Right On Brands, Inc. (RTON) financial statements (2021 and earlier)
Company profile
| Business Address |
3235 SKYLANE DRIVE #127 CARROLLTON, TX 75006 |
| State of Incorp. | NV |
| Fiscal Year End | March 31 |
| SIC | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16 | 91 | 48 | 131 | 3 | 1 | |||
| Cash and cash equivalents | 16 | 91 | 48 | 131 | 3 | 1 | |||
| Receivables | 27 | 24 | 3 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 258 | 214 | 14 | 26 | ✕ | ||||
| Inventory | 258 | 214 | 14 | 26 | |||||
| Prepaid expense | 16 | 17 | 9 | ||||||
| Deposits current assets | 2 | 2 | |||||||
| Other undisclosed current assets | 1,223 | ||||||||
| Total current assets: | 316 | 329 | 1,306 | 168 | 3 | 1 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 103 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 23 | 27 | 12 | 13 | 29 | 89 | |||
| Intangible assets, net (including goodwill) | 0 | 1 | 1 | 1 | ✕ | ||||
| Intangible assets, net (excluding goodwill) | 0 | 1 | 1 | 1 | |||||
| Prepaid expense | 94 | ||||||||
| Other undisclosed noncurrent assets | 1,635 | ||||||||
| Total noncurrent assets: | 126 | 28 | 1,742 | 14 | 29 | 89 | |||
| TOTAL ASSETS: | 442 | 357 | 3,048 | 182 | 32 | 90 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 249 | 97 | 21 | 4 | 28 | 10 | |||
| Accounts payable | 200 | 67 | 17 | 10 | 28 | 10 | |||
| Interest and dividends payable | 49 | 30 | 5 | 4 | |||||
| Other undisclosed accounts payable and accrued liabilities | (10) | ||||||||
| Debt | 800 | 609 | 47 | 68 | |||||
| Derivative instruments and hedges, liabilities | 1,035 | ||||||||
| Due to related parties | 87 | ||||||||
| Other undisclosed current liabilities | 725 | 347 | 20 | ||||||
| Total current liabilities: | 1,774 | 2,088 | 68 | 92 | 115 | 10 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 57 | ||||||||
| Finance lease, liability | 57 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 57 | ||||||||
| Total liabilities: | 1,831 | 2,088 | 68 | 92 | 115 | 10 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (1,389) | (1,731) | 2,980 | 90 | (83) | 15 | |||
| Common stock | 453 | 74 | 64 | 50 | 33 | 32 | |||
| Additional paid in capital | 9,964 | 8,296 | 6,514 | 2,868 | 243 | 220 | |||
| Accumulated deficit | (11,892) | (10,186) | (4,101) | (3,297) | (359) | (237) | |||
| Other undisclosed stockholders' equity attributable to parent | 85 | 85 | 503 | 469 | |||||
| Stockholders' equity attributable to noncontrolling interest | 24 | 24 | 24 | ||||||
| Other undisclosed stockholders' equity | (49) | (49) | (49) | ||||||
| Total stockholders' equity: | (1,413) | (1,756) | 2,956 | 90 | (83) | 15 | |||
| Other undisclosed liabilities and equity | 24 | 24 | 24 | 65 | |||||
| TOTAL LIABILITIES AND EQUITY: | 442 | 357 | 3,048 | 182 | 32 | 90 | |||
Income statement (P&L) ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 418 | 256 | 9 | 1 | 16 | 23 | 5 | |
| Cost of revenue (Cost of Goods and Services Sold) | (285) | (169) | (7) | (3) | (0) | (0) | ||
| Gross profit: | 133 | 87 | 2 | 1 | 13 | 23 | 5 | |
| Operating expenses | (5,594) | (5,103) | (166) | (67) | (94) | (112) | ||
| Other operating income (expense), net | (1,101) | 1,069 | (5) | 12 | ||||
| Other expenses | (5) | 12 | ||||||
| Other undisclosed operating income | 1,069 | |||||||
| Operating income (loss): | (5,494) | (3,948) | 2 | (166) | (54) | (76) | (95) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 0 | (2,773) | ||||||
| Interest and debt expense | 1,275 | (459) | (5) | (2,770) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (4,219) | (4,407) | (3) | (5,709) | (54) | (76) | (95) | |
| Other undisclosed loss from continuing operations before income taxes | (2,639) | (1,678) | ||||||
| Loss from continuing operations before income taxes: | (6,858) | (6,085) | (3) | (5,709) | (54) | (76) | (95) | |
| Income tax benefit | 304 | |||||||
| Other undisclosed income from continuing operations | 304 | |||||||
| Loss before gain (loss) on sale of properties: | (6,554) | (5,781) | (3) | (5,709) | (54) | (76) | (95) | |
| Other undisclosed net income | 202 | |||||||
| Net income (loss): | (6,554) | (5,781) | (3) | (5,709) | (54) | (76) | 107 | |
| Net loss attributable to noncontrolling interest | (804) | |||||||
| Other undisclosed net income (loss) attributable to parent | 1,569 | (304) | 3 | 2,770 | 3 | 6 | (214) | |
| Net loss available to common stockholders, diluted: | (4,985) | (6,085) | (804) | (2,938) | (51) | (71) | (107) | |
Comprehensive Income ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,554) | (5,781) | (3) | (5,709) | (54) | (76) | 107 | |
| Comprehensive income (loss): | (6,554) | (5,781) | (3) | (5,709) | (54) | (76) | 107 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,554) | (5,781) | (3) | (5,709) | (54) | (76) | 107 | |
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.