Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Cost of revenue17¢$873.4K
- Interest83¢$4.3M
Out of $1.0M in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $8.7K4 | $26.8K5 | $252.1K6 | $695.1K7 | $280.7K3 | $1.0M3 | |
| Cost of revenue | $2.8K4 | $14.3K5 | $81.2K6 | $248.6K7 | $159.3K3 | $873.4K3 | |
| Gross profit | $5.9K4 | $12.5K5 | $170.9K6 | $446.5K7 | $121.3K3 | $156.9K3 | |
| Selling, general and admin | $4.7M4 | $21.3M5 | $4.0M6 | $6.9M6 | |||
| Operating expenses | $4.9M3 | ||||||
| Operating income | -$4.7M4 | -$21.3M5 | -$3.8M6 | -$6.5M7 | -$4.9M3 | -$4.7M3 | |
| Interest | $5.8M5 | $6.8M6 | $4.7M7 | $3.0M3 | $4.3M3 | ||
| Income tax | $07 | $07 | |||||
| Net income | -$5.4M4 | -$33.4M5 | -$11.1M6 | -$20.2M7 | -$12.1M3 | -$10.2M3 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $147.5K5 | $249.8K6 | $359.6K7 | $211.8K3 | $74.5K3 | $104.0K3 | |
| Receivables | $211.3K3 | ||||||
| Inventory | $252.2K3 | ||||||
| Current assets | $240.1K4 | $418.4K5 | $1.5M6 | $417.7K7 | $537.6K3 | $2.8M3 | |
| Property, plant and equipment | $121.6K3 | ||||||
| Goodwill | $1.6M3 | ||||||
| Intangible assets | $1.1M3 | ||||||
| Total assets | $240.1K4 | $1.1M5 | $1.9M6 | $1.1M7 | $2.1M3 | $8.0M3 | |
| Accounts payable | $932.8K3 | ||||||
| Short-term debt | $3.8M3 | ||||||
| Current liabilities | $369.9K4 | $10.6M5 | $5.1M6 | $11.7M7 | $7.6M3 | $7.7M3 | |
| Long-term debt | $172.9K3 | $03 | $03 | $03 | $03 | ||
| Total liabilities | $369.9K4 | $11.4M5 | $5.1M6 | $11.8M7 | $7.6M3 | $7.7M3 | |
| Retained earnings | -$96.5M3 | ||||||
| Shareholders’ equity | -$381.8K4 | -$129.8K5 | -$10.3M6 | -$3.1M7 | -$10.6M3 | -$5.5M3 | $230.9K3 |
| Shares outstanding | 1.6B shares4 | 2.1B shares4 | 2.6B shares11 | 78.0M shares7 | 3.1B shares3 | 7.1B shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$242.0K4 | -$895.7K5 | -$2.4M6 | -$2.8M7 | -$1.7M3 | -$4.0M3 | |
| Depreciation and amortization | $101.3K3 | ||||||
| Stock-based compensation | $1.2M3 | ||||||
| Capital spending | $16.1K5 | $682.3K6 | $2.4K7 | $6.0K3 | $126.3K3 | ||
| Free cash flow | -$911.9K | -$3.1M | -$2.8M | -$1.7M | -$4.1M | ||
| Cash from investing | -$216.8K3 | ||||||
| Cash from financing | $4.2M3 |
What it owns
What Marijuana Co of America, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $147.5K3 Dec 31, 2021 | $25.3K3 Dec 31, 2020 | +483.5% |
| Accumulated depreciation | $25.9K3 Dec 31, 2021 | $18.7K3 Dec 31, 2020 | +38.5% |
| Property and equipment, net | $121.6K3 Dec 31, 2021 | $6.5K3 Dec 31, 2020 | +1758.6% |
| Finance-lease assets | $7.9K3 Dec 31, 2020 | $22.1K7 Dec 31, 2019 | −64.4% |
| Operating-lease assets (leased space) | $7.9K7 Dec 31, 2020 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $104.0K3 Dec 31, 2021 | $74.5K3 Dec 31, 2020 | +39.6% |
| Marketable securities, current | $239.1K3 Dec 31, 2020 | $27.4K7 Dec 31, 2019 | +772.4% |
| Long-term investments | $2.3M3 Dec 31, 2021 | $1.6M3 Dec 31, 2020 | +50.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.6M3 Dec 31, 2021 | ||
| Intangible assets, net (excluding goodwill) | $1.1M3 Dec 31, 2021 |
Inventory
Leadership
Who has led Marijuana Co of America, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJesus Quintero Apr 30, 2020 to Nov 29, 202112
- PresidentJesus Quintero May 28, 2020 to May 28, 202013
- PresidentDonald J. Steinberg Jul 31, 2017 to Dec 6, 201914
- Chief financial officerJesus Quintero Apr 30, 2020 to Nov 29, 202112
- Chief financial officerRobert Leslie Hymers Iii. Jul 25, 2017 to Jun 15, 201815
Board members and other officers (7)
- Vice PresidentThemistocles Psomiadis Jul 31, 2020 to Sep 3, 202016
- Principal Executive OfficerDonald J. Steinberg Feb 12, 2018 to Feb 12, 201817
- Board memberJesus Quintero Apr 30, 2020 to Nov 29, 202112
- Board memberThemistocles Psomiadis Jul 31, 2020 to Jan 28, 202116
- Board memberRobert Leslie Hymers Iii. Jul 25, 2017 to Jun 15, 201815
- Board memberCharles John Larsen Jul 31, 2017 to Feb 12, 201918
- Board memberDonald J. Steinberg Jul 31, 2017 to Dec 6, 201914
Former names
- CONVERGE GLOBAL INC/CADec 28, 1999 to Mar 9, 20092
Timeline
- Apr 4, 20238-K Change of auditor19
- Apr 4, 20238-K Executive or director change20
- Feb 8, 20238-K Executive or director change21
- Dec 1, 20228-K Other events22
- Nov 29, 20228-K Change of auditor23
- Sep 14, 20228-K Executive or director change; Shareholder vote24
- Aug 29, 20228-K Other events25
- Aug 16, 20228-K Other events26
- Jul 8, 20228-K Executive or director change27
- Jun 21, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed28
- Jun 3, 20228-K Entered a material agreement29
- May 24, 20228-K Bylaws or fiscal year changed30
- Apr 30, 2020New chief executive Jesus Quintero becomes CEO12
Filings
60 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 17 major events, 1 insider forms, 37 other. The latest 20:
- Jun 29, 202315-12G CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION EDGAR
- May 15, 2023NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Apr 4, 20238-K EDGAR
- Apr 4, 20238-K EDGAR
- Mar 31, 2023NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Feb 8, 20238-K EDGAR
- Jan 3, 2023DEF 14C DEFINITIVE 14C EDGAR
- Dec 22, 2022PRE 14C PRELIMINARY 14C EDGAR
- Dec 1, 20228-K EDGAR
- Nov 29, 20228-K EDGAR
- Nov 21, 202210-Q EDGAR
- Nov 14, 2022NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Oct 11, 2022QUALIF EDGAR
- Oct 6, 2022CORRESP EDGAR
- Oct 6, 2022UPLOAD EDGAR
- Sep 30, 20221-A POS EDGAR
- Sep 14, 2022S-8 EDGAR
- Sep 14, 20228-K EDGAR
- Aug 29, 20228-K EDGAR
- Aug 22, 202210-Q EDGAR
The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 24, 2021 | Quintero JesusCEO, CFO | Sale | 3,966,666 | Form 4 | ||
| Nov 23, 2021 | Quintero JesusCEO, CFO | Sale | 2,700,000 | Form 4 |
From Forms 4 filed with the SEC.
SEC filer profile
How Marijuana Co of America, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMarijuana Co of America, Inc.1
- CIK0001078799
- Employer ID (EIN)87-04268581
- Filer status<br>emerging growth company1
- Incorporated inUtah1
- Fiscal year endsDecember 311
- Industry code (SIC)2833 Medicinal Chemicals & Botanical Products1
- Business address633 W. 5Th Street, Suite 2826, Los Angeles, CA 900711
- Phone(888) 777-43621
- Shares outstanding16,993,152,796 as of Nov 21, 202210
- Public float$6.9M as of Dec 31, 20213
- On EDGAR sinceAug 13, 19991
- Filings472 in all: 4 (187), 8-K (65), CORRESP (29), UPLOAD (26), NT 10-Q (18), 10-Q (17), 10-Q/A (10), 10QSB (9)1
All 41 form types
NT 10-K (8), 10-12G/A (6), 10-K/A (6), 10SB12G/A (6), 8-K/A (6), S-1 (6), S-1/A (6), S-8 (6), 1-A POS (5), 10-K (5), 10QSB/A (5), 3 (5), EFFECT (5), QUALIF (4), 4/A (3), 5 (3), DEF 14C (3), PRE 14C (3), RW (3), 10KSB40 (2), 15-12G (2), SC 13G (2), 1-A (1), 10-12G (1), 10KSB (1), 10SB12G (1), 253G2 (1), 3/A (1), 5/A (1), PRER14C (1), REGDEX (1), RW WD (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Apr 15, 2022
Quarterly report (10-Q) Nov 21, 2022
Latest 8-K (8-K) Apr 4, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 4
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- 12
- 13SEC EDGARJesus Quintero, President
- 14SEC EDGARDonald J. Steinberg, President
- 15
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- 17
- 18SEC EDGARCharles John Larsen, Board member
- 19SEC EDGARChange of auditor
- 20SEC EDGARExecutive or director change
- 21SEC EDGARExecutive or director change
- 22SEC EDGAROther events
- 23SEC EDGARChange of auditor
- 24
- 25SEC EDGAROther events
- 26SEC EDGAROther events
- 27SEC EDGARExecutive or director change
- 28
- 29SEC EDGAREntered a material agreement
- 30SEC EDGARBylaws or fiscal year changed