss available to common stockholders, diluted:(17)(27)(23)(10)(7)(8)

Comprehensive Income ($ in millions)

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net loss:(15)(25)(23)(10)(7)(8)
Comprehensive loss:(15)(25)(23)(10)(7)(8)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest11000(0)
Comprehensive loss, net of tax, attributable to parent:(14)(24)(23)(10)(7)(8)

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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