Sugarmade, Inc. (SGMD) financial statements (2023 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 thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1972,8494413442102
Cash and cash equivalents631,3974413442102
Short-term investments1341,452    
Receivables904436124   
Inventory, net of allowances, customer advances and progress billings644442679356531568
Inventory644442679356531568
Prepaid expense     5
Other current assets1851822632,720757190
Other undisclosed current assets256243405304611118
Total current assets:2,1854,1521,9133,4141,941984
Noncurrent Assets
Operating lease, right-of-use asset355486835
Property, plant and equipment3,8642,74949947719562
Long-term investments and receivables381637    
Long-term investments381441    
Accounts and financing receivable, after allowance for credit loss 196    
Intangible assets, net (including goodwill)11,40611,40810111373
Goodwill758758    
Intangible assets, net (excluding goodwill)10,64810,65010111373
Other undisclosed noncurrent assets  25018,0243927
Total noncurrent assets:16,00615,2811,59418,512247162
TOTAL ASSETS:18,19219,4333,50721,9262,1881,146
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4222,0591,5831,4311,7081,504
Accounts payable1,8581,465692420242223
Accrued liabilities305311495507493116
Employee-related liabilities  352587011
Other undisclosed accounts payable and accrued liabilities2592843614791031,153
Deferred revenue  5362
Debt846426202020 
Derivative instruments and hedges, liabilities2,2222,2175,5972,9923,0701,134
Due to related parties228164363030251
Customer refund liability75604842  
Deferred revenue and credits 63
Customer advances and deposits 233
Other liabilities626750    
Other undisclosed current liabilities3,3923,1394,3432,6707,5543,061
Total current liabilities:9,8118,81511,6807,24712,3816,246
Noncurrent Liabilities
Long-term debt and lease obligation6,1755,847966   
Long-term debt, excluding current maturities5,7905,323198   
Operating lease, liability385524768
Other undisclosed noncurrent liabilities(385)(524)(768)   
Total noncurrent liabilities:6,1755,847966   
Total liabilities:15,98714,66312,6467,24712,3816,246
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6164,870(9,128)14,679(10,193)(5,100)
Preferred stock  42  
Common stock9,0237,4031,763698246227
Additional paid in capital72,36764,84257,30861,03921,95320,768
Accumulated deficit(78,817)(74,364)(68,438)(47,089)(34,860)(28,563)
Stockholders' equity note, subscriptions receivable (500)    
Other undisclosed stockholders' equity attributable to parent437,490236292,4682,468
Stockholders' equity attributable to noncontrolling interest(411)(100)(11)   
Other undisclosed stockholders' equity    (0) 
Total stockholders' equity:2,2054,770(9,139)14,679(10,193)(5,100)
Other undisclosed liabilities and equity    0 
TOTAL LIABILITIES AND EQUITY:18,19219,4333,50721,9262,1881,146

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues3,9373,9794,3634,6384,4394,101
Cost of revenue
(Cost of Goods and Services Sold)
(1,730)(2,153)(2,852)(3,369)(3,226)(2,833)
Gross profit:2,2071,8261,5111,2691,2131,268
Operating expenses(8,615)(5,767)(13,636)(6,184)(2,455)(3,986)
Other undisclosed operating income1,474 0   
Operating loss:(4,934)(3,942)(12,126)(4,915)(1,242)(2,719)
Nonoperating expense(5,479)(2,091)(9,409)(7,314)(5,054)(1,995)
Investment income, nonoperating 314    
Interest and debt expense  (1,798)296(2,078)(352)
Loss from continuing operations before equity method investments, income taxes:(10,413)(6,033)(23,332)(11,933)(8,374)(5,066)
Loss from equity method investments(140)(82)    
Loss before gain (loss) on sale of properties:(10,553)(6,115)(23,332)(11,933)(8,374)(5,066)
Other undisclosed net income0 1,798   
Net loss:(10,553)(6,115)(21,535)(11,933)(8,374)(5,066)
Net income attributable to noncontrolling interest550188195   
Other undisclosed net income (loss) attributable to parent   (296)2,078352
Net loss available to common stockholders, diluted:(10,003)(5,926)(21,339)(12,229)(6,296)(4,714)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net loss:(10,553)(6,115)(21,535)(11,933)(8,374)(5,066)
Comprehensive loss:(10,553)(6,115)(21,535)(11,933)(8,374)(5,066)
Comprehensive income, net of tax, attributable to noncontrolling interest550188195   
Comprehensive loss, net of tax, attributable to parent:(10,003)(5,926)(21,339)(11,933)(8,374)(5,066)

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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