Pacific Ventures Group, Inc. (PACV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
117 WEST 9TH STREET SUITE 316 LOS ANGELES, CA 90015 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | (2) | 321 | 260 | 690 | 541 | 211 | |||
| Cash and cash equivalents | (2) | 321 | 260 | 690 | 541 | 211 | |||
| Receivables | 751 | 664 | 1,130 | 1,092 | 1,175 | 1,286 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,176 | 1,173 | 899 | 1,414 | 1,987 | 1,676 | |||
| Inventory | 1,176 | 1,173 | 899 | 1,414 | 1,987 | 1,676 | |||
| Deposits current assets | 17 | 17 | 17 | 17 | 17 | 17 | |||
| Other current assets | 34 | 34 | 34 | 34 | 101 | 34 | |||
| Other undisclosed current assets | 171 | 189 | 267 | 195 | 213 | 231 | |||
| Total current assets: | 2,148 | 2,398 | 2,607 | 3,443 | 4,033 | 3,455 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 185 | 185 | 125 | 374 | 374 | 374 | |||
| Property, plant and equipment | 487 | 539 | 592 | 663 | 735 | 807 | |||
| Intangible assets, net (including goodwill), including: | 2,758 | 2,811 | 2,865 | 3,090 | 3,143 | 3,196 | |||
| Goodwill | 370 | ||||||||
| Intangible assets, net (excluding goodwill) | 2,758 | 2,811 | 2,865 | 3,090 | 3,143 | 3,196 | |||
| Other undisclosed intangible assets, net (including goodwill) | (370) | ||||||||
| Deposits noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 6 | 5 | 6 | 6 | 6 | 6 | |||
| Total noncurrent assets: | 3,436 | 3,541 | 3,587 | 4,133 | 4,258 | 4,383 | |||
| TOTAL ASSETS: | 5,584 | 5,939 | 6,193 | 7,576 | 8,291 | 7,838 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,539 | 5,621 | 5,419 | 5,467 | 5,095 | 5,312 | |||
| Accounts payable | 4,804 | 3,999 | 3,779 | 3,854 | 3,565 | 3,793 | |||
| Accrued liabilities | 1,735 | 1,621 | 1,639 | 1,613 | 1,531 | 1,520 | |||
| Debt | 596 | 677 | 5,340 | 4,538 | 4,525 | 2,809 | |||
| Due to related parties | ✕ | ✕ | ✕ | 460 | |||||
| Other undisclosed current liabilities | 4,335 | 5,041 | 291 | 222 | 247 | 269 | |||
| Total current liabilities: | 11,470 | 11,338 | 11,049 | 10,226 | 9,867 | 8,851 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15,792 | 15,325 | 14,879 | 14,684 | 14,413 | 14,507 | |||
| Long-term debt, excluding current maturities | 15,792 | 15,325 | 14,879 | 14,320 | 14,049 | 14,143 | |||
| Liabilities, other than long-term debt | 174 | 174 | 114 | 42 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 42 | |||||
| Operating lease, liability | 174 | 174 | 114 | 363 | 363 | 363 | |||
| Other undisclosed noncurrent liabilities | (363) | (363) | |||||||
| Total noncurrent liabilities: | 15,966 | 15,499 | 14,994 | 14,684 | 14,413 | 14,549 | |||
| Other undisclosed liabilities | (0) | (0) | |||||||
| Total liabilities: | 27,436 | 26,838 | 26,042 | 24,910 | 24,279 | 23,400 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (21,852) | (20,899) | (19,849) | (17,334) | (15,988) | (15,562) | |||
| Common stock | 1,374 | 1,038 | 1,038 | 900 | 111,038 | 19,063 | |||
| Additional paid in capital | 7,952 | 8,081 | 8,081 | 8,036 | (102,430) | (12,313) | |||
| Accumulated deficit | (31,182) | (30,021) | (28,971) | (26,273) | (24,601) | (22,316) | |||
| Other undisclosed equity, attributable to parent | 4 | 4 | 4 | 4 | 4 | 4 | |||
| Other undisclosed equity | (0) | (0) | (0) | (0) | |||||
| Total equity: | (21,852) | (20,899) | (19,849) | (17,334) | (15,988) | (15,562) | |||
| TOTAL LIABILITIES AND EQUITY: | 5,584 | 5,939 | 6,193 | 7,576 | 8,291 | 7,838 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,375 | 7,694 | 9,069 | 9,919 | 10,534 | 10,385 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (6,496) | (6,399) | (8,151) | (8,748) | (8,996) | (8,701) | ||
| Other undisclosed gross profit | (0) | |||||||
| Gross profit: | 879 | 1,295 | 918 | 1,171 | 1,538 | 1,684 | ||
| Operating expenses | (1,453) | (1,542) | (2,244) | (1,990) | (2,437) | (1,811) | ||
| Other undisclosed operating loss | (0) | |||||||
| Operating loss: | (574) | (246) | (1,326) | (819) | (899) | (126) | ||
| Interest and debt expense | (742) | (820) | (1,130) | (952) | (1,427) | (979) | ||
| Loss from continuing operations before equity method investments, income taxes: | (1,316) | (1,067) | (2,455) | (1,771) | (2,326) | (1,105) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 0 | (0) | 0 | |||||
| Loss from continuing operations: | (1,316) | (1,067) | (2,455) | (1,771) | (2,326) | (1,105) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,771) | (2,326) | (1,105) | |
| Net loss: | (1,316) | (1,067) | (2,455) | (1,771) | (2,326) | (1,105) | ||
| Other undisclosed net income (loss) attributable to parent | 146 | 17 | (243) | 158 | 41 | 25 | ||
| Net income (loss) available to common stockholders, diluted: | (1,170) | (1,050) | (2,698) | (1,613) | (2,285) | (1,080) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,316) | (1,067) | (2,455) | (1,771) | (2,326) | (1,105) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,316) | (1,067) | (2,455) | (1,771) | (2,326) | (1,105) | ||
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.