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Veritas Farms, Inc.: 10-Q filed 2018-08-20

What Veritas Farms, Inc. reported in its quarterly report filed 2018-08-20 (fiscal Q2 2018): 36 published measures, 90 facts as tagged in accession 0001615774-18-008329.

This filing

Form
10-Q (quarterly report)
Filed
2018-08-20
Fiscal period
fiscal Q2 2018
Accession
0001615774-18-008329 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 2018-06-305,370,877USD
At 2017-12-315,210,740USD

Total liabilities

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

PeriodValueUnitDays
At 2018-06-302,122,948USD
At 2017-12-312,102,453USD

Stockholders equity

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

PeriodValueUnitDays
At 2018-06-303,247,929USD
At 2017-12-313,108,287USD

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 2018-06-309,280USD
At 2017-12-3127,803USD
At 2017-06-305,508USD
At 2016-12-3195,591USD

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
2018-04-01 to 2018-06-30-328,134USD91
2018-01-01 to 2018-06-30-681,429USD181
2017-04-01 to 2017-06-30-314,766USD91
2017-01-01 to 2017-06-30-726,528USD181

Operating cash flow

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

PeriodValueUnitDays
2018-01-01 to 2018-06-30-729,775USD181
2017-01-01 to 2017-06-30-1,097,699USD181

Capital expenditure payments

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

PeriodValueUnitDays
2017-01-01 to 2017-06-30394,642USD181

Revenue

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

PeriodValueUnitDays
2018-04-01 to 2018-06-30487,169USD91
2018-01-01 to 2018-06-30818,585USD181
2017-04-01 to 2017-06-30235,855USD91
2017-01-01 to 2017-06-30500,305USD181

Financing cash flow

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

PeriodValueUnitDays
2018-01-01 to 2018-06-30711,252USD181
2017-01-01 to 2017-06-301,402,258USD181

Investing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-06-30-394,642USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2018-06-30-4,772,446USD
At 2017-12-31-4,091,017USD

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 2018-06-303,482,456USD
At 2017-12-313,609,184USD

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
2018-01-01 to 2018-06-30121,578USD181

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
2018-04-01 to 2018-06-30-323,821USD91
2018-01-01 to 2018-06-30-691,353USD181
2017-04-01 to 2017-06-30-255,487USD91
2017-01-01 to 2017-06-30-495,641USD181

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 2018-06-301,840,387USD
At 2017-12-311,578,556USD

Current liabilities

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

PeriodValueUnitDays
At 2018-06-302,024,128USD
At 2017-12-312,002,487USD

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 2018-06-30188,197USD
At 2017-12-31245,082USD

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 2018-06-30180,834USD
At 2017-12-3179,901USD

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
2018-04-01 to 2018-06-30493,295USD91
2018-01-01 to 2018-06-30994,240USD181
2017-04-01 to 2017-06-30193,235USD91
2017-01-01 to 2017-06-30566,649USD181

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 2018-06-301,631,627USD
At 2017-12-311,428,758USD

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
2018-04-01 to 2018-06-30169,474USD91
2018-01-01 to 2018-06-30302,887USD181
2017-04-01 to 2017-06-30-62,252USD91
2017-01-01 to 2017-06-3071,008USD181

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
2018-04-01 to 2018-06-30317,695USD91
2018-01-01 to 2018-06-30515,698USD181
2017-04-01 to 2017-06-30298,107USD91
2017-01-01 to 2017-06-30429,297USD181

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 2018-06-3076,200,096shares
At 2017-12-3159,895,000shares

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 2018-06-30643,672USD
At 2017-12-31651,157USD

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 2018-06-303,915,222USD
At 2017-12-313,915,222USD

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 2018-06-30432,766USD
At 2017-12-31306,038USD

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 2018-06-30221,727USD
At 2017-12-31159,904USD

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
2018-04-01 to 2018-06-30-328,134USD91
2018-01-01 to 2018-06-30-681,429USD181
2017-04-01 to 2017-06-30-314,766USD91
2017-01-01 to 2017-06-30-726,528USD181

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
2018-04-01 to 2018-06-30493,295USD91
2018-01-01 to 2018-06-30994,240USD181
2017-04-01 to 2017-06-30193,235USD91
2017-01-01 to 2017-06-30566,649USD181

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
2018-01-01 to 2018-06-30126,728USD181
2017-01-01 to 2017-06-3099,222USD181

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
2018-04-01 to 2018-06-3063,436USD91
2018-01-01 to 2018-06-30126,728USD181
2017-04-01 to 2017-06-3049,611USD91
2017-01-01 to 2017-06-3099,222USD181

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
2018-04-01 to 2018-06-30-4,313USD91
2018-01-01 to 2018-06-309,924USD181
2017-04-01 to 2017-06-30-59,279USD91
2017-01-01 to 2017-06-30-230,887USD181

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
2018-01-01 to 2018-06-30699,493USD181
2017-01-01 to 2017-06-30533,767USD181

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
2018-01-01 to 2018-06-30-100,933USD181

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
2018-01-01 to 2018-06-30202,869USD181
2017-01-01 to 2017-06-30601,899USD181

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
2018-01-01 to 2018-06-30-56,885USD181
2017-01-01 to 2017-06-30-2,441USD181

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.

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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"])))