MariMed Inc. (MRMD) Financial Statements (2023 and Earlier)

Company Profile

Business Address 26 OSSIPEE RD
NEWTON, MA 02464
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (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
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,9344,3562,1884,1041,290569161
Cash and cash equivalents29,6832,9997394,1041,290569161
Short-term investments2511,3571,449    
Receivables1,9207,9922,2919,3401,634654568
Inventory, net of allowances, customer advances and progress billings9,7686,8311,219    
Inventory9,7686,8311,219    
Prepaid expense      38
Other current assets1,4415831922193572370
Other undisclosed current assets1,5511,2821,4862,0451,8081,280182
Total current assets:44,61321,0437,37715,7095,0892,741949
Noncurrent Assets
Finance lease, right-of-use asset4678111
Operating lease, right-of-use asset5,0815,2475,787
Property, plant and equipment62,15045,63742,79234,10025,9555,27984
Long-term investments and receivables, including:8,9872,1312,9641,212579 588
Long-term investments 1,1661,325    
Accounts and financing receivable, after allowance for credit loss8,9879651,6391,092579  
Due from related parties   120  39
Other undisclosed long-term investments and receivables      548
Intangible assets, net (including goodwill)2,2302,2292,364185   
Intangible assets, net (excluding goodwill)2,2302,2292,364185   
Other noncurrent assets988017683580  
Other undisclosed noncurrent assets   31,672 (2,197)2,097
Total noncurrent assets:78,59255,40254,19567,25227,1133,0822,768
TOTAL ASSETS:123,20576,44561,57282,96132,2025,8223,718
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24,7128,66610,1155,5044,237840599
Accounts payable5,0995,0454,7193,9152,832  
Accrued liabilities1,3493,6215,3961,5881,405  
Taxes payable18,265      
Other undisclosed accounts payable and accrued liabilities     840599
Debt378,89824,0693,87810,6662,865 
Deferred rent credit   106
Due to related parties 1,1581,455276401148680
Other liabilities21,077858    
Other undisclosed current liabilities2,4713,4282241251193,2831,120
Total current liabilities:27,22323,22736,7209,88915,4227,1372,400
Noncurrent Liabilities
Long-term debt and lease obligation5,04515,5495,475    
Long-term debt, excluding current maturities44810,682     
Finance lease, liability224475
Operating lease, liability4,5744,8225,399
Liabilities, other than long-term debt100100100338240  
Other liabilities100100100338240  
Other undisclosed noncurrent liabilities16,81314,74412,94810,9695,5321,9783,250
Total noncurrent liabilities:21,95830,39318,52311,3075,7721,9783,250
Total liabilities:49,18153,62055,24421,19621,1959,1155,650
Temporary equity, carrying amount37,72514,725     
Stockholders' equity
Stockholders' equity attributable to parent, including:37,8628,6674,54661,64610,832(551)(1,932)
Preferred stock, shares subscribed but unissued, subscriptions receivable    1  
Common stock334314228211177  
Treasury stock, value    (45)  
Common stock, share subscribed but unissued, subscriptions receivable (5)(1,168)(169)370(0)(32)
Additional paid in capital134,920112,974112,24687,18020,1508,4577,005
Accumulated deficit(97,392)(104,617)(106,761)(25,576)(11,972)(10,778)(10,196)
Warrants and rights outstanding    2,1761,1721,166
Stockholders' equity note, subscriptions receivable    (25)25
Other undisclosed stockholders' equity attributable to parent     572126
Stockholders' equity attributable to noncontrolling interest(1,563)(577)(553)(220)175  
Other undisclosed stockholders' equity 112,336338  (0)
Total stockholders' equity:36,2998,1006,32861,76411,007(551)(1,932)
TOTAL LIABILITIES AND EQUITY:123,20576,44561,57282,96132,2028,5633,718

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues121,46450,89545,60511,8526,0683,5641,270
Revenue, net6,108  
Operating lease, lease income18,70013,900 
Revenue from related parties  29,029 
Cost of revenue(55,201)(19,570)(26,903)(4,041)(2,556)(1,352)(1,304)
Cost of goods and services sold    (2,556)  
Gross profit:66,26331,32518,7027,8113,5122,212(34)
Operating expenses(39,400)(16,794)(60,300)(13,167)(2,306)(1,601)(1,657)
Other operating expense, net     (291)(156)
Other undisclosed operating income     291156
Operating income (loss):26,86314,531(41,598)(5,356)1,206612(1,691)
Nonoperating income (expense)(3,048)(10,034)(40,283)7,9532,235  
Investment income, nonoperating(1,107)      
Interest and debt expense(2,356)(45)(5)4,133645347207
Income (loss) from continuing operations before equity method investments, income taxes:21,4604,452(81,886)6,7304,086959(1,484)
Other undisclosed income from continuing operations before income taxes2,35645     
Income (loss) from continuing operations before income taxes:23,8164,496(81,886)6,7304,086959(1,484)
Income tax expense(16,192)(2,067)     
Income (loss) before gain (loss) on sale of properties:7,6242,429(81,886)6,7304,086959(1,484)
Other undisclosed net income (loss)  5(20,039)(5,115)(1,158)269
Net income (loss):7,6242,429(81,881)(13,309)(1,029)(199)(1,215)
Net income (loss) attributable to noncontrolling interest(399)(285)696(295)(165)  
Other undisclosed net income (loss) attributable to parent     520(632)
Net income (loss) available to common stockholders, diluted:7,2252,144(81,185)(13,604)(1,194)321(1,847)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7,6242,429(81,881)(13,309)(1,029)(199)(1,215)
Comprehensive income (loss):7,6242,429(81,881)(13,309)(1,029)(199)(1,215)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(399)(285)696(295)(165)  
Comprehensive income (loss), net of tax, attributable to parent:7,2252,144(81,185)(13,604)(1,194)(199)(1,215)

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.

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