Private company

Sugarmade, Inc.

Sugarmade, Inc. is an American wholesale-paper and paper products company, incorporated in Delaware.1 It is headquartered in Monrovia, California.1

Last updated Oct 20, 2026.

Overview

  • IndustryWholesale-Paper & Paper Products1
  • HeadquartersMonrovia, California1
  • Incorporated inDE2
  • Business address750 Royal Oaks Dr. Ste. 108, Monrovia, Ca 910162
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

59.7%Gross margin3
-110.6%Operating margin3
-234.8%Net margin3
18.5%Revenue growth, 20223
-$4.8MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue40¢$1.9M
  • Selling, general and admin53¢$2.5M
  • Other costs7¢$311.5K

Out of $4.7M in revenue.3 The company lost money this year.

Financial statements

Revenue456783$4.7M in 2022+8% since 2016
0$2.0M$4.0M$6.0M2016: $4.3M$4.3M20162017: $4.1M$4.1M2017−6%2018: $4.4M$4.4M2018+8%2019: $4.4M$4.4M2019−2%2020: $4.4M$4.4M2020−0%2021: $4.0M$4.0M2021−9%2022: $4.7M$4.7M2022+19%
Gross profit456783$2.8M in 2022+93% since 2016
0$1.0M$2.0M$3.0M2016: $1.5M$1.5M20162017: $1.3M$1.3M2017−13%2018: $1.2M$1.2M2018−4%2019: $1.3M$1.3M2019+5%2020: $1.5M$1.5M2020+19%2021: $1.8M$1.8M2021+21%2022: $2.8M$2.8M2022+54%
Operating income456783-$5.2M in 2022+162% since 2016
-$15.0M-$10.0M-$5.0M02016: -$2.0M-$2.0M20162017: -$2.7M-$2.7M2017+36%2018: -$1.2M-$1.2M2018−54%2019: -$4.9M-$4.9M2019+296%2020: -$12.1M-$12.1M2020+147%2021: -$3.9M-$3.9M2021−67%2022: -$5.2M-$5.2M2022+32%
Net income45783-$11.1M in 2022+350% since 2016
-$30.0M-$20.0M-$10.0M02016: -$2.5M-$2.5M20162017: -$4.7M-$4.7M2017+92%2018: -$6.3M-$6.3M2018+34%2019: -$12.2M-$12.2M2019+94%2020: -$21.3M-$21.3M2020+74%2021: -$5.9M-$5.9M2021−72%2022: -$11.1M-$11.1M2022+87%
Fiscal year2016201720182019202020212022
Revenue$4.3M4$4.1M5$4.4M6$4.4M7$4.4M8$4.0M3$4.7M3
Cost of revenue$2.9M4$2.8M5$3.2M6$3.4M7$2.9M8$2.2M3$1.9M3
Gross profit$1.5M4$1.3M5$1.2M6$1.3M7$1.5M8$1.8M3$2.8M3
Selling, general and admin$3.5M4$4.0M5$2.5M6$6.2M7$1.7M8$1.8M3$2.5M3
Operating expenses$8.0M3
Operating income-$2.0M4-$2.7M5-$1.2M6-$4.9M7-$12.1M8-$3.9M3-$5.2M3
Interest$18.8K4$352.3K5$2.1M6$1.4M7$1.6M7
Income before tax-$11.7M3
Net income-$2.5M4-$4.7M5-$6.3M7-$12.2M7-$21.3M8-$5.9M3-$11.1M3
Earnings per share-$0.014-$0.025-$0.035-$0.027-$0.028$0.003$0.003
Earnings per share (diluted)-$0.014-$0.025-$0.035-$0.027-$0.028$0.003$0.003
Shares (weighted, basic)9.5B shares3

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Corporate structure

Sugarmade, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sugarmade, Inc.

  • May Davis Partners Acquisition Co LLC Filed SC 13G on Sugarmade, Inc., latest Jun 28, 2022
  • Sugarmade, Inc. Monrovia, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sugarmade, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.4M3 Jun 30, 2022$3.3M3 Jun 30, 2021+33.9%
Accumulated depreciation$712.0K3 Jun 30, 2022$524.9K3 Jun 30, 2021+35.6%
Property and equipment, net$3.7M3 Jun 30, 2022$2.7M3 Jun 30, 2021+33.5%
Operating-lease assets (leased space)$266.8K3 Jun 30, 2022$486.3K3 Jun 30, 2021−45.1%

Real estate and locations

ItemLatestA year beforeChange
Area of land43,560 sq ft3 Jun 29, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$161.0K3 Jun 30, 2022$1.4M3 Jun 30, 2021−88.5%
Stakes in other companies (equity method)$441.4K3 Jun 30, 2022$441.4K8 Jun 30, 20210%
Long-term investments$441.4K3 Jun 30, 2022$441.4K3 Jun 30, 20210%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$757.6K3 Jun 30, 2022$757.6K3 Jun 30, 20210%
Intangible assets, net (excluding goodwill)$10.6M3 Jun 30, 2022$10.7M3 Jun 30, 20210%

Inventory

ItemLatestA year beforeChange
Inventory, total$416.6K3 Jun 30, 2022$441.6K3 Jun 30, 2021−5.6%

Leadership

Who has led Sugarmade, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kevin Russeth2008–2010
  2. Scott Lantz2011
  3. Jimmy Chan2015–2020

President

  1. Kevin Russeth2008

Chief financial officer

  1. Kevin Russeth2008
2010201520202025
Board members and other officers (14)

Former names

  • Diversified Opportunities, Inc.Mar 14, 2008 to Jul 19, 20112
  • ENLIGHTEN SOFTWARE SOLUTIONS INCNov 14, 1996 to Mar 15, 20012
  • SOFTWARE PROFESSIONALS INCFeb 15, 1995 to May 31, 19962

Timeline

  1. Oct 19, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed26
  2. Mar 2, 20238-K Executive or director change27
  3. Feb 27, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares28
  4. Feb 23, 20238-K Regulation FD disclosure; Other events29
  5. Feb 13, 20238-K Executive or director change30
  6. Nov 18, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
  7. Aug 22, 20228-K Regulation FD disclosure32
  8. Aug 18, 20228-K Entered a material agreement33
  9. Aug 17, 20228-K Change of auditor34
  10. May 4, 20228-K Entered a material agreement; Regulation FD disclosure35
  11. Apr 1, 20228-K Regulation FD disclosure36
  12. Mar 7, 20228-K Bylaws or fiscal year changed; Shareholder vote37
  13. Mar 26, 2015New chief executive Jimmy Chan becomes CEO12
  14. May 18, 2011New chief executive Scott Lantz becomes CEO13
  15. Jun 6, 2008New chief executive Kevin Russeth becomes CEO14

Filings

37 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 14 major events, 1 large holders, 15 other. The latest 20:

  1. Oct 19, 20238-K EDGAR
  2. Mar 31, 202315-12G EDGAR
  3. Mar 2, 20238-K EDGAR
  4. Feb 27, 20238-K EDGAR
  5. Feb 23, 20238-K EDGAR
  6. Feb 21, 202310-Q EDGAR
  7. Feb 14, 2023NT 10-Q EDGAR
  8. Feb 13, 20238-K EDGAR
  9. Jan 26, 202310-Q EDGAR
  10. Jan 13, 202310-K EDGAR
  11. Nov 18, 20228-K EDGAR
  12. Sep 29, 2022NT 10-K EDGAR
  13. Aug 22, 20228-K EDGAR
  14. Aug 18, 20228-K EDGAR
  15. Aug 17, 20228-K EDGAR
  16. Jun 28, 2022SC 13G EDGAR
  17. May 23, 202210-Q EDGAR
  18. May 17, 2022NT 10-Q EDGAR
  19. May 4, 20228-K EDGAR
  20. Apr 5, 2022424B3 EDGAR

The 37 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Sugarmade, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSugarmade, Inc.1
  • CIK0000919175
  • Employer ID (EIN)94-30088881
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsJune 301
  • Industry code (SIC)5110 Wholesale-Paper & Paper Products1
  • Business address750 Royal Oaks Dr. Ste. 108, Monrovia, CA 910161
  • Phone(888) 982-16281
  • Shares outstanding12,475,800,701 as of Feb 20, 202310
  • On EDGAR sinceFeb 15, 19951
  • Filings384 in all: 8-K (124), 10-Q (45), 3 (17), NT 10-Q (17), 10QSB (16), 4 (16), 10-K (14), NT 10-K (10)1
    All 50 form types

    SC 13G (10), 10-K/A (8), 8-K/A (8), SC 13G/A (8), 10KSB (6), S-1/A (6), UPLOAD (6), DEF 14A (5), PRE 14C (5), CORRESP (4), DEF 14C (4), EFFECT (4), 10-Q/A (3), 253G2 (3), PRE 14A (3), S-1 (3), SC 13D (3), 1-A (2), 1-A/A (2), 10KSB/A (2), 15-12G (2), 4/A (2), NT 10-K/A (2), POS AM (2), S-8 (2), SB-2 (2), SB-2/A (2), SC 14F1 (2), 1-A-W (1), 10-12G (1), 10-C (1), 424B3 (1), 424B4 (1), D (1), D/A (1), NTN 10K (1), NTN 10Q (1), PRER14A (1), PRER14C (1), QUALIF (1), SB-2MEF (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Jan 13, 2023
    Quarterly report (10-Q) Feb 21, 2023
    Proxy statement (DEF 14A) Aug 31, 2018
    Latest 8-K (8-K) Oct 19, 2023

Sources

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