AMERICAN CANNABIS COMPANY, INC.: 10-Q filed 2022-11-21

Name: AMERICAN CANNABIS COMPANY, INC.: 10-Q filed 2022-11-21
Creator: AMERICAN CANNABIS COMPANY, INC.

What AMERICAN CANNABIS COMPANY, INC. reported in its quarterly report filed 2022-11-21 (fiscal Q3 2022): 37 published measures, 102 facts as tagged in accession 0001903596-22-000846.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-21
Fiscal period: fiscal Q3 2022
Accession: 0001903596-22-000846 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All AMERICAN CANNABIS COMPANY, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-09-30	4,275,374	USD
At 2021-12-31	4,223,199	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-09-30	3,018,186	USD
At 2021-12-31	2,104,218	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-09-30	1,257,188	USD
At 2022-06-30	1,654,838	USD
At 2021-12-31	2,118,981	USD
At 2021-09-30	2,778,820	USD
At 2021-06-30	2,910,180	USD
At 2020-12-31	1,627,187	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-09-30	191,516	USD
At 2021-12-31	670,423	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-397,650	USD	92
2022-01-01 to 2022-09-30	-1,090,628	USD	273
2021-07-01 to 2021-09-30	-158,295	USD	92
2021-01-01 to 2021-09-30	-648,844	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	68,780	USD	273
2021-01-01 to 2021-09-30	-649,784	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	2,123,616	USD	92
2022-01-01 to 2022-09-30	7,487,746	USD	273
2021-07-01 to 2021-09-30	752,953	USD	92
2021-01-01 to 2021-09-30	1,698,910	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-432,371	USD	273
2021-01-01 to 2021-09-30	1,240,663	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-115,316	USD	273
2021-01-01 to 2021-09-30	-1,429,955	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-09-30	-10,538,144	USD
At 2021-12-31	-9,447,517	USD

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	0	USD/shares	92
2022-01-01 to 2022-09-30	-0.01	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.01	USD/shares	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-09-30	442,901	USD
At 2021-12-31	375,832	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	56,170	USD	92
2022-01-01 to 2022-09-30	121,479	USD	273
2021-07-01 to 2021-09-30	8,318	USD	92
2021-01-01 to 2021-09-30	37,008	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-478,277	USD	92
2022-01-01 to 2022-09-30	-1,170,668	USD	273
2021-07-01 to 2021-09-30	-261,392	USD	92
2021-01-01 to 2021-09-30	-845,474	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-09-30	943,205	USD
At 2021-12-31	1,014,595	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-09-30	2,924,436	USD
At 2021-12-31	1,929,218	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-09-30	453,738	USD
At 2021-12-31	242,679	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2022-09-30	1,985,113	USD
At 2021-12-31	1,985,113	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-09-30	686,242	USD
At 2021-12-31	745,937	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	737,458	USD	92
2022-01-01 to 2022-09-30	2,238,032	USD	273
2021-07-01 to 2021-09-30	590,113	USD	92
2021-01-01 to 2021-09-30	1,615,401	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-09-30	352,494	USD
At 2021-12-31	278,608	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	259,180	USD	92
2022-01-01 to 2022-09-30	1,067,363	USD	273
2021-07-01 to 2021-09-30	328,721	USD	92
2021-01-01 to 2021-09-30	769,927	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	1,864,436	USD	92
2022-01-01 to 2022-09-30	6,420,383	USD	273
2021-07-01 to 2021-09-30	424,232	USD	92
2021-01-01 to 2021-09-30	928,983	USD	273

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-09-30	191,516	USD
At 2021-12-31	670,423	USD
At 2021-09-30	884,056	USD
At 2020-12-31	1,723,132	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-09-30	11,794,476	USD
At 2021-12-31	11,565,679	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-09-30	211,913	USD
At 2021-12-31	95,722	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-09-30	542,283	USD
At 2021-12-31	431,851	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-09-30	99,382	USD
At 2021-12-31	56,019	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-09-30	686,242	USD
At 2021-12-31	745,937	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2022-09-30	39,106	USD
At 2021-12-31	74,137	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-397,650	USD	92
2022-01-01 to 2022-09-30	-1,090,628	USD	273
2021-07-01 to 2021-09-30	-158,295	USD	92
2021-01-01 to 2021-09-30	-648,844	USD	273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	617,270	USD	92
2022-01-01 to 2022-09-30	1,951,008	USD	273
2021-07-01 to 2021-09-30	539,340	USD	92
2021-01-01 to 2021-09-30	1,428,092	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	113,362	USD	273
2021-01-01 to 2021-09-30	77,810	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	80,627	USD	92
2022-01-01 to 2022-09-30	80,040	USD	273
2021-07-01 to 2021-09-30	103,097	USD	92
2021-01-01 to 2021-09-30	196,630	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	248,610	USD	273
2021-01-01 to 2021-09-30	185,151	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	73,886	USD	273
2021-01-01 to 2021-09-30	64,930	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	211,059	USD	273
2021-01-01 to 2021-09-30	160,608	USD	273

Inspect the source

Entity: AMERICAN CANNABIS COMPANY, INC. / CIK 0000945617
Captured: 2026-09-21T17:17:49.948Z
SEC response SHA-256: 350382f74854196fa8edb97b9192f89d091de1e6691c382d65438650ca4396a7

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000945617.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))