Company Quick10K Filing
US Highland
10-Q 2019-09-30 Filed 2020-04-30
10-Q 2019-06-30 Filed 2020-03-17
10-Q 2019-03-31 Filed 2019-05-20
10-K 2018-12-31 Filed 2019-04-16
10-Q 2018-09-30 Filed 2018-11-15
S-1 2018-09-20 Public Filing
10-Q 2018-06-30 Filed 2018-08-20
10-Q 2018-03-31 Filed 2018-05-21
10-K 2017-12-31 Filed 2018-04-04
10-Q 2017-09-30 Filed 2018-02-15
10-Q 2017-06-30 Filed 2018-02-13
10-Q 2017-03-31 Filed 2018-02-13
10-Q 2016-12-31 Filed 2018-02-13
10-Q 2016-09-30 Filed 2018-02-13
10-Q 2016-06-30 Filed 2016-08-22
10-Q 2016-03-31 Filed 2016-05-23
10-K 2015-12-31 Filed 2016-04-15
10-Q 2015-09-30 Filed 2015-12-08
10-Q 2015-06-30 Filed 2015-08-20
10-Q 2015-03-31 Filed 2015-07-09
10-K 2014-12-31 Filed 2015-07-09
10-Q 2014-09-30 Filed 2015-01-15
10-Q 2014-06-30 Filed 2014-08-19
10-Q 2014-03-31 Filed 2014-05-23
10-K 2013-12-31 Filed 2014-05-06
10-Q 2013-06-30 Filed 2014-05-05
10-Q 2013-06-30 Filed 2014-05-05
10-Q 2013-03-31 Filed 2014-05-05
10-K 2012-12-31 Filed 2014-03-10
10-Q 2011-09-30 Filed 2011-11-21
10-Q 2011-06-30 Filed 2011-11-08
10-Q 2011-03-31 Filed 2011-11-02
10-K 2010-12-31 Filed 2011-09-12
10-Q 2010-09-30 Filed 2011-06-10
10-Q 2010-06-30 Filed 2010-08-20
10-Q 2010-03-31 Filed 2010-05-14
10-K 2009-12-31 Filed 2010-04-01
8-K 2020-02-13 Accountant, Accountant, Accountant, Exhibits
8-K 2019-07-08 Enter Agreement, Control, Officers
8-K 2019-02-07 Leave Agreement, Exhibits
8-K 2019-01-04 Amend Bylaw, Exhibits
8-K 2018-10-16 Regulation FD, Other Events, Exhibits
8-K 2018-09-27 Enter Agreement, M&A, Other Events, Exhibits
8-K 2018-09-12 Other Events, Exhibits
8-K 2018-08-02 Enter Agreement, Exhibits
8-K 2018-07-09 Enter Agreement, Sale of Shares, Amend Bylaw, Exhibits
8-K 2018-05-21 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-03-20 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-03-08 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-01-12 Accountant, Exhibits

US Highland Financials

UHLN Metrics, Comps, Filings

Quarterly | Annual

Business

Cruzani, Inc. (“Cruzani” or the “Company”) is a franchise development company that builds and represents popular franchise concepts, and other related businesses, throughout the United States as well as international markets. The Company was originally formed as a limited liability company on February 5, 1999 under the name The Powerhouse, L.L.C. pursuant to the laws of the State of Oklahoma. On November 9, 2006, Powerhouse Productions, L.L.C. filed Articles of Conversion changing the entity from a limited liability company to a corporation under the name Harcom Productions, Inc. On January 25, 2010, Articles of Merger were filed with the State of Oklahoma merging U.S. Highland, Inc., an Oklahoma corporation into Harcom Productions, Inc. and the name of the corporation was changed to US Highland, Inc. US Highland, Inc. was a recreational power sports Original Equipment Manufacturer (“OEM”), developing motorcycles, quads, single cylinder engines, and v-twin engines under its own brand and for other OEMs. During 2017, the Company exited the recreational power sports OEM and leisure activity vehicles markets.

On June 29, 2018, the Company filed Amended and Restated Articles of Incorporation with the State of Nevada to change its name to Cruzani, Inc. The name change is subject to approval by the Financial Industry Regulatory Authority (known as “FINRA”).

On June 30, 2018, Supreme Sweets Acquisition Corp. (n/k/a Oventa, Inc.), a subsidiary of the Company, and the Company (collectively, the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Supreme Sweets Inc. and 2498411 Ontario, Inc., as sellers (collectively, the “Seller”), pursuant to which in exchange for CAD $200,000 and a twenty percent (20%) interest in Oventa, Inc., the Company agreed to acquire the trade secret assets of Seller upon the terms and subject to the conditions set forth in the Asset Purchase Agreement. A second closing occurred on July 31, 2018, pursuant to which the Company acquired the furniture, fixtures and equipment of Seller in exchange for CAD $100,000. Seller is engaged in the business of preparing delicious snacks, pastries and baked goods with high quality ingredients for exceptional taste, including low calorie and gluten-free alternatives. The Asset Purchase Agreement included a provision, pursuant to which the Company could unwind the transaction if certain milestones were not achieved. The milestones contemplated in the Asset Purchase Agreement were not met, and accordingly, effective on December 31, 2018, by written notice to the Seller, the Company unwound the transaction. The capital injected into Oventa, Inc., however, has been secured pursuant to financing statements filed on behalf of the Company, and the Company expects to receive a return of its injected capital during the calendar year 2019. Subsequent to the December 31 notification, the parties searched for a resolution in an effort to salvage the transaction. In early February, however, it was determined that there wasn't an acceptable path forward. At that time, the company filed a Form 8-K regarding the matter.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Love International Group (LOVV) 0.0 4,074,400% 0 0 -41 -41 -0
Grocery Outlet Holding (GO) 31% 18.4 -0% 2,081,598 1,364,910 1,943,118 598,527 -8,819 24,764 456,868
Xtribe (XTRIB) 0% 0.0 -499% 245 3,167 78 0 -1,221 -1,217 -16
Pismo Coast Village (PCV) 94% -2.0 7% 20,664 2,916 8,507 7,976 1,478 2,561 -5,076
SQN Asset Income Fund V (SQNF) 0% 3.7 2% 19,618 1,237 1,925 0 404 404 1,495
Intelligent Buying (INTB) 0.0 -533% 32 281 0 0 -173 -173 -0
Quantum Business Strategies (QBSI) 0.3 -3% 2,220 2,307 0 0 -59 -59 -20
Voya Retirement Insurance & Annuity (VRIAC) 0% -1.0 0% 113,599,000 109,248,000 1,769,000 0 304,000 334,000 -331,000
US Highland (UHLN) 30% -0.7 -672% 446 3,450 81 24 -2,999 -2,447 1,790
Royal Energy Resources (ROYE) 9% -5.6 -10% 236,190 163,900 166,610 14,505 -23,641 -4,666 25,962
Diversified 2000 Futures Fund (DIFU) -0.0 15% 14,501 3,605 0 0 2,148 2,148 -0
Cole Credit Property Trust V (CCPTV) 0% 24.1 -0% 625,219 360,324 13,739 0 -96 14,124 340,852
Telos (TLSRP) 33% -0.4 -6% 84,211 218,933 148,722 49,769 -4,643 4,259 -1,796
Andes 7 (ANDES) 66% 0.0 -21% 687 1,543 9 6 -142 -141 -6
CNH Industrial Capital (CNHC) 0% 8.0 1% 12,759,215 11,444,617 890,098 0 144,649 711,055 5,716,517
Sabine Pass Liquefaction (SPL) 24% 8.0 5% 14,871,000 14,350,000 6,516,000 1,539,000 814,000 1,669,000 13,333,000
Republic Bancorp (RBCA) 0% -2.6 2% 5,222,354 4,545,544 225,088 0 82,147 139,151 -365,512
Exent (EXENT) 0.2 -295% 5 8 0 0 -14 -14 -3
Sino United (SUIC) 40% -1.2 11% 167 228 75 30 18 18 -22
Public Service Co of Colorado (PSCO) 0% 6.6 3% 18,866,300 11,860,700 4,217,600 0 533,400 767,500 5,055,900

Balance Sheet ($'000)2011-06-302011-09-302012-12-312013-03-312013-06-302013-06-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-06-302018-09-302018-12-312019-03-31
Cash02951059228431013214146161425111000033824
Accounts Receivable170170838429
Inventory1,0321,032100125000
PP&E31404044444444443535353535353506,3676,208
Assets1,9122,194601317199237303787428227525927526613115310000786,6466,555427446
Accounts Payable403820589514394440494467500520493558627618634274284290297303350349381408283
Long-Term Debt10106503007695461,5091,8021,794
Liabilities6274591,8072,1852,19814,83530,55029,49340,75942,37148,48056,73592,73920,79218,5745,9172,4491,6122,2352,4823,4002,6052,7159,21710,3553,5073,450
Stockholders' Equity1,2861,734-1,747-2,054-2,127-14,736-30,312-29,190-40,681-42,297-48,198-56,460-92,480-20,517-18,308-5,787-49-1,611-2,234-2,482-3,399-2,605-2,637-2,571-3,800-3,080-3,109
Income Statement ($'000)2011-06-302011-09-302012-12-312013-03-312013-06-302013-06-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-06-302018-09-302018-12-312019-03-31
Revenue1,25700011000000000000081
Cost of Revenue32000057
Gross Profit9361000024
R&D0
SG&A1981731611361581603771021201088084251383018300016833230
Tax000000000
Net Income235-193-3,809-75-12,612-15,6121,1212,236-1,625-5,908-8,272-36,03757,1722,20312,5183,421-80414,170-247-918496-32-432-2,435-132
Cash Flow ($'000)2011-06-302011-09-302012-12-312013-03-312013-06-302013-06-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-06-302018-09-302018-12-312019-03-31
Cash Operating228-345-273-197-151-144-94-112-105-91-189-43-262-0-0-47-387-76
Cash Investing-215-2-180-118-3780-144-82-181010000-1550
Cash Financing-2642228409331991503009410311588282481500005054778