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 1043142391,170250
Cash and cash equivalents 10475212360250
Short-term investments  23927810 
Receivables 211918465
Inventory, net of allowances, customer advances and progress billings 252103149187164
Inventory 252103149187164
Prepaid expense 6256   
Other current assets 2,134561194 
Total current assets: 2,7635384181,497418
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  822
Property, plant and equipment 122781214
Long-term investments and receivables 2,3271,552694408 
Long-term investments 2,3271,552694408 
Intangible assets, net (including goodwill) 2,744    
Goodwill 1,634    
Intangible assets, net (excluding goodwill) 1,110    
Other undisclosed noncurrent assets 5333698
Total noncurrent assets: 5,1971,569726423712
TOTAL ASSETS: 7,9602,1061,1441,9201,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1979621,3551,088347
Interest and dividends payable    40
Employee-related liabilities43795454 
Accounts payable 933481798416307
Accrued liabilities 271401552217 
Other undisclosed accounts payable and accrued liabilities (1,049)    
Debt 3,7691,4623,1942901,500
Derivative instruments and hedges, liabilities 7504,4265,6932,2571,934
Due to related parties 204040287543
Other undisclosed current liabilities 2,9926781,4641,1336,254
Total current liabilities: 7,7297,56811,7455,05410,578
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: 7,7297,56811,7455,05411,448
Equity
Equity, attributable to parent, including: 231(5,461)(10,609)(3,134)(10,318)
Preferred stock   101010
Common stock 7,1233,137782,5612,103
Common stock, value, subscriptions    90 
Additional paid in capital 89,60877,68863,46748,18930,457
Accumulated other comprehensive loss (12)    
Accumulated deficit (96,501)(86,310)(74,164)(53,984)(42,888)
Other undisclosed equity, attributable to parent 1324   
Other undisclosed equity   8  
Total equity: 231(5,461)(10,601)(3,134)(10,318)
TOTAL LIABILITIES AND EQUITY: 7,9602,1061,1441,9201,130

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 1,03028169525227
Revenue, net27
Cost of revenue (873)(159)(249)(81)(14)
Gross profit: 15712144717113
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)3,7711,343(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.

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