Right On Brands, Inc.
Balance Sheet
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $33.3K | $28.1K | $45.8K | $67.2K | $90.9K | $47.5K | — | — |
| Accounts Receivable | $1.8K | $0 | $0 | $7.2K | $24.2K | $2.9K | — | — |
| Inventory | $116.1K | $114.9K | $73.6K | $15.5K | $214.0K | $14.0K | $26.1K | — |
| Total Current Assets | $154.5K | $152.2K | $122.6K | $124.7K | $329.0K | $1.3M | $167.8K | $3.0K |
| Property, Plant & Equipment | $9.9K | $15.5K | $21.1K | $21.1K | $27.5K | $12.2K | $13.2K | $28.9K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | $0 | $307 | $768 | $870 | $1.0K | — |
| Total Assets | $206.8K | $234.1K | $236.6K | $237.4K | $357.2K | $3.0M | $181.9K | $31.9K |
| Liabilities | ||||||||
| Accounts Payable | $77.4K | $56.7K | $126.8K | $109.2K | $66.7K | $16.7K | $10.2K | $27.6K |
| Total Current Liabilities | $684.8K | $757.6K | $1.6M | $2.4M | $2.1M | $68.2K | $92.0K | $27.6K |
| Long-Term Debt | — | — | $705.3K | $574.9K | — | — | — | — |
| Total Liabilities | $703.9K | $800.1K | $1.6M | $2.4M | $2.1M | $68.2K | $92.0K | $114.6K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-15.8M | $-15.8M | $-15.5M | $-13.7M | $-10.2M | $-4.1M | $-3.3M | $-358.5K |
| Total Stockholders' Equity | $-521.5K | $-590.4K | $-1.4M | $-2.2M | $-1.7M | $3.0M | $90.0K | $-82.8K |