mCig, Inc. (MCIG) financial statements (2021 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)

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 investments2825121,63581103359
Cash and cash equivalents2825121,63581103359
Receivables3952,16115162241
Inventory, net of allowances, customer advances and progress billings8186354741
Inventory8186354741 
Prepaid expense1490147 4126
Other undisclosed current assets2264  15139
Total current assets:1,5312,8901,98794592545
Noncurrent Assets
Property, plant and equipment2,6773,1383,07012 
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 assets1,3988351,01818694 
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:8312197804515136
Accounts payable74    133
Employee-related liabilities49    3
Other undisclosed accounts payable and accrued liabilities7082197804515 
Deferred revenue21
Due to related parties1,21957117324  
Self insurance reserve 58711   
Deferred revenue and credits55177 4
Other liabilities392 150   
Other undisclosed current liabilities 751    
Total current liabilities:2,4632,1321,6317615140
Noncurrent Liabilities
Long-term debt and lease obligation275     
Long-term debt, excluding current maturities275     
Other undisclosed noncurrent liabilities    15140
Total noncurrent liabilities:275   15140
Other undisclosed liabilities    673 
Total liabilities:2,7382,1321,63176702280
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8685,8275,3472916871,042
Preferred stock011222
Common stock52423931 27
Treasury stock, value(680)(680)(680)   
Additional paid in capital13,96812,67311,1196,9175,9241,394
Accumulated other comprehensive loss     (382)
Accumulated deficit(9,266)(6,208)(5,132)(6,659)(5,267)(382)
Other undisclosed stockholders' equity attributable to parent(1,206)   28382
Stockholders' equity attributable to noncontrolling interest (128) (18)  
Other undisclosed stockholders' equity1,206     
Total stockholders' equity:4,0745,6995,3472736871,042
Other undisclosed liabilities and equity(1,206)    (140)
TOTAL LIABILITIES AND EQUITY:5,6067,8316,9783501,3901,182

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

4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues2,3167,0794,7771,723515370
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 loss  (1)   
Operating income (loss):(3,258)(1,205)929(1,409)(4,266)(122)
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)(122)
Income tax expense    (0) 
Other undisclosed loss from continuing operations    (1,264) 
Income (loss) from continuing operations:(3,258)(1,139)1,964(1,409)(4,905)(122)
Income from discontinued operations479   36 
Income (loss) before gain (loss) on sale of properties:(2,779)(1,139)1,964(1,409)(4,869)(122)
Other undisclosed net income (loss)(279)62(436)18  
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)

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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