GB Sciences, Inc. (GBLX) financial statements (2022 and earlier)

Company profile

Business Address 6450 CAMERON STREET #110A
LAS VEGAS, NV 89118
State of Incorp. NV
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 thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5047931522283,5802,69335
Cash and cash equivalents1,5047931522283,5802,69335
Receivables  5,342488667 68
Inventory, net of allowances, customer advances and progress billings  1,4462,1371,04989 
Inventory  1,4462,1371,04989 
Prepaid expense   6141,957166105
Disposal group, including discontinued operation 2,495     
Other undisclosed current assets11225661    
Total current assets:1,6173,5447,0013,4677,2532,948208
Noncurrent Assets
Operating lease, right-of-use asset  27
Property, plant and equipment 255,53423,50513,7598,6431,953
Long-term investments and receivables  92    
Accounts and financing receivable, after allowance for credit loss  92    
Intangible assets, net (including goodwill)2,1341,7071,7001,8191,404 4
Intangible assets, net (excluding goodwill)2,1341,7071,7001,8191,404 4
Deposits noncurrent assets   1,2241,4641,203271
Disposal group, including discontinued operation, noncurrent assets 5,530     
Other undisclosed noncurrent assets3,025  9169213 
Total noncurrent assets:5,1597,2627,35226,55716,79710,0592,228
TOTAL ASSETS:6,77510,80614,35330,02324,05013,0072,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0453,6264,4394,1828646731,798
Accounts payable1,7361,4122,5603,071372176902
Accrued liabilities103958888463316448834
Taxes payable837762593506   
Interest and dividends payable3704943981421764962
Debt1,5093,5955,7012,5301,0563464
Due to related parties8585738    
Disposal group, including discontinued operation 2,055     
Other undisclosed current liabilities (762)7    
Total current liabilities:4,6398,59810,8866,7121,9206762,262
Noncurrent Liabilities
Long-term debt and lease obligation3342923,5566,1556,4983,9272,149
Long-term debt, excluding current maturities334292 1613551552,149
Finance lease, liability  3,533
Capital lease obligations5,9946,1433,771 
Operating lease, liability  23
Liabilities, other than long-term debt 3,389     
Disposal group, including discontinued operation, liabilities 3,389     
Other undisclosed noncurrent liabilities  (23)    
Total noncurrent liabilities:3343,6823,5566,1556,4983,9272,149
Total liabilities:4,97312,28014,44112,8678,4184,6024,410
Stockholders' equity
Stockholders' equity attributable to parent1,803(1,474)(88)8,30012,7498,327(1,896)
Common stock3232282417125
Additional paid in capital102,683102,38197,27193,02070,96141,23816,638
Deferred compensation equity     2,3322,241
Accumulated deficit(100,912)(103,886)(97,387)(84,744)(58,229)(35,255)(20,780)
Stockholders' equity attributable to noncontrolling interest   8,8562,88377(79)
Total stockholders' equity:1,803(1,474)(88)17,15615,6328,405(1,975)
TOTAL LIABILITIES AND EQUITY:6,77510,80614,35330,02324,05013,0072,436

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues(2,337) 3,1213,4552,510  
Cost of revenue  (4,002)(3,246)(783)  
Cost of goods and services sold    (783)  
Gross profit:  (881)2081,728  
Operating expenses1,794(2,002)(11,129)(15,803)(19,552)(8,933)(6,959)
Other undisclosed operating income821      
Operating income (loss):2,615(2,002)(12,010)(15,594)(17,825)(8,933)(6,959)
Nonoperating income (expense)521(1,331)461(8,560)(5,335)(1,150)(120)
Investment income, nonoperating5,206 4,393    
Other nonoperating expense(7) (194)(3,369)(158)(249)(15)
Interest and debt expense275468(127)(5,191)(5,176)(249)(105)
Income (loss) from continuing operations before equity method investments, income taxes:3,411(2,865)(11,676)(29,345)(28,336)(10,332)(7,184)
Other undisclosed income (loss) from continuing operations before income taxes(275)(468)1275,191   
Income (loss) from continuing operations before income taxes:3,136(3,333)(11,549)(24,154)(28,336)(10,332)(7,184)
Income tax expense  (87)(526)   
Income (loss) from continuing operations:3,136(3,333)(11,635)(24,680)(28,336)(10,332)(7,184)
Income (loss) from discontinued operations759(392)(1,476)    
Income (loss) before gain (loss) on sale of properties:3,896(3,725)(13,112)(24,680)(28,336)(10,332)(7,184)
Other undisclosed net income    5,176249105
Net income (loss):3,896(3,725)(13,112)(24,680)(23,159)(10,083)(7,079)
Net income attributable to noncontrolling interest  7381,027185173308
Other undisclosed net loss attributable to parent(738)      
Net income (loss) attributable to parent:3,157(3,725)(12,374)(23,653)(22,974)(9,910)(6,771)
Other undisclosed net loss available to common stockholders, basic   (2,861)   
Net income (loss) available to common stockholders, basic:3,157(3,725)(12,374)(26,515)(22,974)(9,910)(6,771)
Interest on convertible debt159      
Dilutive securities, effect on basic earnings per share(159)      
Other undisclosed net loss available to common stockholders, diluted(159)      
Net income (loss) available to common stockholders, diluted:2,998(3,725)(12,374)(26,515)(22,974)(9,910)(6,771)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):3,896(3,725)(13,112)(24,680)(23,159)(10,083)(7,079)
Comprehensive income (loss):3,896(3,725)(13,112)(24,680)(23,159)(10,083)(7,079)
Comprehensive income, net of tax, attributable to noncontrolling interest  7381,027185173308
Other undisclosed comprehensive loss, net of tax, attributable to parent(738)      
Comprehensive income (loss), net of tax, attributable to parent:3,157(3,725)(12,374)(23,653)(22,974)(9,910)(6,771)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: