GLG Life Tech (GLGLF) Financial Statements
Price: $0.0112
Market Cap: $430.01K
Avg Volume: 713
Market Cap: $430.01K
Avg Volume: 713
Country: CA
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of GLG Life Tech.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.32M | $10.92M | $10.88M | $15.29M | $10.15M | $16.58M | $19.39M | $18.95M | $30.37M | $19.98M |
| Cost of Revenue | $6.10M | $7.73M | $7.98M | $11.72M | $8.59M | $14.65M | $18.48M | $19.34M | $28.81M | $22.03M |
| Gross Profit | $4.22M | $3.19M | $2.90M | $3.57M | $1.56M | $1.93M | $905.19K | $-389.47K | $1.56M | $-2.05M |
| Gross Profit Ratio | 40.86% | 29.19% | 26.65% | 23.34% | 15.34% | 11.65% | 4.67% | -2.05% | 5.13% | -10.24% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.67M | $3.20M | $3.50M | $4.36M | $6.96M | $8.00M | $6.86M | $9.58M | $9.98M | $- |
| Selling and Marketing Expenses | $610.19K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.28M | $3.20M | $3.50M | $4.36M | $6.96M | $8.00M | $6.86M | $9.58M | $9.98M | $14.23M |
| Other Expenses | $610.92K | $-139.30K | $-394.02K | $-288.52K | $-932.41K | $-641.32K | $1.29M | $690.15K | $-1.69M | $- |
| Operating Expenses | $3.28M | $3.35M | $4.10M | $5.74M | $8.90M | $9.47M | $8.40M | $11.76M | $12.40M | $15.82M |
| Cost and Expenses | $9.39M | $11.09M | $12.07M | $17.46M | $17.49M | $24.12M | $26.88M | $31.10M | $41.21M | $37.85M |
| Interest Income | $11 | $14.03K | $242 | $129.32K | $1.68K | $23.31K | $19.51K | $14.32K | $34.69K | $27.70K |
| Interest Expense | $11.13M | $32.15M | $21.45M | $16.75M | $17.87M | $13.05M | $10.25M | $11.26M | $10.91M | $7.88M |
| Depreciation and Amortization | $1.17M | $959.42K | $1.43M | $2.09M | $2.89M | $3.33M | $4.36M | $5.49M | $6.33M | $5.71M |
| EBITDA | $2.09M | $1.11M | $-139.33K | $-649.26K | $-5.36M | $-4.82M | $-2.95M | $-7.06M | $-4.48M | $-12.12M |
| EBITDA Ratio | 20.25% | 10.13% | -1.28% | -4.25% | -52.80% | -29.08% | -15.22% | -37.23% | -14.74% | -60.68% |
| Operating Income | $953.89K | $-288.53K | $-1.59M | $-2.33M | $-8.27M | $-8.15M | $-6.19M | $-11.44M | $-10.81M | $-17.84M |
| Operating Income Ratio | 9.24% | -2.64% | -14.63% | -15.22% | -81.47% | -49.17% | -31.90% | -60.38% | -35.60% | -89.26% |
| Total Other Income Expenses Net | $-14.07M | $-8.91M | $-22.67M | $-16.75M | $-17.68M | $-18.64M | $-10.07M | $-11.66M | $-13.18M | $-21.04M |
| Income Before Tax | $-13.11M | $-33.31M | $-23.87M | $28.08M | $-25.02M | $-26.46M | $-17.57M | $-23.81M | $-25.71M | $-32.62M |
| Income Before Tax Ratio | -127.07% | -304.97% | -219.47% | 183.67% | -246.46% | -159.58% | -90.60% | -125.60% | -84.67% | -163.24% |
| Income Tax Expense | $- | $31.75M | $20.89M | $28.02M | $11.21M | $7.53M | $10.81M | $11.95M | $10.91M | $-52.20K |
| Net Income | $-5.63M | $-33.05M | $-23.70M | $16.53M | $-19.29M | $-21.58M | $-16.83M | $-23.81M | $-25.71M | $-32.57M |
| Net Income Ratio | -54.53% | -302.61% | -217.94% | 108.09% | -190.06% | -130.16% | -86.82% | -125.60% | -84.67% | -162.98% |
| EPS | $-0.15 | $-0.86 | $-0.62 | $0.44 | $-0.50 | $-0.57 | $-0.44 | $-0.63 | $-0.68 | $-0.95 |
| EPS Diluted | $-0.20 | $-0.86 | $-0.62 | $0.44 | $-0.50 | $-0.57 | $-0.44 | $-0.63 | $-0.68 | $-0.95 |
| Weighted Average Shares Outstanding | 38.39M | 38.39M | 38.39M | 37.67M | 38.39M | 38.18M | 37.92M | 37.89M | 37.85M | 34.20M |
| Weighted Average Shares Outstanding Diluted | 38.39M | 38.39M | 38.39M | 37.67M | 38.39M | 38.18M | 37.92M | 37.89M | 37.87M | 34.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $386.36K | $244.67K | $239.34K | $555.96K | $205.66K | $1.49M | $657.37K | $1.56M | $2.33M | $954.60K |
| Short Term Investments | $- | $116.53K | $- | $- | $- | $- | $- | $- | $- | $186.90K |
| Cash and Short Term Investments | $386.36K | $361.20K | $239.34K | $555.96K | $205.66K | $1.49M | $657.37K | $1.56M | $2.33M | $1.14M |
| Net Receivables | $3.97M | $2.94M | $2.92M | $2.14M | $2.02M | $3.49M | $1.57M | $2.87M | $4.04M | $2.09M |
| Inventory | $755.82K | $2.23M | $2.87M | $3.64M | $4.95M | $5.25M | $8.54M | $7.84M | $12.57M | $16.65M |
| Other Current Assets | $4.43M | $10.99M | $437.84K | $377.17K | $465.62K | $505.86K | $416.02K | $788.37K | $702.78K | $1.30M |
| Total Current Assets | $9.54M | $6.67M | $6.47M | $6.71M | $7.64M | $10.74M | $11.19M | $13.06M | $19.64M | $21.18M |
| Property Plant Equipment Net | $518.33K | $16.12M | $18.01M | $18.73M | $29.01M | $33.20M | $37.65M | $42.07M | $56.17M | $50.48M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $74.94K | $76.18K | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $3.92K | $75.26K | $- | $- | $- | $- | $- | $- | $210.15K | $242.11K |
| Total Non-Current Assets | $522.25K | $16.27M | $18.09M | $18.73M | $29.01M | $33.20M | $37.65M | $42.07M | $56.38M | $50.72M |
| Other Assets | $- | $- | $- | $- | $- | $-1 | $- | $- | $- | $- |
| Total Assets | $10.07M | $22.95M | $24.55M | $25.44M | $36.65M | $43.94M | $48.84M | $55.13M | $76.03M | $71.90M |
| Account Payables | $3.79M | $3.63M | $4.73M | $4.67M | $7.51M | $7.52M | $4.24M | $4.33M | $5.02M | $17.59M |
| Short Term Debt | $73.88M | $67.04M | $103.25M | $91.24M | $98.63M | $99.17M | $64.21M | $65.64M | $70.01M | $38.76M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $9.26K | $10.29K | $325.82K | $50.85K | $49.28K | $79.25K | $25.47K | $329.90K | $27.98K | $738.80K |
| Other Current Liabilities | $102.03M | $132.14M | $64.04M | $51.69M | $65.91M | $53.20M | $69.37M | $44.49M | $36.67M | $8.71M |
| Total Current Liabilities | $179.71M | $202.82M | $172.29M | $147.64M | $172.09M | $159.97M | $137.85M | $114.79M | $111.72M | $88.53M |
| Long Term Debt | $285.28K | $632.16K | $226.01K | $325.89K | $498.51K | $- | $- | $27.76M | $30.53M | $25.14M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $160.50K | $- | $- | $- | $- | $- | $- | $-300 | $- |
| Total Non-Current Liabilities | $285.28K | $792.66K | $226.01K | $325.89K | $498.51K | $- | $- | $27.76M | $30.53M | $25.14M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $179.99M | $203.61M | $172.52M | $147.97M | $172.59M | $159.97M | $137.85M | $142.55M | $142.25M | $113.68M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $200.54M | $200.54M | $200.54M | $200.47M | $200.11M | $199.51M | $198.48M | $197.85M | $197.12M | $196.27M |
| Retained Earnings | $-421.35M | $-425.63M | $-392.58M | $-368.88M | $-385.40M | $-366.11M | $-344.53M | $-327.69M | $-303.90M | $-275.75M |
| Accumulated Other Comprehensive Income Loss | $17.71M | $11.47M | $10.87M | $12.49M | $11.00M | $7.78M | $9.19M | $13.18M | $11.54M | $11.54M |
| Other Total Stockholders Equity | $34.02M | $44.07M | $34.02M | $34.02M | $67.16M | $67.16M | $55.28M | $29.23M | $29.03M | $28.61M |
| Total Stockholders Equity | $-169.07M | $-179.60M | $-147.15M | $-121.90M | $-107.12M | $-91.66M | $-81.57M | $-87.43M | $-66.22M | $-41.77M |
| Total Equity | $-169.93M | $-180.66M | $-147.96M | $-122.53M | $-135.94M | $-116.03M | $-89.01M | $-87.43M | $-66.22M | $-41.77M |
| Total Liabilities and Stockholders Equity | $10.07M | $22.95M | $24.55M | $25.44M | $36.65M | $43.94M | $48.84M | $55.13M | $76.03M | $71.90M |
| Minority Interest | $-854.91K | $-1.06M | $-815.53K | $-627.82K | $-28.81M | $-24.37M | $-7.44M | $- | $- | $- |
| Total Liabilities and Total Equity | $10.07M | $22.95M | $24.55M | $25.44M | $36.65M | $43.94M | $48.84M | $55.13M | $76.03M | $71.90M |
| Total Investments | $3.92K | $191.48K | $76.18K | $- | $- | $- | $- | $- | $- | $186.90K |
| Total Debt | $74.16M | $111.84M | $99.85M | $91.57M | $99.13M | $65.98M | $64.21M | $65.64M | $72.42M | $63.51M |
| Net Debt | $73.78M | $111.60M | $99.61M | $91.01M | $98.92M | $64.48M | $63.55M | $64.08M | $70.09M | $62.55M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-13.11M | $-33.31M | $-23.87M | $28.08M | $-25.02M | $-26.46M | $-17.57M | $-23.81M | $-25.71M | $12.30M |
| Depreciation and Amortization | $1.17M | $1.40M | $1.45M | $1.68M | $2.91M | $3.33M | $4.36M | $5.49M | $6.33M | $5.71M |
| Deferred Income Tax | $- | $- | $578.73K | $-47.96M | $-807.01K | $- | $-2.06M | $1.52M | $8.45M | $-52.20K |
| Stock Based Compensation | $- | $- | $72.66K | $359.71K | $597.76K | $601.10K | $647.94K | $946.67K | $1.26M | $1.61M |
| Change in Working Capital | $3.89M | $32.33M | $21.91M | $9.41M | $21.46M | $18.53M | $9.35M | $13.01M | $14.01M | $7.54M |
| Accounts Receivables | $-953.29K | $-465.03K | $-520.80K | $-181.93K | $1.36M | $-2.02M | $1.32M | $576.49K | $-1.45M | $-632.71K |
| Inventory | $526.85K | $918.35K | $724.61K | $1.67M | $-602.96K | $3.23M | $-2.02M | $2.67M | $4.49M | $1.87M |
| Accounts Payables | $2.62M | $180.51K | $682.01K | $-12.47M | $3.08M | $4.14M | $220.45K | $2.69M | $10.97M | $- |
| Other Working Capital | $1.70M | $31.70M | $21.02M | $20.39M | $17.61M | $13.18M | $9.83M | $7.07M | $10.97M | $6.30M |
| Other Non Cash Items | $11.93M | $-670.46K | $77.03K | $92.05K | $113.90K | $5.25M | $1.80M | $4.67M | $9.70M | $-19.99M |
| Net Cash Provided by Operating Activities | $3.88M | $-254.70K | $219.69K | $-8.33M | $-745.66K | $1.25M | $-3.46M | $311.87K | $5.59M | $-5.19M |
| Investments in Property Plant and Equipment | $-1.85K | $-12.66K | $-126.89K | $-5.48K | $-144.75K | $-655.24K | $-340.20K | $-595.20K | $-1.44M | $-1.81M |
| Acquisitions Net | $- | $- | $- | $31.53M | $17.34K | $- | $- | $1.42K | $20.33K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-181.04K |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $203.26K | $- |
| Other Investing Activities | $- | $- | $- | $1.57M | $17.34K | $- | $- | $1.42K | $20.33K | $-181.04K |
| Net Cash Used for Investing Activities | $-1.85K | $-12.66K | $-126.89K | $33.09M | $-127.41K | $-655.24K | $-340.20K | $-593.78K | $-1.22M | $-1.99M |
| Debt Repayment | $-609.73K | $-431.69K | $-453.63K | $-18.48M | $-539.79K | $682.98K | $4.04M | $-20.16K | $-463.68K | $5.99M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $11.40K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-605.18K | $-636.86K | $-85.82K | $-6.88M | $50.66K | $-353.47K | $-818.33K | $-5.63K | $-302.40K | $-2.08M |
| Net Cash Used Provided by Financing Activities | $-1.21M | $-615.30K | $-539.45K | $-25.36M | $-489.13K | $329.51K | $3.22M | $-25.79K | $-766.08K | $3.91M |
| Effect of Forex Changes on Cash | $-2.48M | $887.99K | $130.03K | $949.66K | $73.61K | $-92.16K | $-324.15K | $-456.54K | $-2.24M | $-908.77K |
| Net Change in Cash | $182.37K | $5.33K | $-316.62K | $350.30K | $-1.29M | $836.89K | $-905.15K | $-764.24K | $1.37M | $-4.18M |
| Cash at End of Period | $386.36K | $244.67K | $239.34K | $555.96K | $205.66K | $1.49M | $657.37K | $1.56M | $2.33M | $954.60K |
| Cash at Beginning of Period | $203.99K | $239.34K | $555.96K | $205.66K | $1.49M | $657.37K | $1.56M | $2.33M | $954.60K | $5.13M |
| Operating Cash Flow | $3.88M | $-254.70K | $219.69K | $-8.33M | $-745.66K | $1.25M | $-3.46M | $311.87K | $5.59M | $-5.19M |
| Capital Expenditure | $-1.85K | $-12.66K | $-126.89K | $-5.48K | $-144.75K | $-655.24K | $-340.20K | $-595.20K | $-1.44M | $-1.81M |
| Free Cash Flow | $3.88M | $-267.36K | $92.80K | $-8.34M | $-890.41K | $599.54K | $-3.80M | $-283.33K | $4.15M | $-7.00M |