Quarterly report pursuant to Section 13 or 15(d)

Kush Bottles, Inc. - Condensed Consolidated Statements of Operations (Unaudited)

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Kush Bottles, Inc. - Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Income Statement        
REVENUE $ 4,719,477 $ 2,322,638 $ 10,161,813 $ 5,841,168
COST OF GOODS SOLD 3,156,290 1,588,302 6,706,272 3,941,189
GROSS PROFIT 1,563,187 734,336 3,455,541 1,899,979
OPERATING EXPENSES        
Depreciation 28,816 6,542 48,294 18,489
Stock compensation expense 259,417 42,723 522,226 60,100
Selling, general and administrative 1,266,215 656,642 3,008,134 1,763,948
Total Operating Expenses 1,554,448 705,907 3,578,654 1,842,537
INCOME (LOSS) FROM OPERATIONS 8,739 28,429 (123,113) 57,442
OTHER INCOME (EXPENSES)        
Other expense     (23,944)  
Interest expense (2,620) (5,145) (4,488) (17,461)
Total Other Income (Expense) (2,620) (5,145) (28,432) (17,461)
INCOME (LOSS) BEFORE INCOME TAXES 6,119 23,284 (151,545) 39,981
PROVISION FOR INCOME TAXES
NET INCOME (LOSS) $ 6,119 $ 23,284 $ (151,545) $ 39,981
BASIC INCOME (LOSS) PER SHARE $ 0.00 $ 0.00 $ (0.00) $ 0.00
DILUTED INCOME (LOSS) PER SHARE $ 0.00 $ 0.00 $ (0.00) $ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- BASIC 51,805,930 46,525,540 50,458,416 46,667,750
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING- DILUTED 53,334,232 47,578,327 50,458,416 47,720,537