GL Brands, Inc.: 10-Q filed 2020-01-31

Name: GL Brands, Inc.: 10-Q filed 2020-01-31
Creator: GL Brands, Inc.

What GL Brands, Inc. reported in its quarterly report filed 2020-01-31 (fiscal Q1 2020): 42 published measures, 88 facts as tagged in accession 0001683168-20-000308.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-01-31
Fiscal period: fiscal Q1 2020
Accession: 0001683168-20-000308 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 2019-09-30	19,458,295	USD
At 2019-06-30	18,226,575	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	13,435,012	USD
At 2019-06-30	9,335,585	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	5,980,592	USD
At 2019-06-30	8,848,299	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	-14,512,256	USD	92
2018-07-01 to 2019-06-30	-12,605,233	USD	365
2018-07-01 to 2018-09-30	-1,102,623	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
2019-07-01 to 2019-09-30	-1,139,610	USD	92
2018-07-01 to 2018-09-30	-525,800	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
2019-07-01 to 2019-09-30	16,783	USD	92
2018-07-01 to 2018-09-30	2,699	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
2019-07-01 to 2019-09-30	2,121,508	USD	92
2018-07-01 to 2019-06-30	2,318,749	USD	365
2018-07-01 to 2018-09-30	608,658	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
2019-07-01 to 2019-09-30	1,038,500	USD	92
2018-07-01 to 2018-09-30	470,427	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
2019-07-01 to 2019-09-30	70,203	USD	92
2018-07-01 to 2018-09-30	-1,489	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 2019-09-30	-36,835,479	USD
At 2019-06-30	-22,323,223	USD

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	143,867	USD
At 2019-06-30	221,722	USD

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	-14,521,320	USD	92
2018-07-01 to 2018-09-30	-1,195,862	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 2019-09-30	3,226,220	USD
At 2019-06-30	2,327,177	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	81,955	USD	92
2018-07-01 to 2018-09-30	6,769	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 2019-09-30	12,922,275	USD
At 2019-06-30	9,248,585	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2019-09-30	15,127,749	USD
At 2019-06-30	15,127,749	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	454,051	USD
At 2019-06-30	549,927	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	116,915	USD
At 2019-06-30	170,371	USD

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.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	15,983,091	USD	92
2018-07-01 to 2018-09-30	1,535,395	USD	92

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	1,970,152	USD
At 2019-06-30	1,084,157	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	1,461,771	USD	92
2018-07-01 to 2018-09-30	339,533	USD	92

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	659,737	USD	92
2018-07-01 to 2018-09-30	269,125	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 2019-09-30	585,983,209	shares
At 2019-06-30	310,600,203	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	42,189,148	USD
At 2019-06-30	30,842,385	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2019-09-30	40,943	USD
At 2019-06-30	17,592	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	6,023,283	USD
At 2019-06-30	8,890,990	USD
At 2018-09-30	3,298,708	USD
At 2018-06-30	3,018,398	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	Days
At 2019-09-30	496,408	USD
At 2019-06-30	0	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2019-09-30	3,082,790	USD
At 2019-06-30	1,998,982	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 2019-09-30	158,933	USD
At 2019-06-30	281,274	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 2019-09-30	15,066	USD
At 2019-06-30	59,552	USD

Other noncurrent assets

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

Period	Value	Unit	Days
At 2019-09-30	10,000	USD
At 2019-06-30	0	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	689,312	USD
At 2019-06-30	616,814	USD

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.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-14,488,905	USD	92
2018-07-01 to 2018-09-30	-1,112,920	USD	92

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	-14,512,256	USD	92
2018-07-01 to 2018-09-30	-1,111,766	USD	92

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	1,972,381	USD	92
2018-07-01 to 2018-09-30	1,114,332	USD	92

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.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	4,724	USD	92
2018-07-01 to 2018-09-30	143,619	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
2019-07-01 to 2019-09-30	103,614	USD	92
2018-07-01 to 2018-09-30	362,884	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
2019-07-01 to 2019-09-30	98,890	USD	92
2018-07-01 to 2018-09-30	219,265	USD	92

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	9,064	USD	92
2018-07-01 to 2018-09-30	93,239	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
2019-07-01 to 2019-09-30	81,954	USD	92
2018-07-01 to 2018-09-30	0	USD	92

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
2019-07-01 to 2019-09-30	-98,456	USD	92
2018-07-01 to 2018-09-30	128,781	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
2019-07-01 to 2019-09-30	885,995	USD	92
2018-07-01 to 2018-09-30	124,517	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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with urlopen("https://canlicapital.com/company-data/0001581545.json") as response:
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print(record["policy"])
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