$HCMC
Healthier Choices Management Corp.

2022 Q1 Form 10-Q Financial Statement

#000084485622000027 Filed on May 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $5.049M $3.466M
YoY Change 45.67% -14.13%
Cost Of Revenue $3.076M $1.975M
YoY Change 55.75% -15.17%
Gross Profit $1.973M $1.491M
YoY Change 32.32% -12.72%
Gross Profit Margin 39.07% 43.01%
Selling, General & Admin $3.327M $2.023M
YoY Change 64.49%
% of Gross Profit 168.69% 135.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $193.3K $136.6K
YoY Change 41.52% -7.6%
% of Gross Profit 9.8% 9.16%
Operating Expenses $3.327M $2.023M
YoY Change 64.49% -14.73%
Operating Profit -$1.355M -$532.2K
YoY Change 154.6% -19.91%
Interest Expense $20.11K -$46.79K
YoY Change -142.98% 75.05%
% of Operating Profit
Other Income/Expense, Net $36.99K -$164.1K
YoY Change -122.54% 512.14%
Pretax Income -$1.318M -$696.3K
YoY Change 89.29% 0.72%
Income Tax
% Of Pretax Income
Net Earnings -$1.318M -$696.3K
YoY Change 89.29% 0.72%
Net Earnings / Revenue -26.1% -20.09%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 339.7B 244.2B
Diluted Shares Outstanding 339.7B 244.2B

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.61M $5.365M
YoY Change 284.24% 68.88%
Cash & Equivalents $20.59M $5.316M
Short-Term Investments $26.66K $48.86K
Other Short-Term Assets $298.8K $237.8K
YoY Change 25.62% -4.36%
Inventory $2.370M $1.701M
Prepaid Expenses
Receivables $37.51K $56.75K
Other Receivables $234.2K $0.00
Total Short-Term Assets $23.56M $7.360M
YoY Change 220.03% 41.3%
LONG-TERM ASSETS
Property, Plant & Equipment $6.696M $223.0K
YoY Change 2902.85% -26.72%
Goodwill $916.0K
YoY Change -4.18%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $112.9K $88.60K
YoY Change 27.41% -38.01%
Total Long-Term Assets $11.88M $6.625M
YoY Change 79.31% -18.68%
TOTAL ASSETS
Total Short-Term Assets $23.56M $7.360M
Total Long-Term Assets $11.88M $6.625M
Total Assets $35.43M $13.99M
YoY Change 153.37% 4.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.059M $813.9K
YoY Change 152.97% -18.58%
Accrued Expenses $607.1K $483.5K
YoY Change 25.57% -11.56%
Deferred Revenue $18.17K
YoY Change -21.23%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $455.9K $842.2K
YoY Change -45.87% -63.1%
Total Short-Term Liabilities $3.366M $2.158M
YoY Change 55.98% -43.98%
LONG-TERM LIABILITIES
Long-Term Debt $140.00 $778.4K
YoY Change -99.98% -2.53%
Other Long-Term Liabilities $4.153M $3.001M
YoY Change 38.37% -12.08%
Total Long-Term Liabilities $4.153M $3.780M
YoY Change 9.88% -10.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.366M $2.158M
Total Long-Term Liabilities $4.153M $3.780M
Total Liabilities $7.519M $5.937M
YoY Change 26.63% -26.37%
SHAREHOLDERS EQUITY
Retained Earnings -$33.06M
YoY Change 12.71%
Common Stock $30.77M
YoY Change 324.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.92M $8.048M
YoY Change
Total Liabilities & Shareholders Equity $35.43M $13.99M
YoY Change 153.37% 4.71%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.318M -$696.3K
YoY Change 89.29% 0.72%
Depreciation, Depletion And Amortization $193.3K $136.6K
YoY Change 41.52% -7.6%
Cash From Operating Activities -$679.6K -$656.4K
YoY Change 3.54% 229.36%
INVESTING ACTIVITIES
Capital Expenditures -$127.3K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$5.136M $13.18K
YoY Change -39069.88% 79.08%
Cash From Investing Activities -$5.264M -$17.68K
YoY Change 29675.98% -80.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $77.50K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.56K 3.065M
YoY Change -98.87% -4442.59%
NET CHANGE
Cash From Operating Activities -679.6K -656.4K
Cash From Investing Activities -5.264M -17.68K
Cash From Financing Activities 34.56K 3.065M
Net Change In Cash -5.909M 2.391M
YoY Change -347.15% -759.1%
FREE CASH FLOW
Cash From Operating Activities -$679.6K -$656.4K
Capital Expenditures -$127.3K $0.00
Free Cash Flow -$552.4K -$656.4K
YoY Change -15.85% 127.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000844856
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NONE
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-36469
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
HEALTHIER CHOICES MANAGEMENT CORP.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-1070932
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
3800 North 28Th Way
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Hollywood
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33020
CY2022Q1 dei City Area Code
CityAreaCode
305
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
600-5004
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
CY2022Q1 dei Trading Symbol
TradingSymbol
HCMC
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
339741632384
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-117296
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1407556
CY2022Q1 us-gaap Number Of Stores
NumberOfStores
4
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
5000000.0

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