Growlife Inc (PHOT) financial statements (2022 and earlier)

Company profile

Business Address 11335 NE 122ND WAY
KIRKLAND, WA 98034
State of Incorp. DE
Fiscal Year End December 31
SIC 3231 - Glass Products, Made of Purchased Glass (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
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 investments 383412,3346910360
Cash and cash equivalents 383412,3346910360
Receivables 96110242   
Inventory, net of allowances, customer advances and progress billings 571601793466418398
Inventory 571601793466418398
Prepaid expense   3   
Deposits current assets 191952241117
Total current assets: 1,9337623,225559533476
Noncurrent Assets
Operating lease, right-of-use asset 380538
Property, plant and equipment 129166713303210
Intangible assets, net (including goodwill) 1,9122,5843,280  983
Goodwill 782782   739
Intangible assets, net (excluding goodwill) 1,1311,8023,280  244
Total noncurrent assets: 2,4223,2883,9933032993
TOTAL ASSETS: 4,3554,0507,2188625351,468
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,0821,4161,3169551,6631,394
Accounts payable 1,1461,1571,0548211,5301,273
Accrued liabilities 2,592259262134133122
Taxes payable 343     
Debt 3,0662,8233,4133,0152,7992,288
Derivative instruments and hedges, liabilities 1,1011,3011,7952,6602,7021,377
Due to related parties 49104100 1172
Business combination, contingent consideration, liability 1,0261,026    
Other undisclosed current liabilities 1,102234163486878
Total current liabilities: 10,4276,9046,7886,6787,2415,210
Noncurrent Liabilities
Long-term debt and lease obligation 751411    
Long-term debt, excluding current maturities 486     
Operating lease, liability 265411
Liabilities, other than long-term debt 3531,370    
Deferred income tax liabilities 353470
Business combination, contingent consideration, liability  900    
Total noncurrent liabilities: 1,1031,781    
Total liabilities: 11,5308,6856,7886,6787,2415,210
Commitments and contingencies      2,000
Stockholders' equity
Stockholders' equity attributable to parent, including: (7,174)(4,634)(1,501)(5,816)(6,707)(6,041)
Common stock 38938634423716689
Additional paid in capital 147,278143,441139,331123,678117,538110,585
Accumulated deficit (154,841)(148,462)(141,176)(129,731)(124,410)(116,716)
Other undisclosed stockholders' equity attributable to parent      0
Stockholders' equity attributable to noncontrolling interest   1,932   
Total stockholders' equity: (7,174)(4,634)430(5,816)(6,707)(6,041)
Other undisclosed liabilities and equity      300
TOTAL LIABILITIES AND EQUITY: 4,3554,0507,2188625351,468

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 7,0018,2184,5732,4521,2313,500
Revenue, net2,4521,2313,500
Cost of revenue (4,021)(5,668)(4,105)(2,181)(1,276)(2,981)
Cost of goods and services sold (4,021)(5,668) (2,181)(1,276)(2,981)
Gross profit: 2,9802,549468272(44)519
Operating expenses (4,870)(7,316)(5,017)(2,320)(1,889)(2,684)
Other undisclosed operating loss  (250)(0) (876) 
Operating loss: (1,890)(5,017)(4,549)(2,049)(2,809)(2,165)
Nonoperating expense (4,258)(2,475)(6,924)(3,272)(4,886)(3,524)
Investment income, nonoperating 199495978496(1,324)724
Interest and debt expense (2,423) (422)(204)(121)(311)
Loss from continuing operations before equity method investments, income taxes: (8,570)(7,492)(11,895)(5,525)(7,816)(5,999)
Other undisclosed income from continuing operations before income taxes 2,423 422204121311
Loss from continuing operations before income taxes: (6,148)(7,492)(11,473)(5,321)(7,695)(5,689)
Income tax expense (benefit) (232)118    
Net loss: (6,380)(7,374)(11,473)(5,321)(7,695)(5,689)
Net income attributable to noncontrolling interest  8928   
Net loss available to common stockholders, diluted: (6,380)(7,285)(11,445)(5,321)(7,695)(5,689)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (6,380)(7,374)(11,473)(5,321)(7,695)(5,689)
Comprehensive loss: (6,380)(7,374)(11,473)(5,321)(7,695)(5,689)
Comprehensive income, net of tax, attributable to noncontrolling interest  8928   
Comprehensive loss, net of tax, attributable to parent: (6,380)(7,285)(11,445)(5,321)(7,695)(5,689)

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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