Company research
PANACEA LIFE SCIENCES HOLDINGS, INC.
CIK 1552189Updated Sep 27, 2026
SecurityPLSH · OTC · equity
Historical securities (1)
EXDI · NYSE_AMERICAN · equity · closed Oct 27, 2021Name history
Exactus, Inc. · through Oct 26, 2021Spiral Energy Tech., Inc. · through Mar 4, 2016Solid Solar Energy, Inc. · through Aug 7, 2013
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Recent filings
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 17,983,462Source | 19,489,449Source | 23,783,651Source | 71,268Source |
| Property, Plant and Equipment, NetUSD | 6,448,068Source | 7,675,995Source | 8,839,982Source | 20,159Source |
| GoodwillUSD | 3,014,450Source | 2,188,810Source | 2,188,810Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,014,450Source | — | 61,401Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 100,922Source | 6,951Source | 19,774Source | 25,139Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 263,970Source | 206,127Source | 244,496Source | 0Source |
| Inventory, NetUSD | 4,013,525Source | 4,448,725Source | 4,264,277Source | 10,712Source |
| Assets, CurrentUSD | 4,656,353Source | 6,382,263Source | 9,098,358Source | 51,109Source |
| Prepaid Expense and Other Assets, CurrentUSD | 263,003Source | 113,098Source | 278,328Source | 15,258Source |
| Operating Lease, Right-of-Use AssetUSD | 3,864,591Source | 3,242,381Source | 3,595,100Source | 0Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 26,274,916Source | 21,633,993Source | 16,681,249Source | 5,109,984Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | 1,765Source | 1,497Source | 1,407Source | 5,636Source |
| Additional Paid in CapitalUSD | 25,628,442Source | 23,760,704Source | 23,865,155Source | 27,485,796Source |
| Retained Earnings (Accumulated Deficit)USD | -33,922,898Source | -25,907,597Source | -16,765,013Source | -30,384,380Source |
| Stockholders' Equity Attributable to ParentUSD | -8,291,454Source | -2,144,544Source | 7,102,402Source | -3,258,291Source |
| Liabilities and EquityUSD | 17,983,462Source | 19,489,449Source | 23,783,651Source | 71,268Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 19,448,031Source | 15,073,921Source | 10,070,886Source | 4,904,818Source |
| Operating Lease, Liability, CurrentUSD | 2,913,781Source | 2,090,271Source | 1,624,090Source | 269,115Source |
| Accounts Payable, CurrentUSD | — | — | — | 2,027,507Source |
| Operating Lease, Liability, NoncurrentUSD | 3,254,021Source | 2,987,208Source | 3,347,335Source | 0Source |
| Other Liabilities, NoncurrentUSD | 3,572,864Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | — | -2,018,239Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 620,391Source |
| Long-term DebtUSD | — | — | — | 335,510Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 696,286Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 1,352,045Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -431,317Source | -38,369Source | 97,194Source | 94,182Source |
| Increase (Decrease) in InventoriesUSD | -297,391Source | 184,448Source | 547,910Source | -648,227Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | 614,004Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,524,463Source | -2,399,579Source | -3,922,090Source | -699,686Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -65,322Source | -196,972Source | 522,533Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 65,322Source | 243,804Source | 162,946Source | 0Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,683,756Source | 2,583,728Source | 3,334,953Source | 706,420Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 93,971Source | -12,823Source | -64,605Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 46,025Source |
| Income Taxes Paid, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | 836,316Source |
| Amortization of Intangible AssetsUSD | — | 61,401Source | 61,400Source | 734,584Source |
| DepreciationUSD | 1,712,969Source | 1,669,690Source | 1,675,786Source | 85,233Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | 513,674Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | -297,351Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 748Source | 681,546Source | 755,782Source | 126,222Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | -538,583Source | — | -297,351Source | — |
| General and Administrative ExpenseUSD | 1,456,412Source | 1,093,364Source | 1,518,687Source | 2,679,337Source |
| GoodwillUSD | 3,014,450Source | 2,188,810Source | 2,188,810Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -9,460,699Source |
| Marketable Securities, Unrealized Gain (Loss)USD | -1,092,429Source | -2,660,105Source | 1,008,046Source | — |
| Net Income (Loss) Attributable to ParentUSD | -8,015,301Source | -9,142,584Source | -4,782,399Source | -10,941,469Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -9,460,699Source |
| Nonoperating Income (Expense)USD | -2,469,147Source | -3,490,342Source | 1,154,769Source | — |
| Operating Costs and ExpensesUSD | 5,211,719Source | 4,955,348Source | 4,959,059Source | — |
| Operating ExpensesUSD | 6,668,131Source | 6,048,712Source | 6,477,746Source | 9,906,310Source |
| Other Nonoperating Income (Expense)USD | — | — | — | -386,543Source |
| Other Operating Income (Expense), NetUSD | — | 27,598Source | — | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 6,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 2,384,956Source | 1,626,978Source | 2,059,627Source | — |
| Cost of RevenueUSD | — | — | — | 2,719,626Source |
| Operating Income (Loss)USD | -5,546,154Source | -5,652,242Source | -5,937,168Source | -10,554,926Source |
| Other Nonoperating Income (Expense)USD | — | — | — | -386,543Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -8,015,301Source | -9,142,584Source | -4,782,399Source | -10,941,469Source |
| Net Income (Loss) Attributable to ParentUSD | -8,015,301Source | -9,142,584Source | -4,782,399Source | -10,941,469Source |
| Earnings Per Share, BasicUSD per share | -0.48Source | -0.62Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.48Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 16,627,458Source | 14,862,077Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 16,627,458Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 61,401Source | 61,400Source | 734,584Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 1,456,412Source | 1,093,364Source | 1,518,687Source | 2,679,337Source |
| Gross ProfitUSD | 1,121,977Source | 396,470Source | 540,578Source | -648,616Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -9,460,699Source |
| Interest ExpenseUSD | 1,555,877Source | 2,048,171Source | 1,105,243Source | 1,003,439Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -9,460,699Source |
| Nonoperating Income (Expense)USD | -2,469,147Source | -3,490,342Source | 1,154,769Source | — |
| Operating Costs and ExpensesUSD | 5,211,719Source | 4,955,348Source | 4,959,059Source | — |
| Operating ExpensesUSD | 6,668,131Source | 6,048,712Source | 6,477,746Source | 9,906,310Source |
| Other Operating Income (Expense), NetUSD | — | 27,598Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | — | 0Source |
| Research and Development ExpenseUSD | — | — | — | 0Source |
| Selling and Marketing ExpenseUSD | — | — | — | 638,632Source |