West Coast Ventures Group Corp. (WCVC) financial statements (2021 and earlier)

Company profile

Business Address 6610 HOLMAN STREET
ARVADA, CO 80004
State of Incorp. NV
Fiscal Year End December 31
SIC 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7828813110  14
Cash and cash equivalents7828813110  14
Inventory, net of allowances, customer advances and progress billings38312020171716
Inventory38312020171716
Prepaid expense41431931181818
Disposal group, including discontinued operation2222222
Other undisclosed current assets55474632403240
Total current assets:21441121895786991
Noncurrent Assets
Operating lease, right-of-use asset1,5581,6251,212
Property, plant and equipment492517219234253241222
Other undisclosed noncurrent assets(1,249)(1,345)(947)250228202186
Total noncurrent assets:801797485485481443408
Other undisclosed assets1,4621,5371,074(120)(80)(64)(42)
TOTAL ASSETS:2,4772,7461,777460480448457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities804725685668996761561
Accounts payable10092866018015790
Accrued liabilities704634599608631604472
Settlement liabilities    185  
Debt9691,1389101,106853446728
Deferred rent credit   65525252
Derivative instruments and hedges, liabilities2,1141,6871,10220260791444
Due to related parties2445124118 9787
Disposal group, including discontinued operation482482482482482482482
Other undisclosed current liabilities1,31398837,7161919748343
Total current liabilities:5,7065,06641,0172,8312,5393,1122,395
Noncurrent Liabilities
Long-term debt and lease obligation1,3221,3971,060    
Operating lease, liability1,3221,3971,060
Liabilities, other than long-term debt, including:1,3221,3971,060 263  
Other undisclosed liabilities, other than long-term debt1,3221,3971,060 263  
Other undisclosed noncurrent liabilities(1,322)(1,397)(37,976)    
Total noncurrent liabilities:1,3221,397(35,855) 263  
Total liabilities:7,0286,4635,1622,8312,8023,1122,395
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,551)(3,717)(3,385)(2,371)(2,322)(2,663)(1,938)
Preferred stock1111111
Common stock77574134191432
Common stock, share subscribed but unissued, subscriptions receivable(55)(47)(46)(32)(40)(32)(40)
Additional paid in capital2,4152,1961,3581,2571,687864521
Accumulated deficit(7,043)(5,970)(4,784)(3,662)(4,029)(3,542)(2,492)
Other undisclosed stockholders' equity attributable to parent55474632403240
Total stockholders' equity:(4,551)(3,717)(3,385)(2,371)(2,322)(2,663)(1,938)
TOTAL LIABILITIES AND EQUITY:2,4772,7461,777460480448457

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Gross profit:981944840811807746691
Operating expenses(1,429)(1,471)(1,184)(1,044)(963)(999)(954)
Other operating income (expense), net
(Other Expenses)
(625)(659)(778)600(331)(686)(323)
Other undisclosed operating income (loss)625659778(600)331686323
Operating loss:(448)(526)(344)(233)(156)(253)(263)
Nonoperating income (expense)320265535(199)(408)520(114)
Investment income, nonoperating264208535 (408)520(114)
Debt instrument, convertible, beneficial conversion feature5656     
Interest and debt expense361398261(143)(105)166(14)
Net income (loss):234137452(576)(669)433(391)
Other undisclosed net income (loss) attributable to parent(1,306)(1,322)(1,574)943182(1,372)(195)
Net income (loss) available to common stockholders, diluted:(1,073)(1,186)(1,122)367(486)(939)(586)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):234137452(576)(669)433(391)
Comprehensive income (loss), net of tax, attributable to parent:234137452(576)(669)433(391)

Statements sources

The financial statements are based on the company's filings with the 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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