Gilla Inc (GLLA) financial statements (2020 and earlier)

Company profile

Business Address 475 FENTRESS BLVD.
DAYTONA BEACH, FL 32114
State of Incorp. NV
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6218582497356
Cash and cash equivalents6218582497356
Receivables2328046370
Inventory, net of allowances, customer advances and progress billings4515451557991
Inventory4515451557991
Other current assets176463322  
Other undisclosed current assets   37835
Total current assets:9221,273604991482
Noncurrent Assets
Property, plant and equipment2869315024
Intangible assets, net (including goodwill)3,0681,0501,467 
Goodwill2,3778891,252  
Intangible assets, net (excluding goodwill)692160215  
Other undisclosed noncurrent assets5799343
Total noncurrent assets:3,3591,1501,6279547
TOTAL ASSETS:4,2812,4232,2311,086529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6072,162939378182
Accounts payable2,1881,758688309125
Accrued liabilities4194052526957
Debt1,5501,928495387 
Due to related parties2531,4799971,145767
Other undisclosed current liabilities1,17187897574324
Total current liabilities:5,5816,4473,4071,9841,274
Noncurrent Liabilities
Long-term debt and lease obligation3468426825480
Long-term debt, excluding current maturities3468426825480
Liabilities, other than long-term debt2,7511,086662100 
Accounts payable and accrued liabilities469    
Due to related parties2,2821,086662100 
Other undisclosed noncurrent liabilities2,159497664531 
Total noncurrent liabilities:5,2561,6671,594656480
Total liabilities:10,8368,1145,0012,6401,753
Stockholders' equity
Stockholders' equity attributable to parent, including:(6,555)(5,691)(2,770)(1,553)(1,225)
Common stock2720201913
Additional paid in capital12,7597,0485,5823,9981,286
Accumulated other comprehensive income7334536013245
Accumulated deficit(19,899)(13,251)(8,751)(5,702) 
Other undisclosed stockholders' equity attributable to parent48514720 (2,568)
Total stockholders' equity:(6,555)(5,691)(2,770)(1,553)(1,225)
TOTAL LIABILITIES AND EQUITY:4,2812,4232,2311,086529

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,6014,5511,16358277
Revenue, net4,6014,5511,163582 
Cost of revenue
(Cost of Goods and Services Sold)
(1,641)(1,928)(909)(627)(62)
Other undisclosed gross profit   136 
Gross profit:2,9602,6232549115
Operating expenses(7,226)(6,371)(2,829)(2,240)(1,354)
Operating loss:(4,266)(3,747)(2,575)(2,149)(1,339)
Nonoperating expense(2,490)(753)(473)(973)(164)
Foreign currency transaction gain (loss), before tax(261)(35)156(43) 
Interest and debt expense(998)(623)(25)(276)(128)
Loss from continuing operations before income taxes:(7,754)(5,123)(3,073)(3,399)(1,631)
Income tax benefit108    
Net loss:(7,646)(5,123)(3,073)(3,399)(1,631)
Other undisclosed net income attributable to parent99862325303128
Net loss available to common stockholders, diluted:(6,648)(4,500)(3,048)(3,096)(1,503)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(7,646)(5,123)(3,073)(3,399)(1,631)
Comprehensive loss:(7,646)(5,123)(3,073)(3,399)(1,631)
Other undisclosed comprehensive income, net of tax, attributable to parent725609252390176
Comprehensive loss, net of tax, attributable to parent:(6,920)(4,514)(2,821)(3,009)(1,455)

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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