v3.19.3

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash	$ 78,020	$ 9,635
Receivables	54,810	32,303
Inventory	37,630	19,984
Prepaid expenses	41,286	30,605
Assets of discontinued operations	2,461	2,461
Total current assets	214,207	94,988
FIXED ASSETS
Equipment	569,715	277,296
Leasehold improvements	231,493	207,546
Total fixed assets	801,208	484,842
Less: accumulated depreciation	(309,480)	(250,394)
Net total fixed assets	491,728	234,448
OTHER ASSETS
Lease right of use asset	1,558,289	0
Deposits and other assets	43,314	43,314
Intangibles assets, net	169,602	87,556
Total other assets	1,771,205	130,870
Total assets	2,477,140	460,306
CURRENT LIABILITIES
Accounts payable	99,700	60,222
Accrued expenses	704,213	607,525
Deferred rent	0	64,661
Operating lease	283,179	0
Stockholders loan	24,082	206,434
Notes payable to third parties	662,108	692,879
Convertible notes payable to third parties, net of discounts	803,991	250,276
Fair value of derivative liabilities	2,113,616	201,891
Liability to issue common stock	533,218	265,500
Liabilities of discontinued operations	481,558	481,558
Total Current Liabilities	5,705,665	2,830,946
LONG TERM LIABILITIES
Operating lease, net of current portion	1,321,980	0
Total long-term liabilities	1,321,980	0
Total Liabilities	7,027,645	2,830,946
Stockholders' Deficit:
Series A Preferred stock, $0.001 par value, 10,000,000 shares authorized, 500,000 shares issued and outstanding	500	500
Common stock, $0.001 par value, authorized 250,000,000 shares; 56,725,543 and 30,906,532 shares issued and outstanding	77,106	33,907
Additional paid-in capital	2,414,502	1,256,827
Accumulated deficit	(7,042,613)	(3,661,874)
Total Stockholders' Deficit	(4,550,505)	(2,370,640)
Total Liabilities and Stockholders' Deficit	$ 2,477,140	$ 460,306

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

WEST COAST VENTURES GROUP CORP. 10-Q