Healthier Choices Management Corp. (HCMC) financial statements (2021 and earlier)

Company profile

Business Address 3800 NORTH 28TH WAY
HOLLYWOOD, FL 33020
State of Incorp. DE
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9483,5497,1527,88313,36627,215471
Cash and cash equivalents9253,5257,0617,88313,36627,215471
Short-term investments232491    
Receivables2465527626290704
Inventory, net of allowances, customer advances and progress billings1,7491,7571,8658627491,5302,049
Inventory1,7491,7571,8658627491,5302,049
Deferred costs      232
Disposal group, including discontinued operation    53  
Deferred tax assets    5,695
Other current assets   41   
Other undisclosed current assets28627043592124531(5,027)
Total current assets:3,0075,6429,5048,95414,31729,5664,125
Noncurrent Assets
Operating lease, right-of-use asset4,0794,663
Property, plant and equipment231332497590639410712
Long-term investments and receivables305343528    
Due from related parties305343528    
Intangible assets, net (including goodwill)2,1642,8794,5002,0412,1514,106 
Goodwill9169561,4374814813,177 
Intangible assets, net (excluding goodwill)1,2481,9233,0621,5601,669929 
Other noncurrent assets9014714411712816591
Other undisclosed noncurrent assets2,000      
Total noncurrent assets:8,8688,3655,6692,7482,9184,681803
TOTAL ASSETS:11,87514,00715,17311,70117,23534,2484,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0868261,3011,0511,3005,5272,898
Accounts payable   5125211,5811,920
Accrued liabilities   5387803,946975
Taxes payable      3
Other undisclosed accounts payable and accrued liabilities1,0868261,301    
Deferred revenue2127
Debt4,0722,8382,15125361698
Derivative instruments and hedges, liabilities  1,72310,232 41,090 
Due to related parties      156
Disposal group, including discontinued operation    556  
Customer advances and deposits  96141
Other undisclosed current liabilities475 443 12,868 104
Total current liabilities:5,6543,6915,61811,28414,77746,7733,997
Noncurrent Liabilities
Long-term debt and lease obligation3,9644,4141,12810 59119
Long-term debt, excluding current maturities8498691,12810   
Capital lease obligations   59119
Operating lease, liability3,1153,545
Other undisclosed noncurrent liabilities(3,115)      
Total noncurrent liabilities:3,9644,4141,12810 59119
Total liabilities:9,6188,1056,74611,29514,77746,8324,117
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2575,9028,4274072,458(12,584)812
Preferred stock 20,15020,150    
Common stock14,3846,7706,6622,935   
Additional paid in capital3,9557,6187,34810,0803,78384716,027
Accumulated deficit(32,359)(28,636)(25,734)(12,609)(2,747)(13,431)(15,232)
Other undisclosed stockholders' equity attributable to parent16,277   1,421017
Total stockholders' equity:2,2575,9028,4274072,458(12,584)812
TOTAL LIABILITIES AND EQUITY:11,87514,00715,17311,70117,23534,2484,928

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues13,92115,11414,64712,96110,56510,75015,280
Revenue, net12,96110,56510,75015,280
Cost of revenue
(Cost of Goods and Services Sold)
  (281)(392)(2,352)(442)(17,005)
Other undisclosed gross profit(8,144)(8,630)(7,201)(6,290)(2,980)(7,573)2,508
Gross profit:5,7776,4847,1656,2795,2332,735783
Operating expenses(9,226)(10,899)(10,147)(16,556)(14,096)(31,484)(13,501)
Operating loss:(3,448)(4,414)(2,982)(10,277)(8,862)(28,749)(12,718)
Nonoperating income (expense)(274)1,615(10,181)13321,13730,550(366)
Investment income, nonoperating(1)4249(65)   
Other nonoperating income025475198640  
Interest and debt expense(273)(171)(10,697) (15)(1,497)(349)
Income (loss) from continuing operations before equity method investments, income taxes:(3,995)(2,971)(23,860)(10,143)12,259304(13,434)
Other undisclosed income from continuing operations before income taxes     1,497349
Income (loss) from continuing operations before income taxes:(3,995)(2,971)(23,860)(10,143)12,2591,801(13,085)
Income tax expense (benefit)     8,640(767)
Net income (loss):(3,995)(2,971)(23,860)(10,143)12,25910,441(13,852)
Other undisclosed net income (loss) attributable to parent27317110,697281(1,574)(8,640) 
Net income (loss) attributable to parent:(3,722)(2,799)(13,163)(9,862)10,6841,801(13,852)
Other undisclosed net loss available to common stockholders, basic     (38,068) 
Net income (loss) available to common stockholders, diluted:(3,722)(2,799)(13,163)(9,862)10,684(36,267)(13,852)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,995)(2,971)(23,860)(10,143)12,25910,441(13,852)
Comprehensive income (loss), net of tax, attributable to parent:(3,995)(2,971)(23,860)(10,143)12,25910,441(13,852)

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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