CLS Holdings USA, Inc. Financial Statements — CLSH.CN Stock

Income Statement	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	- -	- -	- -	- -	- -	- -	8	12	19	23	23	20
+ Sales & Services Revenue	- -	- -	- -	- -	- -	- -	8	12	19	23	23	20
- Cost of Revenue	- -	- -	- -	- -	- -	- -	5	6	10	12	13	11
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	5	6	10	12	13	11
Gross Profit	- -	- -	- -	- -	- -	- -	4	6	10	10	11	9
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	2	2	2	3	26	9	11	11	12	10
+ Selling, General & Admin	- -	- -	2	2	2	3	26	9	11	11	12	11
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1
Operating Income (Loss)	- -	- -	-2	-2	-2	-3	-23	-3	-1	-1	-1	-1
- Non-Operating (Income) Loss	- -	- -	- -	- -	3	6	5	28	12	- -	11	1
+ Interest Expense, Net	- -	- -	- -	- -	3	5	4	3	4	2	3	2
+ Interest Expense	- -	- -	- -	- -	3	5	4	3	4	2	3	2
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	1	2	- -	25	9	-3	9	-1
Pretax Income	- -	- -	-2	-3	-5	-10	-28	-31	-13	- -	-13	-2
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	- -	-2	-3	-5	-10	-28	-31	-16	-2	-15	-4
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -
Income (Loss) Incl. MI	- -	- -	-2	-3	-5	-10	-28	-31	-16	-2	-13	-4
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -
Net Income, GAAP	- -	- -	-2	-3	-5	-10	-28	-31	-16	-2	-14	-4
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	- -	-2	-3	-5	-10	-28	-31	-16	-2	-14	-4
Basic Weighted Avg Shares	3	3	2	5	5	10	26	32	32	32	61	99
Basic EPS, GAAP	- -	-0.01	-0.95	-0.52	-0.94	-0.98	-1.07	-0.97	-0.5	-0.07	-0.23	-0.05
Basic EPS from Cont Ops	- -	-0.01	-0.95	-0.52	-0.94	-0.98	-1.07	-0.97	-0.5	-0.08	-0.24	-0.05
Diluted Weighted Avg Shares	3	3	2	5	5	10	26	32	32	32	61	99
Diluted EPS, GAAP	- -	-0.01	-0.95	-0.52	-0.94	-0.98	-1.07	-0.97	-0.5	-0.07	-0.23	-0.05
Diluted EPS from Cont Ops	- -	-0.01	-0.95	-0.52	-0.94	-0.98	-1.07	-0.97	-0.5	-0.08	-0.24	-0.05
EBITDA	- -	- -	-2	-2	-2	-3	-23	-2	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	-266.71	-19.88	-2.43	-0.55	-1.52	-1.15
EBITA	- -	- -	-2	-2	-2	-3	-23	-3	-1	-1	-1	-1
EBIT	- -	- -	-2	-2	-2	-3	-23	-3	-1	-1	-1	-1
Gross Margin (%)	- -	- -	- -	- -	- -	- -	42.83	50	50.01	46.29	45.71	42.68
Operating Margin (%)	- -	- -	- -	- -	- -	- -	-270.12	-23.65	-5.98	-3.87	-5.63	-5.31
Profit Margin (%)	- -	- -	- -	- -	- -	- -	-326.5	-257.25	-82.37	-10.34	-59.65	-22.48
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1

Balance Sheet	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	13	8	4	7	5	3
+ Cash, Cash Equivalents & STI	- -	- -	- -	- -	- -	- -	11	3	2	3	1	1
+ Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	11	3	2	3	1	1
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	1	4	1	1	- -	1
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	1
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	1	4	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	1	1	1	3	3	2
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	1	3	3	2
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	2	34	7	8	9	5	5
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	2	5	6	6	5	4
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	2	6	7	9	7	7
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	1	1	1	2	3	3
+ LT Investments & Receivables	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	32	2	2	2	1	1
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	27	2	2	2	1	1
+ Goodwill	- -	- -	- -	- -	- -	- -	26	1	1	1	1	1
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	2	1	1	1	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	5	- -	- -	- -	- -	- -
Total Assets	- -	- -	- -	- -	- -	2	47	15	12	16	10	8
+ Payables & Accruals	- -	- -	- -	1	1	1	2	1	4	7	10	12
+ Accounts Payable	- -	- -	- -	- -	- -	1	1	1	1	1	2	3
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	2	5	7	9
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	1	1	1	1	2	1
+ ST Debt	- -	- -	1	- -	1	- -	4	- -	1	21	6	2
+ ST Borrowings	- -	- -	1	- -	1	- -	4	- -	- -	20	6	1
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Other ST Liabilities	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	1	1	2	3	7	2	5	28	16	14
+ LT Debt	- -	- -	- -	- -	- -	- -	15	19	22	5	8	7
+ LT Borrowings	- -	- -	- -	- -	- -	- -	15	18	20	3	6	5
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	1	2	2	2	1
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	15	19	22	5	8	7
Total Liabilities	- -	- -	1	2	2	3	21	21	27	33	24	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	1	3	7	18	71	71	78	78	96	102
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	1	3	7	18	71	71	78	78	96	102
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-2	-4	-9	-19	-46	-77	-93	-95	-109	-113
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	- -	-1	-1	-2	-1	25	-5	-15	-17	-13	-12
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1
Total Equity	- -	- -	-1	-1	-2	-1	25	-5	-15	-17	-14	-13
Total Liabilities & Equity	- -	- -	- -	- -	- -	2	47	15	12	16	10	8
Shares Outstanding	3	3	5	5	8	13	31	32	32	32	73	125
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	1	2	3	2	2
Net Debt	- -	- -	- -	- -	1	- -	8	15	18	21	11	6
Net Debt to Equity	-7.93	-17.09	-67.42	-24.72	-56.47	-66.82	31.74	-272.8	-121.85	-120.14	-76.46	-46.6
Tangible Common Equity Ratio	- -	- -	-203.23	-565.19	-1,445.42	-29.87	-11.6	-55.5	-174.24	-134.22	-156.58	-183.18
Current Ratio	- -	- -	0.27	0.07	0.04	0.02	1.83	4.22	0.77	0.24	0.28	0.23
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	-8.71	10.74	17.97	52.37	53.56	14.13
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	- -	- -	-2	-3	-5	-10	-28	-31	-16	-2	-15	-4
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
+ Non-Cash Items	- -	- -	1	1	3	8	18	27	11	-2	9	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	25	3	- -	3	- -
+ Other Non-Cash Adj	- -	- -	- -	1	3	7	18	2	8	-2	7	- -
+ Chg in Non-Cash Work Cap	- -	- -	- -	1	1	1	-1	- -	2	1	4	4
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	-1	-2	- -	1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	1	- -	- -	- -	1	1	1	1	1
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	-1	2	2	2	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	- -	-1	-1	-1	-1	-10	-3	-3	-3	- -	1
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	-1	-2	- -	-1	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	-1	-2	- -	-1	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	-2	-6	- -	- -	-1	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	-2	-6	- -	- -	-1	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	-5	2	2	3	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	-1	- -	- -	-2	-12	- -	1	1	- -	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	1	1	1	2	16	-4	- -	3	-1	-1
+ Cash From Debt	- -	- -	1	1	2	3	18	- -	- -	5	2	5
+ Repayments of Debt	- -	- -	- -	- -	- -	-1	-2	-4	- -	-2	-3	-6
+ Cash (Repurchase) of Equity	- -	- -	1	- -	- -	1	16	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	1	- -	- -	1	16	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	- -	2	1	1	3	33	-4	- -	3	-1	-1
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	- -	- -	- -	- -	10	-8	-1	1	-2	- -
Capital Expenditures	- -	- -	- -	- -	- -	- -	-1	-2	- -	-1	- -	- -
EBITDA	- -	- -	-2	-2	-2	-3	-23	-2	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	-266.71	-19.88	-2.43	-0.55	-1.52	-1.15
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	2	6	- -	- -	1	- -	- -
Free Cash Flow	- -	- -	-1	-1	-1	-1	-11	-5	-3	-4	- -	1
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	- -	- -	- -	1	5	-9	-3	-1	-2	- -
Free Cash Flow per Basic Share	- -	-0.01	-0.5	-0.25	-0.23	-0.15	-0.44	-0.16	-0.09	-0.13	-0.01	0.01
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	-3.45	-6.03	-9.03	-5.18	-37.42	4.93
Cash Flow to Net Income	0.12	0.53	0.52	0.44	0.24	0.15	0.37	0.1	0.16	1.35	0.02	-0.18

CLS Holdings USA, Inc.

Income Statement

Balance Sheet

Cash Flow Statement