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)

12/31/2019
12/31/2018
12/31/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10  0014
Cash and cash equivalents 10  0014
Inventory, net of allowances, customer advances and progress billings362017  
Inventory362017    
Prepaid expense313118 42
Disposal group, including discontinued operation222    
Deposits current assets    42 
Intangible current assets   6250
Prepaid expense and other current assets17
Other undisclosed current assets713232 (254)(2)(17)
Total current assets:140957064214
Noncurrent Assets
Operating lease, right-of-use asset1,490
Property, plant and equipment459234237  01
Intangible assets, net (including goodwill)   625015(1)
Intangible assets, net (excluding goodwill)   625015(1)
Other undisclosed noncurrent assets(1,147)250171  018
Total noncurrent assets:80148540862501617
Other undisclosed assets1,354(120)(20)(6)   
TOTAL ASSETS:2,29646045862541831
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9466685621719420
Accounts payable15860128308120
Accrued liabilities789608434 35  
Employee-related liabilities   12652  
Interest and dividends payable   150  
Other undisclosed accounts payable and accrued liabilities    (86)3 
Debt1,1731,106753250125243
Deferred rent credit 65
Derivative instruments and hedges, liabilities2,740202251    
Due to related parties 118     
Disposal group, including discontinued operation482482482    
Deferred revenue and credits51    
Other undisclosed current liabilities1,413191451553  
Total current liabilities:6,7542,8312,1434361872824
Noncurrent Liabilities
Long-term debt and lease obligation1,243  6125  
Long-term debt, excluding current maturities   6125  
Operating lease, liability1,243
Liabilities, other than long-term debt, including:1,243      
Other undisclosed liabilities, other than long-term debt1,243      
Other undisclosed noncurrent liabilities(1,243)      
Total noncurrent liabilities:1,243  6125  
Other undisclosed liabilities     1 
Total liabilities:7,9972,8312,1434423122924
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,702)(2,371)(1,685)(436)(57)(11)8
Preferred stock111    
Common stock918343108833
Common stock, share subscribed but unissued, subscriptions receivable(71)(32)(32)    
Additional paid in capital2,3351,257189182427362
Accumulated deficit(8,955)(3,662)(1,905)(617)   
Other undisclosed stockholders' equity attributable to parent713232 (188)(86)(57)
Other undisclosed stockholders' equity  (400)   (0)
Total stockholders' equity:(5,702)(2,371)(2,085)(436)(57)(11)8
TOTAL LIABILITIES AND EQUITY:2,2964605862541831

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

12/31/2019
12/31/2018
12/31/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
Revenues3,6353,0552,725    
Cost of revenue
(Cost of Goods and Services Sold)
  (904)    
Gross profit:3,6353,0551,821    
Operating expenses(5,370)(3,960)(3,101)(248)(86)(28)(9)
Other operating expense, net
(Other Expenses)
(3,559)(851)(261)    
Other undisclosed operating income (loss)3,5598511,164  (1)(41)
Operating loss:(1,735)(905)(377)(248)(86)(29)(50)
Nonoperating income1,73824121    
Investment income, nonoperating1,653(234)121    
Debt instrument, convertible, beneficial conversion feature85258     
Interest and debt expense1,854241139(181)(0)13 
Income (loss) from continuing operations:1,857(640)(116)(430)(86)(16)(50)
Income (loss) from discontinued operations   (1)14  
Net income (loss):1,857(640)(116)(431)(71)(16)(50)
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)(50)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
4/30/2016
4/30/2015
4/30/2014
4/30/2013
Net income (loss):1,857(640)(116)(431)(71)(16)(50)
Comprehensive income (loss), net of tax, attributable to parent:1,857(640)(116)(431)(71)(16)(50)

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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