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 investments | 78 | 288 | 131 | 10 | 14 | ||||
| Cash and cash equivalents | 78 | 288 | 131 | 10 | 14 | ||||
| Inventory, net of allowances, customer advances and progress billings | 38 | 31 | 20 | 20 | 17 | 17 | 16 | ||
| Inventory | 38 | 31 | 20 | 20 | 17 | 17 | 16 | ||
| Prepaid expense | 41 | 43 | 19 | 31 | 18 | 18 | 18 | ||
| Disposal group, including discontinued operation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Other undisclosed current assets | 55 | 47 | 46 | 32 | 40 | 32 | 40 | ||
| Total current assets: | 214 | 411 | 218 | 95 | 78 | 69 | 91 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,558 | 1,625 | 1,212 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 492 | 517 | 219 | 234 | 253 | 241 | 222 | ||
| Other undisclosed noncurrent assets | (1,249) | (1,345) | (947) | 250 | 228 | 202 | 186 | ||
| Total noncurrent assets: | 801 | 797 | 485 | 485 | 481 | 443 | 408 | ||
| Other undisclosed assets | 1,462 | 1,537 | 1,074 | (120) | (80) | (64) | (42) | ||
| TOTAL ASSETS: | 2,477 | 2,746 | 1,777 | 460 | 480 | 448 | 457 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 804 | 725 | 685 | 668 | 996 | 761 | 561 | ||
| Accounts payable | 100 | 92 | 86 | 60 | 180 | 157 | 90 | ||
| Accrued liabilities | 704 | 634 | 599 | 608 | 631 | 604 | 472 | ||
| Settlement liabilities | 185 | ||||||||
| Debt | 969 | 1,138 | 910 | 1,106 | 853 | 446 | 728 | ||
| Deferred rent credit | 65 | 52 | 52 | 52 | |||||
| Derivative instruments and hedges, liabilities | 2,114 | 1,687 | 1,102 | 202 | 60 | 791 | 444 | ||
| Due to related parties | 24 | 45 | 124 | 118 | 97 | 87 | |||
| Disposal group, including discontinued operation | 482 | 482 | 482 | 482 | 482 | 482 | 482 | ||
| Other undisclosed current liabilities | 1,313 | 988 | 37,716 | 191 | 97 | 483 | 43 | ||
| Total current liabilities: | 5,706 | 5,066 | 41,017 | 2,831 | 2,539 | 3,112 | 2,395 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,322 | 1,397 | 1,060 | ||||||
| Operating lease, liability | 1,322 | 1,397 | 1,060 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt, including: | 1,322 | 1,397 | 1,060 | 263 | |||||
| Other undisclosed liabilities, other than long-term debt | 1,322 | 1,397 | 1,060 | 263 | |||||
| Other undisclosed noncurrent liabilities | (1,322) | (1,397) | (37,976) | ||||||
| Total noncurrent liabilities: | 1,322 | 1,397 | (35,855) | 263 | |||||
| Total liabilities: | 7,028 | 6,463 | 5,162 | 2,831 | 2,802 | 3,112 | 2,395 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (4,551) | (3,717) | (3,385) | (2,371) | (2,322) | (2,663) | (1,938) | ||
| Preferred stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Common stock | 77 | 57 | 41 | 34 | 19 | 14 | 32 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | (55) | (47) | (46) | (32) | (40) | (32) | (40) | ||
| Additional paid in capital | 2,415 | 2,196 | 1,358 | 1,257 | 1,687 | 864 | 521 | ||
| Accumulated deficit | (7,043) | (5,970) | (4,784) | (3,662) | (4,029) | (3,542) | (2,492) | ||
| Other undisclosed stockholders' equity attributable to parent | 55 | 47 | 46 | 32 | 40 | 32 | 40 | ||
| Total stockholders' equity: | (4,551) | (3,717) | (3,385) | (2,371) | (2,322) | (2,663) | (1,938) | ||
| TOTAL LIABILITIES AND EQUITY: | 2,477 | 2,746 | 1,777 | 460 | 480 | 448 | 457 | ||
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: | 981 | 944 | 840 | 811 | 807 | 746 | 691 | |
| 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) | 625 | 659 | 778 | (600) | 331 | 686 | 323 | |
| Operating loss: | (448) | (526) | (344) | (233) | (156) | (253) | (263) | |
| Nonoperating income (expense) | 320 | 265 | 535 | (199) | (408) | 520 | (114) | |
| Investment income, nonoperating | 264 | 208 | 535 | (408) | 520 | (114) | ||
| Debt instrument, convertible, beneficial conversion feature | 56 | 56 | ||||||
| Interest and debt expense | 361 | 398 | 261 | (143) | (105) | 166 | (14) | |
| Net income (loss): | 234 | 137 | 452 | (576) | (669) | 433 | (391) | |
| Other undisclosed net income (loss) attributable to parent | (1,306) | (1,322) | (1,574) | 943 | 182 | (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): | 234 | 137 | 452 | (576) | (669) | 433 | (391) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 234 | 137 | 452 | (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.