Medical Cannabis Pay
Medical Cannabis Payment Solutions, Inc. develops and markets a payment system for medical cannabis transactions. Its solution assists in the state tracking of sales, collection of tax, and supervision of sales to consumers. The company was incorporated in 2013 and is based in Cheyenne, Wyoming. On August 12, 2024, Medical Cannabis Payment Solutions, Inc. filed a voluntary petition for liquidatio… Read more
Medical Cannabis Pay (REFG) - Net Assets
Latest net assets as of March 2023: $-2.33 Million USD
Based on the latest financial reports, Medical Cannabis Pay (REFG) has net assets worth $-2.33 Million USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.76K) and total liabilities ($2.37 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-2.33 Million |
| % of Total Assets | -7121.81% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.51 |
Medical Cannabis Pay - Net Assets Trend (2013–2022)
This chart illustrates how Medical Cannabis Pay's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Medical Cannabis Pay (2013–2022)
The table below shows the annual net assets of Medical Cannabis Pay from 2013 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-2.33 Million | -1.49% |
| 2021-12-31 | $-2.29 Million | -174.50% |
| 2020-12-31 | $-835.51K | -2.11% |
| 2019-12-31 | $-818.22K | -225.68% |
| 2018-12-31 | $-251.23K | -98720.36% |
| 2017-12-31 | $-254.23 | -144.36% |
| 2016-12-31 | $-104.04 | -101.29% |
| 2015-12-31 | $8.04K | -94.27% |
| 2014-12-31 | $140.32K | +258.44% |
| 2013-12-31 | $-88.56K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Medical Cannabis Pay's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 983772500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $60.84K | % |
| Other Comprehensive Income | $7.63 Million | % |
| Total Equity | $-2.33 Million | 100.00% |
Medical Cannabis Pay Competitors by Market Cap
The table below lists competitors of Medical Cannabis Pay ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autoco.com Inc
PINK:AOOO
|
$0.95 |
|
Sky440 Inc
PINK:SKYF
|
$0.95 |
|
Digitiliti Inc
PINK:DIGI
|
$0.95 |
|
SED International Holdings Inc
PINK:SEDN
|
$0.95 |
|
GD Entertainment & Technology Inc
PINK:GDET
|
$0.95 |
|
Islet Holdings Inc
PINK:ISHI
|
$0.95 |
|
Speed Commerce Inc
PINK:SPDC
|
$0.95 |
|
American Metal & Technology Inc
PINK:AMGY
|
$0.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Medical Cannabis Pay's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -2,293,453 to -2,327,554, a change of -34,101.
- Net loss of 34,101 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-34.10K | -1.47% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Medical Cannabis Pay's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $0.00 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Medical Cannabis Pay utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-515.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-109.72K |
| 2014 | -193.20% | -5422.20% | 0.02x | 2.05x | $-285.14K |
| 2015 | -4960.79% | 0.00% | 0.00x | 21.11x | $-399.75K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-509.64K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.25 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.32 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-745.04K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-250.24K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.38 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $198.65K |
Industry Comparison
This section compares Medical Cannabis Pay's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Medical Cannabis Pay (REFG) | $-2.33 Million | 0.00% | N/A | $0.95 |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |