Rocky Mountain High Brands, Inc. (RMHB) financial statements (2021 and earlier)

Company profile

Business Address 9101 LBJ FREEWAY, SUITE 420
DALLAS, TX 75243
State of Incorp. NV
Fiscal Year End December 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6861492102
Cash and cash equivalents6861492102
Inventory, net of allowances, customer advances and progress billings238147225290
Inventory238147225290
Prepaid expense31   
Intangible current assets31   
Other undisclosed current assets1304058381,737
Total current assets:4991,1661,1542,130
Noncurrent Assets
Property, plant and equipment19344892
Intangible assets, net (including goodwill)13   
Intangible assets, net (excluding goodwill)13   
Other undisclosed noncurrent assets5141,3411,2312,163
Total noncurrent assets:5461,3751,2792,255
TOTAL ASSETS:1,0452,5412,4334,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,14350538358
Accounts payable441309  
Accrued liabilities96 38358
Employee-related liabilities5223  
Other undisclosed accounts payable and accrued liabilities555174  
Deferred revenue446
Debt1,009667733598
Derivative instruments and hedges, liabilities404   
Other undisclosed current liabilities1669067,4683,076
Total current liabilities:3,1682,0788,5843,732
Noncurrent Liabilities
Liabilities, other than long-term debt 3726 
Due to related parties 3726 
Other undisclosed noncurrent liabilities(5,241)   
Total noncurrent liabilities:(5,241)3726 
Total liabilities:(2,073)2,1158,6103,732
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,622)(703)(7,304)(1,477)
Preferred stock  11
Common stock1381,892787538
Additional paid in capital37,52832,42418,06314,861
Accumulated deficit(40,285)(35,018)(26,155)(16,878)
Other undisclosed stockholders' equity attributable to parent(4)  1
Other undisclosed stockholders' equity5,241   
Total stockholders' equity:2,619(703)(7,304)(1,477)
Other undisclosed liabilities and equity (37)(26) 
TOTAL LIABILITIES AND EQUITY:5461,3751,2792,255

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

12/31/2019
12/31/2018
6/30/2017
6/30/2016
Revenues205 4021,075
Revenue, net4021,075
Net investment income(5,271)(3,356)  
Cost of revenue(611)(386)(151)(409)
Cost of goods and services sold(611)(25)(151)(409)
Other undisclosed gross profit(130)354(101)(726)
Gross profit:(536)(32)150(59)
Operating expenses(3,859)(4,523)(7,265)(3,649)
Operating loss:(4,395)(4,555)(7,115)(3,709)
Nonoperating income (expense)876(1,199)2,161(6,034)
Debt instrument, convertible, beneficial conversion feature745   
Interest and debt expense(532)(893)(1,044)(3,145)
Loss from continuing operations before income taxes:(4,051)(6,647)(5,998)(12,888)
Income tax expense (benefit)5,2713,3569,276(2,326)
Income (loss) from continuing operations:1,219(3,291)3,278(15,214)
Loss from discontinued operations(136)   
Income (loss) before gain (loss) on sale of properties:1,083(3,291)3,278(15,214)
Other undisclosed net income (loss)(6,354)(65)(12,554)17,540
Net income (loss):(5,271)(3,356)(9,276)2,326
Net income attributable to noncontrolling interest4   
Net income (loss) available to common stockholders, diluted:(5,267)(3,356)(9,276)2,326

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
6/30/2017
6/30/2016
Net income (loss):(5,271)(3,356)(9,276)2,326
Comprehensive income (loss):(5,271)(3,356)(9,276)2,326
Comprehensive income, net of tax, attributable to noncontrolling interest4   
Comprehensive income (loss), net of tax, attributable to parent:(5,267)(3,356)(9,276)2,326

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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