POLISHED.COM INC.: 10-Q filed 2020-08-20

Name: POLISHED.COM INC.: 10-Q filed 2020-08-20
Creator: POLISHED.COM INC.

What POLISHED.COM INC. reported in its quarterly report filed 2020-08-20 (fiscal Q2 2020): 20 published measures, 41 facts as tagged in accession 0001213900-20-023132.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-08-20
Fiscal period: fiscal Q2 2020
Accession: 0001213900-20-023132 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 POLISHED.COM 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 2020-06-30	20,224,795	USD
At 2019-12-31	14,278,926	USD

Total liabilities

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

Period	Value	Unit	Days
At 2020-06-30	25,343,486	USD
At 2019-12-31	15,074,880	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	Days
At 2020-06-30	3,555,946	USD
At 2019-12-31	64,470	USD

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 2020-06-30	-7,370,098	USD
At 2019-12-31	-2,068,150	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 2020-06-30	170,741	USD
At 2019-12-31	185,606	USD

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 2020-06-30	9,579,096	USD
At 2019-12-31	4,494,402	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 2020-06-30	21,363,400	USD
At 2019-12-31	11,215,028	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2020-06-30	5,097,752	USD
At 2019-12-31	4,976,016	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2020-06-30	1,717,078	USD
At 2019-12-31	1,878,844	USD

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 2020-06-30	1,724,725	USD
At 2019-12-31	1,380,090	USD

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 2020-06-30	4,750,000	shares
At 2019-12-31	4,750,000	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 2020-06-30	2,250,932	USD
At 2019-12-31	1,271,721	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2020-06-30	-5,118,691	USD
At 2019-12-31	-795,954	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 2020-06-30	1,792,872	USD
At 2019-12-31	2,000,755	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 2020-06-30	1,792,872	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 2020-06-30	225,485	USD
At 2019-12-31	218,486	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 2020-06-30	54,744	USD
At 2019-12-31	32,880	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 2020-06-30	45,000	USD
At 2019-12-31	45,000	USD

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
2020-01-01 to 2020-06-30	21,864	USD	182
2019-04-06 to 2019-06-30	11,533	USD	86
2019-01-01 to 2019-04-05	9,675	USD	95

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	161,766	USD	182
2019-04-06 to 2019-06-30	76,390	USD	86
2019-01-01 to 2019-04-05	0	USD	95

Inspect the source

Entity: POLISHED.COM INC. / CIK 0001810140
Captured: 2026-09-22 19:56 UTC
SEC response SHA-256: 378924e94d70b6825d29dc9accb86b822364df5e66ebfb4b7d0e9e9b06b1b8e3

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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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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001810140.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"])))