MJ Harvest, Inc. (MJHI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
9205 W RUSSELL RD LAS VEGAS, NV 89139 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| Industry (SIC) | 3523 - Farm Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 2/28/2023 MRQ | 11/30/2022 MRQ | 5/31/2022 | 5/31/2021 | 5/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 162 | 50 | 41 | 123 | 32 | ||
| Cash and cash equivalents | 162 | 50 | 41 | 123 | 32 | ||
| Receivables | 1,068 | 19 | |||||
| Inventory, net of allowances, customer advances and progress billings | 1,061 | 960 | 197 | 28 | 33 | ||
| Inventory | 1,061 | 960 | 197 | 28 | 33 | ||
| Deposits current assets | 20 | ||||||
| Other undisclosed current assets | 115 | (1,019) | 20 | ||||
| Total current assets: | 1,337 | 1,059 | 258 | 151 | 104 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 3,437 | 3,589 | 288 | ||||
| Property, plant and equipment | 320 | 324 | 37 | 11 | 16 | ||
| Long-term investments and receivables | 66 | ||||||
| Due from related parties | 66 | ||||||
| Intangible assets, net (including goodwill) | 106 | 109 | 117 | 132 | 491 | ||
| Intangible assets, net (excluding goodwill) | 106 | 109 | 117 | 132 | 491 | ||
| Other undisclosed noncurrent assets | 3,734 | 3,667 | 3,092 | 1,000 | |||
| Total noncurrent assets: | 7,596 | 7,756 | 3,533 | 1,143 | 507 | ||
| TOTAL ASSETS: | 8,934 | 8,815 | 3,791 | 1,294 | 611 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 520 | 182 | 63 | ||||
| Accounts payable | 182 | 63 | |||||
| Accrued liabilities | 292 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 228 | ||||||
| Debt | 4,318 | 3,050 | 108 | 350 | |||
| Due to related parties | 1,611 | 278 | |||||
| Other liabilities | 35 | ||||||
| Other undisclosed current liabilities | 2,132 | 377 | 287 | ||||
| Total current liabilities: | 6,969 | 5,038 | 673 | 532 | 98 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 2,805 | 3,293 | 247 | ||||
| Long-term debt, excluding current maturities | 321 | ||||||
| Finance lease, liability | 2,805 | 2,972 | |||||
| Liabilities, other than long-term debt | 150 | 1,318 | |||||
| Due to related parties | 150 | 1,318 | |||||
| Operating lease, liability | 247 | ||||||
| Other undisclosed noncurrent liabilities | 257 | 66 | 2,000 | 100 | 930 | ||
| Total noncurrent liabilities: | 3,062 | 3,359 | 2,398 | 1,418 | 930 | ||
| Total liabilities: | 10,031 | 8,398 | 3,071 | 1,950 | 1,028 | ||
| Equity | |||||||
| Equity, attributable to parent | (1,098) | 417 | 720 | (655) | (417) | ||
| Common stock | 4 | 4 | 3 | 3 | 2 | ||
| Additional paid in capital | 14,824 | 14,824 | 12,691 | 8,440 | 3,763 | ||
| Accumulated deficit | (15,926) | (14,412) | (11,974) | (9,098) | (4,182) | ||
| Total equity: | (1,098) | 417 | 720 | (655) | (417) | ||
| TOTAL LIABILITIES AND EQUITY: | 8,934 | 8,815 | 3,791 | 1,294 | 611 | ||
Income Statement (P&L) ($ in thousands)
| 2/28/2023 TTM | 11/30/2022 TTM | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 577 | 219 | 173 | 89 | 328 | |
| Cost of revenue | (600) | (268) | (186) | (40) | (210) | |
| Cost of goods and services sold | (210) | |||||
| Gross profit: | (23) | (49) | (13) | 49 | 118 | |
| Operating expenses | (2,171) | (1,875) | (1,857) | (1,073) | (2,082) | |
| Operating loss: | (2,194) | (1,924) | (1,870) | (1,024) | (1,964) | |
| Nonoperating income (expense) | 1,903 | 951 | (1,005) | (3,877) | ||
| Interest and debt expense | (2,566) | (1,653) | (778) | (378) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,005) | (1,005) | ||||
| Loss from continuing operations: | (3,863) | (3,631) | (3,654) | (5,280) | (1,964) | |
| Loss before gain (loss) on sale of properties: | (2,896) | (3,223) | (3,654) | (5,290) | (1,964) | |
| Loss from discontinued operations | (10) | |||||
| Other undisclosed net income (loss) | (2,737) | (2,737) | 778 | 374 | ||
| Net loss: | (6,600) | (6,368) | (2,876) | (4,916) | (1,964) | |
| Other undisclosed net income attributable to parent | 1,530 | 2,485 | ||||
| Net loss available to common stockholders, diluted: | (5,071) | (3,883) | (2,876) | (4,916) | (1,964) | |
Comprehensive Income ($ in thousands)
| 2/28/2023 TTM | 11/30/2022 TTM | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (6,600) | (6,368) | (2,876) | (4,916) | (1,964) | |
| Comprehensive loss, net of tax, attributable to parent: | (6,600) | (6,368) | (2,876) | (4,916) | (1,964) | |
Statements Sources
The financial statements are based on the Company's filings with 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.