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ADVANCED CONTAINER TECHNOLOGIES, INC. Stock Research

ACTX

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Returns for ACTX

Which funds bought or sold ACTX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-24
Freemont Management S.A.
added
20.00
213,800
1,204,800
0.19%
2023-03-24
Longbow Finance SA
new
-
4,710,400
4,710,400
0.63%
2023-03-23
Prostatis Group LLC
reduced
-3.62
-6,154
140,935
0.08%
2023-03-17
American Portfolios Advisors
added
20.32
12,346
109,111
-%
2023-03-17
American Portfolios Advisors
added
10.62
5,391
803,767
0.03%
2023-03-17
American Portfolios Advisors
added
106
503,735
1,096,210
0.05%
2023-03-17
American Portfolios Advisors
reduced
-58.65
-1,201,110
865,306
0.04%
2023-03-17
American Portfolios Advisors
reduced
-5.63
-30,286
274,972
0.01%
2023-03-17
American Portfolios Advisors
reduced
-56.54
-304,452
220,669
0.01%
2023-03-17
American Portfolios Advisors
added
1.49
-369
3,780
-%

1–10 of 50

Latest Funds Activity

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ADVANCED CONTAINER Tech News

Yahoo Finance

Ryerson Reports Fourth Quarter and Full-Year 2022 Results.

Yahoo Finance,
33 days ago

InvestorsObserver

PR Newswire

InvestorPlace

Seeking Alpha

ACTX Fair Value

About ADVANCED CONTAINER Tech

Advanced Container Technologies, Inc. engages in designing, manufacturing, and selling plastic medical grade containers. It markets and sells GrowPods, a specially modified insulated shipping containers in which plants, herbs, and spices grown hydroponically in a controlled environment; and the Medtainer that is used to store pharmaceuticals, herbs, teas, and other solids or liquids, and can grind solids and shred herbs, as well as related products. The company also provides private labeling and branding services for purchasers of Medtainers and other related products. In addition, it offers humidity pack inserts, lighters, plastic lighter holders, smell-proof bags, and jars; and printing and shipping services. Further, the company provides growing media consists of premium soils and soil alternatives, such as perlite, gravel, rock wool, and coconut coir or clay pebbles used in hydroponic cultivation under the Prolific Soilless Growth Medium and Prolific Fertilizer names; and LED lighting, electronically controlled irrigation systems, humidifiers, and growing panels as replacement part and upgrades. It markets its products and services directly to businesses through its phone room to the retail public through internet sales, and directly to wholesalers and other businesses that resell its products to other businesses and end users. The company is headquartered in Corona, California.

ACTX Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues$ 634,433$ 1,451,737$ 2,299,923$ 4,083,267
Cost of goods sold486,8921,061,1031,626,9923,102,972
Gross profit147,541390,634672,931980,295
Operating expenses:    
Advertising and marketing20,68731,57898,67864,009
Bad debt35,000040,7500
Depreciation and amortization75,73569,232214,274209,056
Professional fees81,02620,520233,925148,641
Share-based compensation000270,000
Payroll204,584230,313613,888694,375
General and administrative129,727102,649301,897239,467
Total operating expenses546,759454,2921,503,4121,625,548
Operating (loss)(399,218)(63,658)(830,481)(645,253)
Non-operating income (expenses)    
Forgiveness of Payroll Protection Program SBA loan and interest0138,5670138,567
Interest expense(2,887)(8,297)(13,025)(21,087)
Total non-operating income (expense), net(2,887)130,270(13,025)117,480
Income (loss) before income taxes(402,105)66,612(843,506)(527,773)
Income tax provision0000
Net income (loss)$ (402,105)$ 66,612$ (843,506)$ (527,773)
Basic weighted average common shares outstanding51,901,52551,621,52451,879,27851,299,276
Diluted weighted average common shares outstanding51,901,52551,623,08951,879,27851,299,276

ACTX Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash$ 297,166$ 59,367
Accounts receivable, net169,250229,941
Inventories454,160438,333
Prepaid expenses32,00017,663
Prepaid inventories464,250279,625
TOTAL CURRENT ASSETS1,416,8261,024,929
Property and equipment, net of accumulated depreciation of $712,396 and $162,018, respectively36,16047,721
Intangible assets, net of accumulated amortization of $704,476 and $508,870, respectively1,727,5241,923,130
Goodwill1,020,3141,020,314
Right-of-use asset412,4070
Security deposits11,6998,699
TOTAL ASSETS4,624,9304,024,793
CURRENT LIABILITIES:  
Accounts payable and accrued expenses370,421458,495
Accrued interest92,83788,461
Payroll liabilities643,252501,395
Customer deposits1,072,212361,230
Convertible notes81,17281,172
Notes payable171,800287,487
Loan payable - stockholder486,920320,411
Operating lease liabilities - current84,5430
TOTAL CURRENT LIABILITIES3,003,1572,098,651
LONG-TERM LIABILITIES:  
Operating lease liabilities - long-term329,1370
TOTAL LONG-TERM LIABILITIES329,1370
Commitments and contingencies (Notes 3, 5, 6, 10 and 12)
STOCKHOLDERS' EQUITY  
Preferred stock, par value $0.00001 per share, issuable in series: 10,000,000 shares authorized; 1,000,000 shares designated Series A Convertible Preferred stock issued and outstanding at September 30, 2022, and December 31, 20211010
Common Stock, par value $0.00001 per share: 100,000,000 shares authorized; 51,901,525 issued and outstanding at September 30, 2022, and 51,621,524 at December 31, 2021519516
Additional paid-in capital8,495,0638,285,066
Accumulated deficit(7,202,956)(6,359,450)
TOTAL STOCKHOLDERS' EQUITY1,292,6361,926,142
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 4,624,930$ 4,024,793