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For the nine months ended 30 September 2020, Vitalibis Inc revenues decreased 26% to $173K. Net loss decreased 62% to $1.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling/General/Admin. Expense decrease of 91% to $326K (expense), Professional fees decrease of 44% to $94K (expense).
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Revenue | 0.07 | 0.05 | 0.05 | 0.07 |
Gross Profit | 0.03 | 0.02 | 0.03 | 0.04 |
Operating Income | -0.08 | -0.22 | -0.2 | -2.31 |
Net Income | -0.01 | -0.87 | -0.93 | -2.15 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Assets | 0.41 | 0.44 | 0.46 | 0.51 |
Total Liabilities | 1.9 | 2.14 | 2.25 | 1.71 |
Total Equity | -1.49 | -1.69 | -1.78 | -1.2 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.19 | -0.18 | -0.12 | -1.09 |
Cash From Investing Activities | 0 | |||
Cash From Financing Activities | 0.12 | 0.13 | 0.06 | 0.98 |
Net Change in Cash | -0.06 | -0.05 | -0.05 | -0.11 |
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