United Cannabis Corp: 10-Q filed 2016-05-23

Name: United Cannabis Corp: 10-Q filed 2016-05-23
Creator: United Cannabis Corp
License: https://creativecommons.org/licenses/by/4.0/

What United Cannabis Corp reported in its quarterly report filed 2016-05-23 (fiscal Q1 2016): 21 published measures, 45 facts as tagged in accession 0001553350-16-002073.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-05-23
Fiscal period: fiscal Q1 2016
Accession: 0001553350-16-002073 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All United Cannabis Corp 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 2016-03-31	269,858	USD
At 2015-12-31	594,428	USD

Total liabilities

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

Period	Value	Unit	Days
At 2016-03-31	2,618,143	USD
At 2015-12-31	3,063,309	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2016-03-31	-2,348,285	USD
At 2015-12-31	-2,468,881	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 2016-03-31	28,298	USD
At 2015-12-31	118,420	USD
At 2015-03-31	35,551	USD
At 2014-12-31	321,353	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
2016-01-01 to 2016-03-31	-538,299	USD	91
2015-01-01 to 2015-03-31	-1,335,900	USD	90

Revenue

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

Period	Value	Unit	Days
2016-01-01 to 2016-03-31	245,390	USD	91
2015-01-01 to 2015-03-31	88,830	USD	90

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 2016-03-31	-6,046,627	USD
At 2015-12-31	-5,508,329	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
2016-01-01 to 2016-03-31	46,382	USD	91
2015-01-01 to 2015-03-31	214,037	USD	90

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
2016-01-01 to 2016-03-31	-62,803	USD	91
2015-01-01 to 2015-03-31	-497,387	USD	90

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 2016-03-31	134,460	USD
At 2015-12-31	268,880	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
2016-01-01 to 2016-03-31	56,581	USD	91
2015-01-01 to 2015-03-31	19,911	USD	90

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 2016-03-31	2,279,393	USD
At 2015-12-31	2,679,559	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 2016-03-31	86,306	USD
At 2015-12-31	53,435	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
2016-01-01 to 2016-03-31	145,367	USD	91
2015-01-01 to 2015-03-31	61,775	USD	90

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
2016-01-01 to 2016-03-31	100,023	USD	91
2015-01-01 to 2015-03-31	27,055	USD	90

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
At 2016-03-31	44,988,500	shares
At 2015-12-31	44,988,500	shares
At 2014-03-26	43,620,000	shares

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 2016-03-31	32,273	USD
At 2015-12-31	32,273	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 2016-03-31	224,000	USD
At 2015-12-31	928,533	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
2016-01-01 to 2016-03-31	-538,299	USD	91
2015-01-01 to 2015-03-31	-1,335,900	USD	90

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
2016-01-01 to 2016-03-31	208,170	USD	91
2015-01-01 to 2015-03-31	559,162	USD	90

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
2016-01-01 to 2016-03-31	32,871	USD	91
2015-01-01 to 2015-03-31	27,604	USD	90

Inspect the source

Entity: United Cannabis Corp / CIK 0001436161
Captured: 2026-09-22 19:48 UTC
SEC response SHA-256: 48d2cf35c378d7ddbc82b8ab99896844e6c2319227f83514b6d1f1fba0fbfac9

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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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001436161.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"])))