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CANNABIS SCIENCE, INC.: 10-Q filed 2017-11-20

What CANNABIS SCIENCE, INC. reported in its quarterly report filed 2017-11-20 (fiscal Q3 2017): 37 published measures, 94 facts as tagged in accession 0001562884-17-000081.

This filing

Form
10-Q (quarterly report)
Filed
2017-11-20
Fiscal period
fiscal Q3 2017
Accession
0001562884-17-000081 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 CANNABIS SCIENCE, INC. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2017-09-302,080,850USD
At 2016-12-312,476,766USD

Stockholders equity

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

PeriodValueUnitDays
At 2017-09-30-2,609,208USD
At 2016-12-31-1,195,049USD

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.

PeriodValueUnitDays
At 2017-09-3029,294USD
At 2016-12-31332,888USD
At 2016-09-3011,045USD
At 2015-12-3161,971USD

Net income or loss

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

PeriodValueUnitDays
2017-07-01 to 2017-09-30-3,512,680USD92
2017-01-01 to 2017-09-30-10,153,166USD273
2016-07-01 to 2016-09-30-6,955,569USD92
2016-01-01 to 2016-09-30-12,033,272USD274

Operating cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-09-30-625,430USD273
2016-01-01 to 2016-09-30-735,703USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2017-01-01 to 2017-09-30766USD273

Revenue

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

PeriodValueUnitDays
2017-07-01 to 2017-09-302,317USD92
2017-01-01 to 2017-09-306,302USD273
2016-07-01 to 2016-09-302,733USD92
2016-01-01 to 2016-09-308,520USD274

Financing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-09-30650,954USD273
2016-01-01 to 2016-09-30715,724USD274

Investing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-09-30-330,792USD273
2016-01-01 to 2016-09-30-31,339USD274

Retained earnings or deficit

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

PeriodValueUnitDays
At 2017-09-30-148,335,348USD
At 2016-12-31-138,137,771USD

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.

PeriodValueUnitDays
At 2017-09-30321,370USD
At 2016-12-310USD

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.

PeriodValueUnitDays
2017-01-01 to 2017-09-301,010,000USD273

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.

PeriodValueUnitDays
2017-07-01 to 2017-09-30-3,100,224USD92
2017-01-01 to 2017-09-30-9,059,375USD273
2016-07-01 to 2016-09-30-6,955,569USD92
2016-01-01 to 2016-09-30-12,032,370USD274

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.

PeriodValueUnitDays
At 2017-09-30472,132USD
At 2016-12-311,280,396USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2017-07-01 to 2017-09-30392,956USD92
2017-01-01 to 2017-09-301,022,541USD273
2016-01-01 to 2016-09-30902USD274

Current liabilities

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

PeriodValueUnitDays
At 2017-09-305,237,434USD
At 2016-12-314,263,602USD

Current accounts payable

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

PeriodValueUnitDays
At 2017-09-30773,950USD
At 2016-12-31856,269USD

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.

PeriodValueUnitDays
At 2017-09-30139,750USD
At 2016-12-31172,000USD

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.

PeriodValueUnitDays
2017-07-01 to 2017-09-303,101,358USD92
2017-01-01 to 2017-09-309,062,432USD273
2016-07-01 to 2016-09-306,956,895USD92
2016-01-01 to 2016-09-3012,037,281USD274

Net inventory

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

PeriodValueUnitDays
At 2017-09-30151,675USD
At 2016-12-31102,993USD

Gross profit

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

PeriodValueUnitDays
2017-07-01 to 2017-09-301,134USD92
2017-01-01 to 2017-09-303,057USD273
2016-07-01 to 2016-09-301,326USD92
2016-01-01 to 2016-09-304,911USD274

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2017-07-01 to 2017-09-30125,513USD92
2017-01-01 to 2017-09-30511,345USD273
2016-07-01 to 2016-09-306,487USD92
2016-01-01 to 2016-09-30265,024USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2017-09-302,521,005,296shares
At 2016-12-312,350,355,296shares

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.

PeriodValueUnitDays
At 2017-09-30148,164,025USD
At 2016-12-31136,963,520USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2017-09-30-3,156,584USD
At 2016-12-31-1,786,836USD

Gross property, plant and equipment

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

PeriodValueUnitDays
At 2017-09-30341,508USD
At 2016-12-310USD

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.

PeriodValueUnitDays
At 2017-09-3020,138USD
At 2016-12-310USD

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.

PeriodValueUnitDays
At 2017-09-30945,121USD
At 2016-12-31751,726USD

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.

PeriodValueUnitDays
At 2017-09-301,267,745USD
At 2016-12-31884,465USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2017-09-30268,448USD
At 2016-12-31808,514USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2017-07-01 to 2017-09-30-3,508,299USD92
2017-01-01 to 2017-09-30-10,195,903USD273
2016-07-01 to 2016-09-30-6,955,770USD92
2016-01-01 to 2016-09-30-11,954,467USD274

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2017-07-01 to 2017-09-30-3,511,336USD92
2017-01-01 to 2017-09-30-10,197,577USD273
2016-07-01 to 2016-09-30-6,955,569USD92
2016-01-01 to 2016-09-30-11,954,859USD274

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.

PeriodValueUnitDays
2017-07-01 to 2017-09-302,720,660USD92
2017-01-01 to 2017-09-307,855,375USD273
2016-07-01 to 2016-09-302,301,712USD92
2016-01-01 to 2016-09-306,082,880USD274

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2017-01-01 to 2017-09-30169,527USD273
2016-01-01 to 2016-09-3057,853USD274

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.

PeriodValueUnitDays
2017-07-01 to 2017-09-30-412,456USD92
2017-01-01 to 2017-09-30-1,093,791USD273
2016-01-01 to 2016-09-30-902USD274

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.

PeriodValueUnitDays
2017-01-01 to 2017-09-3048,682USD273
2016-01-01 to 2016-09-3073,739USD274

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.

PeriodValueUnitDays
2017-01-01 to 2017-09-30292,681USD273
2016-01-01 to 2016-09-30411,616USD274

Inspect the source

Entity
CANNABIS SCIENCE, INC. / CIK 0001024626
Captured
SEC response SHA-256
a507f705a761f1835f21a5dc3185d76f6c463b52eab6e094b0e522811b592cf2

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

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Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001024626.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"])))