MeritValue

Bespoke Extracts, Inc.

BSPKdata completeness 88%14 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue—$35,5661$3,4072$785,4533$1.12M3
Net income−$4.64M4−$965,5775−$4.12M6−$1.48M7−$1.04M7
Operating cash flow−$465,2408−$1.04M9−$798,06710−$415,19811−$289,80211
Capital expenditure—$2,74512$7,20213—$600,00014
Free cash flow (derived)—−$1.04M9−$805,26910—−$889,80211
Total debt—————
Cash & equivalents$126,60315$11,17715$24,43316$6,60716$60,30517
Diluted shares194.4M5.2M9.4M10.2M10.5M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$1.99
your share of equity
Profit it earned you last year
−$0.99
Free cash flow it threw off
−$0.85
Debt you’d be carrying
—

10 shares is a claim on −$1.99 of net worth that earned you −$0.99 and generated −$0.85 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−95% shares · 5y

Share count is down 95% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-08-31 · accession 0001213900-23-033118 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-033935 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001213900-25-033608 (Revenues)
  4. 10-K · period ending 2020-08-31 · accession 0001213900-21-065002 (NetIncomeLoss)
  5. 10-K · period ending 2021-08-31 · accession 0001213900-23-033118 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001213900-24-033935 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001213900-25-033608 (NetIncomeLoss)
  8. 10-K · period ending 2020-08-31 · accession 0001213900-21-065002 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-08-31 · accession 0001213900-23-033118 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001213900-24-033935 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001213900-25-033608 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-08-31 · accession 0001213900-23-033118 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2022-12-31 · accession 0001213900-24-033935 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2024-12-31 · accession 0001213900-25-033608 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2020-08-31 · accession 0001213900-21-065002 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001213900-24-033935 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2024-12-31 · accession 0001213900-25-033608 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)