Skip to content

Veritas Farms, Inc.: 10-Q filed 2020-08-18

What Veritas Farms, Inc. reported in its quarterly report filed 2020-08-18 (fiscal Q2 2020): 41 published measures, 108 facts as tagged in accession 0001213900-20-022631.

This filing

Form
10-Q (quarterly report)
Filed
2020-08-18
Fiscal period
fiscal Q2 2020
Accession
0001213900-20-022631 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.

PeriodValueUnitDays
At 2020-06-3014,016,654USD
At 2019-12-3114,218,557USD

Total liabilities

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

PeriodValueUnitDays
At 2020-06-304,362,979USD
At 2019-12-312,023,345USD

Stockholders equity

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

PeriodValueUnitDays
At 2020-06-309,653,676USD
At 2020-03-3110,342,669USD
At 2019-12-3112,195,212USD
At 2019-06-301,107,641USD
At 2019-03-31-5,028,727USD
At 2018-12-316,079,349USD

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.

PeriodValueUnitDays
At 2020-06-30136,341USD
At 2019-12-311,076,543USD
At 2019-06-303,261,372USD
At 2018-12-31164,086USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2020-04-01 to 2020-06-30-1,228,035USD91
2020-01-01 to 2020-06-30-3,553,304USD182
2019-04-01 to 2019-06-30-1,333,015USD91
2019-01-01 to 2019-06-30-3,159,939USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2020-01-01 to 2020-06-30-1,909,513USD182
2019-01-01 to 2019-06-30-3,511,562USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2020-01-01 to 2020-06-3077,423USD182
2019-01-01 to 2019-06-30688,001USD181

Revenue

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

PeriodValueUnitDays
2020-04-01 to 2020-06-302,209,388USD91
2020-01-01 to 2020-06-303,363,699USD182
2019-04-01 to 2019-06-302,971,345USD91
2019-01-01 to 2019-06-304,496,275USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2020-01-01 to 2020-06-301,046,734USD182
2019-01-01 to 2019-06-307,296,848USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2020-01-01 to 2020-06-30-77,423USD182
2019-01-01 to 2019-06-30-688,001USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2020-06-30-22,627,912USD
At 2019-12-31-19,074,608USD

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.

PeriodValueUnitDays
At 2020-06-304,733,886USD
At 2019-12-314,914,063USD

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-30916,768USD182
2019-01-01 to 2019-06-30854,672USD181

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-30-1,179,840USD91
2020-01-01 to 2020-06-30-3,498,045USD182
2019-04-01 to 2019-06-30-1,325,025USD91
2019-01-01 to 2019-06-30-3,145,045USD181

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.

PeriodValueUnitDays
At 2020-06-307,872,238USD
At 2019-12-318,822,953USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2020-06-303,212,203USD
At 2019-12-311,785,721USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2020-06-301,742,971USD
At 2019-12-311,567,611USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2020-06-30944,764USD
At 2019-12-31523,033USD

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-302,388,187USD91
2020-01-01 to 2020-06-305,184,005USD182
2019-04-01 to 2019-06-302,848,438USD91
2019-01-01 to 2019-06-305,295,892USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2020-06-306,465,507USD
At 2019-12-316,600,455USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2020-04-01 to 2020-06-301,208,347USD91
2020-01-01 to 2020-06-301,685,960USD182
2019-04-01 to 2019-06-301,523,413USD91
2019-01-01 to 2019-06-302,150,847USD181

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-301,001,041USD91
2020-01-01 to 2020-06-301,677,739USD182
2019-04-01 to 2019-06-301,447,932USD91
2019-01-01 to 2019-06-302,345,428USD181

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.

PeriodValueUnitDays
At 2020-06-3041,624,977shares
At 2019-12-3141,330,268shares

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.

PeriodValueUnitDays
At 2020-06-301,074,317USD
At 2019-12-31134,345USD

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.

PeriodValueUnitDays
At 2020-06-301,098,749USD
At 2019-12-31132,844USD

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.

PeriodValueUnitDays
At 2020-06-301,182,718USD
At 2019-12-31252,822USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2020-06-305,967,491USD
At 2019-12-315,890,068USD

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.

PeriodValueUnitDays
At 2020-06-301,233,605USD
At 2019-12-31976,005USD

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.

PeriodValueUnitDays
At 2020-06-30193,251USD
At 2019-12-3151,240USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2020-06-3016,539USD

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-30-1,228,035USD91
2020-01-01 to 2020-06-30-3,553,304USD182
2019-04-01 to 2019-06-30-1,333,015USD91
2019-01-01 to 2019-06-30-3,159,939USD181

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2020-04-01 to 2020-06-30-1,228,035USD91
2020-01-01 to 2020-03-31-2,325,269USD91
2019-04-01 to 2019-06-30-1,333,015USD91
2019-01-01 to 2019-03-31-1,826,924USD90

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-302,388,187USD91
2020-01-01 to 2020-06-305,184,005USD182
2019-04-01 to 2019-06-302,848,438USD91
2019-01-01 to 2019-06-305,295,892USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-30257,600USD182
2019-01-01 to 2019-06-30179,166USD181

Depreciation, depletion and amortization

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

PeriodValueUnitDays
2020-04-01 to 2020-06-30128,658USD91
2020-01-01 to 2020-06-30257,600USD182
2019-04-01 to 2019-06-3095,168USD91
2019-01-01 to 2019-06-30179,166USD181

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-30-48,195USD91
2020-01-01 to 2020-06-30-55,259USD182
2019-04-01 to 2019-06-30-7,990USD91
2019-01-01 to 2019-06-30-14,894USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-307,208USD182
2019-01-01 to 2019-06-307,724USD181

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.

PeriodValueUnitDays
2019-01-01 to 2019-06-306,122,934USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-30421,731USD182
2019-01-01 to 2019-06-301,147,977USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-30-134,948USD182
2019-01-01 to 2019-06-30707,717USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-30175,360USD182
2019-01-01 to 2019-06-30382,899USD181

Inspect the source

Entity
Veritas Farms, Inc. / CIK 0001669400
Captured
SEC response SHA-256
b066028bf8ee758b0a2fa4d979d3fba87887bc7e9da0ca8f4695e7c6e781a103

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001669400.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"])))