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Private company

Grapefruit USA, Inc

Grapefruit USA, Inc is an American x-ray apparatus and tubes and related irradiation apparatus company.1 It is headquartered in Los Angeles, California.1

Last updated Oct 21, 2026.

Overview

  • IndustryX-Ray Apparatus & Tubes & Related Irradiation Apparatus1
  • HeadquartersLos Angeles, California1
  • Incorporated inCA2
  • Business address10866 Wilshire Blvd., Los Angeles, Ca 900242
  • 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 2021

-90.0%Gross margin3
-410.1%Operating margin3
-934.6%Net margin3
-84.0%Revenue growth, 20213
-$1.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue40¢$1.1M
  • Interest60¢$1.7M

Out of $589.0K in revenue.3 The company lost money this year.

Financial statements

Revenue456783$589.0K in 2021+167% since 2015
0$1.0M$2.0M$3.0M$4.0M2015: $220.8K$220.8K20152016: $33.1K$33.1K2016−85%2017: $41.8K$41.8K2017+26%2018: $181.5K$181.5K2018+334%2019: $451.2K$451.2K2019+149%2020: $3.7M$3.7M2020+714%2021: $589.0K$589.0K2021−84%
Gross profit456783-$530.2K in 2021
-$750.0K-$500.0K-$250.0K0$250.0K$500.0K2015: $51.7K$51.7K20152016: $22.8K$22.8K2016−56%2017: $27.6K$27.6K2017+21%2018: -$2.0K-$2.0K20182019: -$257.4K-$257.4K2019+13051%2020: $280.5K$280.5K20202021: -$530.2K-$530.2K2021
Operating income456783-$2.4M in 2021+66% since 2015
-$3.0M-$2.0M-$1.0M02015: -$1.5M-$1.5M20152016: -$2.7M-$2.7M2016+84%2017: -$1.6M-$1.6M2017−39%2018: -$268.3K-$268.3K2018−84%2019: -$1.9M-$1.9M2019+599%2020: -$1.2M-$1.2M2020−36%2021: -$2.4M-$2.4M2021+100%
Net income456783-$5.5M in 2021+109% since 2015
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2015: -$2.6M-$2.6M20152016: -$6.8M-$6.8M2016+157%2017: $2.9M$2.9M20172018: -$366.5K-$366.5K20182019: -$4.6M-$4.6M2019+1158%2020: -$4.1M-$4.1M2020−12%2021: -$5.5M-$5.5M2021+36%
Fiscal year2015201620172018201920202021
Revenue$220.8K4$33.1K5$41.8K6$181.5K7$451.2K8$3.7M3$589.0K3
Cost of revenue$169.1K4$10.2K5$14.3K6$183.5K7$708.6K8$3.4M3$1.1M3
Gross profit$51.7K4$22.8K5$27.6K6-$2.0K7-$257.4K8$280.5K3-$530.2K3
Research and development$108.8K7$2.4K7
Operating expenses$1.9M3
Operating income-$1.5M4-$2.7M5-$1.6M6-$268.3K7-$1.9M8-$1.2M3-$2.4M3
Interest$1.2M4$2.9M5$1.2M6$98.2K7$571.0K8$2.1M3$1.7M3
Income before tax-$5.5M3
Income tax$8004$8005$8006$8006
Net income-$2.6M4-$6.8M5$2.9M6-$366.5K7-$4.6M8-$4.1M3-$5.5M3
Earnings per share-$0.645$0.216-$0.256-$0.0111
Earnings per share (diluted)-$0.0112-$0.645$0.186-$0.256

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What it owns

What Grapefruit USA, 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, net$1.8M3 Dec 31, 2021$1.8M3 Dec 31, 2020−1.2%
Operating-lease assets (leased space)$74.9K3 Dec 31, 2021$131.8K3 Dec 31, 2020−43.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.1K3 Dec 31, 2021$299.9K3 Dec 31, 2020−97.0%
Long-term investments$169.9K3 Dec 31, 2020$169.9K8 Dec 31, 20190%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$250.0K3 Dec 31, 2021$013 Dec 31, 2013

Inventory

ItemLatestA year beforeChange
Inventory, total$389.3K3 Dec 31, 2021$502.1K3 Dec 31, 2020−22.5%
Raw materials$85.0K3 Dec 31, 2021$16.9K3 Dec 31, 2020+402.9%
Work in process$23.6K3 Dec 31, 2020$07 Dec 31, 2019
Finished goods$304.3K3 Dec 31, 2021$461.7K3 Dec 31, 2020−34.1%

Leadership

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

Chief executive

  1. Dean Janes2008–2012
  2. Dane Medley2017
  3. Bradley J. Yourist2021–2022

Chair

  1. Dane Medley2017
  2. Bradley J. Yourist2021–2022

President

  1. Christopher Sohn2008–2011

Chief financial officer

  1. Xavier Aguilera2008
  2. Emilio Xavier Aguilera2017

Chief operating officer

  1. Christopher Sohn2008–2011
  2. Daniel J. Yourist2021–2022
2010201520202025
Board members and other officers (7)

Former names

  • IMAGING3 INCNov 19, 2002 to Jan 23, 20202

Timeline

  1. Dec 21, 20228-K Change of auditor24
  2. Oct 20, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed25
  3. Jul 5, 20228-K Entered a material agreement26
  4. Mar 28, 20228-K Entered a material agreement27
  5. Jan 24, 20228-K Earlier financial statements no longer reliable28
  6. Oct 15, 20218-K Entered a material agreement29
  7. Jun 16, 2021New chief executive Bradley J. Yourist becomes CEO14
  8. Jan 25, 2017New chief executive Dane Medley becomes CEO15
  9. Mar 3, 2008New chief executive Dean Janes becomes CEO16

Filings

42 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 6 major events, 21 insider forms, 9 other. The latest 20:

  1. Apr 17, 202315-12G EDGAR
  2. Mar 30, 2023NT 10-K EDGAR
  3. Dec 21, 20228-K EDGAR
  4. Nov 28, 2022PRE 14C EDGAR
  5. Nov 18, 202210-Q EDGAR
  6. Nov 15, 2022NT 10-Q EDGAR
  7. Oct 20, 20228-K EDGAR
  8. Aug 22, 202210-Q EDGAR
  9. Aug 19, 2022SEC STAFF ACTION EDGAR
  10. Aug 16, 2022NT 10-Q EDGAR
  11. Jul 5, 20228-K EDGAR
  12. May 20, 202210-Q EDGAR
  13. May 17, 2022NT 10-Q EDGAR
  14. Apr 18, 202210-K/A EDGAR
  15. Apr 15, 202210-K EDGAR
  16. Apr 1, 2022NT 10-K EDGAR
  17. Mar 28, 20228-K EDGAR
  18. Mar 8, 20224 EDGAR
  19. Mar 7, 20224 EDGAR
  20. Feb 17, 20224 EDGAR

The 42 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.

Insider trades

29 open-market trades by officers, directors and large owners since October 2021: 0 buys and 29 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 4, 2022Yourist Bradley JChairman and CEOSale100,000$0.02$2.0KForm 4
Mar 3, 2022Yourist Daniel J.COOSale100,000$0.03$3.0KForm 4
Feb 15, 2022Yourist Bradley JChairman and CEOSale100,000$0.03$3.0KForm 4
Feb 1, 2022Yourist Bradley JChairman and CEOSale100,000$0.02$2.0KForm 4
Jan 18, 2022Yourist Daniel J.COOSale100,000$0.02$2.0KForm 4
Jan 18, 2022Yourist Bradley JChairman and CEOSale100,000$0.02$2.0KForm 4
Dec 23, 2021Yourist Daniel J.COOSale100,000$0.03$3.0KForm 4
Dec 23, 2021Yourist Bradley JChairman and CEOSale100,000$0.03$3.0KForm 4
Dec 15, 2021Yourist Bradley JChairman and CEOSale100,000$0.03$3.0KForm 4
Dec 15, 2021Yourist Daniel J.COOSale100,000$0.03$3.0KForm 4
Dec 9, 2021Yourist Daniel J.COOSale88,359$0.03$2.7KForm 4
Dec 9, 2021Yourist Bradley JChairman and CEOSale100,000$0.03$3.0KForm 4
Dec 3, 2021Yourist Bradley JChairman and CEOSale58,457$0.03$1.8KForm 4
Nov 29, 2021Yourist Daniel J.COOSale144,000$0.03$4.3KForm 4
Nov 26, 2021Yourist Bradley JChairman and CEOSale100,000$0.03$3.0KForm 4
Nov 24, 2021Yourist Daniel J.COOSale56,145$0.03$1.7KForm 4
Nov 16, 2021Yourist Bradley JChairman and CEOSale35,500$0.04$1.4KForm 4
Nov 15, 2021Yourist Daniel J.COOSale100,000$0.04$4.0KForm 4
Nov 15, 2021Yourist Bradley JChairman and CEOSale64,500$0.04$2.6KForm 4
Nov 15, 2021Yourist Daniel J.COOSale100,000$0.04$4.0KForm 4

All 29 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

SEC filer profile

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

  • Name on EDGARGrapefruit USA, Inc1
  • CIK0001205181
  • Employer ID (EIN)95-44510591
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inCalifornia1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3844 X-Ray Apparatus & Tubes & Related Irradiation Apparatus1
  • Business address10866 Wilshire Blvd., Los Angeles, CA 900241
  • Phone310-205-13821
  • Shares outstanding717,402,185 as of Nov 18, 202211
  • Public float$15.4M as of Apr 1, 20223
  • On EDGAR sinceNov 19, 20021
  • Filings393 in all: 8-K (68), 10-Q (45), 4 (45), NT 10-Q (19), D (16), 10-Q/A (15), 10-K (14), NT 10-K (13)1
    All 47 form types

    UPLOAD (13), 10-K/A (10), CORRESP (10), PRER14A (10), SB-2/A (8), SC 13G (8), 10QSB (7), 3 (7), 4/A (7), REGDEX (7), S-3/A (6), S-8 (6), 8-K/A (5), RW (4), S-1/A (4), SC 13D (4), SC 13G/A (4), 10KSB (3), 424B3 (3), PRE 14A (3), 10KSB/A (2), 15-12G (2), DEF 14A (2), DEFA14A (2), EFFECT (2), POS AM (2), PRE 14C (2), S-1 (2), SB-2 (2), SC 13D/A (2), 10QSB/A (1), 10SB12G (1), 10SB12G/A (1), 8-A12G (1), DEL AM (1), S-3 (1), S-8 POS (1), SC 14F1 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2022
    Quarterly report (10-Q) Nov 18, 2022
    Proxy statement (DEF 14A) Oct 3, 2017
    Latest 8-K (8-K) Dec 21, 2022

Sources

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