mCig, Inc. (MCIG) financial statements (2020 and earlier)

Company profile

Business Address 10752 DEERWOOD PARK BLVD, SUITE 100
JACKSONVILLE, FL 32256
State of Incorp. NV
Fiscal Year End April 30
SIC 2111 - Cigarettes (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 2825121,63581103359
Cash and cash equivalents 2825121,635811034
Other undisclosed cash, cash equivalents, and short-term investments      355
Receivables 3952,161151622 
Inventory, net of allowances, customer advances and progress billings 8186354741
Inventory 8186354741 
Prepaid expense 1490147 4126
Other undisclosed current assets 2264  15180
Total current assets: 1,5312,8901,98794592545
Noncurrent Assets
Property, plant and equipment 2,6773,1383,07012 
Long-term investments and receivables  96890268 625
Long-term investments  96890268 625
Intangible assets, net (including goodwill)    01412
Intangible assets, net (excluding goodwill)    01412
Other undisclosed noncurrent assets 1,3988351,01818694 
Total noncurrent assets: 4,0754,9414,991256110637
TOTAL ASSETS: 5,6067,8316,9783507021,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 8312197804515133
Accounts payable 74    133
Employee-related liabilities 49     
Other undisclosed accounts payable and accrued liabilities 7082197804515 
Deferred revenue 21
Due to related parties 1,21957117324 3
Self insurance reserve  58711   
Deferred revenue and credits55177 4
Other liabilities 392 150   
Other undisclosed current liabilities  751    
Total current liabilities: 2,4632,1321,6317615140
Noncurrent Liabilities
Long-term debt and lease obligation 275     
Long-term debt, excluding current maturities 275     
Other undisclosed noncurrent liabilities     15 
Total noncurrent liabilities: 275   15 
Other undisclosed liabilities     673 
Total liabilities: 2,7382,1321,63176702140
Stockholders' equity
Stockholders' equity attributable to parent, including: 2,8685,8275,3472916871,042
Preferred stock 011222
Common stock 52423931  
Treasury stock, value (680)(680)(680)   
Additional paid in capital 13,96812,67311,1196,9175,9241,394
Accumulated deficit (9,266)(6,208)(5,132)(6,659)(5,267)(382)
Other undisclosed stockholders' equity attributable to parent (1,206)   2827
Stockholders' equity attributable to noncontrolling interest  (128) (18)  
Other undisclosed stockholders' equity 1,206     
Total stockholders' equity: 4,0745,6995,3472736871,042
Other undisclosed liabilities and equity (1,206)     
TOTAL LIABILITIES AND EQUITY: 5,6067,8316,9783501,3901,182

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

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues 2,3167,0794,7771,723515370
Revenue, net7,0794,7771,723515 
Other income (398)   
Cost of revenue (2,080)(4,471)(2,881)(1,433)(424)(158)
Cost of goods and services sold  (4,091)(2,734) (424)(158)
Other undisclosed gross profit     17 
Gross profit: 2352,6071,896291108212
Operating expenses (3,493)(3,812)(966)(1,700)(4,374)(334)
Other undisclosed operating income (loss)   (1)  189
Operating income (loss): (3,258)(1,205)929(1,409)(4,266)67
Nonoperating income
(Investment Income, Nonoperating)
  661,035 625 
Income (loss) from continuing operations before income taxes: (3,258)(1,139)1,964(1,409)(3,641)67
Income tax expense     (0) 
Other undisclosed income (loss) from continuing operations     (1,264)124
Income (loss) from continuing operations: (3,258)(1,139)1,964(1,409)(4,905)191
Income from discontinued operations 479   36 
Income (loss) before gain (loss) on sale of properties: (2,779)(1,139)1,964(1,409)(4,869)191
Other undisclosed net income (loss) (279)62(436)18 (313)
Net income (loss): (3,057)(1,077)1,527(1,391)(4,869)(122)
Other undisclosed net loss attributable to parent (1,078)(128) (18)  
Net income (loss) attributable to parent: (4,135)(1,205)1,527(1,409)(4,869)(122)
Preferred stock dividends and other adjustments   (1)   
Other undisclosed net income available to common stockholders, basic     4,883 
Net income (loss) available to common stockholders, diluted: (4,135)(1,205)1,526(1,409)14(122)

Comprehensive Income ($ in thousands)

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income (loss): (3,057)(1,077)1,527(1,391)(4,869)(122)
Comprehensive income (loss), net of tax, attributable to parent: (3,057)(1,077)1,527(1,391)(4,869)(122)

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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