Right On Brands, Inc. (RTON) financial statements (2022 and earlier)

Company profile

Business Address 6501 DALROCK ROAD, SUITE 100
ROWLETT, TX 75089
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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51466791481313
Cash and cash equivalents51466791481313
Receivables  7243  
Inventory, net of allowances, customer advances and progress billings6674162141426 
Inventory6674162141426 
Prepaid expense  35 179 
Deposits current assets    22 
Other current assets33     
Other undisclosed current assets    1,223  
Total current assets:1201231253291,3061683
Noncurrent Assets
Finance lease, right-of-use asset729391
Property, plant and equipment17212127121329
Intangible assets, net (including goodwill)  0111 
Intangible assets, net (excluding goodwill)  0111 
Prepaid expense    94  
Other undisclosed noncurrent assets    1,635  
Total noncurrent assets:89114113281,7421429
TOTAL ASSETS:2102372373573,04818232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1792091819721428
Accounts payable6612710967171028
Accrued liabilities82      
Interest and dividends payable3182713054 
Other undisclosed accounts payable and accrued liabilities     (10) 
Debt844373456094768 
Derivative instruments and hedges, liabilities   1,035   
Due to related parties      87
Other undisclosed current liabilities4729321,850347 20 
Total current liabilities:7341,5782,3752,0886892115
Noncurrent Liabilities
Long-term debt and lease obligation486946    
Finance lease, liability486946
Total noncurrent liabilities:486946    
Total liabilities:7821,6472,4212,0886892115
Stockholders' equity
Stockholders' equity attributable to parent, including:(573)(1,410)(2,183)(1,731)2,98090(83)
Preferred stock5 5    
Common stock6,2205,4751,00074645033
Additional paid in capital8,9038,54610,3828,2966,5142,868243
Accumulated deficit(15,777)(15,513)(13,662)(10,186)(4,101)(3,297)(359)
Other undisclosed stockholders' equity attributable to parent76819185503469 
Stockholders' equity attributable to noncontrolling interest2424 2424  
Other undisclosed stockholders' equity(49)(49)(24)(49)(49)  
Total stockholders' equity:(597)(1,435)(2,208)(1,756)2,95690(83)
Other undisclosed liabilities and equity2424242424  
TOTAL LIABILITIES AND EQUITY:2102372373573,04818232

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues480783292569116
Cost of revenue
(Cost of Goods and Services Sold)
(257)(57)(307)(169)(7) (3)
Gross profit:2232121872113
Operating expenses(86)(423)(969)(5,103) (166)(67)
Other operating income, net   1,069   
Other undisclosed operating income1,103      
Operating income (loss):1,240(401)(947)(3,948)2(166)(54)
Nonoperating expense
(Other Nonoperating expense)
(1,649)(1,450)(2,528)  (2,773) 
Interest and debt expense(621)(80)8(459)(5)(2,770) 
Loss from continuing operations before equity method investments, income taxes:(1,030)(1,932)(3,468)(4,407)(3)(5,709)(54)
Other undisclosed income (loss) from continuing operations before income taxes656 (8)(1,678)   
Loss from continuing operations before income taxes:(374)(1,932)(3,475)(6,085)(3)(5,709)(54)
Income tax benefit   304   
Loss before gain (loss) on sale of properties:(374)(1,932)(3,475)(5,781)(3)(5,709)(54)
Other undisclosed net income11      
Net loss:(364)(1,932)(3,475)(5,781)(3)(5,709)(54)
Net loss attributable to noncontrolling interest    (804)  
Other undisclosed net income (loss) attributable to parent(46)80 (304)32,7703
Net loss available to common stockholders, diluted:(410)(1,851)(3,475)(6,085)(804)(2,938)(51)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(364)(1,932)(3,475)(5,781)(3)(5,709)(54)
Other undisclosed comprehensive income (loss)(46)80     
Comprehensive loss, net of tax, attributable to parent:(410)(1,851)(3,475)(5,781)(3)(5,709)(54)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: