Veritas Farms, Inc. financial data

Symbol
VFRM on OTC
Industry
Agricultural Production-Crops
Location
1815 Griffin Road, Suite 401, Dania Beach, FL
State of incorporation
Nevada
Fiscal year end
December 31
Former names
SanSal Wellness Holdings, Inc. (to 1/29/2019), Armeau Brands Inc. (to 10/12/2017)
Latest financial report
10-Q - Q3 2023 - Nov 15, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 80.8 % -51.5%
Quick Ratio 56.2 % -58.2%
Debt-to-equity -895 % -659%
Return On Equity 679 %
Return On Assets -85.5 % -7.65%
Operating Margin -554 % -34%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 164M shares +294%
Common Stock, Shares, Outstanding 41.6M shares -0.01%
Entity Public Float 1.15M USD -84.9%
Common Stock, Value, Issued 164K USD +294%
Weighted Average Number of Shares Outstanding, Basic 89.5M shares +115%
Weighted Average Number of Shares Outstanding, Diluted 89.5M shares +115%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 884K USD -47.9%
Cost of Revenue 1.49M USD -19%
Operating Income (Loss) -4.9M USD +30.3%
Nonoperating Income (Expense) -295K USD -89.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.75M USD +13.5%
Net Income (Loss) Attributable to Parent -5.75M USD +13.5%
Earnings Per Share, Basic -0.13 USD/shares +13.3%
Earnings Per Share, Diluted -0.13 USD/shares +13.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 28K USD -82.4%
Inventory, Net 2.29M USD -34.7%
Assets, Current 2.91M USD -35.6%
Property, Plant and Equipment, Net 2.7M USD -20.8%
Operating Lease, Right-of-Use Asset 185K USD -44.8%
Intangible Assets, Net (Excluding Goodwill) 55K USD
Goodwill 2.55M USD
Other Assets, Noncurrent 101K USD +71.9%
Assets 8.32M USD -0.35%
Accounts Payable, Current 1.65M USD +30.6%
Accrued Liabilities, Current 514K USD +290%
Contract with Customer, Liability, Current 461K USD
Liabilities, Current 4.47M USD +56.1%
Operating Lease, Liability, Noncurrent 55.8K USD -69.8%
Liabilities 8.11M USD +23.2%
Retained Earnings (Accumulated Deficit) -43.3M USD -16.6%
Stockholders' Equity Attributable to Parent 207K USD -88.2%
Liabilities and Equity 8.32M USD -0.35%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 60.7K USD
Net Cash Provided by (Used in) Financing Activities 248K USD -74.8%
Net Cash Provided by (Used in) Investing Activities -5.07K USD
Common Stock, Shares Authorized 800M shares +300%
Common Stock, Shares, Issued 41.6M shares -0.01%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 58.8K USD -52.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.99K USD +1.24%
Deferred Tax Assets, Valuation Allowance 7.69M USD +18.5%
Deferred Tax Assets, Gross 7.82M USD +17.2%
Operating Lease, Liability 129K USD -14.1%
Depreciation 48.1K USD -57.7%
Payments to Acquire Property, Plant, and Equipment 5.07K USD
Property, Plant and Equipment, Gross 3.97M USD
Operating Lease, Liability, Current 150K USD
Deferred Tax Assets, Operating Loss Carryforwards 7.8M USD +17.7%
Preferred Stock, Shares Authorized 20M shares +300%
Additional Paid in Capital 43.3M USD
Depreciation, Depletion and Amortization 389K USD -20.5%
Deferred Tax Assets, Net of Valuation Allowance 137K USD -27.9%
Interest Expense 36.2K USD +242%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%