Groove Botanicals, Inc. (GRVE) financial statements (2021 and earlier)

Company profile

Business Address 310 FOURTH AVENUE SOUTH
MINNEAPOLIS, MN 55415
State of Incorp. CO
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)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105108136224130
Cash and cash equivalents105108136224130
Receivables (29)659085
Deferred costs (405)373  
Other undisclosed current assets 433(4)302160
Total current assets:105108569616375
Noncurrent Assets
Property, plant and equipment9141842 
Oil and gas property, full cost method3575239149173
Long-term investments and receivables   313
Accounts and financing receivable, after allowance for credit loss   313
Intangible assets, net (including goodwill)  5396138
Intangible assets, net (excluding goodwill)  5396138
Other undisclosed noncurrent assets1771771,8671,8251,867
Total noncurrent assets:2212652,1782,1152,191
TOTAL ASSETS:3253742,7472,7312,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:208195434580631
Accounts payable133131372375388
Accrued liabilities766462204242
Employee-related liabilities220205211  
Interest and dividends payable35820533  
Other undisclosed accounts payable and accrued liabilities(577)(411)(244)  
Debt149149500500250
Due to related parties240225231  
Other undisclosed current liabilities445215(232)(188)276
Total current liabilities:1,0427859338921,157
Noncurrent Liabilities
Long-term debt and lease obligation   514865
Long-term debt, excluding current maturities   514865
Liabilities, other than long-term debt150137124113103
Asset retirement obligations150137124113103
Other undisclosed noncurrent liabilities   665 
Total noncurrent liabilities:1501371241,292967
Total liabilities:1,1929211,0572,1832,124
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,000)(599)1,6901,212442
Preferred stock0000 
Common stock181817126
Additional paid in capital32,99332,99332,57232,02429,759
Accumulated deficit(34,012)(33,611)(30,899)(30,824)(29,973)
Other undisclosed stockholders' equity attributable to parent0000650
Stockholders' equity attributable to noncontrolling interest13351   
Other undisclosed stockholders' equity   (665) 
Total stockholders' equity:(867)(548)1,690548442
TOTAL LIABILITIES AND EQUITY:3253742,7472,7312,566

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues 53110156164
Revenue, net 53110156164
Cost of revenue
(Cost of Goods and Services Sold)
 (66)(100)(134)(125)
Gross profit: (13)102239
Operating expenses(294)(2,823)(484)(799)(738)
Other undisclosed operating income6366100134125
Operating loss:(237)(2,770)(374)(643)(574)
Nonoperating income (expense) 266474(143)(175)
Interest and debt expense (283)382(86)(175)
Income (loss) from continuing operations before equity method investments, income taxes:(237)(2,787)482(872)(924)
Other undisclosed income (loss) from continuing operations before income taxes(6)283(382)86175
Net income (loss):(243)(2,504)100(786)(749)
Net income attributable to noncontrolling interest80   
Other undisclosed net loss attributable to parent(8)(0)   
Net income (loss) attributable to parent:(243)(2,504)100(786)(749)
Preferred stock dividends and other adjustments(230)(208)(176)(65)(40)
Other undisclosed net income available to common stockholders, basic80   
Net loss available to common stockholders, diluted:(464)(2,712)(75)(851)(789)

Comprehensive Income ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income (loss):(243)(2,504)100(786)(749)
Comprehensive income (loss):(243)(2,504)100(786)(749)
Comprehensive income, net of tax, attributable to noncontrolling interest80   
Comprehensive income (loss), net of tax, attributable to parent:(235)(2,504)100(786)(749)

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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