Sugarmade Inc (SGMD) financial statements (2021 and earlier)

Company profile

Business Address 750 ROYAL OAKS DR. STE. 108
MONROVIA, CA 91016
State of Incorp. DE
Fiscal Year End June 30
SIC 511 - Paper And Paper Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000000
Cash and cash equivalents000000
Receivables00    
Inventory, net of allowances, customer advances and progress billings110110
Inventory110110
Prepaid expense    0 
Other current assets103100
Other undisclosed current assets000100
Total current assets:223211
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment000000
Long-term investments and receivables1     
Long-term investments1     
Due from related parties0     
Intangible assets, net (including goodwill)00000 
Intangible assets, net (excluding goodwill)00000 
Other noncurrent assets0     
Other undisclosed noncurrent assets 018000
Total noncurrent assets:2219000
TOTAL ASSETS:4422211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:121221
Accounts payable110000
Accrued liabilities 01000
Employee-related liabilities000100
Interest and dividends payable1     
Other undisclosed accounts payable and accrued liabilities(0)00011
Deferred revenue000
Debt0000 0
Derivative instruments and hedges, liabilities263311
Due to related parties10000 
Customer refund liability000   
Deferred revenue and credits 00
Customer advances and deposits 00
Other liabilities1     
Other undisclosed current liabilities343832
Total current liabilities:81271264
Noncurrent Liabilities
Long-term debt and lease obligation11    
Long-term debt, excluding current maturities00    
Operating lease, liability11
Other undisclosed noncurrent liabilities(1)(1)    
Total noncurrent liabilities:11    
Total liabilities:91371264
Stockholders' equity
Stockholders' equity attributable to parent, including:(5)(9)15(10)(5)(3)
Preferred stock000   
Common stock421000
Common stock, value, subscriptions0     
Additional paid in capital605761222117
Accumulated deficit(69)(68)(47)(35)(29)(24)
Other undisclosed stockholders' equity attributable to parent(0)00223
Stockholders' equity attributable to noncontrolling interest (0)    
Other undisclosed stockholders' equity   (0)  
Total stockholders' equity:(5)(9)15(10)(5)(3)
Other undisclosed liabilities and equity(0)  0 0
TOTAL LIABILITIES AND EQUITY:4422211

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues345444
Cost of revenue
(Cost of Goods and Services Sold)
(2)(3)(3)(3)(3)(3)
Other undisclosed gross profit0     
Gross profit:121111
Operating expenses(3)(14)(6)(2)(4)(3)
Other undisclosed operating income (loss)(0)0    
Operating loss:(2)(12)(5)(1)(3)(2)
Nonoperating expense(0)(9)(7)(5)(2)(0)
Investment income, nonoperating0     
Interest and debt expense(1)(2)0(2)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(3)(23)(12)(8)(5)(3)
Loss from equity method investments(0)     
Loss before gain (loss) on sale of properties:(3)(23)(12)(8)(5)(3)
Other undisclosed net income02    
Net loss:(3)(22)(12)(8)(5)(3)
Net income (loss) attributable to noncontrolling interest(0)0    
Other undisclosed net income (loss) attributable to parent0 (0)200
Net loss available to common stockholders, diluted:(3)(21)(12)(6)(5)(2)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net loss:(3)(22)(12)(8)(5)(3)
Comprehensive loss:(3)(22)(12)(8)(5)(3)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0    
Comprehensive loss, net of tax, attributable to parent:(3)(21)(12)(8)(5)(3)

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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