Company research
Can B Corp
CIK 1509957Updated Sep 24, 2026
SecuritiesNASC · OTC · equityCANB · OTC · equity
Historical securities (1)
CANBW · NASDAQ · warrant · closed Aug 15, 2022Name history
Canbiola, Inc. · through Mar 3, 2020Wrapmail, Inc. · through May 15, 2017
NASC price & chart
Loading TradingView…
OTC:NASC on TradingView ↗In the news
No coverage from other publishers is available.
Recent filings
Show 5 more recent filings
Financials
FY 2023 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 10,126,164Source | 15,559,791Source | 16,474,640Source | 5,691,453Source |
| Property, Plant and Equipment, NetUSD | 4,106,283Source | 5,432,357Source | 7,052,926Source | 994,979Source |
| GoodwillUSD | — | — | — | 55,849Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 0Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 34,006Source | 73,194Source | 449,001Source | 457,798Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,723,344Source | 6,586,210Source | 3,646,677Source | 2,003,064Source |
| Inventory, NetUSD | 1,619,542Source | 2,024,053Source | 2,553,438Source | 344,954Source |
| Assets, CurrentUSD | 5,381,029Source | 8,704,481Source | 6,653,639Source | 4,017,840Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,138Source | 21,024Source | 1,625Source | — |
| Operating Lease, Right-of-Use AssetUSD | 295,151Source | 1,136,883Source | 2,220,134Source | 58,174Source |
| Other Assets, NoncurrentUSD | 13,139Source | 13,139Source | 13,139Source | 678,634Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,128,132Source | 12,861,866Source | 10,855,125Source | 2,435,604Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 83,263,105Source | 79,614,986Source | 49,676,847Source | 26,111,978Source |
| Additional Paid in CapitalUSD | 10,396,274Source | 8,006,822Source | 5,635,003Source | 872,976Source |
| Retained Earnings (Accumulated Deficit)USD | -102,428,298Source | -92,690,834Source | -77,766,659Source | -30,386,024Source |
| Stockholders' Equity Attributable to ParentUSD | -1,001,968Source | 2,697,925Source | 5,619,515Source | 3,255,849Source |
| Liabilities and EquityUSD | 10,126,164Source | 15,559,791Source | 16,474,640Source | 5,691,453Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 11,128,132Source | 12,423,762Source | 9,463,057Source | 2,225,172Source |
| Operating Lease, Liability, CurrentUSD | 254,391Source | 652,172Source | 808,223Source | 43,506Source |
| Accounts Payable, CurrentUSD | 1,945,243Source | 3,140,408Source | 1,163,284Source | 153,640Source |
| Operating Lease, Liability, NoncurrentUSD | — | 438,104Source | 1,392,068Source | 15,492Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 181,700Source | 2,407,528Source | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -5,716,511Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,451,665Source | 5,064,860Source | 2,395,038Source | 2,259,180Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,029,499Source | 3,690,558Source | 1,705,006Source | 1,022,374Source |
| Increase (Decrease) in InventoriesUSD | -580,011Source | -529,385Source | 2,208,484Source | -931,523Source |
| Increase (Decrease) in Accounts PayableUSD | -954,904Source | 1,988,699Source | 1,663,102Source | -72,827Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,304,495Source | -3,947,424Source | -7,322,732Source | -1,947,091Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -84,631Source | — | -860,793Source | -25,249Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 15,000Source | — | 538,763Source | 50,219Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | — | 560,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,349,938Source | 3,571,617Source | 8,174,728Source | 2,383,598Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -39,188Source | -375,807Source | -8,797Source | 411,258Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 83,147Source | 4,000Source | 206,328Source |
| Income Taxes Paid, NetUSD | — | 1,075Source | 1,075Source | 3,304Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,451,665Source | 2,371,819Source | 2,395,038Source | — |
| Amortization of Debt Issuance CostsUSD | — | — | — | 725,287Source |
| Amortization of Intangible AssetsUSD | 12,000Source | 26,906Source | 48,689Source | 658,910Source |
| DepreciationUSD | 1,387,949Source | 1,408,061Source | 493,656Source | 16,475Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | -40,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -309,000Source | — | — |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | — | — | -374,116Source |
| GoodwillUSD | — | — | — | 55,849Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | 252,462Source | — | — |
| Income Tax Expense (Benefit)USD | 9,596Source | 793Source | 1,075Source | 3,304Source |
| Net Income (Loss) Attributable to ParentUSD | -9,737,464Source | -14,924,175Source | -12,169,395Source | -5,716,511Source |
| Nonoperating Income (Expense)USD | -2,241,426Source | -755,235Source | -1,902,313Source | -1,338,799Source |
| Operating Costs and ExpensesUSD | — | — | 13,258,106Source | — |
| Operating ExpensesUSD | 7,845,140Source | 16,782,522Source | — | 5,806,015Source |
| Other Nonoperating Income (Expense)USD | 68,108Source | — | — | — |
| Payments of Financing CostsUSD | 178,000Source | 77,706Source | — | 518,120Source |
| Proceeds from Issuance of Common StockUSD | — | 500,000Source | 6,555,453Source | 300,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 2,155,744Source | 6,685,519Source | 4,603,829Source | 1,709,669Source |
| Cost of RevenueUSD | 1,797,047Source | 4,071,144Source | 1,611,730Source | 278,062Source |
| Selling, General and Administrative ExpenseUSD | — | 926,696Source | — | — |
| Operating Income (Loss)USD | -7,486,442Source | -14,168,147Source | -10,266,007Source | -4,374,408Source |
| Other Nonoperating Income (Expense)USD | 68,108Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -9,727,868Source | -14,923,382Source | -12,168,320Source | -5,713,207Source |
| Income Tax Expense (Benefit)USD | 9,596Source | 793Source | 1,075Source | 3,304Source |
| Net Income (Loss) Attributable to ParentUSD | -9,737,464Source | -14,924,175Source | -12,169,395Source | -5,716,511Source |
| Earnings Per Share, BasicUSD per share | -0.77Source | -4.18Source | — | -1.62Source |
| Earnings Per Share, DilutedUSD per share | -0.77Source | — | — | -1.36Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,590,147Source | 3,570,087Source | — | 3,534,739Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 12,590,147Source | — | — | 4,201,419Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 12,000Source | 26,906Source | 48,689Source | 658,910Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,387,949Source | 1,408,061Source | 493,656Source | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | -40,000Source |
| Gross ProfitUSD | 358,698Source | 2,614,375Source | 2,992,099Source | 1,431,607Source |
| Interest ExpenseUSD | 2,510,811Source | 902,130Source | 2,102,193Source | 931,615Source |
| Nonoperating Income (Expense)USD | -2,241,426Source | -755,235Source | -1,902,313Source | -1,338,799Source |
| Operating Costs and ExpensesUSD | — | — | 13,258,106Source | — |
| Operating ExpensesUSD | 7,845,140Source | 16,782,522Source | — | 5,806,015Source |
| Other General ExpenseUSD | 3,096,330Source | 3,240,605Source | — | 876,431Source |
| Research and Development ExpenseUSD | — | — | — | 165,000Source |