GB Sciences, Inc. (GBLX) financial statements (2021 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 millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100430 
Cash and cash equivalents100430 
Receivables 501 00
Inventory, net of allowances, customer advances and progress billings 1210  
Inventory 1210  
Prepaid expense  12000
Disposal group, including discontinued operation2      
Other undisclosed current assets00     
Total current assets:3737300
Noncurrent Assets
Operating lease, right-of-use asset 0
Property, plant and equipment062414921
Long-term investments and receivables 0     
Accounts and financing receivable, after allowance for credit loss 0     
Intangible assets, net (including goodwill)2221 00
Intangible assets, net (excluding goodwill)2221 00
Deposits noncurrent assets  11100
Disposal group, including discontinued operation, noncurrent assets6      
Other noncurrent assets      0
Other undisclosed noncurrent assets  000 (0)
Total noncurrent assets:7727171021
TOTAL ASSETS:101430241321
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4441121
Accounts payable1330011
Accrued liabilities1100010
Taxes payable111    
Interest and dividends payable0000000
Debt4631000
Due to related parties01     
Disposal group, including discontinued operation1      
Deferred revenue and credits   0
Other undisclosed current liabilities 0    0
Total current liabilities:91172121
Noncurrent Liabilities
Long-term debt and lease obligation046642 
Long-term debt, excluding current maturities0 0002 
Finance lease, liability 4
Capital lease obligations664  
Operating lease, liability 0
Liabilities, other than long-term debt3     0
Deferred revenue and credits   0
Disposal group, including discontinued operation, liabilities3      
Other undisclosed noncurrent liabilities (0)     
Total noncurrent liabilities:4466420
Other undisclosed liabilities      (0)
Total liabilities:1314138541
Stockholders' equity
Stockholders' equity attributable to parent, including:(2)(0)8138(2)0
Common stock0000000
Additional paid in capital98979371411715
Deferred compensation equity    22 
Accumulated deficit(101)(97)(85)(58)(35)(21)(14)
Other undisclosed stockholders' equity attributable to parent      (0)
Stockholders' equity attributable to noncontrolling interest  930(0)(0)
Other undisclosed stockholders' equity      1
Total stockholders' equity:(2)(0)17168(2)0
TOTAL LIABILITIES AND EQUITY:101430241321

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues1333   
Cost of revenue(3)(4)(3)(1)   
Cost of goods and services sold   (1)   
Gross profit:(2)(1)02   
Operating expenses(1)(11)(16)(20)(9)(7)8
Operating income (loss):(3)(12)(16)(18)(9)(7)8
Nonoperating income (expense)70(9)(5)(1)(0)0
Investment income, nonoperating 4     
Other nonoperating income (expense)0(0)(3)(0)(0)(0)0
Interest and debt expense4(0)(5)(5)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:8(12)(29)(28)(10)(7)8
Other undisclosed income (loss) from continuing operations before income taxes(4)05    
Income (loss) from continuing operations before income taxes:4(12)(24)(28)(10)(7)8
Income tax expense (benefit)0(0)(1)    
Income (loss) from continuing operations:4(12)(25)(28)(10)(7)8
Income (loss) from discontinued operations0(1)     
Other undisclosed loss before gain (loss) on sale of properties(1)      
Income (loss) before gain (loss) on sale of properties:3(13)(25)(28)(10)(7)8
Other undisclosed net income (loss)   500(16)
Net income (loss):3(13)(25)(23)(10)(7)(8)
Net income (loss) attributable to noncontrolling interest(0)110000
Net income (loss) attributable to parent:3(12)(24)(23)(10)(7)(8)
Other undisclosed net loss available to common stockholders, basic  (3)    
Net income (loss) available to common stockholders, diluted:3(12)(27)(23)(10)(7)(8)

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):3(13)(25)(23)(10)(7)(8)
Comprehensive income (loss):3(13)(25)(23)(10)(7)(8)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)110000
Comprehensive income (loss), net of tax, attributable to parent:3(12)(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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