Gratitude Health, Inc. (GRTD) financial statements (2021 and earlier)

Company profile

Business Address 4014 CHASE AVENUE, #212
MIAMI BEACH, FL 33140
State of Incorp. NV
Fiscal Year End December 31
SIC 596 - Nonstore Retailers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments447115605128
Cash and cash equivalents447115605128
Receivables5291525
Inventory, net of allowances, customer advances and progress billings  60112156212
Inventory  60112156212
Prepaid expense29119   
Other undisclosed current assets   85116155
Total current assets:481128139204288400
Noncurrent Assets
Operating lease, right-of-use asset 41
Property, plant and equipment3(25)37396588
Intangible assets, net (including goodwill) 25 142182375
Goodwill 25    
Intangible assets, net (excluding goodwill)   142182375
Deposits noncurrent assets 77   
Other undisclosed noncurrent assets 1 333
Total noncurrent assets:34844184249466
TOTAL ASSETS:484175183388537865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:35215070266299226
Accounts payable352    197
Employee-related liabilities 1822   
Interest and dividends payable     7
Other undisclosed accounts payable and accrued liabilities 1324826629922
Debt1411,006 21321920
Derivative instruments and hedges, liabilities180   306203
Due to related parties   893796371
Deferred revenue and credits141411
Customer advances and deposits7528(116)
Other undisclosed current liabilities2731822429 581
Total current liabilities:9471,174921,8891,6621,295
Noncurrent Liabilities
Long-term debt and lease obligation15215 5205
Long-term debt, excluding current maturities152  5205
Operating lease, liability 15
Liabilities, other than long-term debt    306 
Derivative instruments and hedges, liabilities    306 
Other undisclosed noncurrent liabilities1,300   194 
Total noncurrent liabilities:1,45215 55205
Total liabilities:2,3991,189921,8942,1821,300
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,915)(1,013)91(1,506)(1,645)(435)
Common stock191717505048
Additional paid in capital4,3992,5701,1861,89380731
Accumulated deficit(6,333)(3,604)(1,115)(3,449)(2,502)(515)
Other undisclosed stockholders' equity attributable to parent 44   
Other undisclosed stockholders' equity3,830     
Total stockholders' equity:1,915(1,013)91(1,506)(1,645)(435)
Other undisclosed liabilities and equity(3,830)     
TOTAL LIABILITIES AND EQUITY:484175183388537865

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues55197611,0872,158
Revenue, net7611,0872,158
Other income5     
Cost of revenue(873)(69)(16)(366)(678)(1,199)
Cost of goods and services sold(117)(14)(23)(4)(43)(1,203)
Other undisclosed gross profit1,331     
Gross profit:463(64)3395409958
Operating expenses(1,767)(993)(988)(661)(1,944)(1,457)
Operating loss:(1,304)(1,057)(985)(266)(1,535)(498)
Nonoperating income (expense)24(117)(34)(99)(451)(17)
Debt instrument, convertible, beneficial conversion feature 69    
Interest and debt expense7(117)(34)(99)(348)(314)
Loss from continuing operations before equity method investments, income taxes:(1,273)(1,290)(1,052)(464)(2,335)(829)
Other undisclosed income (loss) from continuing operations before income taxes(7)1173499348314
Loss from continuing operations:(1,280)(1,173)(1,019)(365)(1,987)(515)
Income from discontinued operations38     
Net loss attributable to parent:(1,242)(1,173)(1,019)(365)(1,987)(515)
Other undisclosed net loss available to common stockholders, basic (1,315)    
Net loss available to common stockholders, diluted:(1,242)(2,488)(1,019)(365)(1,987)(515)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1,242)(1,173)(1,019)(365)(1,987)(515)
Comprehensive loss, net of tax, attributable to parent:(1,242)(1,173)(1,019)(365)(1,987)(515)

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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