Jacksam Corp (JKSM) financial statements (2022 and earlier)

Company profile

Business Address 30191 AVENIDA DE LAS BANDERAS STE B
RANCHO SANTA MARGARITA, CA 92688
State of Incorp. NV
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3454904541,074   
Cash and cash equivalents3454904541,074   
Receivables591293 25   
Inventory, net of allowances, customer advances and progress billings197189190764   
Inventory197189190764   
Prepaid expense9148252385  
Other undisclosed current assets  106    
Total current assets:1,1411,1201,0011,9015  
Noncurrent Assets
Operating lease, right-of-use asset  9
Property, plant and equipment13 14   
Other undisclosed noncurrent assets  13    
Total noncurrent assets:132314   
TOTAL ASSETS:1,1431,1241,0231,9165  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:642681697538375326279
Accounts payable14179  212122
Accrued liabilities2,2641,6961,6421,642   
Interest and dividends payable38   354305257
Other undisclosed accounts payable and accrued liabilities(1,674)(1,194)(945)(1,105)   
Deferred revenue1721,024 
Debt8810914571   
Deferred compensation liability   907   
Derivative instruments and hedges, liabilities3261,305     
Due to related parties    1,2201,2201,220
Other undisclosed current liabilities3,4663,5614,5694,861   
Total current liabilities:4,6936,6815,4116,3761,5951,5461,499
Noncurrent Liabilities
Long-term debt and lease obligation88148     
Long-term debt, excluding current maturities88148     
Liabilities, other than long-term debt  220    
Other liabilities  220    
Other undisclosed noncurrent liabilities617      
Total noncurrent liabilities:705148220    
Total liabilities:5,3986,8295,6316,3761,5951,5461,499
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,514)(5,705)(4,608)(4,461)(1,590)(1,546)(1,499)
Common stock7466634833333
Additional paid in capital6,2104,7083,3961110,11510,10610,099
Accumulated deficit(11,131)(11,125)(8,067)(4,519)(11,738)(11,685)(11,601)
Other undisclosed stockholders' equity attributable to parent332645     
Other undisclosed stockholders' equity259      
Total stockholders' equity:(4,255)(5,705)(4,608)(4,461)(1,590)(1,546)(1,499)
TOTAL LIABILITIES AND EQUITY:1,1431,1241,0231,9165  

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
Revenues6,7493,2824,5916,629   
Gain on disposition of assets for financial service operations1,4001,2051,303 
Cost of revenue(4,861)(1,789)(3,585)(4,859)   
Cost of goods and services sold(4,861)(1,789)(3,585)(129)   
Gross profit:1,8881,4931,0061,770   
Operating expenses(2,526)(1,882)(4,524)(3,567)(4)(36) 
Operating loss:(637)(389)(3,518)(1,797)(4)(36) 
Nonoperating income (expense)632(2,670)(27)(142)(49)(49)(58)
Other nonoperating income (expense)632 (14)(142)   
Interest and debt expense(870)(399)(89)(136)(49)(49)(58)
Other undisclosed income from continuing operations before equity method investments, income taxes2,5704,9943,7762,749   
Income (loss) from continuing operations before income taxes:1,6941,536142673(101)(133)(116)
Income tax expense  (1)(1)   
Other undisclosed income from continuing operations    494958
Net income (loss):1,6941,536141672(53)(85)(58)
Net income attributable to noncontrolling interest      58
Other undisclosed net loss attributable to parent(1,700)(4,595)(3,686)(2,612)(0)(0)(58)
Net loss attributable to parent:(5)(3,059)(3,545)(1,940)(53)(85)(58)
Other undisclosed net loss available to common stockholders, basic(7)      
Net loss available to common stockholders, basic:(13)(3,059)(3,545)(1,940)(53)(85)(58)
Interest on convertible debt847  116   
Net income (loss) available to common stockholders, diluted:834(3,059)(3,545)(1,824)(53)(85)(58)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
Net income (loss):1,6941,536141672(53)(85)(58)
Other comprehensive loss    (53)(85)(58)
Comprehensive income (loss):1,6941,536141672(105)(169)(116)
Comprehensive income, net of tax, attributable to noncontrolling interest      58
Comprehensive income (loss), net of tax, attributable to parent:1,6941,536141672(105)(169)(58)

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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