Healthier Choices Management Corp. (HCMC) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,922 | 30,026 | 19,352 | 20,614 | 26,520 | 28,206 | 29,373 | ||
| Cash and cash equivalents | 22,912 | 30,009 | 19,323 | 20,588 | 26,496 | 28,172 | 29,339 | ||
| Short-term investments | 10 | 17 | 28 | 27 | 23 | 34 | 34 | ||
| Restricted cash and investments | 1,778 | 1,325 | |||||||
| Receivables | 245 | 259 | 251 | 272 | 276 | 58 | 54 | ||
| Inventory, net of allowances, customer advances and progress billings | 3,817 | 2,402 | 2,441 | 2,370 | 1,521 | 1,944 | 1,907 | ||
| Inventory | 3,817 | 2,402 | 2,441 | 2,370 | 1,521 | 1,944 | 1,907 | ||
| Other current assets | 1,224 | ||||||||
| Other undisclosed current assets | 322 | 296 | 244 | 299 | 456 | 298 | 268 | ||
| Total current assets: | 30,308 | 34,308 | 22,289 | 23,555 | 28,774 | 30,506 | 31,602 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,605 | 4,786 | 4,964 | 5,164 | 3,544 | 3,678 | 3,813 | ||
| Property, plant and equipment | 3,113 | 1,528 | 1,555 | 1,532 | 177 | 195 | 206 | ||
| Long-term investments and receivables | 264 | 277 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 264 | 277 | |||||||
| Intangible assets, net (including goodwill) | 10,753 | 4,740 | 4,905 | 5,070 | 1,864 | 1,886 | 1,969 | ||
| Goodwill | 5,747 | 2,657 | 2,657 | 2,657 | 916 | 916 | 916 | ||
| Intangible assets, net (excluding goodwill) | 5,006 | 2,083 | 2,248 | 2,413 | 948 | 970 | 1,053 | ||
| Other noncurrent assets | 476 | 109 | 119 | 113 | 85 | 85 | 86 | ||
| Total noncurrent assets: | 24,947 | 11,163 | 11,543 | 11,879 | 5,670 | 6,109 | 6,351 | ||
| TOTAL ASSETS: | 55,255 | 45,470 | 33,832 | 35,435 | 34,443 | 36,615 | 37,953 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,715 | 3,203 | 2,171 | 2,059 | 1,643 | 1,097 | 1,965 | ||
| Other undisclosed accounts payable and accrued liabilities | 5,715 | 3,203 | 2,171 | 2,059 | 1,643 | 1,097 | 1,965 | ||
| Deferred revenue | 199 | 57 | 56 | 244 | 23 | 21 | 19 | ||
| Debt | 537 | 455 | 455 | 456 | 421 | 283 | 283 | ||
| Business combination, contingent consideration, liability | 775 | ||||||||
| Other undisclosed current liabilities | 2,682 | 534 | 563 | 607 | 437 | 469 | 472 | ||
| Total current liabilities: | 9,907 | 4,250 | 3,246 | 3,366 | 2,524 | 1,869 | 2,738 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,378 | 3,886 | 4,016 | 4,153 | 2,686 | 3,041 | 3,226 | ||
| Long-term debt, excluding current maturities | 2,378 | 0 | 1 | 269 | 339 | ||||
| Liabilities, other than long-term debt | 8,042 | ||||||||
| Operating lease, liability | 8,042 | 3,886 | 4,016 | 4,153 | 2,685 | 2,772 | 2,887 | ||
| Other undisclosed noncurrent liabilities | (3,886) | (4,016) | (4,153) | (2,685) | (2,772) | (2,887) | |||
| Total noncurrent liabilities: | 10,420 | 3,886 | 4,016 | 4,153 | 1 | 3,041 | 3,226 | ||
| Total liabilities: | 20,327 | 8,135 | 7,262 | 7,519 | 5,210 | 4,910 | 5,965 | ||
| Temporary equity, carrying amount | 14,722 | 14,722 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 20,206 | 22,613 | 26,570 | 27,916 | 29,234 | 31,705 | 31,989 | ||
| Preferred stock | 800 | 800 | |||||||
| Common stock | 33,974 | 33,974 | 33,974 | 33,974 | 33,974 | 33,974 | 33,318 | ||
| Additional paid in capital | 29,046 | 28,974 | 30,856 | 30,856 | 30,856 | 30,856 | 26,546 | ||
| Accumulated deficit | (43,614) | (41,135) | (39,060) | (37,714) | (36,396) | (33,925) | (32,875) | ||
| Other undisclosed equity, attributable to parent | 800 | 800 | 800 | 800 | 5,000 | ||||
| Total equity: | 20,206 | 22,613 | 26,570 | 27,916 | 29,234 | 31,705 | 31,989 | ||
| TOTAL LIABILITIES AND EQUITY: | 55,255 | 45,470 | 33,832 | 35,435 | 34,443 | 36,615 | 37,953 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,310 | 5,777 | 6,132 | 5,049 | 3,199 | 3,270 | 3,386 | |
| Cost of revenue (Cost of Goods and Services Sold) | (974) | (41) | ||||||
| Other undisclosed gross profit | (7,282) | (3,910) | (3,801) | (3,035) | (2,237) | (1,893) | (1,922) | |
| Gross profit: | 4,054 | 1,867 | 2,331 | 1,973 | 962 | 1,376 | 1,464 | |
| Operating expenses | (7,865) | (3,985) | (3,699) | (3,327) | (3,434) | (2,427) | (2,149) | |
| Operating loss: | (3,812) | (2,118) | (1,368) | (1,355) | (2,472) | (1,051) | (685) | |
| Nonoperating income | 1,332 | 43 | 23 | 37 | 1 | 1 | 865 | |
| Investment income, nonoperating | (7) | (11) | 2 | 4 | (1) | (15) | ||
| Other nonoperating income | 1,219 | 4 | 6 | 17 | ||||
| Interest and debt expense | 829 | 885 | ||||||
| Income (loss) from continuing operations: | (2,479) | (2,075) | (1,346) | (1,318) | (1,642) | (1,050) | 1,065 | |
| Income (loss) before gain (loss) on sale of properties: | ✕ | (2,075) | (1,346) | (1,318) | (1,642) | (1,050) | 1,065 | |
| Net income (loss): | (2,479) | (2,075) | (1,346) | (1,318) | (1,642) | (1,050) | 1,065 | |
| Other undisclosed net loss attributable to parent | (829) | (885) | ||||||
| Net income (loss) available to common stockholders, diluted: | (2,479) | (2,075) | (1,346) | (1,318) | (2,471) | (1,050) | 180 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,479) | (2,075) | (1,346) | (1,318) | (1,642) | (1,050) | 1,065 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (2,479) | (2,075) | (1,346) | (1,318) | (1,642) | (1,050) | 1,065 | |
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.