RTON · Right On Brands, Inc. · Debt
$0.04
At close · Nov 12
Return incl. dividend (before tax)
Going-concern doubt
— flagged Apr 15, 2024
Substantial doubt about the company's ability to continue as a going concern.
“These matters, among others, raise substantial doubt about the Company's ability to continue as a going concern. While the Company is attempting to generate greater revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of additional public and/or private offerings of its stock. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect.”View the 10-Q filed Apr 15, 2024
Market Cap
$979,590
Shares
31.50M
Volume · Nov 12
4991
Avg daily vol (3M)
57.27K
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Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current finance lease liabilities | 2023-12-31 | USD 26,349 | 10-Q filed 2024-04-15 |
| Current portion of convertible debt | 2023-12-31 | USD 258,900 | 10-Q filed 2024-04-15 |
| Current portion of notes payable | 2023-12-31 | USD 230,554 | 10-Q filed 2024-04-15 |
| Noncurrent finance lease liabilities | 2023-12-31 | USD 4,540 | 10-Q filed 2024-04-15 |
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Key facts
CIK
1580262