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Indoor Harvest (Indoor Harvest) Retained Earnings : $-28.50 Mil (As of Sep. 2023)


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What is Indoor Harvest Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Indoor Harvest's retained earnings for the quarter that ended in Sep. 2023 was $-28.50 Mil.

Indoor Harvest's quarterly retained earnings declined from Mar. 2023 ($-27.43 Mil) to Jun. 2023 ($-27.81 Mil) and declined from Jun. 2023 ($-27.81 Mil) to Sep. 2023 ($-28.50 Mil).

Indoor Harvest's annual retained earnings increased from Dec. 2020 ($-61.17 Mil) to Dec. 2021 ($-23.70 Mil) but then declined from Dec. 2021 ($-23.70 Mil) to Dec. 2022 ($-27.06 Mil).


Indoor Harvest Retained Earnings Historical Data

The historical data trend for Indoor Harvest's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indoor Harvest Retained Earnings Chart

Indoor Harvest Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.80 -14.89 -61.17 -23.70 -27.06

Indoor Harvest Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.62 -27.06 -27.43 -27.81 -28.50

Indoor Harvest Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Indoor Harvest  (OTCPK:INQD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Indoor Harvest (Indoor Harvest) Business Description

Traded in Other Exchanges
N/A
Address
7401 W. Slaughter Lane, Suite 5078, Austin, TX, USA, 78739
Indoor Harvest Corp develops, process, and provide cannabis medicines. The company provides cannabis industry production platforms for building integrated agriculture (BIA) production. It focuses on Genetics, Tissue Culture, Controlled Environment Ag technologies, including high-pressure Aeroponic Cultivation, Micropropagation, and Cultivation operations. It focuses on an integrated consolidation platform offering for cannabis industry companies focused on hemp, other hemp-related products, CBD, CPG, and ancillary business verticals.
Executives
Daniel Patrick Weadock director, officer: Chief Executive Officer C/O INDOOR HARVEST CORP, 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Benjamin Godoy Coleman 10 percent owner 8518 PEGASUS DR, SELMA TX 78154
Lang Coleman director 8518 PEGASUS DR, SELMA TX 78154
Sandra Fowler officer: Chief Marketing Officer C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Sykes Chad Colin director, 10 percent owner, officer: CEO 14830 FOREST LODGE DR., HOUSTON TX 77070
Pawel Hardej director 6304 INDIAN CANYON DR., AUSTIN TX 78746
William Jamieson director PO BOX 47700, PHOENIX AZ 85068
John Alexander Zimmerman director 10258 TIMBER TRAIL DR., DALLAS TX 75229
John Choo director, officer: President 4 NANAIMO DR., OTTAWA A6 K2H 6X5
Annette Lee Knebel director, officer: Chief Accounting Officer C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Richard A. Gutshall director, officer: Interim CEO and CFO 7716 ORISHA DRIVE, AUSTIN TX 78739
John Irving Seckman director P.O BOX 3009, IDAHO SPRINGS CO 80452