Medicine Man Technologies, Inc. (SHWZ) financial statements (2022 and earlier)

Company profile

Business Address 4880 HAVANA STREET
DENVER, CO 80239
State of Incorp. NV
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106,4001,23111,854322749352262
Cash and cash equivalents106,4001,23111,854322749352262
Receivables3,8671,5331,1542,58767828984
Inventory, net of allowances, customer advances and progress billings11,1222,619685489106  
Inventory11,1222,619685489106  
Prepaid expense 6141,347   29
Other current assets  529514327 
Other undisclosed current assets2,523    1450
Total current assets:123,9125,99715,5693,4491,576682425
Noncurrent Assets
Operating lease, right-of-use asset8,5122,57960
Nontrade receivables3033,0643,064    
Property, plant and equipment10,2532,585239951504248
Long-term investments and receivables637277242    
Long-term investments494277     
Accounts and financing receivable, after allowance for credit loss143 242    
Intangible assets, net (including goodwill)140,89956,12912,38012,3869,39244
Goodwill43,31653,04712,30412,3049,304  
Intangible assets, net (excluding goodwill)97,5823,08275818844
Other noncurrent assets51552  15  
Other undisclosed noncurrent assets  6752,292   
Total noncurrent assets:161,11964,68516,65914,7729,5574652
TOTAL ASSETS:285,03170,68332,22918,22211,132728477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,1696,2141,7931,077123 22
Accounts payable2,5493,508700203123 9
Accrued liabilities5,5922,7051,091291   
Employee-related liabilities  2    
Taxes payable2,028  583  13
Deferred revenue 50 
Derivative instruments and hedges, liabilities34,9231,0473,773  294 
Due to related parties1715,0491571155  
Other liabilities    560 
Other undisclosed current liabilities (0)     
Total current liabilities:45,26312,3605,5821,14833529422
Noncurrent Liabilities
Long-term debt and lease obligation106,19816,54767  810 
Long-term debt, excluding current maturities97,48213,902   810 
Operating lease, liability8,7152,64667
Other undisclosed noncurrent liabilities(8,715)(2,646)  58  
Total noncurrent liabilities:106,19816,54767 58810 
Total liabilities:151,46128,9085,6491,1483931,10422
Stockholders' equity
Stockholders' equity attributable to parent133,57041,77526,58017,07410,739(376)455
Preferred stock00     
Common stock45434028231010
Treasury stock, value(1,517)(1,333)(1,000)    
Additional paid in capital162,81585,35850,35620,23913,9971,026399
Accumulated other comprehensive loss     (4)(10)
Retained earnings (accumulated deficit)(27,774)(42,293)(22,816)(5,841)(6,790)(1,408)56
Other additional capital   2,6473,508  
Total stockholders' equity:133,57041,77526,58017,07410,739(376)455
TOTAL LIABILITIES AND EQUITY:285,03170,68332,22918,22211,132728477

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues108,42024,00112,4019,4433,530631836
Revenue, net3,530631836
Cost of revenue(59,067)(17,226)(7,616)(2,578)(1,302)(462)(210)
Cost of goods and services sold(59,067)(17,226)(7,616)(2,307)(1,034)(462)(210)
Gross profit:49,3546,7744,7856,8652,227169626
Operating expenses(38,945)(29,677)(21,867)(4,695)(7,463)(1,321)(536)
Operating income (loss):10,409(22,903)(17,082)2,170(5,236)(1,152)90
Nonoperating income (expense)8,5062,587(477)(638)(160)(312)8
Other nonoperating income (expense)    (145)(312)8
Interest and debt expense(7,014)   (86)(22) 
Income (loss) from continuing operations before income taxes:11,901(20,316)(17,559)1,532(5,482)(1,487)98
Income tax expense (benefit)(4,396)899583(583)  (12)
Income (loss) before gain (loss) on sale of properties:7,505(19,417)(16,976)949(5,482)(1,487)86
Other undisclosed net income11,410      
Net income (loss):18,915(19,417)(16,976)949(5,482)(1,487)86
Other undisclosed net income (loss) attributable to parent(4,396)   10022 
Net income (loss) attributable to parent:14,519(19,417)(16,976)949(5,381)(1,464)86
Preferred stock dividends and other adjustments(7,346)      
Net income (loss) available to common stockholders, basic:7,173(19,417)(16,976)949(5,381)(1,464)86
Other undisclosed net loss available to common stockholders, diluted(12,766)      
Net income (loss) available to common stockholders, diluted:(5,593)(19,417)(16,976)949(5,381)(1,464)86

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):18,915(19,417)(16,976)949(5,482)(1,487)86
Comprehensive income (loss):18,915(19,417)(16,976)949(5,482)(1,487)86
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,396)   10023(10)
Comprehensive income (loss), net of tax, attributable to parent:14,519(19,417)(16,976)949(5,381)(1,463)76

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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