TOUGHBUILT INDUSTRIES, INC.: 10-K filed 2023-03-31

Name: TOUGHBUILT INDUSTRIES, INC.: 10-K filed 2023-03-31
Creator: TOUGHBUILT INDUSTRIES, INC.

What TOUGHBUILT INDUSTRIES, INC. reported in its annual report filed 2023-03-31 (fiscal FY 2022): 43 published measures, 87 facts as tagged in accession 0001575872-23-000493.

This filing

Form: 10-K (annual report)
Filed: 2023-03-31
Fiscal period: fiscal FY 2022
Accession: 0001575872-23-000493 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 TOUGHBUILT INDUSTRIES, 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 2022-12-31	83,916,996	USD
At 2021-12-31	78,954,525	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-12-31	54,209,052	USD
At 2021-12-31	21,058,002	USD

Stockholders equity

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

Period	Value	Unit
At 2022-12-31	29,707,944	USD
At 2021-12-31	57,896,523	USD
At 2020-12-31	19,346,053	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
2022-01-01 to 2022-12-31	-39,295,273	USD	365
2021-01-01 to 2021-12-31	-37,525,898	USD	365

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
2022-01-01 to 2022-12-31	-37,291,817	USD	365
2021-01-01 to 2021-12-31	-66,184,477	USD	365

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
2022-01-01 to 2022-12-31	5,099,768	USD	365
2021-01-01 to 2021-12-31	11,300,828	USD	365

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.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	95,253,767	USD	365
2021-01-01 to 2021-12-31	70,026,324	USD	365

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
2022-01-01 to 2022-12-31	37,433,598	USD	365
2021-01-01 to 2021-12-31	82,762,679	USD	365

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
2022-01-01 to 2022-12-31	-5,049,768	USD	365
2021-01-01 to 2021-12-31	-11,300,828	USD	365

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 2022-12-31	-144,953,053	USD
At 2021-12-31	-98,287,890	USD

Basic weighted-average shares

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

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	6,591,356	shares	365
2021-01-01 to 2021-12-31	669,125	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	6,591,356	shares	365
2021-01-01 to 2021-12-31	669,125	shares	365

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.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-7.09	USD/shares	365
2021-01-01 to 2021-12-31	-56.08	USD/shares	365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-7.09	USD/shares	365
2021-01-01 to 2021-12-31	-56.08	USD/shares	365

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 2022-12-31	17,500,383	USD
At 2021-12-31	13,341,629	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
2022-01-01 to 2022-12-31	758,152	USD	365
2021-01-01 to 2021-12-31	245,548	USD	365

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
2022-01-01 to 2022-12-31	-52,275,592	USD	365
2021-01-01 to 2021-12-31	-39,300,822	USD	365

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 2022-12-31	60,109,974	USD
At 2021-12-31	64,870,205	USD

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 2022-12-31	50,731,672	USD
At 2021-12-31	21,058,002	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 2022-12-31	29,671,272	USD
At 2021-12-31	14,440,506	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 2022-12-31	16,810,659	USD
At 2021-12-31	18,179,933	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
2022-01-01 to 2022-12-31	77,486,855	USD	365
2021-01-01 to 2021-12-31	58,414,633	USD	365

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 2022-12-31	40,365,286	USD
At 2021-12-31	38,432,012	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
2022-01-01 to 2022-12-31	25,211,263	USD	365
2021-01-01 to 2021-12-31	19,113,811	USD	365

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	66,189,907	USD	365
2021-01-01 to 2021-12-31	51,434,180	USD	365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	11,296,948	USD	365
2021-01-01 to 2021-12-31	6,980,453	USD	365

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 2022-12-31	14,078,997	shares
At 2021-12-31	861,997	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 2022-12-31	174,659,589	USD
At 2021-12-31	156,184,327	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 2022-12-31	4,415,859	USD
At 2016-02-29	1,034,588	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 2022-12-31	4,437,010	USD
At 2016-02-29	1,044,828	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 2022-12-31	7,130,916	USD
At 2021-12-31	2,992,692	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 2022-12-31	1,890,780	USD
At 2021-12-31	742,691	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 2022-12-31	3,010,914	USD
At 2021-12-31	1,815,567	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2022-12-31	0	USD
At 2021-12-31	0	USD

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
2022-01-01 to 2022-12-31	-46,762,473	USD	365
2021-01-01 to 2021-12-31	-37,525,898	USD	365

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
2022-01-01 to 2022-12-31	4,162,153	USD	365
2021-01-01 to 2021-12-31	1,839,069	USD	365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	12,980,319	USD	365
2021-01-01 to 2021-12-31	1,774,924	USD	365

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
2022-01-01 to 2022-12-31	0	USD	365
2021-01-01 to 2021-12-31	0	USD	365

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
2022-01-01 to 2022-12-31	0	USD	365
2021-01-01 to 2021-12-31	0	USD	365

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
2022-01-01 to 2022-12-31	32,981,948	USD	365
2021-01-01 to 2021-12-31	77,941,089	USD	365

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
2022-01-01 to 2022-12-31	1,549,595	USD	365
2021-01-01 to 2021-12-31	7,642,538	USD	365

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
2022-01-01 to 2022-12-31	1,933,274	USD	365
2021-01-01 to 2021-12-31	29,516,668	USD	365

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
2022-01-01 to 2022-12-31	11,943,821	USD	365
2021-01-01 to 2021-12-31	6,672,358	USD	365

Inspect the source

Entity: TOUGHBUILT INDUSTRIES, INC. / CIK 0001668370
Captured: 2026-09-21T17:22:35.882Z
SEC response SHA-256: 9281ad4a7846c802fa80b0c9e321d9796aa51cd0c1e22a89682b8dc7f29d2258

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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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001668370.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"])))