GB SCIENCES INC: 10-Q filed 2019-11-15

Name: GB SCIENCES INC: 10-Q filed 2019-11-15
Creator: GB SCIENCES INC

What GB SCIENCES INC reported in its quarterly report filed 2019-11-15 (fiscal Q2 2020): 41 published measures, 112 facts as tagged in accession 0001445866-19-001380.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-11-15
Fiscal period: fiscal Q2 2020
Accession: 0001445866-19-001380 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 GB SCIENCES 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 2019-09-30	29,840,249	USD
At 2019-03-31	30,023,302	USD

Total liabilities

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

Period	Value	Unit	Days
At 2019-09-30	15,524,586	USD
At 2019-03-31	12,867,303	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2019-09-30	5,287,686	USD
At 2019-03-31	8,300,242	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
At 2019-09-30	84,799	USD
At 2019-03-31	182,055	USD
At 2018-09-30	2,760,478	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
2019-07-01 to 2019-09-30	-2,683,041	USD	92
2019-04-01 to 2019-09-30	-5,089,709	USD	183
2018-07-01 to 2018-09-30	-9,739,649	USD	92
2018-04-01 to 2018-09-30	-14,906,989	USD	183

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
2019-04-01 to 2019-09-30	-3,546,457	USD	183
2018-04-01 to 2018-09-30	-6,383,922	USD	183

Capital expenditure payments

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

Period	Value	Unit	Days
2019-04-01 to 2019-09-30	202,297	USD	183
2018-04-01 to 2018-09-30	354,158	USD	183

Revenue

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

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	1,171,698	USD	92
2019-04-01 to 2019-09-30	2,082,374	USD	183
2018-07-01 to 2018-09-30	717,229	USD	92
2018-04-01 to 2018-09-30	2,032,513	USD	183

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
2019-04-01 to 2019-09-30	3,967,798	USD	183
2018-04-01 to 2018-09-30	13,940,837	USD	183

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
2019-04-01 to 2019-09-30	-554,782	USD	183
2018-04-01 to 2018-09-30	-8,207,600	USD	183

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 2019-09-30	-90,071,120	USD
At 2019-03-31	-84,743,836	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-57,392	USD	92
2019-04-01 to 2019-09-30	0	USD	183
2018-07-01 to 2018-09-30	0	USD	92
2018-04-01 to 2018-09-30	0	USD	183

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 2019-09-30	10,265,138	USD
At 2019-03-31	10,481,706	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
2019-04-01 to 2019-09-30	341,724	USD	183
2018-04-01 to 2018-09-30	1,995,332	USD	183

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
2019-07-01 to 2019-09-30	-2,088,766	USD	92
2019-04-01 to 2019-09-30	-3,868,008	USD	183
2018-07-01 to 2018-09-30	-3,391,835	USD	92
2018-04-01 to 2018-09-30	-6,474,152	USD	183

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 2019-09-30	3,350,398	USD
At 2019-03-31	3,466,771	USD

Interest expense

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

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	475,558	USD	92
2019-04-01 to 2019-09-30	913,374	USD	183
2018-07-01 to 2018-09-30	2,765,866	USD	92
2018-04-01 to 2018-09-30	4,422,714	USD	183

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 2019-09-30	9,425,322	USD
At 2019-03-31	6,712,180	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 2019-09-30	1,621,424	USD
At 2019-03-31	1,374,771	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 2019-09-30	1,977,672	USD
At 2019-03-31	1,818,802	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2019-09-30	187,179	USD
At 2019-03-31	488,329	USD

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 2019-09-30	1,541,676	USD
At 2019-03-31	1,533,792	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
2019-07-01 to 2019-09-30	-685,452	USD	92
2019-04-01 to 2019-09-30	-399,145	USD	183
2018-07-01 to 2018-09-30	414,485	USD	92
2018-04-01 to 2018-09-30	1,149,204	USD	183

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
2019-07-01 to 2019-09-30	1,857,150	USD	92
2019-04-01 to 2019-09-30	2,481,519	USD	183
2018-07-01 to 2018-09-30	302,744	USD	92
2018-04-01 to 2018-09-30	883,309	USD	183

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.

Period	Value	Unit	Days
At 2019-09-30	255,345,019	shares
At 2019-03-31	240,627,102	shares

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 2019-09-30	95,333,271	USD
At 2019-03-31	93,020,015	USD

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.

Period	Value	Unit
At 2019-09-30	14,315,663	USD
At 2019-06-30	15,610,838	USD
At 2019-03-31	17,155,999	USD
At 2018-09-30	22,007,052	USD
At 2018-06-30	19,888,172	USD
At 2018-03-31	15,631,721	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
At 2019-09-30	156,972	USD
At 2019-04-02	182,624	USD
At 2019-03-31	0	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2019-09-30	171,538	USD
At 2019-04-02	190,173	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 2019-09-30	393,120	USD
At 2019-03-31	244,931	USD

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.

Period	Value	Unit	Days
At 2019-09-30	60,066	USD
At 2019-03-31	262,208	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
2019-07-01 to 2019-09-30	-2,494,867	USD	92
2019-04-01 to 2019-09-30	-4,711,925	USD	183
2018-07-01 to 2018-09-30	-9,205,368	USD	92
2018-04-01 to 2018-09-30	-13,846,672	USD	183

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-2,928,606	USD	92
2019-04-01 to 2019-09-30	-5,467,490	USD	183
2018-07-01 to 2018-09-30	-10,031,065	USD	92
2018-04-01 to 2018-09-30	-15,382,548	USD	183

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.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-2,683,041	USD	92
2019-04-01 to 2019-09-30	-5,089,709	USD	183
2018-07-01 to 2018-09-30	-9,739,649	USD	92
2018-04-01 to 2018-09-30	-14,906,989	USD	183

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
2019-07-01 to 2019-09-30	1,403,314	USD	92
2019-04-01 to 2019-09-30	3,468,863	USD	183
2018-07-01 to 2018-09-30	3,806,320	USD	92
2018-04-01 to 2018-09-30	7,623,356	USD	183

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
2019-07-01 to 2019-09-30	-406,101	USD	92
2019-04-01 to 2019-09-30	-843,917	USD	183
2018-07-01 to 2018-09-30	-5,813,533	USD	92
2018-04-01 to 2018-09-30	-7,372,520	USD	183

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-04-01 to 2019-09-30	332,167	USD	183
2018-04-01 to 2018-09-30	391,324	USD	183

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2019-04-01 to 2019-09-30	1,495,200	USD	183
2018-04-01 to 2018-09-30	8,370,720	USD	183

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
2019-04-01 to 2019-09-30	-202,098	USD	183
2018-04-01 to 2018-09-30	145,996	USD	183

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
2019-04-01 to 2019-09-30	-265,206	USD	183
2018-04-01 to 2018-09-30	658,043	USD	183

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
2019-04-01 to 2019-09-30	196,509	USD	183
2018-04-01 to 2018-09-30	-248,985	USD	183

Inspect the source

Entity: GB SCIENCES INC / CIK 0001165320
Captured: 2026-09-21T17:18:52.310Z
SEC response SHA-256: 12b1d1f0b357f0e2b89807866d8015ff01521dc77cf9434cd2743e05e167f8a9

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.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001165320.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"])))