Company research
Gala Pharmaceutical Inc.
CIK 1513403Updated Sep 26, 2026
Securities
Historical securities (1)
GLPH · NASDAQ · equity · closed Sep 3, 2021Name history
Gala Pharmaceuticals Inc. · through Jul 20, 2018Gala Global Inc. · through Jan 5, 2018
GLPH price & chart
Historical security
This listing closed Sep 3, 2021. Live provider charts are shown only for current listings.
In the news
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Recent filings
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Financials
FY 2018 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 262,158Source | 107,976Source | 13,082Source | 7,422Source |
| Property, Plant and Equipment, NetUSD | 35,160Source | 46,060Source | 0Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 116,198Source | 7,767Source | 10,841Source | 1,804Source |
| Inventory, NetUSD | 0Source | 2,241Source | 2,241Source | 2,701Source |
| Assets, CurrentUSD | 226,998Source | 61,916Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,120,864Source | 1,013,796Source | 461,190Source | 471,411Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 500Source | 500Source | 500Source | — |
| Common Stock, Value, IssuedUSD | 92,012Source | 35,702Source | 1,369Source | 130,047Source |
| Additional Paid in CapitalUSD | 4,290,722Source | 2,417,400Source | 786,736Source | 472,501Source |
| Retained Earnings (Accumulated Deficit)USD | -5,077,446Source | -3,218,569Source | -1,236,713Source | -1,066,537Source |
| Stockholders' Equity Attributable to ParentUSD | -811,233Source | -905,820Source | -448,108Source | -463,989Source |
| Liabilities and EquityUSD | 262,158Source | 107,976Source | 13,082Source | 7,422Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -47,473Source | — | — | — |
| Additional Financial Items | ||||
| Deferred Compensation EquityUSD | 117,021Source | 165,853Source | — | — |
cash flow · annual statements
| Line item | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,906,350Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 0Source | 17,500Source | 188,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | — | 0Source | -460Source | 2,701Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -631,890Source | -323,695Source | -70,503Source | -126,679Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 0Source | -124,746Source | 0Source | -182Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | 104,746Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 740,321Source | 445,367Source | 79,540Source | 128,665Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 0Source | — | — |
| Income Taxes Paid, NetUSD | 0Source | 0Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 26,354Source | 119,817Source |
| Amortization of Debt Issuance CostsUSD | 0Source | 30,000Source | — | — |
| DepreciationUSD | 10,900Source | 5,389Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | -257,861Source | -277,578Source | — | — |
| Financing Interest ExpenseUSD | 0Source | 73,629Source | — | — |
| Gain (Loss) on Disposition of BusinessUSD | 71,800Source | — | — | — |
| Gain (Loss) on Sale of Financing ReceivableUSD | 0Source | -20,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 152,626Source | -93,050Source | — | — |
| General and Administrative ExpenseUSD | 264,821Source | 89,740Source | 50,028Source | 57,384Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | 63,750Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Inventory Write-downUSD | 2,241Source | — | — | — |
| Marketable Securities, Unrealized Gain (Loss)USD | -30,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,858,877Source | -1,981,856Source | -170,176Source | -679,466Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -47,473Source | — | — | — |
| Nonoperating Income (Expense)USD | -189,394Source | -1,183,572Source | -1,744Source | -64,186Source |
| Operating ExpensesUSD | 1,718,415Source | 798,284Source | 168,432Source | 616,074Source |
| Operating Lease, ExpenseUSD | 81,799Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 520,000Source | 170,000Source | — | — |
income statement · annual statements
| Line item | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Total RevenueUSD | 4,675Source | — | 0Source | 1,592Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -47,473Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,858,877Source | -1,981,856Source | -170,176Source | -679,466Source |
| Additional Financial Items | ||||
| Financing Interest ExpenseUSD | 0Source | 73,629Source | — | — |
| General and Administrative ExpenseUSD | 264,821Source | 89,740Source | 50,028Source | 57,384Source |
| Gross ProfitUSD | 1,459Source | — | 0Source | 794Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -1,716,956Source | -798,284Source | -168,432Source | -615,280Source |
| Interest ExpenseUSD | 74,459Source | 393,107Source | 1,744Source | 436Source |
| Nonoperating Income (Expense)USD | -189,394Source | -1,183,572Source | -1,744Source | -64,186Source |
| Operating ExpensesUSD | 1,718,415Source | 798,284Source | 168,432Source | 616,074Source |
| Operating Lease, ExpenseUSD | 81,799Source | — | — | — |
| Other Cost and Expense, OperatingUSD | — | — | 0Source | 48,500Source |