Rocky Mountain High Brands, Inc. (RMHB) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1000 SHILOH RD. PLANO, TX 75074 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 68 | 614 | 92 | 102 | |||
| Cash and cash equivalents | 68 | 614 | 92 | 102 | |||
| Inventory, net of allowances, customer advances and progress billings | 238 | 147 | 225 | 290 | |||
| Inventory | 238 | 147 | 225 | 290 | |||
| Prepaid expense | 31 | ||||||
| Intangible current assets | 31 | ||||||
| Other undisclosed current assets | 130 | 405 | 838 | 1,737 | |||
| Total current assets: | 499 | 1,166 | 1,154 | 2,130 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 19 | 34 | 48 | 92 | |||
| Intangible assets, net (including goodwill) | 13 | ||||||
| Intangible assets, net (excluding goodwill) | 13 | ||||||
| Other undisclosed noncurrent assets | 514 | 1,341 | 1,231 | 2,163 | |||
| Total noncurrent assets: | 546 | 1,375 | 1,279 | 2,255 | |||
| TOTAL ASSETS: | 1,045 | 2,541 | 2,433 | 4,385 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 1,143 | 505 | 383 | 58 | |||
| Employee-related liabilities | 52 | 23 | |||||
| Accounts payable | 441 | 309 | |||||
| Accrued liabilities | 96 | 383 | 58 | ||||
| Other undisclosed accounts payable and accrued liabilities | 555 | 174 | |||||
| Deferred revenue | 446 | ✕ | ✕ | ✕ | |||
| Debt | 1,009 | 667 | 733 | 598 | |||
| Derivative instruments and hedges, liabilities | 404 | ||||||
| Other undisclosed current liabilities | 166 | 906 | 7,468 | 3,076 | |||
| Total current liabilities: | 3,168 | 2,078 | 8,584 | 3,732 | |||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 37 | 26 | |||||
| Due to related parties | 37 | 26 | |||||
| Other undisclosed noncurrent liabilities | (5,241) | ||||||
| Total noncurrent liabilities: | (5,241) | 37 | 26 | ||||
| Total liabilities: | (2,073) | 2,115 | 8,610 | 3,732 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | (2,622) | (703) | (7,304) | (1,477) | |||
| Preferred stock | 1 | 1 | |||||
| Common stock | 138 | 1,892 | 787 | 538 | |||
| Additional paid in capital | 37,528 | 32,424 | 18,063 | 14,861 | |||
| Accumulated deficit | (40,285) | (35,018) | (26,155) | (16,878) | |||
| Other undisclosed equity, attributable to parent | (4) | 1 | |||||
| Other undisclosed equity | 5,241 | ||||||
| Total equity: | 2,619 | (703) | (7,304) | (1,477) | |||
| Other undisclosed liabilities and equity | (37) | (26) | |||||
| TOTAL LIABILITIES AND EQUITY: | 546 | 1,375 | 1,279 | 2,255 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|
| Revenues | 205 | 402 | 1,075 | |||
| Revenue, net | ✕ | ✕ | ✕ | 402 | 1,075 | |
| 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 feature | 745 | |||||
| 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) | 5,271 | 3,356 | 9,276 | (2,326) | ||
| Income (loss) from continuing operations: | 1,219 | (3,291) | 3,278 | (15,214) | ||
| Income (loss) before gain (loss) on sale of properties: | 1,083 | (3,291) | 3,278 | (15,214) | ||
| Loss from discontinued operations | (136) | |||||
| 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 interest | 4 | |||||
| Net income (loss) available to common stockholders, diluted: | (5,267) | (3,356) | (9,276) | 2,326 | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 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 interest | 4 | |||||
| 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 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.