Lucide Ledger

A filing-first public record from Lucide House.

Issue 001 | U.S. Pilot | US

ARTL

ARTELO BIOSCIENCES, INC.

Screen state: Passing Source state: Verified 10-Q | 2026-05-14 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 84.1%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
10,421,000USD
Total Liabilities
5,846,000USD
NCAV
4,575,000USD
Cash
10,273,000USD
NCAV per share
1.96USD/share
Evidence
11 annual | 33 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001640334-26-000869 2026-05-14 10-Q Verified Data Vault | sec/cleaned/cik=0001621221/accession=0001640334-26-000869/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis

Verified split events: reverse 4.5 on 2019-06-20; reverse 15.0 on 2022-08-08; reverse 6.0 on 2025-06-12; reverse 3.0 on 2026-03-10

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
10-K
USD
2024-12-31
10-K
USD
2023-12-31
10-K
USD
2022-12-31
10-K
USD
2021-08-31
10-K
USD
2020-08-31
10-K
USD
2019-08-31
10-K
USD
2018-08-31
10-K
USD
2018-08-31
10-K
USD
2017-08-31
10-K
USD
2016-08-31
10-K
USD
Revenue n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Operating Income -11,404,000 -10,108,000 -9,930,000 -10,287,000 -7,441,000 -4,685,775 -3,209,531 -2,343,491 -2,343,491 -232,789 -29,690
Net Income -12,879,000 -9,826,000 -9,289,000 -10,083,000 -7,437,000 -4,654,862 -2,172,176 -2,343,491 -2,343,491 -234,889 -29,690
Cash From Operations -8,520,000 -8,350,000 -8,207,000 -8,008,000 -6,141,000 -4,347,382 -2,792,676 -1,610,020 -1,610,020 -216,821 -18,489
Capex n/a n/a n/a n/a n/a n/a -688 n/a -845 n/a n/a
Free Cash Flow n/a n/a n/a n/a n/a n/a -2,793,364 n/a -1,610,865 n/a n/a
Cash And Equivalents 600,000 2,338,000 2,815,000 6,888,000 6,629,000 2,142,072 4,423,965 337,424 337,424 572,775 3,590
Accounts Receivable n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Inventory n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Total Current Assets 695,000 2,557,000 10,980,000 18,322,000 10,317,000 2,337,199 4,442,588 396,435 396,435 574,275 3,590
Total Assets 2,801,000 4,698,000 13,043,000 20,424,000 12,635,000 4,376,862 6,482,726 396,998 396,998 574,275 3,590
Total Current Liabilities 4,044,000 1,772,000 1,291,000 998,000 526,000 502,177 1,021,513 531,972 531,972 29,438 17,390
Total Liabilities 4,073,000 1,841,000 1,291,000 1,021,000 593,000 501,000 1,021,513 n/a 531,972 29,438 17,390
Shareholders Equity -1,272,000 2,857,000 11,752,000 19,403,000 12,042,000 3,874,685 5,461,213 -134,974 -134,974 544,837 -13,800
Shares Outstanding 708,257 182,280 177,164 158,649 156,670 55,969 12,690 14,002,293 11,525 9,343 6,288
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 343,000 537,000 164,444 n/a 69,168,189 13,732 8,046 4,362,293 85,168 582,160 509,333
Weighted Avg Shares Basic n/a n/a n/a n/a 69,168,189 13,732 8,046 1,277,527 85,168 582,160 509,333
Net Share Count Change (Normalized) 29.8% 1.7% 0.8% 0.0% 6.0% 48.8% 7.8% 23.6% 23.6% 48.3% Insufficient evidence
Ownership Claim Change (Normalized) -22.9% -1.6% -0.8% 0.0% -5.6% -32.8% -7.2% -19.1% -19.1% -32.6% Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric
2026-03-31
10-Q
USD
2025-12-31
10-K
USD
2025-12-31
10-K
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
2025-03-31
10-Q
USD
2024-12-31
10-K
USD
2024-12-31
10-K
USD
2024-09-30
10-Q
USD
2024-06-30
10-Q
USD
2024-03-31
10-Q
USD
2023-12-31
10-K
USD
2023-12-31
10-K
USD
2023-09-30
10-Q
USD
2023-06-30
10-Q
USD
2023-03-31
10-Q
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-12-31
10-K
USD
2022-09-30
10-Q
USD
2022-06-30
10-Q
USD
2022-03-31
10-Q
USD
2021-11-30
10-Q
USD
2021-08-31
10-K
USD
2021-08-31
10-K
USD
2021-08-31
10-K
USD
2021-08-31
10-K
USD
2021-08-31
10-K
USD
2021-08-31
10-K
USD
2021-05-31
10-Q
USD
Revenue n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Operating Income -2,689,000 -2,786,000 -2,786,000 -3,089,000 -3,150,000 -2,379,000 -3,812,000 -3,812,000 -1,195,000 -2,512,000 -2,589,000 -3,240,000 -3,240,000 -2,614,000 -1,784,000 -2,292,000 -3,476,000 -3,476,000 -3,476,000 -3,476,000 -3,476,000 -3,476,000 -2,394,000 -2,471,000 -1,946,000 -2,552,000 -1,886,867 -1,886,867 -1,886,867 -1,886,867 -1,886,867 -1,886,867 -2,251,412
Net Income -2,958,000 -4,166,000 -4,166,000 -3,120,000 -3,221,000 -2,372,000 -3,778,000 -3,778,000 -1,132,000 -2,433,000 -2,483,000 -3,073,000 -3,073,000 -2,449,000 -1,599,000 -2,168,000 -3,339,000 -3,339,000 -3,339,000 -3,339,000 -3,339,000 -3,339,000 -2,330,000 -2,449,000 -1,965,000 -2,548,000 -1,886,642 -1,886,642 -1,886,642 -1,886,642 -1,886,642 -1,886,642 -2,249,792
Cash From Operations -1,191,000 -2,911,000 -2,911,000 -3,498,000 -514,000 -1,597,000 -2,567,000 -2,567,000 -778,000 -2,063,000 -2,942,000 -2,596,000 -2,596,000 -1,802,000 -1,623,000 -2,186,000 -2,293,000 -2,293,000 -2,293,000 -2,293,000 -2,293,000 -2,293,000 -1,696,000 -1,966,000 -2,053,000 -1,926,000 -1,541,315 -1,541,315 -1,541,315 -1,541,315 -1,541,315 -1,541,315 -1,780,589
Capex n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Free Cash Flow n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Cash And Equivalents 10,273,000 600,000 600,000 1,720,000 2,066,000 746,000 n/a n/a 4,357,000 881,000 1,195,000 n/a n/a 2,639,000 5,719,000 6,916,000 6,888,000 6,888,000 6,888,000 6,888,000 6,888,000 6,888,000 7,136,000 12,122,000 10,350,000 14,047,000 6,629,000 6,629,000 6,629,000 6,629,000 6,629,000 6,629,000 10,052,288
Total Current Assets 10,421,000 695,000 695,000 1,827,000 2,233,000 1,382,000 2,557,000 2,557,000 4,986,000 6,168,000 8,188,000 10,980,000 10,980,000 13,428,000 14,602,000 16,386,000 18,322,000 18,322,000 18,322,000 18,322,000 18,322,000 18,322,000 20,303,000 22,282,000 24,589,000 25,355,000 10,317,000 10,317,000 10,317,000 10,317,000 10,317,000 10,317,000 10,300,283
Total Liabilities 5,846,000 4,073,000 4,073,000 4,900,000 5,763,000 2,863,000 1,841,000 1,841,000 775,000 1,027,000 817,000 1,291,000 1,291,000 921,000 609,000 840,000 1,021,000 1,021,000 1,021,000 1,021,000 1,021,000 1,021,000 512,000 567,000 924,000 718,000 593,000 593,000 593,000 593,000 593,000 593,000 423,943
Shares Outstanding 2,333,540 2,018,746 672,915 672,915 440,517 182,280 3,281,032 182,280 179,317 179,317 179,317 3,188,959 177,164 175,686 158,649 158,649 2,855,688 2,855,688 2,855,688 2,855,688 2,855,688 158,649 158,649 2,839,599 156,670 156,670 24,526,703 24,526,703 24,526,703 24,526,703 24,526,703 156,670 90,718
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 739,000 1,029,000 1,029,000 262,333 191,333 189,000 3,223,000 327,752 179,333 179,333 533,000 2,960,000 2,960,000 163,833 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 112,743,204 n/a n/a n/a n/a n/a 274,232,693 85,596
Weighted Avg Shares Basic n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 112,743,204 n/a n/a n/a n/a n/a 274,232,693 85,596
Net Share Count Change (Normalized) 0.0% 29.8% 29.8% 120.8% 28.8% 0.0% 1.7% 1.7% 0.0% 0.0% 1.2% 0.8% 0.8% 10.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -93.3% 1410.4% 0.0% 72.5% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 363.8%
Ownership Claim Change (Normalized) -0.0% -22.9% -22.9% -54.7% -22.4% 0.0% -1.6% -1.6% 0.0% 0.0% -1.2% -0.8% -0.8% -9.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1391.5% -93.4% 0.0% -42.0% -5.6% -5.6% -5.6% -5.6% -5.6% -5.6% -78.4%
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 10,421,000USD us-gaap:AssetsCurrent 2026-03-31 1.00 Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Total Liabilities 5,846,000USD us-gaap:Liabilities 2026-03-31 1.00 Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Cash 10,273,000USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2026-03-31 1.00 Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Shares Outstanding 2,333,540 dei:EntityCommonStockSharesOutstanding 2026-03-31 1.00 Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
NCAV 4,575,000USD derived 2026-03-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 1.96USD derived 2026-03-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 84.1% derived 2026-03-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001621221
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001621221/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
27
Imported At
2026-08-15T12:51:35+00:00
Rendered At
2026-08-16T03:29:38+00:00

Run Audit

Mary Run
7597e71d9e0c42a48d3fa1ce89682485
Mary As Of
2026-07-11
Accession
0001640334-26-000869
CIK
0001621221
Mary Filing Date
2026-05-14
Filing Currency
USD
Internal Discount
84.1%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-05-14; mary_accession=0001640334-26-000869; mary_cik=0001621221; gnni_supporting_filing_date=2026-05-14; internal_discount=0.841126; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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