Veritas Farms, Inc.: 10-Q filed 2018-05-22

Name: Veritas Farms, Inc.: 10-Q filed 2018-05-22
Creator: Veritas Farms, Inc.

What Veritas Farms, Inc. reported in its quarterly report filed 2018-05-22 (fiscal Q1 2018): 37 published measures, 70 facts as tagged in accession 0001615774-18-004213.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-05-22
Fiscal period: fiscal Q1 2018
Accession: 0001615774-18-004213 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 2018-03-31	5,170,412	USD
At 2017-12-31	5,210,740	USD

Total liabilities

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

Period	Value	Unit	Days
At 2018-03-31	2,262,306	USD
At 2017-12-31	2,102,453	USD

Stockholders equity

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

Period	Value	Unit	Days
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 2017-12-31	27,803	USD
At 2017-03-31	541,439	USD
At 2016-12-31	95,591	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
2018-01-01 to 2018-03-31	-353,295	USD	90
2017-01-01 to 2017-03-31	-411,762	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
2018-01-01 to 2018-03-31	-135,934	USD	90
2017-01-01 to 2017-03-31	-493,217	USD	90

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
2017-01-01 to 2017-03-31	192,863	USD	90

Revenue

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

Period	Value	Unit	Days
2018-01-01 to 2018-03-31	331,416	USD	90
2017-01-01 to 2017-03-31	264,450	USD	90

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
2018-01-01 to 2018-03-31	108,131	USD	90
2017-01-01 to 2017-03-31	1,131,929	USD	90

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
2017-01-01 to 2017-03-31	-192,863	USD	90

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 2018-03-31	-4,444,312	USD
At 2017-12-31	-4,091,017	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 2018-03-31	3,545,922	USD
At 2017-12-31	3,609,184	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
2018-01-01 to 2018-03-31	71,014	USD	90

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
2018-01-01 to 2018-03-31	-367,532	USD	90
2017-01-01 to 2017-03-31	-240,154	USD	90

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 2018-03-31	1,601,490	USD
At 2017-12-31	1,578,556	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 2018-03-31	2,162,405	USD
At 2017-12-31	2,002,487	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 2018-03-31	312,422	USD
At 2017-12-31	245,082	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 2018-03-31	85,886	USD
At 2017-12-31	79,901	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
2018-01-01 to 2018-03-31	500,945	USD	90
2017-01-01 to 2017-03-31	373,414	USD	90

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 2018-03-31	1,485,234	USD
At 2017-12-31	1,428,758	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
2018-01-01 to 2018-03-31	133,413	USD	90
2017-01-01 to 2017-03-31	133,260	USD	90

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
2018-01-01 to 2018-03-31	198,003	USD	90
2017-01-01 to 2017-03-31	131,190	USD	90

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 2018-03-31	60,169,000	shares
At 2017-12-31	59,895,000	shares

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 2018-03-31	647,979	USD
At 2017-12-31	651,157	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 2018-03-31	3,915,222	USD
At 2017-12-31	3,915,222	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 2018-03-31	369,300	USD
At 2017-12-31	306,038	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 2018-03-31	220,000	USD
At 2017-12-31	159,904	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
2018-01-01 to 2018-03-31	-353,295	USD	90
2017-01-01 to 2017-03-31	-411,762	USD	90

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.

Period	Value	Unit	Days
2018-01-01 to 2018-03-31	-353,295	USD	90
2017-01-01 to 2017-03-31	-411,762	USD	90

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
2018-01-01 to 2018-03-31	500,945	USD	90
2017-01-01 to 2017-03-31	373,414	USD	90

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
2018-01-01 to 2018-03-31	63,262	USD	90
2017-01-01 to 2017-03-31	49,611	USD	90

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
2018-01-01 to 2018-03-31	63,292	USD	90
2017-01-01 to 2017-03-31	58,180	USD	90

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
2018-01-01 to 2018-03-31	14,237	USD	90
2017-01-01 to 2017-03-31	-171,608	USD	90

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
2018-01-01 to 2018-03-31	82,100	USD	90

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
2018-01-01 to 2018-03-31	-5,985	USD	90

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
2018-01-01 to 2018-03-31	56,476	USD	90
2017-01-01 to 2017-03-31	264,844	USD	90

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
2018-01-01 to 2018-03-31	67,340	USD	90
2017-01-01 to 2017-03-31	-1,530	USD	90

Inspect the source

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

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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"])))