Healthier Choices Management Corp. (HCMC) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,5209483,5497,1527,88313,36627,215
Cash and cash equivalents26,4969253,5257,0617,88313,36627,215
Short-term investments23232491   
Receivables2762465527626290
Inventory, net of allowances, customer advances and progress billings1,5211,7491,7571,8658627491,530
Inventory1,5211,7491,7571,8658627491,530
Disposal group, including discontinued operation     53 
Other current assets    41  
Other undisclosed current assets45628627043592124531
Total current assets:28,7743,0075,6429,5048,95414,31729,566
Noncurrent Assets
Operating lease, right-of-use asset3,5444,0794,663
Property, plant and equipment177231332497590639410
Long-term investments and receivables 305343528   
Due from related parties 305343528   
Intangible assets, net (including goodwill)1,8642,1642,8794,5002,0412,1514,106
Goodwill9169169561,4374814813,177
Intangible assets, net (excluding goodwill)9481,2481,9233,0621,5601,669929
Other noncurrent assets8590147144117128165
Other undisclosed noncurrent assets 2,000     
Total noncurrent assets:5,6708,8688,3655,6692,7482,9184,681
TOTAL ASSETS:34,44311,87514,00715,17311,70117,23534,248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6431,0868261,3011,0511,3005,527
Accounts payable    5125211,581
Accrued liabilities    5387803,946
Other undisclosed accounts payable and accrued liabilities1,6431,0868261,301   
Deferred revenue232127
Debt4214,0722,8382,15125361
Derivative instruments and hedges, liabilities   1,72310,232 41,090
Disposal group, including discontinued operation     556 
Customer advances and deposits  96
Other undisclosed current liabilities437475 443 12,868 
Total current liabilities:2,5245,6543,6915,61811,28414,77746,773
Noncurrent Liabilities
Long-term debt and lease obligation2,6863,9644,4141,12810 59
Long-term debt, excluding current maturities18498691,12810  
Capital lease obligations   59
Operating lease, liability2,6853,1153,545
Other undisclosed noncurrent liabilities(2,685)(3,115)     
Total noncurrent liabilities:2,6863,9644,4141,12810 59
Total liabilities:5,2109,6188,1056,74611,29514,77746,832
Stockholders' equity
Stockholders' equity attributable to parent, including:29,2342,2575,9028,4274072,458(12,584)
Preferred stock  20,15020,150   
Common stock33,97414,3846,7706,6622,935  
Additional paid in capital30,8563,9557,6187,34810,0803,783847
Accumulated deficit(36,396)(32,359)(28,636)(25,734)(12,609)(2,747)(13,431)
Other undisclosed stockholders' equity attributable to parent80016,277   1,4210
Total stockholders' equity:29,2342,2575,9028,4274072,458(12,584)
TOTAL LIABILITIES AND EQUITY:34,44311,87514,00715,17311,70117,23534,248

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,32013,92115,11414,64712,96110,56510,750
Revenue, net12,96110,56510,750
Cost of revenue
(Cost of Goods and Services Sold)
(708)  (281)(392)(2,352)(442)
Other undisclosed gross profit(7,320)(8,144)(8,630)(7,201)(6,290)(2,980)(7,573)
Gross profit:5,2935,7776,4847,1656,2795,2332,735
Operating expenses(10,033)(9,226)(10,899)(10,147)(16,556)(14,096)(31,484)
Operating loss:(4,740)(3,448)(4,414)(2,982)(10,277)(8,862)(28,749)
Nonoperating income (expense)703(274)1,615(10,181)13321,13730,550
Investment income, nonoperating0(1)4249(65)  
Other nonoperating income (expense)(0)025475198640 
Interest and debt expense768(273)(171)(10,697) (15)(1,497)
Income (loss) from continuing operations before equity method investments, income taxes:(3,270)(3,995)(2,971)(23,860)(10,143)12,259304
Other undisclosed income from continuing operations before income taxes      1,497
Income (loss) from continuing operations before income taxes:(3,270)(3,995)(2,971)(23,860)(10,143)12,2591,801
Income tax benefit      8,640
Net income (loss):(3,270)(3,995)(2,971)(23,860)(10,143)12,25910,441
Other undisclosed net income (loss) attributable to parent(768)27317110,697281(1,574)(8,640)
Net income (loss) attributable to parent:(4,037)(3,722)(2,799)(13,163)(9,862)10,6841,801
Other undisclosed net loss available to common stockholders, basic      (38,068)
Net income (loss) available to common stockholders, diluted:(4,037)(3,722)(2,799)(13,163)(9,862)10,684(36,267)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3,270)(3,995)(2,971)(23,860)(10,143)12,25910,441
Comprehensive income (loss), net of tax, attributable to parent:(3,270)(3,995)(2,971)(23,860)(10,143)12,25910,441

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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