West Coast Ventures Group Corp. (WCVC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6610 HOLMAN STREET ARVADA, CO 80004 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 4/30/2016 | 4/30/2015 | 4/30/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10 | 0 | 0 | ||||||
| Cash and cash equivalents | 10 | 0 | 0 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 36 | 20 | 17 | ✕ | |||||
| Inventory | 36 | 20 | 17 | ||||||
| Prepaid expense | 31 | 31 | 18 | 4 | 2 | ||||
| Disposal group, including discontinued operation | 2 | 2 | 2 | ||||||
| Deposits current assets | 4 | 2 | |||||||
| Intangible current assets | 6 | 250 | ✕ | ||||||
| Other undisclosed current assets | 71 | 32 | 32 | (254) | (2) | ||||
| Total current assets: | 140 | 95 | 70 | 6 | 4 | 2 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,490 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 459 | 234 | 237 | 0 | |||||
| Intangible assets, net (including goodwill) | 6 | 250 | 15 | ||||||
| Intangible assets, net (excluding goodwill) | 6 | 250 | 15 | ||||||
| Other undisclosed noncurrent assets | (1,147) | 250 | 171 | 0 | |||||
| Total noncurrent assets: | 801 | 485 | 408 | 6 | 250 | 16 | |||
| Other undisclosed assets | 1,354 | (120) | (20) | (6) | |||||
| TOTAL ASSETS: | 2,296 | 460 | 458 | 6 | 254 | 18 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 946 | 668 | 562 | 171 | 9 | 4 | |||
| Interest and dividends payable | 15 | 0 | |||||||
| Employee-related liabilities | 126 | 52 | |||||||
| Accounts payable | 158 | 60 | 128 | 30 | 8 | 1 | |||
| Accrued liabilities | 789 | 608 | 434 | 35 | |||||
| Other undisclosed accounts payable and accrued liabilities | (86) | 3 | |||||||
| Debt | 1,173 | 1,106 | 753 | 250 | 125 | 24 | |||
| Deferred rent credit | 65 | ✕ | ✕ | ✕ | ✕ | ||||
| Derivative instruments and hedges, liabilities | 2,740 | 202 | 251 | ||||||
| Disposal group, including discontinued operation | 482 | 482 | 482 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 51 | |||||
| Due to related parties | 118 | ||||||||
| Other undisclosed current liabilities | 1,413 | 191 | 45 | 15 | 53 | ||||
| Total current liabilities: | 6,754 | 2,831 | 2,143 | 436 | 187 | 28 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,243 | 6 | 125 | ||||||
| Long-term debt, excluding current maturities | 6 | 125 | |||||||
| Liabilities, other than long-term debt, including: | 1,243 | ||||||||
| Operating lease, liability | 1,243 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed liabilities, other than long-term debt | 1,243 | ||||||||
| Other undisclosed noncurrent liabilities | (1,243) | ||||||||
| Total noncurrent liabilities: | 1,243 | 6 | 125 | ||||||
| Other undisclosed liabilities | 1 | ||||||||
| Total liabilities: | 7,997 | 2,831 | 2,143 | 442 | 312 | 29 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (5,702) | (2,371) | (1,685) | (436) | (57) | (11) | |||
| Preferred stock | 1 | 1 | 1 | ||||||
| Common stock | 918 | 34 | 31 | 0 | 88 | 3 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (71) | (32) | (32) | ||||||
| Additional paid in capital | 2,335 | 1,257 | 189 | 182 | 42 | 73 | |||
| Accumulated deficit | (8,955) | (3,662) | (1,905) | (617) | |||||
| Other undisclosed equity, attributable to parent | 71 | 32 | 32 | (188) | (86) | ||||
| Other undisclosed equity | (400) | ||||||||
| Total equity: | (5,702) | (2,371) | (2,085) | (436) | (57) | (11) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,296 | 460 | 58 | 6 | 254 | 18 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 4/30/2016 | 4/30/2015 | 4/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,635 | 3,055 | 2,725 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (904) | |||||||
| Gross profit: | 3,635 | 3,055 | 1,821 | |||||
| Operating expenses | (5,370) | (3,960) | (3,101) | (248) | (86) | (28) | ||
| Other operating expense, net (Other Expenses) | (3,559) | (851) | (261) | |||||
| Other undisclosed operating income (loss) | 3,559 | 851 | 1,164 | (1) | ||||
| Operating loss: | (1,735) | (905) | (377) | (248) | (86) | (29) | ||
| Nonoperating income | 1,738 | 24 | 121 | |||||
| Investment income, nonoperating | 1,653 | (234) | 121 | |||||
| Debt instrument, convertible, beneficial conversion feature | 85 | 258 | ||||||
| Interest and debt expense | 1,854 | 241 | 139 | (181) | (0) | 13 | ||
| Income (loss) from continuing operations: | 1,857 | (640) | (116) | (430) | (86) | (16) | ||
| Income (loss) before gain (loss) on sale of properties: | 1,857 | (640) | (116) | (431) | (71) | (16) | ||
| Income (loss) from discontinued operations | (1) | 14 | ||||||
| Net income (loss): | 1,857 | (640) | (116) | (431) | (71) | (16) | ||
| Other undisclosed net income (loss) attributable to parent | (7,150) | (1,117) | (522) | 1 | (30) | (13) | ||
| Net loss available to common stockholders, diluted: | (5,293) | (1,757) | (637) | (430) | (102) | (29) | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 4/30/2016 | 4/30/2015 | 4/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,857 | (640) | (116) | (431) | (71) | (16) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,857 | (640) | (116) | (431) | (71) | (16) | ||
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.