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 investments1691481313 1
Cash and cash equivalents1691481313 1
Receivables27243    
Inventory, net of allowances, customer advances and progress billings2582141426  
Inventory2582141426   
Prepaid expense16 179   
Deposits current assets  22   
Other undisclosed current assets  1,223    
Total current assets:3163291,3061683 1
Noncurrent Assets
Finance lease, right-of-use asset103
Property, plant and equipment2327121329 89
Intangible assets, net (including goodwill)0111  
Intangible assets, net (excluding goodwill)0111   
Prepaid expense  94    
Other undisclosed noncurrent assets  1,635    
Total noncurrent assets:126281,7421429 89
TOTAL ASSETS:4423573,04818232 90
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2499721428 10
Accounts payable20067171028 10
Interest and dividends payable493054   
Other undisclosed accounts payable and accrued liabilities   (10)   
Debt8006094768   
Derivative instruments and hedges, liabilities 1,035     
Due to related parties    87  
Other undisclosed current liabilities725347 20   
Total current liabilities:1,7742,0886892115 10
Noncurrent Liabilities
Long-term debt and lease obligation57      
Finance lease, liability57
Total noncurrent liabilities:57      
Total liabilities:1,8312,0886892115 10
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,389)(1,731)2,98090(83) 15
Common stock45374645033 32
Additional paid in capital9,9648,2966,5142,868243 220
Accumulated deficit(11,892)(10,186)(4,101)(3,297)(359) (237)
Other undisclosed stockholders' equity attributable to parent8585503469   
Stockholders' equity attributable to noncontrolling interest242424    
Other undisclosed stockholders' equity(49)(49)(49)    
Total stockholders' equity:(1,413)(1,756)2,95690(83) 15
Other undisclosed liabilities and equity242424   65
TOTAL LIABILITIES AND EQUITY:4423573,04818232 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
Revenues4182569116235
Cost of revenue
(Cost of Goods and Services Sold)
(285)(169)(7) (3)(0)(0)
Gross profit:133872113235
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 income1,069      
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 expense1,275(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 operations304      
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 parent1,569(304)32,77036(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.

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