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Grapefruit USA, Inc.: 10-Q filed 2022-08-22

What Grapefruit USA, Inc. reported in its quarterly report filed 2022-08-22 (fiscal Q2 2022): 41 published measures, 100 facts as tagged in accession 0001493152-22-023697.

This filing

Form
10-Q (quarterly report)
Filed
2022-08-22
Fiscal period
fiscal Q2 2022
Accession
0001493152-22-023697 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 Grapefruit USA, Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2022-06-302,390,717USD
At 2021-12-312,816,171USD

Total liabilities

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

PeriodValueUnitDays
At 2022-06-308,195,245USD
At 2021-12-318,630,956USD

Stockholders equity

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

PeriodValueUnitDays
At 2022-06-30-5,797,394USD
At 2021-12-31-5,807,651USD

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 2022-06-305,035USD
At 2021-12-319,095USD

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
2022-01-01 to 2022-06-30-1,849,495USD181
2021-01-01 to 2021-06-30-2,763,327USD181

Operating cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-06-30-281,394USD181
2021-01-01 to 2021-06-30-807,164USD181

Capital expenditure payments

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

PeriodValueUnitDays
2021-01-01 to 2021-06-3056,679USD181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2022-04-01 to 2022-06-3024,062USD91
2022-01-01 to 2022-06-3029,711USD181
2021-04-01 to 2021-06-3082,489USD91
2021-01-01 to 2021-06-30433,304USD181

Financing cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-06-30277,334USD181
2021-01-01 to 2021-06-30752,103USD181

Investing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-06-30-56,679USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2022-06-30-18,675,659USD
At 2021-12-31-16,826,164USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2022-04-01 to 2022-06-30559,514,158shares91
2022-01-01 to 2022-06-30561,807,925shares181
2021-04-01 to 2021-06-30518,864,169shares91
2021-01-01 to 2021-06-30521,811,303shares181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-300USD/shares91
2022-01-01 to 2022-06-300USD/shares181
2021-01-01 to 2021-12-31-0.01USD/shares365
2021-04-01 to 2021-06-300USD/shares91
2021-01-01 to 2021-06-30-0.01USD/shares181

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 2022-06-301,725,261USD
At 2021-12-311,769,627USD

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
2022-04-01 to 2022-06-30-866,364USD91
2022-01-01 to 2022-06-30-1,172,115USD181
2021-04-01 to 2021-06-30-602,284USD91
2021-01-01 to 2021-06-30-1,079,912USD181

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 2022-06-30404,651USD
At 2021-12-31767,322USD

Interest expense

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

PeriodValueUnitDays
2022-01-01 to 2022-06-30315,335USD181

Current liabilities

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

PeriodValueUnitDays
At 2022-06-307,281,488USD
At 2021-12-317,703,573USD

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 2022-06-30250,000USD
At 2021-12-31250,000USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2022-06-3022,379USD
At 2021-12-31278,422USD

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
2022-04-01 to 2022-06-30727,976USD91
2022-01-01 to 2022-06-30967,515USD181
2021-04-01 to 2021-06-30527,610USD91
2021-01-01 to 2021-06-30932,618USD181

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 2022-06-30339,312USD
At 2021-12-31389,282USD

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
2022-04-01 to 2022-06-30-138,388USD91
2022-01-01 to 2022-06-30-204,600USD181
2021-04-01 to 2021-06-30-74,674USD91
2021-01-01 to 2021-06-30-147,294USD181

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 2022-06-30585,293,195shares
At 2021-12-31557,162,744shares

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 2022-06-3012,819,736USD
At 2021-12-3110,962,797USD

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 2022-06-30-5,804,528USD
At 2021-12-31-5,814,785USD
At 2021-06-30-3,556,819USD
At 2020-12-31-4,679,747USD

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.

PeriodValueUnitDays
At 2022-06-303,346USD
At 2021-12-3121,763USD

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.

PeriodValueUnitDays
At 2022-06-3015,928USD

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 2022-06-30307,888USD
At 2021-12-31263,522USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2022-06-307,459USD
At 2021-12-317,459USD

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,365,240USD91
2022-01-01 to 2022-06-30-1,849,495USD181
2021-04-01 to 2021-06-30-1,346,626USD91
2021-01-01 to 2021-06-30-2,763,327USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,365,240USD91
2022-01-01 to 2022-06-30-1,849,495USD181
2021-04-01 to 2021-06-30-1,346,626USD91
2021-01-01 to 2021-06-30-2,763,327USD181

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
2022-01-01 to 2022-06-30-1,849,495USD181
2021-01-01 to 2021-12-31-5,504,670USD365

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
2022-04-01 to 2022-06-30727,976USD91
2022-01-01 to 2022-06-30967,515USD181
2021-04-01 to 2021-06-30529,246USD91
2021-01-01 to 2021-06-30930,658USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-3044,366USD181
2021-01-01 to 2021-06-3046,113USD181

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
2022-04-01 to 2022-06-30-498,876USD91
2022-01-01 to 2022-06-30-677,380USD181
2021-04-01 to 2021-06-30-744,342USD91
2021-01-01 to 2021-06-30-1,683,415USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-3059,992USD181
2021-01-01 to 2021-06-3077,467USD181

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.

PeriodValueUnitDays
2021-01-01 to 2021-06-3075,000USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-30-5,989USD181
2021-01-01 to 2021-06-30188,730USD181

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
2022-01-01 to 2022-06-3018,970USD181
2021-01-01 to 2021-06-3038,185USD181

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
2022-01-01 to 2022-06-3076,283USD181
2021-01-01 to 2021-06-30-4,000USD181

Inspect the source

Entity
Grapefruit USA, Inc. / CIK 0001205181
Captured
SEC response SHA-256
71e1931ef3b096df85aab100feb43553664ade8148dbae23eb03d1d559417fd7

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/0001205181.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"])))