Kush Bottles, Inc. - Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
May 31, 2017 |
May 31, 2016 |
May 31, 2017 |
May 31, 2016 |
|
| Income Statement | ||||
| REVENUE | $ 4,719,477 | $ 2,322,638 | $ 10,161,813 | $ 5,841,168 |
| COST OF GOODS SOLD | 3,156,290 | 1,588,302 | 6,706,272 | 3,941,189 |
| GROSS PROFIT | 1,563,187 | 734,336 | 3,455,541 | 1,899,979 |
| OPERATING EXPENSES | ||||
| Depreciation | 28,816 | 6,542 | 48,294 | 18,489 |
| Stock compensation expense | 259,417 | 42,723 | 522,226 | 60,100 |
| Selling, general and administrative | 1,266,215 | 656,642 | 3,008,134 | 1,763,948 |
| Total Operating Expenses | 1,554,448 | 705,907 | 3,578,654 | 1,842,537 |
| INCOME (LOSS) FROM OPERATIONS | 8,739 | 28,429 | (123,113) | 57,442 |
| OTHER INCOME (EXPENSES) | ||||
| Other expense | (23,944) | |||
| Interest expense | (2,620) | (5,145) | (4,488) | (17,461) |
| Total Other Income (Expense) | (2,620) | (5,145) | (28,432) | (17,461) |
| INCOME (LOSS) BEFORE INCOME TAXES | 6,119 | 23,284 | (151,545) | 39,981 |
| PROVISION FOR INCOME TAXES | ||||
| NET INCOME (LOSS) | $ 6,119 | $ 23,284 | $ (151,545) | $ 39,981 |
| BASIC INCOME (LOSS) PER SHARE | $ 0.00 | $ 0.00 | $ (0.00) | $ 0.00 |
| DILUTED INCOME (LOSS) PER SHARE | $ 0.00 | $ 0.00 | $ (0.00) | $ 0.00 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC | 51,805,930 | 46,525,540 | 50,458,416 | 46,667,750 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- DILUTED | 53,334,232 | 47,578,327 | 50,458,416 | 47,720,537 |