Veritas Farms, Inc.: 10-Q filed 2019-08-14

Name: Veritas Farms, Inc.: 10-Q filed 2019-08-14
Creator: Veritas Farms, Inc.

What Veritas Farms, Inc. reported in its quarterly report filed 2019-08-14 (fiscal Q2 2019): 39 published measures, 103 facts as tagged in accession 0001213900-19-015876.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-08-14
Fiscal period: fiscal Q2 2019
Accession: 0001213900-19-015876 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 Veritas Farms, 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 2019-06-30	12,579,773	USD
At 2018-12-31	7,014,086	USD

Total liabilities

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

Period	Value	Unit	Days
At 2019-06-30	1,172,132	USD
At 2018-12-31	934,737	USD

Stockholders equity

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

Period	Value	Unit
At 2019-06-30	11,407,641	USD
At 2019-03-31	5,028,727	USD
At 2018-12-31	6,079,349	USD
At 2018-06-30	3,247,929	USD
At 2018-03-31	2,908,106	USD
At 2017-12-31	3,108,287	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 2019-06-30	3,261,372	USD
At 2018-12-31	164,086	USD
At 2018-06-30	9,280	USD
At 2017-12-31	27,803	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
2019-04-01 to 2019-06-30	-1,333,015	USD	91
2019-01-01 to 2019-06-30	-3,159,939	USD	181
2019-01-01 to 2019-03-31	-1,826,924	USD	90
2018-04-01 to 2018-06-30	-328,134	USD	91
2018-01-01 to 2018-06-30	-681,429	USD	181
2018-01-01 to 2018-03-31	-353,295	USD	90

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
2019-01-01 to 2019-06-30	-3,560,200	USD	181
2018-01-01 to 2018-06-30	-729,775	USD	181

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
2019-01-01 to 2019-06-30	688,001	USD	181

Revenue

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

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	2,971,345	USD	91
2019-01-01 to 2019-06-30	4,496,275	USD	181
2018-04-01 to 2018-06-30	487,169	USD	91
2018-01-01 to 2018-06-30	818,585	USD	181

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
2019-01-01 to 2019-06-30	7,345,487	USD	181
2018-01-01 to 2018-06-30	711,252	USD	181

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
2019-01-01 to 2019-06-30	-688,001	USD	181

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 2019-06-30	-11,086,939	USD
At 2018-12-31	-7,927,000	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 2019-06-30	4,441,294	USD
At 2018-12-31	3,932,459	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
2019-01-01 to 2019-06-30	854,672	USD	181
2018-01-01 to 2018-06-30	121,578	USD	181

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
2019-04-01 to 2019-06-30	-1,325,025	USD	91
2019-01-01 to 2019-06-30	-3,145,045	USD	181
2018-04-01 to 2018-06-30	-323,821	USD	91
2018-01-01 to 2018-06-30	-691,353	USD	181

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 2019-06-30	7,905,797	USD
At 2018-12-31	3,033,593	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 2019-06-30	987,542	USD
At 2018-12-31	738,476	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 2019-06-30	572,330	USD
At 2018-12-31	189,431	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 2019-06-30	1,392,127	USD
At 2018-12-31	244,150	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
2019-04-01 to 2019-06-30	2,848,438	USD	91
2019-01-01 to 2019-06-30	5,295,892	USD	181
2018-04-01 to 2018-06-30	493,295	USD	91
2018-01-01 to 2018-06-30	994,240	USD	181

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 2019-06-30	3,216,671	USD
At 2018-12-31	2,508,954	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
2019-04-01 to 2019-06-30	1,523,413	USD	91
2019-01-01 to 2019-06-30	2,150,847	USD	181
2018-04-01 to 2018-06-30	169,474	USD	91
2018-01-01 to 2018-06-30	302,887	USD	181

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
2019-04-01 to 2019-06-30	1,447,932	USD	91
2019-01-01 to 2019-06-30	2,345,428	USD	181
2018-04-01 to 2018-06-30	317,695	USD	91
2018-01-01 to 2018-06-30	515,698	USD	181

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 2019-06-30	139,375,666	shares
At 2018-12-31	111,504,833	shares

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 2019-06-30	174,648	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 2019-06-30	166,313	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 2019-06-30	221,545	USD
At 2018-12-31	246,693	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 2019-06-30	5,200,692	USD
At 2018-12-31	4,512,691	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 2019-06-30	759,398	USD
At 2018-12-31	580,232	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 2019-06-30	183,803	USD
At 2018-12-31	165,677	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
2019-04-01 to 2019-06-30	-1,333,015	USD	91
2019-01-01 to 2019-06-30	-3,159,939	USD	181
2018-04-01 to 2018-06-30	-328,134	USD	91
2018-01-01 to 2018-06-30	-681,429	USD	181

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
2019-04-01 to 2019-06-30	2,848,438	USD	91
2019-01-01 to 2019-06-30	5,295,892	USD	181
2018-04-01 to 2018-06-30	493,295	USD	91
2018-01-01 to 2018-06-30	994,240	USD	181

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
2019-01-01 to 2019-06-30	179,166	USD	181
2018-01-01 to 2018-06-30	126,728	USD	181

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
2019-04-01 to 2019-06-30	95,168	USD	91
2019-01-01 to 2019-06-30	179,166	USD	181
2018-04-01 to 2018-06-30	63,463	USD	91
2018-01-01 to 2018-06-30	126,728	USD	181

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
2019-04-01 to 2019-06-30	-7,990	USD	91
2019-01-01 to 2019-06-30	-14,894	USD	181
2018-04-01 to 2018-06-30	-4,313	USD	91
2018-01-01 to 2018-06-30	9,924	USD	181

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
2019-01-01 to 2019-06-30	7,724	USD	181
2018-01-01 to 2018-06-30	13,347	USD	181

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
2019-01-01 to 2019-06-30	6,122,934	USD	181
2018-01-01 to 2018-12-31	5,532,852	USD	365
2018-01-01 to 2018-06-30	699,493	USD	181

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
2019-01-01 to 2019-06-30	1,147,977	USD	181
2018-01-01 to 2018-06-30	100,933	USD	181

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
2019-01-01 to 2019-06-30	707,717	USD	181
2018-01-01 to 2018-06-30	202,869	USD	181

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
2019-01-01 to 2019-06-30	382,899	USD	181
2018-01-01 to 2018-06-30	-56,885	USD	181

Inspect the source

Entity: Veritas Farms, Inc. / CIK 0001669400
Captured: 2026-09-22 19:53 UTC
SEC response SHA-256: b066028bf8ee758b0a2fa4d979d3fba87887bc7e9da0ca8f4695e7c6e781a103

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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print(record["policy"])
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