GL Brands, Inc.: 10-Q filed 2017-11-20

Name: GL Brands, Inc.: 10-Q filed 2017-11-20
Creator: GL Brands, Inc.

What GL Brands, Inc. reported in its quarterly report filed 2017-11-20 (fiscal Q1 2018): 34 published measures, 68 facts as tagged in accession 0001683168-17-003119.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-11-20
Fiscal period: fiscal Q1 2018
Accession: 0001683168-17-003119 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 GL Brands, 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 2017-09-30	1,020,906	USD
At 2017-06-30	990,819	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-09-30	905,345	USD
At 2017-06-30	653,001	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-09-30	-58,439	USD
At 2017-06-30	187,818	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
2017-07-01 to 2017-09-30	-707,584	USD	92
2016-07-01 to 2016-09-30	-401,892	USD	92

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
2017-07-01 to 2017-09-30	-101,805	USD	92
2016-07-01 to 2016-09-30	-21,877	USD	92

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
2017-07-01 to 2017-09-30	30,000	USD	92
2016-07-01 to 2016-09-30	0	USD	92

Revenue

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

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	1,327	USD	92
2016-07-01 to 2016-09-30	120,554	USD	92

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
2017-07-01 to 2017-09-30	152,753	USD	92
2016-07-01 to 2016-09-30	23,968	USD	92

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
2017-07-01 to 2017-09-30	-33,437	USD	92
2016-07-01 to 2016-09-30	-850	USD	92

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 2017-09-30	-5,628,572	USD
At 2017-06-30	-4,920,988	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
2017-07-01 to 2017-09-30	0	USD	92
2016-07-01 to 2016-09-30	0	USD	92

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 2017-09-30	142,313	USD
At 2017-06-30	0	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
2017-07-01 to 2017-09-30	294,330	USD	92
2016-07-01 to 2016-09-30	256,900	USD	92

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
2017-07-01 to 2017-09-30	-682,042	USD	92
2016-07-01 to 2016-09-30	-370,176	USD	92

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 2017-09-30	499,456	USD
At 2017-06-30	641,915	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
2017-07-01 to 2017-09-30	5,209	USD	92
2016-07-01 to 2016-09-30	2,401	USD	92

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 2017-09-30	586,474	USD
At 2017-06-30	174,256	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 2017-09-30	154,850	USD
At 2017-06-30	15,789	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 2017-09-30	14,053	USD
At 2017-06-30	14,053	USD

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
2017-07-01 to 2017-09-30	33,146	USD	92
2016-07-01 to 2016-09-30	25,265	USD	92

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 2017-09-30	124,591,272	shares
At 2017-06-30	111,101,795	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 2017-09-30	5,444,594	USD
At 2017-06-30	4,996,756	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 2017-09-30	148,500	USD
At 2017-06-30	0	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 2017-09-30	6,187	USD
At 2017-06-30	0	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 2017-09-30	14,053	USD
At 2017-06-30	10,820	USD

Other noncurrent liabilities

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

Period	Value	Unit	Days
At 2017-09-30	0	USD
At 2017-06-30	188,075	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 2017-09-30	66,278	USD
At 2017-06-30	31,891	USD

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
2017-07-01 to 2017-09-30	647,640	USD	92
2016-07-01 to 2016-09-30	451,671	USD	92

Depreciation, depletion and amortization

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

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	6,391	USD	92
2016-07-01 to 2016-09-30	140	USD	92

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	204	USD	92
2016-07-01 to 2016-09-30	140	USD	92

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
2017-07-01 to 2017-09-30	0	USD	92
2016-07-01 to 2016-09-30	0	USD	92

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	0	USD	92
2016-07-01 to 2016-09-30	0	USD	92

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
2017-07-01 to 2017-09-30	0	USD	92
2016-07-01 to 2016-09-30	-1,075	USD	92

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
2017-07-01 to 2017-09-30	52,205	USD	92
2016-07-01 to 2016-09-30	14,220	USD	92

Inspect the source

Entity: GL Brands, Inc. / CIK 0001581545
Captured: 2026-09-22 19:51 UTC
SEC response SHA-256: 9afc40b15c1971dc9326a56cd45e144ab03056463aa9aaf7fcb2d01cdecd247e

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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/0001581545.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"])))