Marijuana Co of America, Inc. (MCOA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
633 W. 5TH STREET LOS ANGELES, CA 90071 |
| State of Incorp. | UT |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 104 | 314 | 239 | 1,170 | 250 | |||
| Cash and cash equivalents | 104 | 75 | 212 | 360 | 250 | |||
| Short-term investments | 239 | 27 | 810 | |||||
| Receivables | 211 | 9 | 18 | 46 | 5 | |||
| Inventory, net of allowances, customer advances and progress billings | 252 | 103 | 149 | 187 | 164 | |||
| Inventory | 252 | 103 | 149 | 187 | 164 | |||
| Prepaid expense | 62 | 56 | ||||||
| Other current assets | 2,134 | 56 | 11 | 94 | ||||
| Total current assets: | 2,763 | 538 | 418 | 1,497 | 418 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8 | 22 | ✕ | ✕ | ||||
| Property, plant and equipment | 122 | 7 | 8 | 12 | 14 | |||
| Long-term investments and receivables | 2,327 | 1,552 | 694 | 408 | ||||
| Long-term investments | 2,327 | 1,552 | 694 | 408 | ||||
| Intangible assets, net (including goodwill) | 2,744 | |||||||
| Goodwill | 1,634 | |||||||
| Intangible assets, net (excluding goodwill) | 1,110 | |||||||
| Other undisclosed noncurrent assets | 5 | 3 | 3 | 3 | 698 | |||
| Total noncurrent assets: | 5,197 | 1,569 | 726 | 423 | 712 | |||
| TOTAL ASSETS: | 7,960 | 2,106 | 1,144 | 1,920 | 1,130 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 197 | 962 | 1,355 | 1,088 | 347 | |||
| Interest and dividends payable | ✕ | 40 | ||||||
| Employee-related liabilities | ✕ | 43 | 79 | 5 | 454 | |||
| Accounts payable | 933 | 481 | 798 | 416 | 307 | |||
| Accrued liabilities | 271 | 401 | 552 | 217 | ||||
| Other undisclosed accounts payable and accrued liabilities | (1,049) | |||||||
| Debt | 3,769 | 1,462 | 3,194 | 290 | 1,500 | |||
| Derivative instruments and hedges, liabilities | 750 | 4,426 | 5,693 | 2,257 | 1,934 | |||
| Due to related parties | 20 | 40 | 40 | 287 | 543 | |||
| Other undisclosed current liabilities | 2,992 | 678 | 1,464 | 1,133 | 6,254 | |||
| Total current liabilities: | 7,729 | 7,568 | 11,745 | 5,054 | 10,578 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 173 | |||||||
| Long-term debt, excluding current maturities | 173 | |||||||
| Liabilities, other than long-term debt | 697 | |||||||
| Derivative instruments and hedges, liabilities | 697 | |||||||
| Total noncurrent liabilities: | 870 | |||||||
| Total liabilities: | 7,729 | 7,568 | 11,745 | 5,054 | 11,448 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 231 | (5,461) | (10,609) | (3,134) | (10,318) | |||
| Preferred stock | 10 | 10 | 10 | |||||
| Common stock | 7,123 | 3,137 | 78 | 2,561 | 2,103 | |||
| Common stock, value, subscriptions | 90 | |||||||
| Additional paid in capital | 89,608 | 77,688 | 63,467 | 48,189 | 30,457 | |||
| Accumulated other comprehensive loss | (12) | |||||||
| Accumulated deficit | (96,501) | (86,310) | (74,164) | (53,984) | (42,888) | |||
| Other undisclosed equity, attributable to parent | 13 | 24 | ||||||
| Other undisclosed equity | 8 | |||||||
| Total equity: | 231 | (5,461) | (10,601) | (3,134) | (10,318) | |||
| TOTAL LIABILITIES AND EQUITY: | 7,960 | 2,106 | 1,144 | 1,920 | 1,130 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,030 | 281 | 695 | 252 | 27 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 27 | |
| Cost of revenue | (873) | (159) | (249) | (81) | (14) | ||
| Gross profit: | 157 | 121 | 447 | 171 | 13 | ||
| Operating expenses | (4,868) | (4,976) | (6,917) | (3,986) | (23,568) | ||
| Operating loss: | (4,711) | (4,855) | (6,471) | (3,815) | (23,555) | ||
| Nonoperating expense | (5,480) | (7,290) | (13,710) | (7,281) | (9,887) | ||
| Interest and debt expense | (4,710) | 78 | (3,771) | (1,343) | 347 | ||
| Loss from continuing operations: | (14,901) | (12,068) | (23,951) | (12,439) | (33,095) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (14,901) | (12,068) | (23,951) | (12,439) | (33,095) | |
| Other undisclosed net income | 4,698 | ||||||
| Net loss: | (10,203) | (12,068) | (23,951) | (12,439) | (33,095) | ||
| Other undisclosed net income (loss) attributable to parent | 12 | (78) | 3,771 | 1,343 | (347) | ||
| Net loss available to common stockholders, diluted: | (10,191) | (12,145) | (20,180) | (11,096) | (33,442) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (10,203) | (12,068) | (23,951) | (12,439) | (33,095) | ||
| Other comprehensive income | 12 | ||||||
| Comprehensive loss: | (10,191) | (12,068) | (23,951) | (12,439) | (33,095) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (7) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (10,199) | (12,068) | (23,951) | (12,439) | (33,095) | ||
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.