Actual factual balance sheetI don't know why Boddington refuses to refer to the source documents, and tries to cast doubt with inadequate (to be kind) secondary sources. Here's the actual balance sheet at 6/30/21 filed with the regulators via SEDAR.com. They've since bought $8 million of assets in buying Homegrown at 9/15/21, funded with $8 million of debt.
What numbers do you use to calculate a debt / equity ratio of 73:1??? Please show YOUR analysis, don't just quote the mistakes of others.
CHALICE BRANDS LTD.
Interim Condensed Consolidated Statements of Financial Position (Unaudited)
As at June 30, 2021 and December 31, 2020
(Expressed in U.S. dollars)
June 30, 2021 December 31, 2020
CURRENT
Cash Cash $ 1,828,406 $ 905,149
Accounts receivable Note 5 AR 236,424 108,308
Other receivables Note 5 es 829,307 737,185
Notes receivable 919,488 919,488
Sales tax recoverable HST 78,948 89,033
Biological assets Note 6 ets 501,737 455,045
Inventory Note 6 ory 4,549,053 2,304,501
Prepaid expenses and deposits Prepaid 245,367 376,080
Total current assets 9,188,730 5,894,789
Property, plant and equipment Note 7 PPE 2,533,751 2,361,357
Other receivables Note 5 842,440 836,235
Right-of-use assets, net Note 8 5,567,355 4,132,035
Intangible assets, net Note 9 ble 13,801,001 10,737,423
Goodw ill Noottee 39 w ill 13,398,793 4,056,172
Total assets $ 45,332,070 $ 28,018,011
LIABILITIES
CURRENT
Accounts payable and accrued liabilities Accrued $ 4,170,011 $ 3,432,525
Income taxes payable ax payables 1,435,409 1,003,604
Deferred income tax payable 520,789 55,039
Sales tax payable 358,882 217,789
Current portion of long-term debt Note 12 TD 12,450 22,171
Notes payable - current portion Note 12 214,677 119,533
Convertible debentures carried at fair value Note 10 - 5,575,273
Consideration payable - cash portion Note 12 72,712 -
Lease liability Note 11 1,078,199 949,496
Total current liabilities 7,863,129 11,375,430
Notes payable Note 12 1,829,906 -
Long-term debt Note 12 TD 50,764 134,675
Long-term lease liability Note 11 5,582,873 4,372,395
Warrant liability Note 13 4,005,041 -
Derivative liability Note 10 448,883 -
Convertible debentures carried at amortized cost Note 10 FV 2,740,345 -
Consideration payable - cash portion Note 12 2,239,056 1,824,533
Consideration payable - equity portion Note 12 ent 4,527,350 4,838,780
Total liabilities 29,287,347 22,545,813
EQUITY
Share capital Note 14 ital 164,336,386 149,754,502
Warrant reserve Not e 15 ve 204,484 1,079
Share option reserve Not e 16 ve 3,874,825 4,070,474
Contributed surplus uted surplus 2,329,997 2,329,997
Deficit Deficit ( 155,097,230) (150,683,854)
Equity attributable to shareholder of the Company 15,648,462 5,472,198
Equity attributable to noncontrolling interests 396,261 -
Total equity $ 45,332,070 $ 28,018,011