Healthier Choices Management Corp. (HCMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 3800 NORTH 28TH WAY
HOLLYWOOD, FL 33020
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 21 - Tobacco Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,92226,5209483,5497,1527,883
Cash and cash equivalents22,91226,4969253,5257,0617,883
Short-term investments1023232491 
Restricted cash and investments1,778     
Receivables24527624655276
Inventory, net of allowances, customer advances and progress billings3,8171,5211,7491,7571,865862
Inventory3,8171,5211,7491,7571,865862
Other current assets1,224    41
Other undisclosed current assets32245628627043592
Total current assets:30,30828,7743,0075,6429,5048,954
Noncurrent Assets
Operating lease, right-of-use asset10,6053,5444,0794,663
Property, plant and equipment3,113177231332497590
Long-term investments and receivables   305343528 
Due from related parties  305343528 
Intangible assets, net (including goodwill)10,7531,8642,1642,8794,5002,041
Goodwill5,7479169169561,437481
Intangible assets, net (excluding goodwill)5,0069481,2481,9233,0621,560
Other noncurrent assets4768590147144117
Other undisclosed noncurrent assets   2,000   
Total noncurrent assets:24,9475,6708,8688,3655,6692,748
TOTAL ASSETS:55,25534,44311,87514,00715,17311,701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,7151,6431,0868261,3011,051
Accounts payable      512
Accrued liabilities      538
Other undisclosed accounts payable and accrued liabilities5,7151,6431,0868261,301 
Deferred revenue199232127
Debt5374214,0722,8382,1512
Derivative instruments and hedges, liabilities     1,72310,232
Business combination, contingent consideration, liability 775     
Other undisclosed current liabilities2,682437475 443 
Total current liabilities:9,9072,5245,6543,6915,61811,284
Noncurrent Liabilities
Long-term debt and lease obligation2,3782,6863,9644,4141,12810
Long-term debt, excluding current maturities2,37818498691,12810
Liabilities, other than long-term debt8,042     
Operating lease, liability8,0422,6853,1153,545
Other undisclosed noncurrent liabilities  (2,685)(3,115)   
Total noncurrent liabilities:10,4202,6863,9644,4141,12810
Total liabilities:20,3275,2109,6188,1056,74611,295
Temporary equity, carrying amount14,722     
Equity
Equity, attributable to parent, including:20,20629,2342,2575,9028,427407
Preferred stock 800  20,15020,150 
Common stock33,97433,97414,3846,7706,6622,935
Additional paid in capital29,04630,8563,9557,6187,34810,080
Accumulated deficit(43,614)(36,396)(32,359)(28,636)(25,734)(12,609)
Other undisclosed equity, attributable to parent  80016,277   
Total equity:20,20629,2342,2575,9028,427407
TOTAL LIABILITIES AND EQUITY:55,25534,44311,87514,00715,17311,701

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues29,26713,32013,92115,11414,64712,961
Revenue, net12,961
Cost of revenue
(Cost of Goods and Services Sold)
(1,507)(708)  (281)(392)
Other undisclosed gross profit(17,536)(7,320)(8,144)(8,630)(7,201)(6,290)
Gross profit:10,2245,2935,7776,4847,1656,279
Operating expenses(18,877)(10,033)(9,226)(10,899)(10,147)(16,556)
Operating loss:(8,653)(4,740)(3,448)(4,414)(2,982)(10,277)
Nonoperating income (expense)1,435703(274)1,615(10,181)133
Investment income, nonoperating(13)0(1)4249(65)
Other nonoperating income (expense)1,246(0)025475198
Interest and debt expense  768(273)(171)(10,697) 
Loss from continuing operations:(7,218)(3,270)(3,995)(2,971)(23,860)(10,143)
Loss before gain (loss) on sale of properties:(3,270)(3,995)(2,971)(23,860)(10,143)
Net loss:(7,218)(3,270)(3,995)(2,971)(23,860)(10,143)
Other undisclosed net income (loss) attributable to parent  (768)27317110,697281
Net loss attributable to parent:(7,218)(4,037)(3,722)(2,799)(13,163)(9,862)
Preferred stock dividends and other adjustments      
Net loss available to common stockholders, diluted:(7,218)(4,037)(3,722)(2,799)(13,163)(9,862)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(7,218)(3,270)(3,995)(2,971)(23,860)(10,143)
Comprehensive loss, net of tax, attributable to parent:(7,218)(3,270)(3,995)(2,971)(23,860)(10,143)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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