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)

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 investments91481313 1
Cash and cash equivalents91481313 1
Receivables243    
Inventory, net of allowances, customer advances and progress billings2141426  
Inventory2141426   
Prepaid expense 179   
Deposits current assets 22   
Other undisclosed current assets 1,223    
Total current assets:3291,3061683 1
Noncurrent Assets
Property, plant and equipment27121329 89
Intangible assets, net (including goodwill)111  
Intangible assets, net (excluding goodwill)111   
Prepaid expense 94    
Other undisclosed noncurrent assets 1,635    
Total noncurrent assets:281,7421429 89
TOTAL ASSETS:3573,04818232 90
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9721428 10
Accounts payable67171028 10
Interest and dividends payable3054   
Other undisclosed accounts payable and accrued liabilities  (10)   
Debt6094768   
Derivative instruments and hedges, liabilities1,035     
Due to related parties   87  
Other undisclosed current liabilities347 20   
Total current liabilities:2,0886892115 10
Noncurrent Liabilities
Total liabilities:2,0886892115 10
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,731)2,98090(83) 15
Common stock74645033 32
Additional paid in capital8,2966,5142,868243 220
Accumulated deficit(10,186)(4,101)(3,297)(359) (237)
Other undisclosed stockholders' equity attributable to parent85503469   
Stockholders' equity attributable to noncontrolling interest2424    
Other undisclosed stockholders' equity(49)(49)    
Total stockholders' equity:(1,756)2,95690(83) 15
Other undisclosed liabilities and equity2424   65
TOTAL LIABILITIES AND EQUITY:3573,04818232 90

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

3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues2569116235
Cost of revenue
(Cost of Goods and Services Sold)
(169)(7) (3)(0)(0)
Gross profit:872113235
Operating expenses(5,103) (166)(67)(94)(112)
Other operating income (expense), net1,069   (5)12
Other expenses    (5)12
Operating income (loss):(3,948)2(166)(54)(76)(95)
Nonoperating expense
(Other Nonoperating expense)
  (2,773)   
Interest and debt expense(459)(5)(2,770)   
Loss from continuing operations before equity method investments, income taxes:(4,407)(3)(5,709)(54)(76)(95)
Other undisclosed loss from continuing operations before income taxes(1,678)     
Loss from continuing operations before income taxes:(6,085)(3)(5,709)(54)(76)(95)
Income tax benefit304     
Loss before gain (loss) on sale of properties:(5,781)(3)(5,709)(54)(76)(95)
Other undisclosed net income     202
Net income (loss):(5,781)(3)(5,709)(54)(76)107
Net loss attributable to noncontrolling interest (804)    
Other undisclosed net income (loss) attributable to parent(304)32,77036(214)
Net loss available to common stockholders, diluted:(6,085)(804)(2,938)(51)(71)(107)

Comprehensive Income ($ in thousands)

3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(5,781)(3)(5,709)(54)(76)107
Comprehensive income (loss), net of tax, attributable to parent:(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.

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