UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended

~~June 30, 2019~~

September 30, 2019

[ ]

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from

Commission File Number

000-54948

~~000-54948~~

West Coast Ventures Group Corp.

(Exact name of registrant as specified in its charter)

Nevada

~~99-0377575~~

99-0377575

(State or other jurisdiction of incorporation or organization)

~~(IRS Employer Identification No.)~~

(IRS Employer Identification No.)

6610 Holman St., Suite 301, Arvada, Colorado

~~80004~~

80004

(Address of principal executive offices)

~~(Zip Code)~~

(Zip Code)

(303) 423-1300

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

[X]

YES

[ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

~~[X]~~

~~YES~~[X]

~~[ ]~~YES

NO[ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

[ ]

~~Accelerated filer~~

Accelerated filer

~~[ ]~~

[ ]

Non-accelerated filer

[ ]

(Do not check if a smaller reporting company)

~~Smaller reporting company~~

Smaller reporting company

~~[X]~~

[X]

~~Emerging growth company~~

Emerging growth company

~~[X]~~

[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

~~[ ]~~

~~YES~~[ ]

~~[X]~~YES

NO[X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
[ ]	YES	[ ]	NO
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
68,234,394 common shares issued and outstanding as of August 16, 2019
273,047,248 common shares issued and outstanding as of November 17, 2019

FORM 10-Q

TABLE OF CONTENTS

PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements:	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	57
Item 4.	Controls and Procedures	57
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	69
Item 1A.	Risk Factors	69
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	69
Item 3.	Defaults Upon Senior Securities	69
Item 4.	Mine Safety Disclosures	69
Item 5.	Other Information	69
Item 6.	Exhibits	710
SIGNATURES		811

PART I - FINANCIAL INFORMATION

Item 1. ~~Financial Statements~~

Consolidated Balance Sheets	F-2
Consolidated Statements of Operations (unaudited)	F-3
Consolidated Statements of Changes in Stockholders’ Deficit (unaudited)	F-4
Consolidated Statements of Cash Flows (unaudited)	F-5
Notes to Consolidated Financial Statements (unaudited)	F-6

Financial Statements

~~F-1~~INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

WEST COAST VENTURES GROUP CORP.


Condensed Consolidated Balance Sheets	F-2
Condensed Consolidated Statements of Operations (unaudited)	F-3
Condensed Consolidated Statements of Changes of Deficiency in Stockholders’ Equity (unaudited)	F-4
Condensed Consolidated Statements of Cash Flows (unaudited)	F-5
Notes to Condensed Consolidated Financial Statements (unaudited)	F-6

~~Condensed Consolidated Balance Sheets~~F-1

ASSETS	June 30, 2019	December 31, 2018
CURRENT ASSETS	(unaudited)
Cash	$ 287,500	$ 9,635
Receivables	46,564	32,303
Inventory	31,200	19,984
Prepaid expenses	43,496	30,605
Assets of discontinued operations	2,461	2,461
Total current assets	411,221	94,988
FIXED ASSETS
Equipment	565,988	277,296
Leasehold improvements	231,493	207,546
Total fixed assets	797,481	484,842
Less: accumulated depreciation	(280,221)	(250,394)
Net total fixed assets	517,260	234,448
OTHER ASSETS
Lease right of use asset	1,624,858	-
Deposits and other assets	43,314	43,314
Intangible assets, net	149,119	87,556
Total other assets	1,817,291	130,870
Total Assets	$ 2,745,772	$ 460,306
LIABILITIES AND DEFICIENCY IN STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$ 91,550	$ 60,222
Accrued expenses	633,859	607,525
Deferred rent	-	64,661
Operating lease, current portion	272,370	-
Stockholder loan	45,152	206,434
Third party advances	-	265,500
Notes payable to third parties	820,689	692,879
Convertible notes payable to third parties, net of discounts	517,962	250,276
Fair value of derivative liabilities	1,686,929	201,891
Liability to issue common stock	515,500	-
Liabilities of discontinued operations	481,558	481,558
Total current liabilities	5,065,569	2,830,946
LONG TERM LIABILITIES
Operating lease, net of current portion	1,397,323	-
Total long term liabilities	1,397,323	-
Total Liabilities	6,462,892	2,830,946
DEFICIENCY IN STOCKHOLDERS’ EQUITY
Series A Preferred stock, $0.001 par value, 10,000,000 shares authorized, 500,000 and 500,000 shares issued and outstanding	500	500
Common stock, $0.001 par value, 650,000,000 and 250,000,000 authorized shares; 56,725,543 and 33,906,532 shares issued and outstanding	56,726	33,907
Additional paid-in capital	2,195,523	1,256,827
Accumulated deficit	(5,969,869)	(3,661,874)
Total deficiency in stockholders’ equity	(3,717,120)	(2,370,640)
Total Liabilities and Deficiency in Stockholders’ Equity	$ 2,745,772	$ 460,306

WEST COAST VENTURES GROUP CORP.

~~The~~Condensed ~~accompanying~~Consolidated ~~notes~~Balance ~~are an integral part of the unaudited condensed consolidated financial statements~~Sheets

F-2


ASSETS	September 30, 2019	December 31, 2018
CURRENT ASSETS	(unaudited)
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	-
Deposits and other assets	43,314	43,314
Intangible assets, net	169,602	87,556
Total other assets	1,771,205	130,870
Total Assets	$ 2,477,140	$ 460,306
LIABILITIES AND DEFICIENCY IN STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$ 99,700	$ 60,222
Accrued expenses	704,213	607,525
Deferred rent	-	64,661
Operating lease, current portion	283,179	-
Stockholder 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	-
Total long term liabilities	1,321,980	-

Total Liabilities	7,027,645	2,830,946
DEFICIENCY IN STOCKHOLDERS’ EQUITY
Series A Preferred stock, $0.001 par value, 10,000,000 shares authorized, 500,000 and 500,000 shares issued and outstanding	500	500
Common stock, $0.001 par value, 2,000,000,000 and 250,000,000 authorized shares; 77,105,544 and 33,906,532 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 deficiency in Stockholders’ equity	(4,550,505)	(2,370,640)
Total Liabilities and Deficiency in Stockholders’ Equity	$ 2,477,140	$ 460,306

~~WEST~~The ~~COAST~~accompanying ~~VENTURES~~notes ~~GROUP~~are ~~CORP.~~an integral part of the unaudited condensed consolidated financial statements

~~Condensed Consolidated Statements of Operations~~F-2

~~Three~~WEST ~~and~~COAST ~~six~~VENTURES ~~months~~GROUP ~~ended~~CORP. ~~June 30,~~

~~(Unaudited)~~Condensed Consolidated Statements of Operations

	Three months ended June 30,		Six months ended June 30,
	2019	2018	2019	2018
REVENUES
Restaurant revenues, net of discounts	$ 944,424	$ 746,327	$ 1,784,039	$ 1,437,086
COSTS AND EXPENSES
Restaurant operating costs:
Cost of sales - food and beverage	278,033	231,178	578,425	464,823
Wages and payroll taxes	294,990	243,781	564,271	455,105
Occupancy	164,186	125,665	300,142	250,065
Other restaurant costs	157,578	99,736	270,161	186,942
Depreciation and amortization	17,646	22,196	36,424	43,787
General and administrative expenses	558,409	276,709	905,241	552,281
Total costs and expenses	1,470,842	999,265	2,654,664	1,953,003
Loss from operations	(526,418)	(252,938)	(870,625)	(515,917)
Other expenses
Pre-opening expenses	52,329	-	52,329	-
Initial and change in fair value of derivatives	208,269	520,145	743,612	631,949
(Gain) on debt extinguishment	(77,385)	-	(95,160)	-
Interest expense	475,883	165,901	736,589	489,217
Total other expenses	659,096	686,046	1,437,370	1,121,166
Loss before income taxes	(1,185,514)	(938,984)	(2,307,995)	(1,637,083)
Provision for income taxes	-	-	-	-
Net loss	$ (1,185,514)	$ (938,984)	$ (2,307,995)	$ (1,637,083)
Basic and diluted net loss per share	$ (0.02)	$ (0.05)	$ (0.05)	$ (0.07)
Weighted average shares outstanding	49,895,192	19,248,054	44,113,135	25,144,510

Three and nine months ended June 30,

~~The accompanying notes are an integral part of the unaudited condensed consolidated financial statements~~(Unaudited)

F-3


	Three months ended September 30,		Nine months ended September 30,
	2019	2018	2019	2018
REVENUES
Restaurant revenues, net of discounts	$ 981,367	$ 806,989	$ 2,765,406	$ 2,244,075

COSTS AND EXPENSES
Restaurant operating costs:
Cost of sales - food and beverage	333,669	259,005	912,094	723,828
Wages and payroll taxes	368,147	144,250	932,418	599,355
Occupancy	187,299	134,962	487,441	385,027
Other restaurant costs	114,339	110,403	385,500	297,345
Depreciation and amortization	32,893	32,310	69,317	76,097
General and administrative expenses	392,672	281,893	1,297,913	834,174

Total costs and expenses	1,429,019	962,823	4,083,683	2,915,826

Loss from operations	(447,652)	(155,834)	(1,318,277)	(671,751)

Other expenses
Pre-opening expenses	-	9,550	52,329	9,550
Initial and change in fair value of derivatives	263,900	(408,469)	1,007,512	223,480
(Gain) loss on debt extinguishment	(300,347)	417,088	(395,507)	417,088
Interest expense	661,539	312,467	1,398,128	801,684

Total other expenses	625,092	330,636	2,062,462	1,451,802

Loss before income taxes	(1,072,744)	(486,470)	(3,380,739)	(2,123,553)
Provision for income taxes	-	-	-	-
Net loss	$ (1,072,744)	$ (486,470)	$ (3,380,739)	$ (2,123,553)

Basic and diluted net loss per share	$ (0.02)	$ (0.03)	$ (0.06)	$ (0.09)
Weighted average shares outstanding	67,539,285	17,800,808	52,142,349	22,720,442

~~WEST~~The ~~COAST~~accompanying ~~VENTURES~~notes ~~GROUP~~are ~~CORP.~~an integral part of the unaudited condensed consolidated financial statements

~~Condensed Consolidated Statement of Deficiency in Stockholders’ Equity~~F-3

~~For~~WEST ~~the~~COAST ~~three~~VENTURES ~~and~~GROUP ~~six~~CORP. ~~months ended June 30, 2019~~

~~(Unaudited)~~ Condensed Consolidated Statement of Deficiency in Stockholders’ Equity

	Number of Shares		Par Value		Additional Paid-in	Accumulated	Total Stockholders’
	Common	Preferred	Common	Preferred	Capital	Deficit	Deficit
BALANCE, January 1, 2019	33,906,532	500,000	$ 33,907	$ 500	$ 1,256,827	$ (3,661,874)	$ (2,370,640)
Shares issued as inducement fee	1,713,307	-	1,713	-	88,287	-	90,000
Shares issued in settlement of debt	5,305,000	-	5,305	-	13,262	-	18,567
Net loss three months ended March 31, 2019	-	-	-	-	-	(1,122,481)	(1,122,481)
BALANCE, March 31, 2019	40,924,839	500,000	40,925	500	1,358,376	(4,784,355)	(3,384,554)
Shares issued as debt inducement	1,933,333	-	1,934	-	92,797	-	94,731
Shares issued for cash	1,247,449	-	1,247	-	65,877	-	67,124
Shares issued for pre-paid rent	386,589	-	387	-	26,133	-	26,520
Shares issued in settlement of debt	3,900,000	-	3,900	-	35,100	-	39,000
Shares issued for services	3,333,333	-	3,333	-	236,000	-	239,333
Shares issued for fixed assets and cash	5,000,000	-	5,000	-	324,990	-	329,990
Beneficial conversion feature	-	-	-	-	56,250	-	56,250
Net loss three months ended June 31, 2019	-	-	-	-	-	(1,185,514)	(1,185,514)
BALANCE, June 30, 2019	56,725,543	500,000	$ 56,726	$ 500	$ 2,195,523	$ (5,969,869)	$ (3,717,120)

For the three, six and nine months ended September 30, 2019

~~The accompanying notes are an integral part of the unaudited condensed consolidated financial statements~~(Unaudited)

WEST COAST VENTURES GROUP CORP.


	Number of Shares		Par Value		Additional Paid-in	Accumulated	Total Stockholders’
	Common	Preferred	Common	Preferred	Capital	Deficit	Deficit

BALANCE, January 1, 2019	33,906,532	500,000	$ 33,907	$ 500	$ 1,256,827	$ (3,661,874)	$ (2,370,640)

Shares issued as inducement fee	1,713,307	-	1,713	-	88,287	-	90,000
Shares issued in settlement of debt	5,305,000	-	5,305	-	13,262	-	18,567
Net loss three months ended March 31, 2019	-	-	-	-	-	(1,122,481)	(1,122,481)

BALANCE, March 31, 2019	40,924,839	500,000	40,925	500	1,358,376	(4,784,355)	(3,384,554)
Shares issued as debt inducement	1,933,333	-	1,934	-	92,797	-	94,731
Shares issued for cash	1,247,449	-	1,247	-	65,877	-	67,124
Shares issued for pre-paid rent	386,589	-	387	-	26,133	-	26,520
Shares issued in settlement of debt	3,900,000	-	3,900	-	35,100	-	39,000
Shares issued for services	3,333,333	-	3,333	-	236,000	-	239,333
Shares issued for fixed assets and cash	5,000,000	-	5,000	-	324,990	-	329,990
Beneficial conversion feature	-	-	-	-	56,250	-	56,250
Net loss three months ended June 30, 2019	-	-	-	-	-	(1,185,514)	(1,185,514)

BALANCE, June 30, 2019	56,725,543	500,000	56,726	500	2,195,523	(5,969,869)	(3,717,120)
Shares issued as debt inducement	100,000	-	100	-	5,360	-	5,460
Shares issued for cash	7,941,303	-	7,941	-	144,764	-	152,705
Shares issued in settlement of debt	12,338,698	-	12,339	-	60,055	-	72,394
Beneficial conversion feature	-	-	-	-	28,800	-	28,800
Offering costs	-	-	-	-	(20,000)	-	(20,000)
Net loss three months ended September 30, 2019	-	-	-	-	-	(1,072,744)	(1,072,744)
BALANCE, September 30, 2019	77,105,544	500,000	$ 77,106	$ 500	$ 2,414,502	$ (7,042,613)	$ (4,550,505)

~~Condensed~~The ~~Consolidated~~accompanying ~~Statement~~notes are an integral part of ~~Deficiency~~the inunaudited ~~Stockholders’~~condensed ~~Equity~~consolidated financial statements

~~For the three and six months ended June 30, 2018~~F-4

~~(Unaudited)~~WEST COAST VENTURES GROUP CORP.

	Number of Shares		Par Value		Additional Paid-in	Accumulated	Total Stockholders’
	Common	Preferred	Common	Preferred	Capital	Deficit	Deficit
BALANCE, January 1, 2018	30,556,544	500,000	$ 30,557	$ 500	$ 189,029	$ (1,905,326)	$ (1,685,240)
Shares issued as debt inducement	340,000	-	340	-	84,660	-	85,000
Shares issued in settlement of debt	1,155,829	-	1,155	-	214,984	-	216,139
Shares issued for warrant exercise	50,898	-	51	-	9,467	-	9,518
Shares issued for services	100,000	-	100	-	22,500	-	22,600
Net loss	-	-	-	-	-	(698,099)	(698,099)
BALANCE, March 31, 2018	32,203,271	500,000	32,203	500	520,640	(2,603,425)	(2,050,082)
Shares issued for services	650,000	-	650	-	58,350	-	59,000
Shares issued in settlement of debt	3,349,783	-	3,350	-	263,380	-	266,730
Shares contributed and cancelled	(22,000,000)	-	(22,000)	-	22,000	-	-
Net loss	-	-	-	-	-	(938,984)	(938,984)
BALANCE, June 30, 2018	14,203,054	500,000	$ 14,203	$ 500	$ 864,370	$ (3,542,409)	$ (2,663,336)

Condensed Consolidated Statement of Deficiency in Stockholders’ Equity

~~The~~For ~~accompanying~~the ~~notes~~three, ~~are~~six anand ~~integral~~nine ~~part~~months ofended ~~the~~September ~~unaudited~~30, ~~condensed consolidated financial statements~~2018

~~F-4~~(Unaudited)

WEST COAST VENTURES GROUP CORP.


	Number of Shares		Par Value		Additional Paid-in	Accumulated	Total Stockholders’
	Common	Preferred	Common	Preferred	Capital	Deficit	Deficit

BALANCE, January 1, 2018	30,556,544	500,000	$ 30,557	$ 500	$ 189,029	$ (1,905,326)	$ (1,685,240)

Shares issued as debt inducement	340,000	-	340	-	84,660	-	85,000
Shares issued in settlement of debt	1,155,829	-	1,155	-	214,984	-	216,139
Shares issued for warrant exercise	50,898	-	51	-	9,467	-	9,518
Shares issued for services	100,000	-	100	-	22,500	-	22,600
Net loss	-	-	-	-	-	(586,295)	(586,295)

BALANCE, March 31, 2018	32,203,271	500,000	32,203	500	520,640	(2,491,621)	(1,938,278)
Shares issued for services	650,000	-	650	-	58,350	-	59,000
Shares issued in settlement of debt	3,349,783	-	3,350	-	263,380	-	266,730
Shares contributed and cancelled	(22,000,000)	-	(22,000)	-	22,000	-	-
Net loss	-	-	-	-	-	(1,050,788)	(1,050,788)

BALANCE, June 30, 2018	14,203,054	500,000	14,203	500	864,370	(3,542,409)	(2,663,336)
Shares repurchased and retired	(1,546,727)	-	(1,547)	-	(26,294)	-	(27,841)
Shares issued for cash	5,111,000	-	5,111	-	22,109	-	27,220
Shares issued for services	750,000	-	750	-	18,000	-	18,750
Shares issued in settlement of debt	764,205	-	764	-	19,105	-	19,869
Reclassification of beneficial conversion derivative	-	-	-	-	789,356	-	789,356
Net loss	-	-	-	-	-	(486,470)	(486,470)
BALANCE, September 30, 2018	19,281,532	500,000	$ 19,281	$ 500	$ 1,686,645	$ (4,028,879)	$ (2,322,452)

~~Condensed~~The ~~Consolidated~~accompanying ~~Statements~~notes are an integral part of ~~Cash~~the ~~Flows~~unaudited condensed consolidated financial statements

~~Six months ended June 30,~~F-5

~~(Unaudited)~~WEST COAST VENTURES GROUP CORP.

	2019	2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,307,995)	$ (1,637,083)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash debt inducement fee and share based compensation	360,308	81,600
Depreciation and amortization	36,424	43,787
Amortization of debt discounts	531,719	401,570
(Gain) loss on debt conversion and extinguishment	(95,160)	-
Initial and change in fair value of derivative	743,612	631,949
Cumulative change from implementing new accounting standard	26,866	-
Changes in operating assets:
(Increase) decrease in receivables	(14,261)	352
(Increase) decrease in inventory	(11,216)	319
Changes in operating liabilities:
Increase in accounts payable	31,328	28,436
Increase in accrued expenses	26,334	170,659
Increase in accrued interest payable	74,940	-
Increase in deferred rent	-	1,134
Net cash used in operating activities	(597,101)	(277,277)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(32,649)	(34,794)
Purchase of intangible assets	(68,121)	-
Net cash used in investing activities	(100,770)	(34,794)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of shares	67,124	-
Proceeds from issuance of convertible notes payable for cash	1,009,000	280,000
Repayment of convertible notes payable	(604,992)	-
Proceeds from third party for shares to be issued	250,000	-
Proceeds from bank overdraft	-	40,671
Proceeds from stockholder loan payable	-	15,900
Payments on stockholder loan payable	(1,800)	(9,185)
Proceeds from third party notes payable	375,000	21,300
Payments on third party notes payable	(118,596)	(36,615)
Net cash provided from financing activities	975,736	312,071
Net increase in cash	277,865	-
CASH, beginning of period	9,635	-
CASH, end of period	$ 287,500	$ -
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$ 43,600	$ 22,351
Cash paid for income taxes	$ -	$ -
Non-Cash Financing Activities:
Issuance of common stock as inducement fee	$ 184,731	$ 85,000
Issuance of common stock in settlement of debt	$ 57,568	$ 482,870

Condensed Consolidated Statements of Cash Flows

~~The~~Nine ~~accompanying~~months ~~notes~~ended ~~are~~September ~~an integral part of the unaudited condensed consolidated financial statements~~30,

~~F-5~~(Unaudited)

WEST COAST VENTURES GROUP CORP.


	2019	2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,380,739)	$ (2,123,553)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash debt inducement fee and share based compensation	365,768	202,878
Depreciation and amortization	69,317	76,097
Amortization of debt discounts	1,091,661	505,131
(Gain) loss on debt conversion and extinguishment	(395,507)	417,088
Initial and change in fair value of derivative	1,007,512	223,480
Cumulative change from implementing new accounting standard	26,866	-
Changes in operating assets:
Increase in receivables	(22,507)	(8,307)
Increase in inventory	(17,646)	(48)
Increase in prepaid expenses	(10,681)	-
Changes in operating liabilities:
Increase in accounts payable	39,478	51,768
Increase in accrued expenses	96,688	197,063
Increase in accrued interest payable	197,547	-
Increase in deferred rent	-	1,023
Net cash used in operating activities	(932,243)	(457,380)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(36,376)	(73,091)
Purchase of intangible assets	(92,278)	-
Net cash used in investing activities	(128,654)	(73,091)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of shares	217,547	27,220
Payment for repurchase of common shares	-	(34,000)
Proceeds from issuance of convertible notes payable for cash	1,858,000	348,000
Repayment of convertible notes payable	(1,077,348)	-
Payment on settlement agreement	-	(15,000)
Proceeds from third party for shares to be issued	310,000	49,000
Proceeds from bank overdraft	-	79,968
Proceeds from stockholder loan payable	30,866	12,296
Payments on stockholder loan payable	(163,943)	(9,980)
Proceeds from third party notes payable	275,000	181,998
Payments on third party notes payable	(223,296)	(109,031)
Net cash provided from financing activities	1,129,282	530,471
Net increase in cash	68,385	-
CASH, beginning of period	9,635	-
CASH, end of period	$ 78,020	$ -
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$ 43,600	$ 83,291
Cash paid for income taxes	$ -	$ -
Non-Cash Financing Activities:
Issuance of common stock as inducement fee	$ 184,731	$ 85,000
Issuance of common stock in settlement of debt	$ 57,568	$ 502,739
Issuance of debt for purchase of fixed assets	$ 51,479	$ -

~~Notes~~The toaccompanying ~~Unaudited~~notes ~~Condensed~~are ~~Consolidated~~an ~~Financial~~integral ~~Statements~~part of the unaudited condensed consolidated financial statements

~~(1) NATURE OF OPERATIONS~~F-6

~~West~~WEST ~~Coast~~COAST ~~Ventures~~VENTURES ~~Group~~GROUP ~~Corp~~CORP. (“our”, “us”, “we”, “WCVC” or the “Company”) was originally incorporated as Energizer Tennis, Corp. on June 16, 2011 in the State of Nevada. On October 4, 2017, effective for accounting purposes on June 30, 2017, WCVC entered into an agreement to acquire Nixon Restaurant Group, Inc. in a transaction accounted for as a reverse acquisition. Nixon Restaurant Group, Inc. (“NRG”) was formed on October 12, 2015, under the laws of the State of Florida. On October 19, 2015, NRG issued 20 million shares of common stock to acquire 100% of the ownership interests in J&F Restaurants, LLC, Illegal Burger, LLC and Illegal Burger Writer Square LLC, Colorado Limited Liability Companies, under common ownership. The transaction was accounted for as a corporate reorganization between entities under common control. These consolidated financial statements reflect the reorganized capital structure retrospectively for all periods presented.

~~The~~Notes Company operates 6 restaurants in the Denver, Colorado metro area and 1 in the Ft. Lauderdale, Florida metro area. El Senor Sol - Evergreen is a Mexican restaurant which was opened in 2011. The Company opened the first Illegal Burger restaurant in August 2013. It is co-located with the El Senor Sol restaurant. The second Illegal Burger was opened in Arvada in April 2014. The third Illegal Burger is located in Writer Square in downtown Denver and opened in January 2016. The fourth Illegal Burger is located in the Capital Hill area of Denver and opened in June 2016.The fifth Illegal Burger is located in Glendale area of Denver and opened in October 2018. The first of the Company’s newest concept - Illegal Pizza - opened in Lauderhill, Florida in June 2019. The Company plans to ~~continue~~Unaudited ~~opening~~Condensed ~~Illegal~~Consolidated ~~Burger~~Financial ~~and Illegal Pizza restaurants, a quick casual high end restaurant with full liquor licenses. The Company expects to locate in other areas of the country over time.~~Statements

~~The~~(1) ~~Company~~NATURE ~~completed~~OF its Illegal Burger Franchise Offering documents in May 2019. Illegal Burger Franchising has retained a marketing group to assist with the startup of its offering of franchises and to pre-qualify potential franchisees. The Company hopes to have its first franchise sales in the third quarter 2019.OPERATIONS

~~The~~West Coast Ventures Group Corp. (“our”, “us”, “we”, “WCVC” or the “Company”) ~~began~~was ~~its~~originally ~~operations~~incorporated inas ~~Illegal~~Energizer ~~Brands~~Tennis, Corp. on June 16, 2011 in the State of Nevada. On October 4, 2017, effective for accounting purposes on June ~~2019~~30, ~~offering~~2017, ~~its~~WCVC ~~own~~entered ~~branded~~into ~~CBD~~an ~~infused~~agreement ~~water~~to ~~and~~acquire ~~CBD~~Nixon ~~powder~~Restaurant ~~packets~~Group, ~~first~~Inc. ~~through~~in ~~its~~a ~~restaurant~~transaction ~~locations~~accounted for as a reverse acquisition. Nixon ~~Illegal~~Restaurant ~~Brands~~Group, ~~expects~~Inc. to(“NRG”) ~~offer~~was ~~these~~formed ~~products~~on October 12, 2015, under the laws of the State of Florida. On October 19, 2015, NRG issued 20 million shares of common stock to ~~third~~acquire ~~parties~~100% onof the ownership interests in J&F Restaurants, LLC, Illegal Burger, LLC and Illegal Burger Writer Square LLC, Colorado Limited Liability Companies, under common ownership. The transaction was accounted for as a ~~wholesale~~corporate ~~basis~~reorganization between entities under common control. These consolidated financial statements reflect the reorganized capital structure retrospectively for all periods presented.

The ~~accompanying~~Company ~~condensed~~operates ~~consolidated~~6 ~~financial~~restaurants ~~statements~~in ~~include~~ the ~~activities~~Denver, ofColorado ~~West~~metro ~~Coast~~area ~~Ventures~~and ~~Group~~1 ~~Corp.,~~restaurant ~~Nixon~~in ~~Restaurant~~the ~~Group, Inc~~Ft. Lauderdale, ~~J&F~~Florida ~~Restaurant,~~metro ~~LLC~~area. (El Senor ~~and~~Sol - Evergreen is a Mexican restaurant which was opened in 2011. The Company opened the first Illegal Burger ~~Evergreen),~~restaurant in August 2013. It is co-located with the El Senor Sol restaurant. The second Illegal Burger, ~~LLC~~was (opened in Arvada), in April 2014. The third Illegal Burger is located in Writer Square, ~~LLC,~~in downtown Denver and opened in January 2016. The fourth Illegal Burger is located in the Capital Hill, ~~LLC,~~area of Denver and opened in June 2016.The fifth Illegal Burger ~~CitiSet,~~is ~~LLC,~~located in Glendale area of Denver and opened in October 2018. The first of the Company’s newest concept - Illegal Pizza, ~~LLC,~~- ~~Illegal~~opened ~~Brands,~~in ~~LLC~~Lauderhill, ~~Illegal~~Florida ~~Burger~~in ~~Franchising,~~June ~~LLC~~2019. The Company plans to continue opening Illegal Burger and Illegal ~~Brands~~Pizza IPrestaurants, ~~LLC,~~a ~~its~~quick ~~wholly~~casual ~~owned~~high ~~subsidiaries~~end restaurant with full liquor licenses. The Company expects to locate in other areas of the country over time.

~~(2)~~The ~~BASIS~~Company OFcompleted ~~PRESENTATION~~its ~~AND~~Illegal ~~USE~~Burger OFFranchise ~~ESTIMATES~~Offering documents in May 2019. Illegal Burger Franchising has retained a marketing group to assist with the start up of its offering of franchises and to pre-qualify potential franchisees. The Company hopes to have its first franchise sales in the fourth quarter 2019.

a)The ~~Basis~~Company ofbegan ~~Presentation~~its operations in Illegal Brands in June 2019, offering its own branded CBD infused water and CBD powder packets, first through its restaurant locations. Illegal Brands expects to offer these products to third parties on a wholesale basis.

The ~~comparative~~accompanying ~~amounts presented in these~~ condensed consolidated financial statements ~~are~~include the ~~historical~~activities ~~results~~ of West Coast Ventures Group, Corp., ~~inclusive~~Nixon ofRestaurant ~~its~~Group, ~~wholly~~Inc., ~~owned~~J&F ~~subsidiaries.~~Restaurant, ~~The~~LLC ~~Company~~(El ~~has~~Senor ~~reflected~~and ~~the~~Illegal ~~results~~Burger onEvergreen), aIllegal ~~consolidated~~Burger, ~~basis~~LLC ~~for~~(Arvada), ~~all~~Illegal ~~periods~~Burger ~~presented.~~Writer ~~All~~Square, ~~intercompany~~LLC, ~~balances~~Illegal Burger Capital Hill, LLC, Illegal Burger CitiSet, LLC, Illegal Pizza, LLC, Illegal Brands, LLC, Illegal Burger Franchising, LLC and ~~transactions~~Illegal ~~have~~Brands ~~been~~IP, ~~eliminated~~LLC, inits ~~consolidation~~wholly owned subsidiaries.

~~The~~Certain ~~accompanying~~reclassifications ~~unaudited condensed consolidated interim financial statements~~ have been ~~prepared~~made into ~~accordance~~December with Generally Accepted Accounting Principles ("GAAP") in the United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion31, ~~the~~2018 ~~accompanying~~Balance ~~unaudited condensed consolidated interim financial statements contain all adjustments (which are of a normal recurring nature) necessary for a fair presentation~~Sheet. ~~Operating results for the six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.~~

~~F-6~~(2) BASIS OF PRESENTATION AND USE OF ESTIMATES

~~WEST~~a) ~~COAST~~Basis ~~VENTURES~~of ~~GROUP CORP.~~Presentation

~~Notes~~The tocomparative ~~Unaudited~~amounts ~~Condensed~~presented ~~Consolidated~~in ~~Financial~~these ~~Statements~~condensed consolidated financial statements are the historical results of West Coast Ventures Group, Corp. inclusive of its wholly owned subsidiaries. The Company has reflected the results on a consolidated basis for all periods presented. All intercompany balances and transactions have been eliminated in consolidation

The accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with Generally Accepted Accounting Principles (2"GAAP") ~~BASIS~~in OFthe ~~PRESENTATION~~United ~~AND~~States ~~USE~~of OFAmerica ~~ESTIMATES~~("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). In our opinion, ~~continued~~the accompanying unaudited condensed consolidated interim financial statements contain all adjustments (which are of a normal recurring nature) necessary for a fair presentation. Operating results for the nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

~~b) Use of Estimates~~F-7

~~The~~WEST ~~preparation~~COAST ofVENTURES ~~financial~~GROUP statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting periodCORP. ~~Actual results could differ from these estimates. Significant estimates in the accompanying condensed unaudited consolidated financial statements involved the valuation of share-based compensation.~~

c)Notes ~~Accounts~~to ~~Receivable~~Unaudited Condensed Consolidated Financial Statements

~~Accounts~~(2) ~~receivable~~BASIS isOF ~~primarily~~PRESENTATION ~~the~~AND ~~amount~~USE ~~due~~OF ~~from the merchant account processor of debit and credit card payments and amounts due from online delivery services; such as~~ESTIMATES, ~~UberEats, Door Dash, etc.~~continued

db) ~~Property~~Use ~~and~~of ~~Equipment~~ Estimates

~~All~~The ~~property~~preparation ~~and~~of ~~equipment~~financial ~~are~~statements ~~recorded~~in atconformity ~~cost~~with ~~and~~accounting ~~depreciated~~principles ~~over~~generally ~~their~~accepted ~~estimated~~in ~~useful~~the ~~lives,~~United ~~generally~~States ~~three,~~requires ~~five~~management orto ~~seven~~make ~~years,~~estimates ~~using~~and assumptions that affect the ~~straight-line~~reported ~~method.~~amounts ~~Upon~~of ~~sale~~assets orand ~~retirement,~~liabilities ~~the~~and ~~cost~~disclosure of contingent assets and ~~related~~liabilities ~~accumulated~~at ~~depreciation~~the ~~are~~date ~~eliminated~~of ~~from~~the ~~their~~condensed ~~respective~~unaudited ~~accounts,~~consolidated financial statements and the ~~resulting~~reported ~~gain~~amounts orof ~~loss~~revenues isand ~~included~~expenses induring the ~~results~~reporting ~~of operations~~period. ~~Repairs~~Actual ~~and~~results ~~maintenance~~could ~~charges,~~differ ~~which~~from dothese ~~not~~estimates. ~~increase~~Significant estimates in the ~~useful~~accompanying ~~lives~~condensed ofunaudited ~~the~~consolidated ~~assets,~~financial ~~are~~statements ~~charged~~involved tothe ~~operations~~valuation asof ~~incurred.~~share-based compensation.

ec) ~~Pre-opening~~Accounts ~~Expenses~~Receivable

~~The~~Accounts ~~Company~~receivable ~~accumulates~~is primarily the ~~non-capitalizable~~amounts ~~expenses,~~due ~~such~~from ~~as rent, staffing and training, prior to opening a new location and reports them on a separate line item in~~ the ~~Condensed~~merchant ~~Consolidated~~account ~~Statement~~processor of ~~Operations~~debit ~~such~~and ~~that~~credit ~~these~~card ~~costs~~payments doand ~~not~~amounts ~~skew~~due ~~results~~ from ~~ongoing~~online ~~restaurant~~delivery ~~operations.~~services; Insuch ~~the~~as, ~~month~~UberEats, inGrub ~~which~~Hub, aDoor ~~new~~Dash, ~~location opens all ongoing expenses are then included with ongoing restaurant operations~~etc.

fd) ~~Operating~~Property ~~Leases~~and Equipment

~~Effective~~All ~~January~~property 1,and ~~2019,~~equipment weare ~~adopted~~recorded ~~Accounting~~at ~~Standards~~cost ~~Update~~and ~~(ASU)~~depreciated ~~2016-02~~over their estimated useful lives, ~~Leases~~generally ~~(Topic~~three, ~~842)~~five ~~which~~or ~~supersedes~~seven years, using the ~~lease~~straight-line ~~accounting~~method. ~~requirements~~Upon insale ~~Accounting~~or ~~Standards~~retirement, ~~Codification~~the ~~(ASC)~~cost ~~840,~~and ~~Leases~~related ~~(Topic~~accumulated ~~840).~~depreciation ~~Please~~are ~~refer~~eliminated tofrom ~~Recent~~their ~~Accounting~~respective ~~Pronouncements~~accounts, ~~below~~and ~~for~~the ~~additional~~resulting ~~information~~gain onor loss is included in the ~~adoption~~results of ~~Topic~~operations. ~~842~~Repairs and ~~the~~maintenance ~~impact~~charges, ~~upon~~which ~~adoption~~do tonot increase the ~~Company’s~~useful ~~consolidated~~lives ~~financial~~of ~~statements~~the assets, are charged to operations as incurred.

~~Under~~e) Topic 842, we applied a dual approach to all leases whereby we are a lessee and classifies leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the Company. Lease classification is evaluated at the inception of the lease agreement. Regardless of classification, we record a rightPre-~~of-use~~opening asset and a lease liability for all leases with a term greater than 12 months. Our leases, for the premises we occupy for the Illegal Burger Arvada, Illegal Burger Writer Square, Illegal Burger Capital Hill and Illegal Burger CitiSet were classified as operating leases as of January 1, 2019. Our leases, for the premises we occupy for the Illegal Pizza Lauderhill and the new corporate office were classified as operating leases as of May 1, 2019 and June 1, 2019, respectively. Operating lease expense is recognized on a straight-line basis over the term of the lease.Expenses

AsThe aCompany ~~result~~accumulates ofthe ~~adopting~~non-capitalizable ~~this~~expenses, ~~ASU~~such as rent, ~~the~~staffing ~~Company~~and ~~has~~training, ~~recorded~~prior to opening a ~~$26,866~~new ~~effect~~location and reports them on a separate line item in the ~~financial~~Condensed ~~statements~~Consolidated ~~for~~Statement of Operations such that these costs do not skew results from ongoing restaurant operations. In the ~~six~~month ~~months~~in ~~ended~~which ~~June~~a ~~30,~~new ~~2019~~location opens all ongoing expenses are then included with ongoing restaurant operations.

~~F-7~~f) Operating Leases

~~WEST~~Effective ~~COAST~~January ~~VENTURES~~1, ~~GROUP~~2019, ~~CORP~~we adopted Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) which supersedes the lease accounting requirements in Accounting Standards Codification (ASC) 840, Leases (Topic 840). Please refer to Recent Accounting Pronouncements below for additional information on the adoption of Topic 842 and the impact upon adoption to the Company’s consolidated financial statements.

~~Notes~~Under Topic 842, we applied a dual approach to ~~Unaudited~~all ~~Condensed~~leases ~~Consolidated~~whereby ~~Financial~~we ~~Statements~~are a lessee and classifies leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the Company. Lease classification is evaluated at the inception of the lease agreement. Regardless of classification, we record a right-of-use asset and a lease liability for all leases with a term greater than 12 months. Our leases, for the premises we occupy for the Illegal Burger Arvada, Illegal Burger Writer Square, Illegal Burger Capital Hill and Illegal Burger CitiSet were classified as operating leases as of January 1, 2019. Our leases, for the premises we occupy for the Illegal Pizza Lauderhill and the new corporate office were classified as operating leases as of May 1, 2019 and June 1, 2019, respectively. Operating lease expense is recognized on a straight-line basis over the term of the lease.

~~(2)~~As ~~BASIS~~a OFresult ~~PRESENTATION~~of ~~AND~~adopting ~~USE~~this OFASU, ~~ESTIMATES~~the Company has recorded a $10,146 ~~continued~~effect on the financial statements for the nine months ended September 30, 2019.

~~f) Operating Leases, continued~~F-8

WeWEST ~~identify~~COAST ~~leases~~VENTURES inGROUP ~~our contracts if the contract conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration~~CORP. We do not allocate lease consideration between lease and non-lease components and record a lease liability equal to the present value of the remaining fixed consideration under the lease. Any interest rate implicit in our leases are generally not readily determinable. Accordingly, we use our estimated incremental borrowing rate at the commencement date of the lease to determine the present value discount of the lease liability. We estimate the incremental borrowing rate for each lease based on an evaluation of our expected credit rating and the prevailing market rates for collateralized debt in a similar economic environment with similar payment terms and maturity dates commensurate with the term of the lease. The right-of-use asset for each lease is equal to the lease liability, adjusted for unamortized initial direct costs and lease incentives. We exclude options to extend or terminate leases from the calculation of the lease liability unless it is reasonably certain the option will be exercised.

g)Notes ~~Net~~to ~~Loss~~Unaudited ~~Per~~Condensed ~~Share~~Consolidated Financial Statements

~~Basic~~(2) ~~loss~~BASIS ~~per~~OF ~~share~~PRESENTATION ~~excludes~~AND ~~dilution~~USE ~~and~~OF is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. There were no dilutive common stock equivalents for the periods ended June 30ESTIMATES, ~~2019 and 2018.~~continued

hf) ~~Income~~Operating ~~Taxes~~Leases, continued

~~The~~We ~~Company~~identify ~~follows~~leases ~~the~~in ~~provisions~~our ofcontracts ~~ASC~~if ~~740-10,~~the ~~Accounting~~contract ~~for~~conveys ~~Uncertain~~the ~~Income~~right ~~Tax~~to ~~Positions.~~control ~~When~~the ~~tax~~use ~~returns~~of ~~are~~identified ~~filed,~~property itor isequipment ~~highly~~for ~~certain~~a ~~that~~period ~~some~~of ~~positions~~time ~~taken~~in ~~would~~exchange befor ~~sustained~~consideration. ~~upon~~We ~~examination~~do bynot ~~the~~allocate ~~taxing~~lease ~~authorities,~~consideration ~~while~~between ~~others~~lease ~~are~~and ~~subject~~non-lease tocomponents ~~uncertainty~~and ~~about~~record ~~the~~a ~~merits~~lease ofliability ~~the~~equal ~~position~~to ~~taken or~~ the ~~amount~~present value of the ~~position~~remaining ~~that~~fixed ~~would~~consideration beunder ~~ultimately~~the ~~sustained~~lease. InAny ~~accordance~~interest ~~with~~rate ~~the~~implicit ~~guidance of ASC 740-10, the benefit of a tax position is recognized~~ in ~~the~~our ~~financial~~leases ~~statements~~are ingenerally ~~the~~not ~~period~~readily ~~during~~determinable. ~~which~~Accordingly, ~~based~~we onuse ~~all~~our ~~available~~estimated ~~evidence,~~incremental ~~management~~borrowing ~~believes~~rate itat isthe ~~more~~commencement ~~likely~~date ~~than~~of ~~not that~~ the ~~position~~lease ~~will~~to bedetermine ~~sustained~~the ~~upon~~present ~~examination,~~value ~~including~~discount ~~the resolution~~ of ~~appeals~~the orlease ~~litigation processes, if any~~liability. ~~Tax~~We ~~positions~~estimate ~~taken~~the ~~are~~incremental ~~not~~borrowing ~~offset~~rate orfor ~~aggregated~~each ~~with~~lease ~~other~~based ~~positions.~~on ~~Tax~~an ~~positions~~evaluation ~~that~~of ~~meet~~our ~~the~~expected ~~more-likely-than-not~~credit ~~recognition~~rating ~~threshold~~and ~~are~~the ~~measured~~prevailing asmarket ~~the~~rates ~~largest~~for ~~amount~~collateralized ofdebt ~~tax~~in ~~benefit~~a ~~that~~similar iseconomic ~~more~~environment ~~than~~with 50similar ~~percent~~payment ~~likely~~terms ofand ~~being~~maturity ~~realized~~dates ~~upon~~commensurate ~~settlement~~ with the ~~applicable~~term ~~taxing~~of ~~authority~~the lease. The ~~portion~~ right-of-use ~~the~~asset ~~benefits~~for ~~associated~~each ~~with~~lease ~~tax~~is ~~positions~~equal ~~taken~~to ~~that exceeds~~ the ~~amount~~lease ~~measured~~liability, asadjusted ~~described~~for ~~above~~unamortized ~~should~~initial bedirect ~~reflected~~costs asand alease ~~liability~~incentives. ~~for~~We ~~unrecognized~~exclude ~~tax~~options ~~benefits~~to inextend ~~the~~or ~~accompanying~~terminate ~~consolidated~~leases ~~balance~~from ~~sheets~~the ~~along~~calculation ~~with~~of ~~any~~the ~~associated~~lease ~~interest~~liability ~~and~~unless ~~penalties~~it ~~that~~is ~~would~~reasonably becertain ~~payable to~~ the ~~taxing~~option ~~authorities~~will ~~upon~~be ~~examination~~exercised.

~~The~~g) ~~tax~~Net ~~years~~Loss ~~2017,~~Per ~~2016,~~Share ~~and 2015 for the Company remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.~~

i)Basic ~~Cash~~loss per share excludes dilution and ~~Cash~~is ~~Equivalents~~computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. There were no dilutive common stock equivalents for the periods ended September 30, 2019 and 2018.

~~The~~h) ~~Company~~Income ~~considers~~Taxes ~~all highly liquid securities with original maturities of three months or less when acquired, to be cash equivalents. We had no financial instruments that qualified as cash equivalents.~~

FThe Company follows the provisions of ASC 740-810, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

~~WEST~~The ~~COAST~~tax ~~VENTURES~~years ~~GROUP~~2018, ~~CORP~~2017, and 2016 for the Company remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.

~~Notes~~i) toCash ~~Unaudited~~and ~~Condensed~~Cash ~~Consolidated Financial Statements~~Equivalents

~~(2)~~The ~~BASIS~~Company OFconsiders ~~PRESENTATION~~all ~~AND~~highly ~~USE~~liquid OFsecurities ~~ESTIMATES~~with original maturities of three months or less when acquired, ~~continued~~to be cash equivalents. We had no financial instruments that qualified as cash equivalents.

~~j) Financial Instruments and Fair Value Measurements~~F-9

~~ASC~~WEST ~~825-10~~COAST ~~“Financial~~VENTURES ~~Instruments”,~~GROUP ~~allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option)~~CORP. The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.

~~ASC~~Notes ~~825~~to ~~also~~Unaudited ~~requires~~Condensed ~~disclosures~~Consolidated ofFinancial the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments.Statements

~~FASB~~(2) ~~ASC~~BASIS ~~820~~OF ~~“Fair~~PRESENTATION ~~Value~~AND ~~Measurement”~~USE ~~clarifies~~OF ~~that fair value is an exit price~~ESTIMATES, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows:continued

~~Level~~j) 1:Financial ~~Quoted~~Instruments ~~prices~~and inFair ~~active~~Value ~~markets for identical assets or liabilities.~~Measurements

~~Level~~ASC 2:825-10 ~~Quoted~~“Financial ~~prices~~Instruments”, inallows ~~active~~entities ~~markets~~to ~~for~~voluntarily ~~similar~~choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and ~~inputs~~is ~~that~~irrevocable, ~~are~~unless ~~observable~~a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the ~~asset~~fair orvalue ~~liability~~option to any outstanding instruments.

~~Level~~ASC 3:825 ~~Unobservable~~also ~~inputs~~requires indisclosures ~~which~~of ~~there~~the isfair ~~little~~value orof nofinancial ~~market~~instruments. ~~data~~The carrying value of the Company’s current financial instruments, which ~~require~~include ~~the~~cash ~~reporting~~and ~~entity~~cash toequivalents, ~~develop~~accounts ~~its~~payable ~~own~~and ~~assumptions~~accrued liabilities approximates their fair values because of the short-term maturities of these instruments.

~~The~~FASB ~~determination~~ASC of820 ~~where~~“Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities ~~fall~~and ~~within~~establishes ~~this~~a hierarchy isfor ~~based~~which ~~upon~~these ~~the~~assets ~~lowest~~and ~~level~~liabilities ofmust ~~input~~be ~~that~~grouped, isbased on significant tolevels ~~the~~of ~~fair~~inputs ~~value~~as ~~measurement.~~follows:

~~The~~Level ~~following~~1: isQuoted ~~the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at June 30, 2019 and December 31, 2018, using quoted~~ prices in active markets for identical assets ~~(Level~~or ~~1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):~~liabilities.

	June 30, 2019			December 31, 2018
Level 3 - Embedded Derivative Liability	$	1,686,929		$	201,891

Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability.

~~Changes~~Level 3: Unobservable inputs in ~~Level~~which 3there ~~assets~~is ~~measured~~little ator ~~fair~~no ~~value~~market ~~for~~data, ~~the~~which ~~three~~require ~~months~~the ~~ended~~reporting ~~March~~entity ~~31,~~to ~~2019~~develop ~~were~~its asown ~~follows:~~assumptions.

Balance, December 31, 2018	$	201,891
Initial valuation of new embedded derivatives		392,956
Extinguishment upon conversion or settlement		741,426
Change in fair value of derivatives		350,656
Balance, June 30, 2019	$	1,686,929

The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

~~F-9~~The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at September 30, 2019 and December 31, 2018, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

WEST COAST VENTURES GROUP CORP.


	September 30, 2019		December 31, 2018
Level 3 - Embedded Derivative Liability	$	2,113,616	$	201,891

~~Notes~~Changes toin ~~Unaudited~~Level ~~Condensed~~3 ~~Consolidated~~assets ~~Financial~~measured ~~Statements~~at fair value for the three months ended September 30, 2019 were as follows:

(2) BASIS OF PRESENTATION AND USE OF ESTIMATES, continued


Balance, December 31, 2018	$	201,891
Initial valuation of new embedded derivatives		2,319,047
Extinguishment upon conversion or settlement		(739,933)
Change in fair value of derivatives		332,611
Balance, September 30, 2019	$	2,113,616

~~k) Derivatives~~F-10

~~The~~WEST ~~Company~~COAST ~~evaluates~~VENTURES ~~its~~GROUP ~~convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for~~CORP. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet, The shares issued upon conversion of the note are recorded at their fair value and a gain or loss on extinguishment is recognized, as applicable.

~~Equity~~Notes ~~instruments that are initially classified as equity that become subject~~ to ~~reclassification~~Unaudited ~~under~~Condensed ~~this~~Consolidated ~~accounting~~Financial ~~standard are reclassified to liability at the fair value of the instrument on the reclassification date.~~Statements

l(2) ~~Impairment~~BASIS ofOF ~~Long-Lived~~PRESENTATION ~~Assets~~AND USE OF ESTIMATES, continued

Ak) long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long-lived assets exceeds its fair value.Derivatives

m)The ~~Related~~Company ~~Party~~evaluates ~~Transactions~~its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion, payment or exercise of a convertible note containing an embedded derivative instrument, the instrument is marked to fair value at the conversion date and the debt and derivative are removed from the balance sheet, The shares issued upon conversion of the note are recorded at their fair value and a gain or loss on extinguishment is recognized, as applicable.

~~All~~Equity ~~transactions~~instruments ~~with~~that ~~related~~are ~~parties~~initially ~~are~~classified inas ~~the~~equity ~~normal~~that ~~course~~become ofsubject ~~operations~~to ~~and~~reclassification under this accounting standard are ~~measured~~reclassified to liability at the ~~exchange~~fair ~~amount~~value of the instrument on the reclassification date.

nl) ~~Recent~~Impairment ~~Accounting~~of ~~Pronouncements~~Long-Lived Assets

~~The~~A ~~Company recognizes revenue in accordance with ASU 2017~~long-04lived ~~AIntangibles~~asset -is ~~Goodwill~~tested ~~and Other (Topic 350): Simplifying the Test~~ for ~~Goodwill Impairment”. This update simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill~~ impairment ~~test.~~whenever ~~Under~~events ~~this~~or ~~updated~~changes ~~standard,~~in ancircumstances ~~entity~~indicate ~~should~~that ~~recognize~~its ~~an impairment charge for the amount by which the~~ carrying ~~amount exceeds the reporting unit’s fair~~ value, ~~but~~amount ~~the~~may ~~loss recognized should~~ not ~~exceed~~be ~~the total amount of goodwill allocated to that reporting unit~~recoverable. An ~~entity~~impairment ~~also~~loss ~~should~~is ~~consider~~recognized ~~income~~when ~~tax effects from any tax deductible goodwill on~~ the carrying amount of the ~~reporting~~asset ~~unit~~exceeds ~~when measuring~~ the ~~goodwill~~sum ~~impairment~~of ~~loss,~~the ifundiscounted ~~any.~~cash ~~This~~flows ~~guidance~~resulting isfrom ~~effective~~its ~~prospectively~~use and iseventual ~~effective~~disposition. ~~for~~The ~~interim~~impairment ~~and~~loss ~~annual~~is ~~periods~~measured ~~beginning~~as ~~after~~the ~~December~~amount ~~15,~~by ~~2019~~which ~~with~~the ~~early~~carrying ~~adoption~~amount ~~permitted.~~of ~~We do not expect~~ the ~~adoption~~long-lived ofassets ~~this~~exceeds ~~guidance~~its tofair ~~have a material impact on our consolidated financial statements~~value.

om) ~~Revenue~~Related ~~Recognition~~Party Transactions

InAll ~~May~~transactions ~~2014,~~with ~~the~~related ~~Financial~~parties ~~Accounting~~are ~~Standards~~in Board (“FASB”) issued Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers. This new revenue recognition standard has a five step process: a) Determine whether a contract exists; b) Identify the ~~performance~~normal ~~obligations;~~course c)of ~~Determine~~operations ~~the~~and ~~transaction~~are ~~price;~~measured d)at ~~Allocate~~ the ~~transaction~~exchange ~~price; and e) Recognize revenue when (or as) performance obligations are satisfied~~amount.

~~The~~n) ~~Company’s~~Recent ~~condensed~~Accounting ~~consolidated~~Pronouncements financial statements are prepared under the accrual method of accounting. Revenues are recognized when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. This occurs only when the product is ordered and subsequently delivered.

FThe Company recognizes revenue in accordance with ASU 2017-1004 “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. This update simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under this updated standard, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, but the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity also should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if any. This guidance is effective prospectively and is effective for interim and annual periods beginning after December 15, 2019 with early adoption permitted. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

~~WEST~~o) ~~COAST~~Revenue ~~VENTURES GROUP CORP.~~ Recognition

~~Notes~~In toMay ~~Unaudited~~2014, ~~Condensed~~the ~~Consolidated~~ Financial ~~Statements~~Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 606, Revenue From Contracts With Customers. This new revenue recognition standard has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied.

~~(2)~~The ~~BASIS~~Company’s OFcondensed ~~PRESENTATION~~consolidated ~~AND~~financial ~~USE~~statements OFare ~~ESTIMATES~~prepared under the accrual method of accounting. Revenues are recognized when persuasive evidence of an arrangement exists, ~~continued~~services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. This occurs only when the product is ordered and subsequently delivered.

~~p) Inventories~~F-11

~~Inventories~~WEST ~~consist~~COAST ofVENTURES ~~food,~~GROUP ~~beverages, and supplies valued at the lower of cost (first-in, first-out method) or market~~CORP.

q)Notes ~~Intangible~~to ~~Assets~~Unaudited Condensed Consolidated Financial Statements

~~Intangible~~(2) ~~assets~~BASIS ~~are~~OF ~~being~~PRESENTATION ~~amortized~~AND ~~using~~USE ~~straight~~OF ~~line method over the remaining life of the location lease term~~ESTIMATES, ~~generally five, seven or ten years.~~continued

(3p) ~~LIQUIDITY AND GOING CONCERN CONSIDERATIONS~~Inventories

~~Our~~Inventories ~~condensed~~consist ~~consolidated~~of ~~financial~~food, ~~statements have been prepared on a going concern basis~~beverages, ~~which contemplates the realization of assets~~ and ~~the~~supplies ~~settlement~~valued ofat ~~liabilities and commitments in~~ the ~~normal~~lower ~~course~~ of ~~business.~~cost ~~We sustained a net loss of approximately $2.3 million for the six months ended June 30~~(first-in, ~~2019~~first-out ~~and~~method) ~~have~~or ~~an accumulated deficit of approximately $6~~market.0 million and a negative working capital of approximately $4.6 million at June 30, 2019, inclusive of indebtedness. These conditions raise substantial doubt about our ability to continue as a going concern.

~~Failure~~q) toIntangible successfully continue to grow restaurant operation revenues could harm our profitability and materially adversely affect our financial condition and results of operations. We face all of the risks inherent in a new business, including the need for significant additional capital, management’s potential underestimation of initial and ongoing costs, and potential delays and other problems in connection with establishing and opening restaurant operations.Assets

WeIntangible assets are ~~continuing~~being ~~our~~amortized ~~plan~~using tostraight ~~further~~line ~~grow~~method ~~and~~over ~~expand~~the ~~restaurant~~remaining ~~operations~~life ~~and seek sources~~ of ~~capital to pay our contractual obligations as they come due. Management believes that its current operating strategy will provide~~ the ~~opportunity~~location ~~for~~lease usterm, togenerally ~~continue as a going concern as long as we are able to obtain additional financing; however~~five, ~~there~~seven isor noten ~~assurance this will occur~~years. ~~The accompanying consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.~~

~~The~~(3) ~~independent~~LIQUIDITY ~~auditors’~~AND ~~report~~GOING onCONCERN ~~our consolidated financial statements for the year ended December 31, 2018 contained an explanatory paragraph expressing substantial doubt as to our ability to continue as a going concern.~~CONSIDERATIONS

~~F-11~~Our condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. We sustained a net loss of approximately $3.4 million for the nine months ended September 30, 2019 and have an accumulated deficit of approximately $7.0 million and a negative working capital of approximately $5.5 million at September 30, 2019, inclusive of indebtedness. These conditions raise substantial doubt about our ability to continue as a going concern.

~~WEST~~Failure ~~COAST~~to ~~VENTURES~~successfully ~~GROUP~~continue ~~CORP~~to grow restaurant operation revenues could harm our profitability and materially adversely affect our financial condition and results of operations. We face all of the risks inherent in a new business, including the need for significant additional capital, management’s potential underestimation of initial and ongoing costs, and potential delays and other problems in connection with establishing and opening restaurant operations.

~~Notes~~We are continuing our plan to ~~Unaudited~~further ~~Condensed~~grow ~~Consolidated~~and ~~Financial~~expand ~~Statements~~restaurant operations and seek sources of capital to pay our contractual obligations as they come due. Management believes that its current operating strategy will provide the opportunity for us to continue as a going concern as long as we are able to obtain additional financing; however, there is no assurance this will occur. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

~~(4)~~The ~~FIXED~~independent ~~ASSETS~~auditor’s report on our consolidated financial statements for the year ended December 31, 2018 contained an explanatory paragraph expressing substantial doubt as to our ability to continue as a going concern.

~~Fixed assets consisted of the following:~~F-12

	June 30, 2019 (unaudited)	December 31, 2018
Beginning balance	$ 484,842	$ 408,325
Additions: Equipment	288,692	95,558
Additions: Leasehold improvements	23,947	34,959
Landlord reimbursements	-	(54,000)
Accumulated depreciation	(280,221)	(250,394)
Ending Balance	$ 517,260	$ 234,448

WEST COAST VENTURES GROUP CORP.

~~Depreciation~~Notes ~~expense~~to ~~was~~Unaudited ~~$15,306~~Condensed ~~and~~Consolidated ~~$29,827~~Financial ~~and $15,126 and $30,857 for the three and six months ended June 30, 2019 and 2018, respectively.~~Statements

(54) ~~INTANGIBLE~~FIXED ASSETS

InFixed ~~March~~assets ~~2015,~~consists ~~as part~~ of the acquisition of the Writer Square downtown location, the Company purchased the rights to negotiate a lease from the landlord for $125,000 in cash. The Company is amortizing this value over the remaining term of the lease.following:

In March 2016, as part of the acquisition of the Capital Hill location, the Company purchased the existing liquor license for $4,300 in cash. The Company is amortizing this value over the remaining term of the lease.


	September 30, 2019 (unaudited)	December 31, 2018
Beginning balance	$ 484,842	$ 408,325
Additions: Equipment	292,419	95,558
Additions: Leasehold improvements	23,947	34,959
Landlord reimbursements	-	(54,000)
Accumulated depreciation	(309,480)	(250,394)

Ending Balance	$ 491,728	$ 234,448

InDepreciation ~~September~~expense ~~2018~~was $29,258 asand ~~part~~$59,085 ofand ~~the development of the CitiSet location~~$25,845 ~~the~~and ~~Company acquired a liquor license for~~ $556,~~286~~702 infor ~~cash.~~the ~~The~~three ~~Company~~and isnine ~~amortizing~~months ~~this~~ended ~~value~~September ~~over~~30, ~~the~~2019 ~~remaining~~and ~~term~~2018, ~~of the lease~~respectively.

In(5) ~~April~~INTANGIBLE 2019, as part of the acquisition of the Lauderhill location the Company paid a $50,000 assignment fee in cash to the landlord to assume the remaining 8 years of the existing lease. The Company is amortizing this value over the remaining term of the lease.ASSETS

In ~~June~~March ~~2019~~2015, as part of the ~~development~~acquisition of the ~~Lauderhill~~Writer Square downtown location, the Company ~~acquired~~purchased the rights to negotiate a lease from the landlord for $125,000 in cash. The Company is amortizing this value over the remaining term of the lease. In March 2016, as part of the acquisition of the Capital Hill location, the Company purchased the existing liquor license for $14,~~698~~300 in cash. The Company is amortizing this value over the remaining term of the lease.

In ~~June~~September ~~2019~~2018, ~~the~~as ~~Company~~part ~~paid~~of ~~$16,000~~the ~~for~~development of the ~~final~~CitiSet ~~franchise~~location, ~~documents~~the ~~enabling~~Company ~~Illegal~~acquired ~~Burger~~a ~~Franchising~~liquor tolicense ~~offer~~for ~~franchises~~$5,286 ~~for~~in ~~sale~~cash. The Company is amortizing this value over 10the ~~years~~remaining term of the lease.

In ~~June~~April 2019, as part of the acquisition of the Lauderhill location the Company paid a $250,~~025~~000 ~~for~~assignment fee in cash to the ~~trademark~~landlord ~~applications~~to ~~for~~assume ~~two~~the ~~new~~remaining ~~versions~~8 years of the ~~Company’s~~ existing ~~trademarked logo~~lease. The Company is amortizing this value over 10the ~~years~~remaining term of the lease.

~~Amortization~~In ~~expense~~the ~~was~~second $3quarter 2019,~~472~~ ~~and~~as $6part of the development of the Lauderhill location,~~597~~ ~~and~~the Company acquired a liquor license for $61,~~465~~698 ~~and~~in cash. The Company is amortizing this value over the remaining term of the lease. In the second quarter 2019, the Company paid $1216,~~930~~000 for the ~~three~~final ~~and~~franchise ~~six~~documents ~~months~~enabling ~~ended~~Illegal ~~June~~Burger ~~30,~~Franchising to offer franchises for sale. The Company will amortize this value over 10 years. In the second quarter 2019, ~~and~~the ~~2018~~Company paid $2,025 ~~respectively~~for the trademark applications for two new versions of the Company’s existing trademarked logo. The Company will amortize this value over 10 years.

F In the third quarter 2019, the Company paid $16,500 for website for Illegal Burger Franchising to offer franchises for sale. The Company will amortize this value over 10 years. In the third quarter 2019, the Company paid $2,075 for the trademark applications for trademarks and word-12marks of the Illegal Pizza logo and name. The Company will amortize this value over 10 years

~~WEST~~Amortization ~~COAST~~expense ~~VENTURES~~was ~~GROUP~~$3,635 ~~CORP.~~and $10,232 and $6,465 and $19,395 for the three and nine months ended September 30, 2019 and 2018, respectively.

~~Notes to Unaudited Condensed Consolidated Financial Statements~~F-13

~~(6)~~WEST ~~NET~~COAST ~~ACQUIRED~~VENTURES ~~LIABILITIES~~GROUP OFCORP. ~~DISCONTINUED OPERATIONS~~

AsNotes a result of the reverse acquisition on October 4, 2017, we acquired approximately $0.5 million of liabilities, net of assets, of the former operations of West Coast Ventures Group Corp. (which have been discontinued). During 2017 we issued 3,000,000 shares of our common stock to ~~extinguish~~Unaudited ~~$30,000~~Condensed ofConsolidated ~~indebtedness.~~Financial ~~We are evaluating the means to relieve the Company of these liabilities.~~Statements

(76) ~~STOCKHOLDER~~NET ~~LOAN~~ACQUIRED LIABILITIES OF DISCONTINUED OPERATIONS

~~The~~As ~~principal~~a ~~stockholder~~result of the ~~Company~~reverse ~~has~~acquisition ~~loaned the Company funds at various times~~ on anOctober ~~undocumented~~4, ~~loan~~2017, ~~basis~~we ~~with~~acquired noapproximately ~~stated interest rate~~$0.5 ~~These~~million ~~loans~~of ~~were~~liabilities, ~~made~~net ~~principally~~of toassets, ~~complete the conversion~~ of the ~~Illegal~~former ~~Burger~~operations -of ~~Arvada~~West ~~(2014)~~Coast ~~and~~Ventures ~~Illegal~~Group ~~Burger~~Corp. ~~- Writer Square~~ (~~2015~~which ~~and~~have ~~2016~~been discontinued). ~~and~~During ~~Illegal~~2017 ~~Burger~~we ~~Capital~~issued ~~Hill~~3,000,000 ~~(2016)~~shares ~~locations.~~of ~~This~~our ~~stockholder~~common ~~loan~~stock ~~balance~~to ~~was~~extinguish $4530,~~152~~000 ~~and~~of ~~$206,434~~indebtedness. atWe ~~June~~are ~~30,~~evaluating ~~2019~~the ~~and~~means ~~December~~to ~~31,~~relieve ~~2018,~~the ~~respectively~~Company of these liabilities.

(87) ~~NOTES~~STOCKHOLDER ~~PAYABLE TO THIRD PARTIES~~LOAN

aThe principal stockholder of the Company has loaned the Company funds at various times on an undocumented loan basis with no stated interest rate. These loans were made principally to complete the conversion of the Illegal Burger - Arvada (2014) ~~Future~~and ~~Receivables~~Illegal ~~Sale~~Burger ~~Agreements~~- Writer Square (2015 and 2016) and Illegal Burger Capital Hill (2016) locations. This stockholder loan balance was $24,082 and $206,434 at September 30, 2019 and December 31, 2018, respectively.

~~During~~(8) ~~2018,~~NOTES ~~2017,~~PAYABLE ~~2016~~TO ~~and~~THIRD 2015, the Company entered into several agreements to obtain advances against future restaurant credit/debit card sales. The agreements provides for funding of various percentages of future qualified credit/debit merchant card receivables. Proceeds received from sales of future receivables during 2018 and 2017 totaled $140,000 and $166,082, respectively. In June 2019, the Company entered into a new agreement for the sale of future receivables, under which the Company received $175,000 from a party with an existing relationship with the Company, although there was a zero balance with this party at the time of entering into this transaction. At June 30, 2019 and December 31, 2018, the total payable balances inclusive of interest under the factoring agreements were $333,488 and $154,770, respectively.PARTIES

ba) ~~One~~Future ~~Year~~Receivables ~~Notes~~Sale Agreements

InDuring ~~February~~2019, 2018, 2017, 2016 and 2015, the Company entered into aseveral ~~one~~agreements ~~year~~to ~~note~~obtain ~~with~~advances aagainst ~~third~~future ~~party~~restaurant ~~for~~credit/debit acard ~~loan of $88,000~~sales. ~~This~~The ~~note~~agreements ~~was~~provide ~~payable~~for ~~daily~~funding inof ~~the~~various ~~amount~~percentages of ~~$377~~future ~~paid~~qualified ~~via~~credit/debit ~~ACH~~merchant ~~draft~~card receivables. Proceeds received from ~~the~~sales ~~J&F~~of ~~Restaurants,~~future ~~LLC~~receivables -during El2018 ~~Senor~~and ~~Sol~~2017 ~~Evergreen~~totaled ~~bank~~$140,000 ~~account~~and $166,082, respectively. ~~This~~In ~~note~~June ~~carries~~2019, ~~interest~~the atCompany aentered 7%into ~~rate.~~a ~~This~~new ~~note~~agreement, ~~was~~which ~~renewed~~replaced onthe ~~December~~prior 30agreement, ~~2016~~for the sale of future receivables, ~~and~~under which the Company received $74175,~~548~~000 infrom ~~cash,~~a ~~which~~party iswith ~~net~~an ofexisting relationship with the ~~$10~~Company,~~452~~ ~~remaining~~although ~~balance.~~there ~~The~~was ~~new~~a ~~note~~zero isbalance ~~payable~~with asthis aparty ~~percentage~~at ofthe ~~future~~time ~~qualified~~of ~~credit/debit~~entering ~~merchant~~into ~~card~~this ~~receivables~~transaction. ~~The~~At ~~loan~~September ~~balance was $11~~30,~~706~~ 2019 and ~~$28~~December 31,~~038~~ at2018, ~~June~~the ~~30,~~total ~~2019~~payable ~~and~~balances ~~December~~inclusive 31of interest under the factoring agreements were $93,336 ~~2018~~and $154,770, respectively.

Inb) ~~April~~One ~~2019,~~Year ~~the~~Notes Company entered into a one year note with a third party for a loan of $100,000. This note carries a 20% interest rate and is collateralized by a second mortgage on the founder and CEO’s residence. The loan balance, including interest, was $104,548 at June 30, 2019.

c)In ~~Convertible~~February ~~Notes~~2016, the Company entered into a one year note with a third party for a loan of $88,000. This note was payable daily in the amount of $377 paid via ACH draft from the J&F Restaurants, LLC - ~~Variable~~El ~~Conversion~~Senor Sol Evergreen bank account. This note carries interest at a 7% rate. This note was renewed on December 30, 2016, and the Company received $74,548 in cash, which is net of the $10,452 remaining balance. The new note is payable as a percentage of future qualified credit/debit merchant card receivables. The loan balance was $0 and $28,038 at September 30, 2019 and December 31, 2018, respectively.

In ~~the~~April ~~second quarter~~ 2019, the Company entered into ~~nine~~a ~~convertible~~one ~~notes~~year innote ~~exchange~~with ~~for~~a ~~$591,000~~third inparty ~~cash~~for ~~with~~ a ~~principal~~loan ~~amount~~ of $~~669~~100,000. ~~These~~This ~~notes~~note ~~mature~~carries ~~seven in nine months, one in ten months and one in one year and carry~~ a 1220% interest ~~rates.~~rate ~~The~~and ~~notes~~is ~~convert~~collateralized ~~into~~by ~~shares of the Company’s common stock at~~ a ~~price~~second ofmortgage ~~55%~~on ~~and 50% of~~ the ~~average~~founder ~~of the two lowest trade prices~~ and ~~the~~CEO’s ~~lowest trade price for the Common Stock during the 20 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date~~residence. ~~Based~~The onloan ~~the~~balance, ~~variable~~including ~~conversion terms the beneficial conversion rights embedded in these convertible notes were recorded as a derivative liability in the amount of $960~~interest,~~354~~ ~~with~~was ~~a related debt discount of~~ $~~602~~109,~~580,~~589 ~~and~~at anSeptember ~~immediate loss of $291~~30,~~355~~ 2019.

Inc) ~~the~~Convertible ~~second~~Notes ~~quarter~~- ~~2019,~~Variable ~~the Company paid off three convertible notes in cash in the amount of $504,812.~~Conversion

~~F-13~~In the third quarter 2019, the Company entered into six convertible notes in exchange for $567,000 in cash with a principal amount of $609,400. These notes mature two in nine months and four in one year and carry a 8%, 10% and 12% interest rates. The notes convert into shares of the Company’s common stock at a price of 50%, 55%, 57% and 60% of the average of the two and three lowest trade prices and the lowest trade price for the Common Stock during the 10 and 20 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes were recorded as a derivative liability in the amount of $960,354 with a related debt discount of $609,400, and an immediate loss of $281,945.

~~WEST~~In ~~COAST~~the ~~VENTURES~~third ~~GROUP~~quarter ~~CORP~~2019, the Company paid off three convertible notes in cash in the amount of $472,093.

~~Notes to Unaudited Condensed Consolidated Financial Statements~~F-14

~~(8)~~WEST ~~NOTES~~COAST ~~PAYABLE~~VENTURES TOGROUP ~~THIRD~~CORP. ~~PARTIES, continued~~

InNotes the first quarter 2019, the Company entered into five convertible notes in exchange for $424,000 in cash. These notes mature one in nine months and four in one year and carry 12%, 10% and 8% interest rates. The notes convert into shares of the Company’s common stock at a price of 55% and 50% of the average of the two lowest trade prices and the lowest trade price for the Common Stock during the 20 and 25 Trading Day period ending on the latest complete Trading Day prior to ~~the~~Unaudited ~~Conversion~~Condensed ~~Date.~~Consolidated ~~Based~~Financial on the variable conversion terms the beneficial conversion rights embedded in these convertible notes were recorded as a derivative liability in the amount of $467,348 with a related debt discount of $432,166, and an immediate loss of $35,182.Statements

In(8) ~~the~~NOTES ~~first~~PAYABLE ~~quarter~~TO ~~2019,~~THIRD ~~the Company paid off two convertible notes in cash in the amount of $101~~PARTIES,~~181.~~ continued

Inc) ~~the~~Convertible ~~fourth~~Notes ~~quarter~~- ~~2018,~~Variable the Company entered into a convertible note in exchange for $138,000 in cash. This note matures in nine months and carries a 12% interest rate. The note converts into shares of the Company’s common stock at a price of 61% of the average of the two lowest trade prices and the lowest trade price for the Common Stock during the 15 Trading Day period ending on the latest complete Trading Day prior to the Conversion ~~Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes has been recorded as a derivative liability in the amount of $189~~,~~380,~~ ~~with a related debt discount of $138,000, and an immediate loss of $51,380.~~continued

In the ~~fourth~~second quarter ~~2018~~2019, the Company ~~paid~~entered ~~off~~into ~~one~~nine convertible ~~note~~notes in exchange for $591,000 in cash with a principal amount of $669,000. These notes mature seven in nine months, one in ten months and one in one year and carry a 12% interest rates. The notes convert into shares of the Company’s common stock at a price of 55% and 50% of the average of the two lowest trade prices and the lowest trade price for the Common Stock during the 20 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes were recorded as a derivative liability in the amount of $~~225~~891,~~000~~345 with a related debt discount of $602,580, and an immediate loss of $291,355.

In the ~~third~~second quarter ~~2018~~2019, the Company ~~entered~~paid ~~into~~off ~~two~~three convertible notes in ~~exchange for $68,000 in~~ cash. ~~These notes mature~~ in ~~nine months and carries a 12% interest rate. These notes convert into shares of~~ the Company’s common stock at a price of 61% of the average of the two lowest trade prices and the lowest trade price for the Common Stock during the 15 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes has been recorded as a derivative liability in the amount of $~~151~~504,~~769, with a related debt discount of $68,000, and an immediate loss of $83,763~~812.

In the ~~third~~first quarter ~~2018~~2019, the Company ~~paid~~entered ~~off~~into ~~three~~five convertible notes in exchange for $424,000 in cash. These notes mature one in nine months and four in one year and carry 12%, 10% and 8% interest rates. The notes convert into shares of the Company’s common stock at a price of 55% and 50% of the average of the two lowest trade prices and the lowest trade price for the Common Stock during the 20 and 25 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes were recorded as a derivative liability in the amount of $~~257~~467,~~975~~348 with a related debt discount of $432,166, and an immediate loss of $35,182.

d)In ~~Convertible~~the ~~Notes~~first -quarter ~~Fixed~~2019, ~~Conversion~~the Company paid off two convertible notes in cash in the amount of $101,181.

In the ~~second~~fourth quarter ~~2019~~2018, the Company entered into ~~one~~a convertible note in exchange for $~~100~~138,000 in cash. This note matures in ~~one~~nine ~~year~~months and ~~carry~~carries a 2012% interest ~~rates~~rate. The note converts into shares of the Company’s common stock at a price of ~~$0.04~~61% ~~per share~~ of ~~Common~~the ~~Stock~~average ~~from~~of ~~October~~the ~~10,~~two ~~2019~~lowest totrade ~~maturity.~~prices Atand ~~maturity~~the itlowest istrade ~~convertible~~price ~~at $0.05 per share as long as Company’s Volume Weighted Average Price, (“VWAP”)~~ for the ~~ten~~Common ~~trading~~Stock ~~days~~during ~~prior to~~ the ~~conversion~~15 ~~notice~~Trading isDay ~~greater~~period ~~than~~ending ~~$0.07~~on ~~per share. If~~ the ~~VWAP~~latest iscomplete ~~below~~Trading ~~$0.07,~~Day ~~then~~prior to the ~~conversion~~Conversion ~~formula is $0~~Date.~~05xVWAP/$0.07.~~ Based on the variable conversion terms the beneficial conversion rights embedded in ~~this~~these convertible ~~note~~notes ~~was~~has been recorded as a ~~dept~~derivative ~~discount~~liability in the amount of $56189,~~250~~380, with a related debt discount of $138,000, and an immediate loss of $51,380.

~~During~~In the fourth quarter of 2018, ~~one of~~ the ~~parties~~Company ~~that~~paid ~~purchased~~off one ~~of the variable conversion price~~ convertible ~~notes assigned $50,000 of their~~ note ~~to a third party for $50,000~~ in cash. ~~This~~in ~~new party immediately amended~~ the ~~assigned~~amount ~~note portion to a fixed conversion rate~~ of $~~0.01 per share of the Company’s common stock. The maturity date of this note was extended to December 31~~225, ~~2021. The Company recognized no gain or loss associated with this modification. During the second quarter 2019, $39,~~000 ~~of this note was converted to 3,900,000 shares of common stock~~.

~~During~~In the third quarter of 2018, the Company entered into two ~~parties~~convertible ~~related~~notes toin ~~each~~exchange ~~other~~for ~~purchased~~$68,000 ~~through~~in ~~assignment,~~cash. ~~three~~These notes mature in nine months and carries a 12% interest rate. These notes convert into shares of the ~~variable~~Company’s ~~conversion~~common stock at a price ~~convertible~~of ~~notes~~61% ~~then~~of ~~outstanding.~~the ~~These~~average ~~parties~~of ~~immediately~~the ~~amended~~two lowest trade prices and the ~~notes~~lowest trade price for the Common Stock during the 15 Trading Day period ending on the latest complete Trading Day prior to ~~replace~~the Conversion Date. Based on the variable conversion ~~rate~~terms ~~with~~the abeneficial ~~fixed~~ conversion ~~rate~~rights ofembedded ~~$0.0035~~in ~~per~~these ~~share~~convertible ofnotes ~~the~~has ~~Company’s~~been ~~common~~recorded ~~stock.~~as ~~The~~a ~~maturity~~derivative ~~dates~~liability ofin the ~~three~~amount ~~notes~~of ~~was~~$151,769, ~~extended~~with toa ~~2020~~related debt discount of $68,000, and ~~2021~~an immediate loss of $83,763.

~~F-14~~In the third quarter 2018, the Company paid off three convertible notes in cash in the amount of $257,975.

~~WEST~~d) ~~COAST~~Convertible ~~VENTURES~~Notes ~~GROUP~~- ~~CORP.~~Fixed Conversion

~~Notes~~In tothe ~~Unaudited~~third ~~Condensed~~quarter ~~Consolidated~~2019, ~~Financial~~the ~~Statements~~Company entered into one convertible note in exchange for $108,000 in cash with a note amount of $120,000. This note matures in one year and carry a 12% interest rates. The note converts into shares of the Company’s common stock at a price of $0.05 per share of Common Stock. Based on the conversion terms the beneficial conversion rights embedded in this convertible note was recorded as a debt discount in the amount of $28,800.

~~(8) NOTES PAYABLE TO THIRD PARTIES, continued~~F-15

e)WEST ~~Third~~COAST ~~Party~~VENTURES ~~Note~~GROUP ~~Payable~~CORP.

InNotes March 2015, the Company entered into an agreement with a third party lender, who extended a $3,000,000 Senior Secured Note. Under the terms of this agreement a first draw was entered into in the amount of $375,000 as a Revolving Note. The lender retained $59,713 of this draw as fees. Under the terms of this Note, the Company was required to ~~replace~~Unaudited ~~their~~Condensed ~~credit~~Consolidated ~~card/debit~~Financial card merchant processing to the lender. The lender retained 100% of the credit card/debit card transactions, and forwarded four wire transfers to the Company over a six week period. The credit card/debit card transactions for this six week period amounted to $84,534. The lender remitted $42,379 of this amount to the Company. Of the $42,155 retained by the lender, $14,861 was applied as principal reduction, $7,088 was applied to interest expense and the remaining $20,206 was charged as fees. The Senior Secured Note also called for the payment of a $75,000 investment banking fee.Statements

In(8) ~~May~~NOTES ~~2015,~~PAYABLE ~~when~~TO itTHIRD ~~was determined that this repayment structure was not practical for a restaurant operation~~PARTIES, the lender agreed to restructure the Revolving Note into a Replacement Promissory Note. This Replacement Promissory Note carries interest at a stated rate of 18% with a maturity of June 1, 2016. The lender charged the Company a $25,000 penalty to convert the Revolving Note into a Replacement Promissory Note. The Replacement Promissory Note called for interest only payments in June, July and August 2015. Starting in September the terms called for the payment of interest, principal starting at $33,649 increasing monthly to $38,474 in June 2016, as the interest on the then outstanding balance fell. In addition the Replacement Promissory Note called for the payment of a $106,000 Redemption Premium as part of the total monthly payment of $49,651. continued

Asd) aConvertible ~~direct~~Notes ~~result~~- ofFixed ~~delays in opening the new Writer Square location~~Conversion, the lender agreed to interest only payments via ACH draft every Monday. In June 2015, the Company paid $1,080 per week, which was increased to $1,200 per week for July 1 through October 15, 2015. It was then increased to $1,500 per week from October 16, 2015 through the third week of March 2016, when it was increased to $2,000 per week. continued

AtIn ~~both~~the ~~June~~second ~~30,~~quarter 2019, ~~and~~the ~~December~~Company 31entered into one convertible note in exchange for $100,000 ~~2018~~in ~~the~~cash. ~~principal~~This ~~balance~~note matures in one year and carry a 20% interest rates. The note converts into shares of the ~~loan~~Company’s ~~was~~common stock at a price of $~~322~~0.04 per share of Common Stock from October 10,~~220~~ 2019 to maturity. ~~The~~At ~~Company~~maturity ~~also~~it ~~accrued~~is ~~the~~convertible at $~~25,000~~0.05 ~~conversion~~per ~~penalty~~share as long as Company’s Volume Weighted Average Price, (“VWAP”) for the ~~$75,000~~ten ~~investment~~trading ~~banking~~days ~~fee~~prior ~~and~~to the conversion notice is greater than $~~106~~0.07 per share. If the VWAP is below $0.07,~~000~~ ~~redemption~~then ~~premiums~~the asconversion ~~accrued~~formula ~~interest~~is ~~because~~$0.05xVWAP/$0.07. Based on the ~~Replacement~~conversion ~~Promissory~~terms ~~Note~~the ~~allows~~beneficial ~~for~~conversion ~~prepayment~~rights ~~but~~embedded ~~all~~in ~~these~~this ~~Afees”~~convertible ~~were~~note ~~due~~was ~~upon~~recorded ~~prepayment.~~as a debt discount in the amount of $56,250.

~~Certain~~During ~~third~~the ~~parties~~fourth ~~have~~quarter ~~advanced~~of ~~funds~~2018, toone ~~WCVC~~of tothe ~~fund~~parties ~~its~~that ~~ongoing~~purchased ~~operations.~~one ~~These~~of ~~advances~~the ~~have~~variable ~~been~~conversion ~~formalized~~price ~~into~~convertible ~~demand~~ notes ~~payable,~~assigned ~~which~~$50,000 atof ~~September~~their ~~30,~~note ~~2017,~~to ~~amount~~a tothird party for $5450,~~039~~000 ~~and~~in ~~carry~~cash. This new party immediately amended the assigned note portion to a 5%fixed ~~interest~~conversion rate of $0.01 ~~WCVC~~per ~~has~~share aof ~~$250,000~~the Company’s common stock. The maturity date of this note ~~payable~~was ~~which~~extended isto ~~due~~December in31, ~~April~~2021. ~~2018~~The ~~and~~Company ~~carries~~recognized ano 5%gain ~~interest~~or ~~rate~~loss associated with this modification. ~~These~~During ~~liabilities~~the ~~have~~second ~~been~~quarter ~~incorporated~~2019, ~~into~~$39,000 ~~liabilities~~of ~~from~~this ~~discontinued~~note ~~operations~~was converted to 3,900,000 shares of common stock.

~~(9)~~During ~~OPERATING~~the ~~LEASES~~third quarter of 2018, two parties related to each other purchased, through assignment, three of the variable conversion price convertible notes then outstanding. These parties immediately amended the notes to replace the variable conversion rate with a fixed conversion rate of $0.0035 per share of the Company’s common stock. The maturity dates of the three notes was extended to 2020 and 2021.

~~Adoption~~e) ofThird ~~ASC~~Party ~~Topic~~Note ~~842, Leases~~Payable

OnIn ~~January~~March 12015, ~~2019,~~ the Company ~~adopted~~entered ~~Topic~~into ~~842~~an ~~using~~agreement with a third party lender, who extended a $3,000,000 Senior Secured Note. Under the ~~modified~~terms ~~retrospective~~of ~~method~~this ~~applied~~agreement toa ~~leases~~first ~~that~~draw ~~were~~was entered into in ~~place~~the asamount of ~~January 1~~$375,000 ~~2019~~as a Revolving Note. ~~Results~~The ~~for~~lender ~~reporting~~retained ~~periods~~$59,713 ~~beginning~~of ~~after~~this ~~January~~draw 1,as ~~2019~~fees. ~~are~~Under ~~presented~~the ~~under~~terms ~~Topic~~of ~~842~~this Note, ~~while~~the ~~prior~~Company ~~period~~was ~~amounts~~required ~~are~~to ~~not~~replace ~~adjusted~~their ~~and~~credit ~~continue~~card/debit card merchant processing to bethe ~~reported~~lender. inThe ~~accordance~~lender ~~with~~retained ~~our~~100% ~~historic~~of ~~accounting~~the ~~under~~credit ~~Topic~~card/debit ~~840~~card transactions, and forwarded four wire transfers to the Company over a six week period. The ~~Company’s~~credit ~~leases~~card/debit ~~consists~~card oftransactions ~~operating~~for ~~leases~~this ~~that~~six ~~relate~~week period amounted to ~~real~~$84,534. ~~estate~~The ~~rental~~lender ~~agreements.~~remitted ~~All~~$42,379 of ~~the~~this ~~value~~amount ofto the Company’s. ~~lease~~Of ~~portfolio~~the ~~relates~~$42,155 retained by the lender, $14,861 was applied as principal reduction, $7,088 was applied to ~~real~~interest ~~estate~~expense ~~lease~~and ~~agreements~~the ~~that~~remaining ~~were~~$20,206 ~~entered~~was ~~into~~charged ~~starting~~as infees. ~~May~~The ~~2014~~Senior Secured Note also called for the payment of a $75,000 investment banking fee.

~~Practical~~In ~~Expedients~~May 2015, when it was determined that this repayment structure was not practical for a restaurant operation, the lender agreed to restructure the Revolving Note into a Replacement Promissory Note. This Replacement Promissory Note carries interest at a stated rate of 18% with a maturity of June 1, 2016. The lender charged the Company a $25,000 penalty to convert the Revolving Note into a Replacement Promissory Note. The Replacement Promissory Note called for interest only payments in June, July and ~~Elections~~August 2015. Starting in September the terms called for the payment of interest, principal starting at $33,649 increasing monthly to $38,474 in June 2016, as the interest on the then outstanding balance fell. In addition, the Replacement Promissory Note called for the payment of a $106,000 Redemption Premium as part of the total monthly payment of $49,651.

~~The~~As ~~Company~~a ~~elected~~direct ~~the~~result ~~package~~ of ~~practical~~delays ~~expedients~~in ~~permitted~~opening ~~under~~ the ~~transition~~new ~~guidance~~Writer Square location, ~~which~~the ~~allowed~~lender usagreed to ~~carryforward~~interest ~~our~~only ~~historical~~payments ~~lease~~via ~~classification,~~ACH ~~our~~draft ~~assessment~~every onMonday. In ~~whether~~June a2015, ~~contract~~the isCompany orpaid ~~contains~~$1,080 aper ~~lease~~week, ~~and~~which ~~our~~was ~~initial~~increased ~~direct~~to ~~costs~~$1,200 per week for ~~any~~July ~~leases~~1 ~~that~~through ~~exist~~October ~~prior~~15, 2015. It was then increased to ~~adoption~~$1,500 ofper ~~the~~week ~~new~~from ~~standard.~~October We16, ~~also~~2015 ~~elected~~through the ~~short-term~~third ~~lease~~week ~~recognition~~of ~~exemption~~March ~~for~~2016, ~~all~~when ~~leases~~it ~~that~~was ~~qualify~~increased to $2,000 per week.

~~F-15~~At both September 30, 2019 and December 31, 2018, the principal balance of the loan was $322,220. The Company also accrued the $25,000 conversion penalty, the $75,000 investment banking fee and the $106,000 redemption premiums as accrued interest because the Replacement Promissory Note allows for prepayment but all these “fees” were due upon prepayment. This note is currently in litigation.

~~WEST~~Certain ~~COAST~~third ~~VENTURES~~parties ~~GROUP~~have ~~CORP~~advanced funds to WCVC to fund its ongoing operations. These advances have been formalized into demand notes payable, which, at September 30, 2017, amount to $54,039 and carry a 5% interest rate. WCVC has a $250,000 note payable which is due in April 2018 and carries a 5% interest rate. These liabilities have been incorporated into liabilities from discontinued operations.

~~Notes to Unaudited Condensed Consolidated Financial Statements~~F-16

~~(9)~~WEST ~~OPERATING~~COAST ~~LEASES,~~VENTURES ~~continued~~GROUP CORP.

~~Discount~~Notes ~~Rate~~to ~~Applied~~Unaudited toCondensed ~~Property~~Consolidated ~~Operating~~Financial ~~Lease~~Statements

To determine the present value of the minimum future lease payments for operating leases at January 1, 2019, the Company was required to estimate a rate of interest that we would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment (~~the Aincremental borrowing rate” or AIBR”~~9). ~~The~~OPERATING Company determined the appropriate IBR by identifying a reference rate and making adjustments that take into consideration financing options and certain lease-specific circumstances. For the reference rate, the Company used the interest rate average for its latest borrowings.LEASES

~~Right~~Adoption of ~~Use~~ASC ~~Assets~~Topic 842, Leases

~~Right~~On January 1, 2019, the Company adopted Topic 842 using the modified retrospective method applied to leases that were in place as of ~~use~~January ~~assets~~1, 2019. Results for reporting periods beginning after January 1, 2019 are ~~included~~presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 840. The Company’s leases consists of operating leases that relate to real estate rental agreements. All of the ~~unaudited~~value ~~condensed~~of ~~consolidated~~the ~~Balance~~Company’s ~~Sheet~~lease asportfolio ~~follows:~~relates to real estate lease agreements that were entered into starting in May 2014.

~~Non-current~~Practical ~~assets~~Expedients and Elections

~~Right~~The Company elected the package of ~~use~~practical ~~assets~~expedients permitted under the transition guidance, ~~net~~which ofallowed ~~amortization~~us -to $1carryforward our historical lease classification,~~624~~ our assessment on whether a contract is or contains a lease,~~858~~ and our initial direct costs for any leases that exist prior to adoption of the new standard. We also elected the short-term lease recognition exemption for all leases that qualify.

~~Total~~Discount ~~operating~~Rate ~~lease~~Applied ~~cost~~to Property Operating Lease

~~Individual~~To ~~components~~determine the present value of the ~~total~~minimum future lease ~~cost~~payments ~~incurred~~for operating leases at January 1, 2019, the Company was required to estimate a rate of interest that we would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment (the “incremental borrowing rate” or “IBR”). The Company determined the appropriate IBR by identifying a reference rate and making adjustments that take into consideration financing options and certain lease-specific circumstances. For the reference rate, the Company isused asthe ~~follows:~~interest rate average for its latest borrowings.

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease expense	$113,206		$189,487

Right of Use Assets

~~Minimum~~Right ~~rental~~of ~~payments~~use ~~under~~assets ~~operating leases~~ are ~~recognized~~included onin athe ~~straight~~unaudited ~~light~~condensed ~~basis~~consolidated ~~over~~Balance ~~the~~Sheet ~~term~~as ~~of the lease.~~follows:

~~Maturity~~Non-current ~~of operating leases~~assets

~~The~~Right ~~amount~~ of ~~future~~use ~~minimum~~assets, ~~lease~~net ~~payments~~of ~~under~~amortization ~~operating~~- ~~leases at June 30~~$1, ~~2019 are as follows:~~558,289.

	Operating Lease
Undiscounted future minimum lease payments:
2019 (6 months remaining)	$ 257,339
2020	426,062
2021	305,589
2022	234,752
2023	246,641
Thereafter	776,442
Total	2,246,825
Amount representing imputed interest	(577,132)
Total operating lease liability	$ 1,669,693
Current portion of operating lease liability	$ 272,370
Operating lease liability, non-current	$ 1,397,323

Total operating lease cost

~~F-16~~Individual components of the total lease cost incurred by the Company is as follows:

WEST COAST VENTURES GROUP CORP.


	Three Months Ended September 30, 2019	Nine Months Ended September 30, 2019

Operating lease expense	$106,641	$296,128

~~Notes~~Minimum torental ~~Unaudited~~payments ~~Condensed~~under ~~Consolidated~~operating ~~Financial~~leases ~~Statements~~are recognized on a straight light basis over the term of the lease.

~~(10) STOCKHOLDERS’ EQUITY~~F-17

AtWEST ~~June~~COAST ~~30,~~VENTURES ~~2019~~GROUP ~~and December 31, 2018, the Company has 650,000,000 and 250,000,000 shares of par value $0~~CORP.~~001~~ common stock authorized and 56,725,543 and 33,906,532 issued and outstanding, respectively. At June 30, 2019 and December 31, 2018, the Company has 10,000,000 shares of par value $0.001 preferred stock authorized and 500,000 issued and outstanding.

~~Common~~Notes ~~Stock~~to Unaudited Condensed Consolidated Financial Statements

In(9) ~~the~~OPERATING ~~second quarter 2019~~LEASES, the Company issued 1,933,333 shares of common stock as an inducement for the extension of convertible debt, valued at $94,730. The Company issued 3,900,000 shares of common stock valued at $316,500 to settle $39,000 of convertible debt pursuant to the modification of terms to fixed conversion rate. The Company issued 3,333,333 shares of common stock in exchange for services valued at $239,333. The Company issued 5,000,000 shares of common stock in exchange for $50,000 in cash and $279,990 in fixed assets. The Company issued 386,589 shares of common stock in exchange for one-half of the first year rent on the Company’s corporate office, valued at $26,520. The Company issued 1,247,449 shares of common stock in exchange for $67,124 in cash.continued

InMaturity ~~the first quarter 2019, the Company issued 1,713,307 shares~~ of ~~common~~operating stock as a commitment fee for its equity line of credit, valued at $90,000. The Company issued 5,305,000 shares of common stock valued at $300,885 to settle $18,568 of convertible debt pursuant to the modification of terms to fixed conversion rate.leases

InThe ~~the~~amount ~~fourth quarter 2018, the Company issued 10,000,000 shares~~ of ~~common~~future ~~stock~~minimum tolease ~~the~~payments ~~Company’s~~under ~~principal~~operating ~~officer~~leases ~~to settle $100,000 of accrued payroll for him. The Company issued 4,625,000 shares of common stock valued~~ at ~~$289,375~~September ~~to settle $16~~30,~~187~~ of2019 ~~convertible~~are ~~debt~~as ~~and recorded a loss of $273,188.~~follows:

In the third quarter 2018 the Company issued 750,000 shares of common stock in exchange for services valued at $18,750. The Company issued 764,205 shares of common stock valued at $19,769 to settle $7,102 of convertible debt and recorded a loss of $12,767. The Company issued 5,111,000 shares of common stock in exchange for $27,220 in cash.


	Operating Lease
Undiscounted future minimum lease payments:
2019 (3 months remaining)	$ 128,670
2020	426,062
2021	305,589
2022	234,752
2023	246,641
Thereafter	776,442

Total	2,118,156
Amount representing imputed interest	(512,997)

Total operating lease liability	$ 1,605,159
Current portion of operating lease liability	$ 283,179
Operating lease liability, non-current	$ 1,321,980

~~The~~(10) ~~Company~~LIABILITY ~~repurchased~~TO ~~and~~ISSUE ~~retired~~COMMON ~~1,546,727 shares of common stock for $34,000 in cash under a settlement agreement with a convertible note holder.~~STOCK

InDuring the ~~second~~fourth quarter 2018 ~~the~~and ~~Company~~second ~~issued~~quarter ~~650,000~~2019 ~~shares~~the ofCompany ~~common~~entered ~~stock~~into infour ~~exchange~~(4) ~~for~~Securities ~~services~~Purchase ~~valued~~Agreements atwith ~~$59,000.~~three ~~The Company issued 3~~parties,~~349,783~~ ~~shares~~two of ~~common~~whom ~~stock~~are ~~valued~~related atto ~~$266,729~~each toother. ~~settle~~All ~~$94,226~~four of ~~convertible~~these ~~debt.~~SPAs ~~The~~have ~~CEO~~language ofprohibiting the ~~Company~~holder ~~and~~to ~~his~~own ~~spouse~~more ~~contributed~~than ~~22,000,000~~4.99% ~~shares~~ of ~~common stock valued at $3,140,000 to~~ the ~~Company~~issued ~~which~~and ~~cancelled~~outstanding ~~the~~ shares, ~~pursuant to a request from OTC Markets as part~~ of the ~~approval~~Company toat ~~list~~any ~~the common stock on the OTCQB~~time.

In ~~the~~connection ~~first~~with ~~quarter~~these ~~2018~~SPAs the Company ~~issued~~is ~~100,000~~entitled ~~shares~~to ofreceive ~~common~~$906,500 ~~stock~~ in ~~exchange~~cash for ~~services~~the ~~valued~~issuance ~~at $22,600. The Company issued 340,000 shares~~ of common stock, ~~valued~~issuable at ~~$85,000~~per asshare aprices ~~debt~~ranging ~~inducement~~between $0.0035 ~~The~~and ~~Company~~$0.06 ~~issued~~per ~~1,155,829~~share ~~shares~~subject ofto ~~common~~downward ~~stock~~adjustment ~~valued~~based aton ~~$216,140~~volume toweighted ~~settle~~average ~~$16,528~~price ofas ~~convertible~~defined ~~debt~~at ~~and~~the ~~50,898~~date ~~shares~~ of ~~common~~issuance ~~stock~~notice. ~~valued~~The atCompany received $9265,~~518~~500 ~~upon~~in ~~the~~2018 ~~cash-less~~and ~~exercise~~$300,000 ofin a2019 ~~warrant~~under these SPAs.

~~Preferred stock~~F-18

~~The~~WEST ~~rights~~COAST ~~and~~VENTURES ~~privileges~~GROUP ~~of the Series A preferred stock are solely as a “super voting” stock, whereby each one share of Series A holds votes amounting to the equivalent of 100,000 shares of common stock~~CORP. Therefore, the 500,000 shares of Series A issued and outstanding hold aggregate votes equal to 500,000,000 common shares. The Series A shares have no dividend rights, no liquidation preferences, are not transferable and can be redeemed by the holder for $5,000 in cash from the Company for the entire 500,000 share block at the holder’s option.

~~F-17~~Notes to Unaudited Condensed Consolidated Financial Statements

~~WEST~~(11) ~~COAST~~STOCKHOLDERS’ ~~VENTURES GROUP CORP.~~ EQUITY

~~Notes~~At toSeptember ~~Unaudited~~30, ~~Condensed~~2019 ~~Consolidated~~and ~~Financial~~December ~~Statements~~31, 2018, the Company has 2,000,000,000 and 250,000,000 shares of par value $0.001 common stock authorized and 77,105,544 and 33,906,532 issued and outstanding, respectively. At September 30, 2019 and December 31, 2018, the Company has 10,000,000 shares of par value $0.001 preferred stock authorized and 500,000 issued and outstanding.

~~(11)~~Common ~~COMMITMENTS AND CONTINGENCIES~~Stock

In the third quarter 2019, the Company issued 100,000 shares of common stock as an inducement for the extension of convertible debt, valued at $5,460. The Company issued 10,838,698 shares of common stock valued at $322,344 to settle $46,894 of convertible debt pursuant to the modification of terms to fixed conversion rate. The Company issued 1,500,000 shares of common stock valued at $77,250 to settle $25,500 of convertible debt. The Company issued 1,537,246 shares of common stock valued at $57,647 for $32,282 of a Securities Purchase Agreement (SPA) ~~Real~~funded ~~Property~~in ~~Leases~~October 2018. The Company issued 6,404,057 shares of common stock in exchange for $120,423 in cash.

~~The~~In the second quarter 2019, the Company ~~leases~~issued 71,933,333 ~~(seven)~~shares ~~restaurant~~of ~~spaces~~common ~~and~~stock ~~its~~as ~~corporate~~an ~~office~~inducement ~~from~~for ~~unrelated~~the ~~parties~~extension of convertible debt, valued at $94,730. ~~Rent~~The ~~expense~~Company ~~paid~~issued ~~was~~3,900,000 shares of common stock valued at $~~111~~316,~~509~~500 ~~and~~to settle $~~209~~39,~~038~~000 ~~and~~of convertible debt pursuant to the modification of terms to fixed conversion rate. The Company issued 3,333,333 shares of common stock in exchange for services valued at $~~211~~239,~~294~~333. The Company issued 5,000,000 shares of common stock in exchange for $50,000 in cash and $~~102~~279,~~188~~990 in fixed assets. The Company issued 386,589 shares of common stock in exchange for one-half of the ~~three~~first ~~and~~year ~~six~~rent ~~months~~on ~~ended~~the ~~June~~Company’s 30corporate office, ~~2019~~valued ~~and~~at ~~2018~~$26,520. The Company issued 1,247,449 shares of common stock in exchange for $67,124 in cash.

~~Future~~In ~~minimum~~the ~~lease~~first ~~payments~~quarter ~~under~~2019, ~~these~~the ~~real~~Company ~~property~~issued ~~lease~~1,713,307 ~~agreements~~shares ~~are~~of common stock as ~~follows:~~a commitment fee for its equity line of credit, valued at $90,000. The Company issued 5,305,000 shares of common stock valued at $300,885 to settle $18,568 of convertible debt pursuant to the modification of terms to fixed conversion rate.

For the Year Ending December 31,	ESSE	IBE	IBA	IBWS	IBCH	IBCS	IPL
2019 (6 months)	$ 8,000	$ 5,600	$ 37,398	$ 51,322	$ 33,739	$ 31,800	$ 31,807
2020	$ -	$ -	$ 77,038	$ 102,643	$ 69,501	$ 65,400	$ 64,690
2021	$ -	$ -	$ 25,931	$ 102,643	$ 23,394	$ 67,200	$ 66,151
2022	$ -	$ -	$ -	$ 104,354	$ -	$ 69,000	$ 67,648
2023	$ -	$ -	$ -	$ 112,908	$ -	$ 70,800	$ 69,183
Thereafter	$ -	$ -	$ -	$ 206,997	$ -	$ 354,000	$ 235,757
Total minimum lease payments	$ 8,000	$ 5,600	$ 140,367	$ 680,867	$ 126,634	$ 658,200	$ 535,236
	WCVC	Total
2019 (6 months)	$ 13,260	$ 212,925
2020	$ 26,520	$ 405,792
2021	$ 13,260	$ 298,579
2022	$ -	$ 241,002
2023	$ -	$ 252,891
Thereafter	$ -	$ 796,754
Total minimum lease payments	$ 53,040	$ 2,207,943

In the fourth quarter 2018, the Company issued 10,000,000 shares of common stock to the Company’s principal officer to settle $100,000 of accrued payroll for him. The Company issued 4,625,000 shares of common stock valued at $289,375 to settle $16,187 of convertible debt and recorded a loss of $273,188.

~~ESSE:~~In Elthe ~~Senor~~third ~~Sol~~quarter -2018 ~~Evergreen;~~the ~~IBE:~~Company ~~Illegal~~issued ~~Burger~~750,000 -shares ~~Evergreen;~~of ~~IBA:~~common ~~Illegal~~stock ~~Burger~~in -exchange ~~Arvada;~~for ~~IBWS~~services -valued ~~Illegal~~at ~~Burger~~$18,750. -The ~~Writer~~Company ~~Square;~~issued ~~IBCH~~764,205 -shares ~~Illegal~~of ~~Burger~~common -stock ~~Capital~~valued ~~Hill;~~at ~~IBCS~~$19,769 -to ~~Illegal~~settle ~~Burger~~$7,102 -of ~~CitiSet;~~convertible ~~IPL~~debt -and ~~Illegal~~recorded ~~Pizza~~a -loss ~~Lauderhill;~~of ~~WCVC~~$12,767. -The ~~corporate~~Company ~~office~~issued 5,111,000 shares of common stock in exchange for $27,220 in cash.

The Company’s ~~leases~~repurchased and retired 1,546,727 shares of common stock for El$34,000 ~~Senor~~in ~~Sol~~cash Bunder ~~Evergreen~~a ~~locations~~settlement ~~expire~~agreement onwith ~~August~~a ~~31,~~convertible ~~2019~~note holder.

~~F-18~~In the second quarter 2018 the Company issued 650,000 shares of common stock in exchange for services valued at $59,000. The Company issued 3,349,783 shares of common stock valued at $266,729 to settle $94,226 of convertible debt. The CEO of the Company and his spouse contributed 22,000,000 shares of common stock valued at $3,140,000 to the Company which cancelled the shares, pursuant to a request from OTC Markets as part of the approval to list the common stock on the OTCQB.

~~WEST~~In ~~COAST~~the ~~VENTURES~~first ~~GROUP~~quarter ~~CORP~~2018 the Company issued 100,000 shares of common stock in exchange for services valued at $22,600. The Company issued 340,000 shares of common stock valued at $85,000 as a debt inducement. The Company issued 1,155,829 shares of common stock valued at $216,140 to settle $16,528 of convertible debt and 50,898 shares of common stock valued at $9,518 upon the cash-less exercise of a warrant.

~~Notes~~Preferred ~~to Unaudited Condensed Consolidated Financial Statements~~stock

~~(11)~~The ~~COMMITMENTS~~rights ~~AND~~and ~~CONTINGENCIES~~privileges of the Series A preferred stock are solely as a “super voting” stock, ~~continued~~whereby each one share of Series A holds votes amounting to the equivalent of 100,000 shares of common stock. Therefore, the 500,000 shares of Series A issued and outstanding hold an aggregate votes equal to 500,000,000 common shares. The Series A shares have no dividend rights, no liquidation preferences, are not transferable and can be redeemed by the holder for $5,000 in cash from the Company for the entire 500,000 share block at the holders’ option.

~~b) Other~~F-19

~~The~~WEST ~~Company~~COAST isVENTURES ~~subject~~GROUP ~~to asserted claims and liabilities that arise in the ordinary course of business~~CORP. The Company maintains insurance policies to mitigate potential losses from these actions. In the opinion of management, the amount of the ultimate liability with respect to those actions will not materially affect the Company’s financial position or results of operations.

c)Notes ~~Litigation~~to Unaudited Condensed Consolidated Financial Statements

On(12) ~~October~~COMMITMENTS 8,AND 2018, the creditor holding the First Amended Senior Secured Note from Illegal Burger, LLC filed suit in Broward County, Florida. The creditor is demanding $565,267 plus interest, costs and attorney fees. The Company expects to either negotiate a settlement agreement or to vigorously defend this action. This action is in the discovery phase.CONTINGENCIES

~~(12~~a) ~~CONCENTRATIONS~~Real OFProperty ~~CREDIT~~Leases ~~RISK~~

aThe Company leases 7 (seven) ~~Cash~~restaurant locations and its corporate office from unrelated parties. Rent expense paid was $233,094 and $442,132 and $118,571 and $329,865 for the three and nine months ended September 30, 2019 and 2018.

~~The~~Future ~~Company~~minimum ~~maintains~~lease ~~its~~payments ~~cash~~under inthese ~~bank~~real ~~deposit~~property ~~accounts,~~lease ~~which~~agreements ~~may,~~are atas ~~times, may exceed federally insured limits. The Company had no cash balance in excess of FDIC insured limits at June 30, 2019 and December 31, 2018.~~follows:

(13) SUBSEQUENT EVENTS


For the Year Ending December 31,	ESSE	IBE	IBA	IBWS	IBCH	IBCS	IPL
2019 (3 months)	$ -	$ -	$ 18,699	$ 25,661	$ 16,869	$ 15,900	$ 15,904
2020	$ -	$ -	$ 77,038	$ 102,643	$ 69,501	$ 65,400	$ 64,690
2021	$ -	$ -	$ 25,931	$ 102,643	$ 23,394	$ 67,200	$ 66,151
2022	$ -	$ -	$ -	$ 104,354	$ -	$ 69,000	$ 67,648
2023	$ -	$ -	$ -	$ 112,908	$ -	$ 70,800	$ 69,183
Thereafter	$ -	$ -	$ -	$ 206,997	$ -	$ 354,000	$ 235,757
Total minimum lease payments	$ -	$ -	$ 121,668	$ 655,206	$ 109,764	$ 642,300	$ 519,333

	WCVC	Total
2019 (3 months)	$ 6,630	$ 99,662
2020	$ 26,520	$ 405,792
2021	$ 13,260	$ 298,579
2022	$ -	$ 241,002
2023	$ -	$ 252,891
Thereafter	$ -	$ 796,754
Total minimum lease payments	$ 46,410	$ 2,094,680

a)ESSE: ~~Convertible~~El ~~Notes~~Senor Sol - ~~Variable~~Evergreen; ~~Conversion~~IBE: Illegal Burger - Evergreen; IBA: Illegal Burger - Arvada; IBWS - Illegal Burger - Writer Square; IBCH - Illegal Burger - Capital Hill; IBCS - Illegal Burger - CitiSet; IPL - Illegal Pizza - Lauderhill; WCVC - corporate office. The Company’s leases for El Senor Sol B Evergreen and Illegal Burger - Evergreen locations expired on August 31, 2019 and both are now on a month to month basis.

In the third quarter 2019, the Company entered into five convertible notes in exchange for $437,400. Two of these notes mature in 9 months and three in one year. These notes carry an interest rates of 8% and 12% and one has a 10% Original issue Discount (OIDb). The OID will be recorded as a debt discount and amortized over the life of the loan. The notes convert into shares of the Company’s common stock at a price of 50%, 55% and 60% of the lowest trade price for the Common Stock during the 10 and 20 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes has been recorded as a derivative liability in the amount of $545,329, with a related debt discount of $378,536, and an immediate loss of $166,793. Other

The Company ~~paid~~is ~~off~~subject into ~~cash~~asserted ~~two~~claims ~~convertible~~and ~~notes~~liabilities that arise in the ~~amount~~ordinary course of ~~$303~~business. The Company maintains insurance policies to mitigate potential losses from these actions. In the opinion of management,~~834~~ the amount of the ultimate liability with respect to those actions will not materially affect the Company’s financial position or results of operations.

~~d) Stockholder’s Equity~~F-20

InWEST ~~the~~COAST ~~third~~VENTURES ~~quarter~~GROUP ~~2019, the Company issued 100,000 shares of common stock valued at $5,450 as a debt inducement fee~~CORP. The Company issued 7,005,246 shares of common stock valued at $281,651 to settle $80,320 of debt. The Company issued 1,537,246 shares of common stock valued at $32,282 for cash under a securities purchase agreement from October 2018.

~~F-19~~Notes to Unaudited Condensed Consolidated Financial Statements

(12) COMMITMENTS AND CONTINGENCIES, continued

c) Litigation

On October 8, 2018, the creditor holding the First Amended Senior Secured Note from Illegal Burger, LLC filed suit in Broward County, Florida. The creditor is demanding $565,267 plus interest, costs and attorney fees. The Company expects to either negotiate a settlement agreement or to vigorously defend this action. This action is in the discovery phase.

(13) CONCENTRATIONS OF CREDIT RISK

a) Cash

The Company maintains its cash in bank deposit accounts, which may, at times, may exceed federally insured limits. The Company had no cash balance in excess of FDIC insured limits at September 30, 2019 and December 31, 2018.

(14) SUBSEQUENT EVENTS

a) Convertible Notes - Variable Conversion

In the fourth quarter 2019, the Company entered into one convertible note in exchange for $50,000. This note matures in 9 months. This note carries an interest rate of 12%. The note converts into shares of the Company’s common stock at a price of 55% of the lowest trade price for the Common Stock during the 20 Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. Based on the variable conversion terms the beneficial conversion rights embedded in these convertible notes has been recorded as a derivative liability in the amount of $43,364, with a related debt discount of $43,364, and an immediate loss of $0.

b) Stockholders’ Equity

Subsequent to September 30, 2019, the Company issued 195,941,704 shares of common stock as follows:

* 2.500,000 shares valued at $157,500 as a debt inducement

* 3,997,266 shares valued at $95,135 to settle $13,990 of debt with a fixed rate conversion

* 187,095,944 shares valued at $943,996 to settle $295,001 of debt with a variable rate conversion

* 2,348,494 shares for cash of $27,919.

F-21

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Management’s Discussion and Analysis and Results of Operations

The following management’s discussion and analysis (“MD&A”) should be read in conjunction with West Coast Ventures Group Corp. (“WCVC”) financial statements for the years ended December 31, 2018 and December 31, 2017, and the notes thereto. Additional information relating to WCVC is available through its brand website: www.illegalburger.com and www.westcoastventuresgroupcorp.com

Safe Harbor for Forward-Looking Statements

Certain statements included in this MD&A constitute forward-looking statements, including those identified by the expressions anticipate, believe, plan, estimate, expect, intend, and similar expressions to the extent they relate to NRG or its management. These forward-looking statements are not facts, promises or guarantees; rather, they reflect current expectations regarding future results or events. These forward-looking statements are subject to risks and uncertainties that could cause actual results, activities, performance or events to differ materially from current expectations. These include risks related to revenue growth, operating results, industry, products and litigation, as well as the matters discussed in WCVC MD&A under Risk Factors. Readers should not place undue reliance on any such forward-looking statements. WCVC disclaims any obligation to publicly update or to revise any such statements to reflect any change in the Company’s expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Overview

West Coast Ventures Group Corp. (“our”, “us”, “we” , “WCVC” or the “Company”) was originally incorporated as Energizer Tennis, Corp. on June 16, 2011 in the State of Nevada. On October 4, 2017, effective for accounting purposes on June 30, 2017, WCVC entered into an agreement to acquire Nixon Restaurant Group, Inc. in a transaction accounted for as a reverse acquisition.

Nixon Restaurant Group, Inc. (“us”, “we” NRG or “our”) was formed on October 12, 2015, under the laws of the State of Florida. On October 19, 2015, we issued 20 million shares of common stock to acquire 100% of the ownership interests in J&F Restaurants, LLC, Illegal Burger, LLC and Illegal Burger Writer Square LLC, Colorado Limited Liability Companies controlled by our founder, James Nixon. As a result of the transaction, J&F Restaurants, LLC, Illegal Burger, LLC and Illegal Burger Writer Square LLC became our wholly-owned subsidiaries.

We own and operate the following seven (7) restaurant locations:

J&F Restaurants, LLC was formed in Colorado on March 12, 2011 and owns and operates El Senor Sol, a casual Mexican restaurant located at 29017 Hotel Way, Unit 103B Evergreen, Colorado 80439-8235 which opened in June 2011.

J&F Restaurants, LLC also owns and operates Illegal Burger, an upscale fast casual restaurant located at 29017 Hotel Way, Unit 102B, Evergreen, Colorado 80439-8235 which opened in August 2013.

Illegal Burger, LLC was formed in Colorado on May 31, 2013 and owns and operates Illegal Burger, an upscale fast food restaurant located at 15400 W 64^th Avenue, Unit E1A, Arvada Colorado 80007-6876which opened in January 2013,

Illegal Burger Writer Square LLC was formed in Colorado on April 19, 2015, and owns and operates an Illegal Burger location at 1512 Larimer Street, Suite R, Denver Colorado 80202-1690 which opened in January 2016, and

Illegal Burger Capital Hill, LLC was formed in Colorado on March 4, 2016 and owns and operates an Illegal Burger location at 609 North Grant Street, Denver Colorado 80202-3506 which opened in June 2016.

Illegal Burger CitiSet, LLC was formed in Colorado on June 21, 2018 and owns and operates an Illegal Burger location at 652 South Colorado Boulevard, Unit A, Denver Colorado 80246 which opened in October 2018.

Illegal Pizza Lauderhill, LLC was formed in Florida on February 5, 2019 and owns and will operate our first Illegal Pizza location at 5401 N. University Dr., Lauderhill, FL 33351 which opened at the end of June 2019.

Illegal Burger Franchising, LLC was formed in Colorado on January 17, 2019 to be the entity to sell franchises, filing and offering documents for such are being prepared.

Illegal Brands, LLC was formed in Colorado on April 1, 2019 to be the entity to sell CBD products which are currently under development.

Illegal Brands IP, LLC was formed in Colorado on April 9, 2019 to own all registered trademarks for Illegal Burger, Illegal Pizza and Illegal Brands, and as such will not have any operations.

Each of our Illegal Burger and Illegal Pizza restaurants offers a full bar. Each of our restaurants offers a full menu and alcoholic beverages including liquor. Our Illegal Burger restaurants offer consumers a practical alternative to the over- commercialized healthy dining craze by offering a variety of burgers made with all never frozen, hormone-free beef, french fries, cheesy taters and adult and virgin milk shares including Nutella, peanut butter, caramel, Oreo, vanilla, chocolate and strawberry as well as a full bar. Our El Senor Sol restaurant offers Mexican food and a full bar including tequila menu. Our new Illegal Pizza concept offers consumers a practical alternative to the over-commercialized healthy dining craze by offering a variety of pizzas made with all never frozen, natural toppings.

Our principal executive office is located at 6610 Holman St, Suite 301, Arvada, Colorado 80004. Our telephone number is (303) 423 1300. Our websites are: www.illegalburger.com and www.illegalpizza.~~com~~restaurant and www.illegalbrands.com and www.westcoastventuresgroupcorp.com .

Three Months Ended ~~June~~September 30, 2019 Compared to the Three Months Ended ~~June~~September 30, 2018

Revenue

For the three months ended ~~June~~September 30, 2019, revenue generated was $~~944~~981,~~424~~367, as compared to $~~746~~806,~~327~~989 for the three months ended ~~June~~September 30, 2018. The year over year increase of approximately 2621.5461% was mainly attributable to our location in Glendale, CO which opened in October 2018 and Lauderhill, FL location which opened the end of June 2019. The year over year same store sales increase of approximately 716.9278% was mainly attributable to expansion of our marketing, especially in the downtown location and an increased emphasis on the various on-line ordering and delivery platforms we employ.

Cost of Sales

Ongoing restaurant cost of sales, ~~decreased~~exclusive of depreciation, increased to $~~894~~1,~~787~~003,454 from $~~700~~648,~~360~~620, or 055.371%. This ~~decrease~~increase was primarily due to an active cost control program instituted during 2018 and increases related to hiring managers at each location. Our ongoing restaurant cost of sales, as a percentage of sales, was approximately 94102.7425% and 9380.8438% for the three months ended ~~June~~September 30, 2019 and 2018, respectively.

Gross Profit

Our ongoing restaurant operations (operating loss) gross profit was ($4922,~~637~~087) and $45158,~~967~~369 for the ~~three~~nine months ended ~~June~~September 30, 2019 and 2018, respectively. Our ongoing restaurant (operating loss) gross profit, as a percentage of sales, was approximately 5(2.2625%) and 619.0862% for the three months ended ~~June~~September 30, 2019 and 2018, respectively.

Our ongoing restaurant gross profit, as a percentage of gross sales was slightly lower in 2019 due to the current trend of high personnel cost in the industry because of heavy competition for personnel from the construction and marijuana industries in Denver; across the board increased prices in our foodstuffs, our increased marketing costs and the start-up costs with our newest concept location - Illegal Pizza Lauderhill. At the end of the first quarter 2018 we raised our prices chain-wide to counteract the decrease in gross profit seen in the first quarter.

General and Administrative Expenses

2General and administrative expenses for the three months ended September 30, 2019 were $392,672 compared to $281,893 for the three months ended September 30, 2018. The increase was the result principally due to share based compensation to third parties.

General and administrative expenses for the three months ended June 30, 2019 were $556,738 compared to $165,901 for the three months ended June 30, 2018. The increase was the result principally due to share based compensation to third parties.

Net Loss

Net loss for the three months ended ~~June~~September 30, 2019 was $1,~~185~~072,~~514~~744 compared to a net loss of $~~938~~486,~~984~~470 for the three months ended ~~June~~September 30, 2018. This increase in the loss was the result of many factors: high personnel cost in the industry because of heavy competition for personnel from the construction and marijuana industries in Denver; across the board increased prices in our foodstuffs and our increased marketing costs; ongoing public company expenses, interest expense and principally, derivative costs.

~~Six~~Nine Months Ended ~~June~~September 30, 2019 Compared to the ~~Six~~Nine Months Ended ~~June~~September 30, 2018

Revenue

For the six months ended June 30, 2019, revenue generated was $1,784,039, as compared to $1,437,327 for the six months ended June 30, 2018. The year over year increase of approximately 24.14% was mainly attributable to a full six months of the CitiSet location operations, expansion of our marketing, especially in the downtown location and an increased emphasis on the various on-line ordering and delivery platforms we employ.5

For the nine months ended September 30, 2019, revenue generated was $2,765,406, as compared to $2,244,075 for the nine months ended September 30, 2018. The year over year increase of approximately 23.23% was mainly attributable to a full nine months of the CitiSet location operations and three months of the Lauderhill location, expansion of our marketing, especially in the downtown location and an increased emphasis on the various on-line ordering and delivery platforms we employ.

Cost of Sales

Ongoing restaurant cost of sales, exclusive of depreciation increased to $12,~~752~~716,~~439~~453 from $12,~~356~~005,~~935~~555, or 2935.1545%. This increase was primarily due to a full ~~six~~nine months of the CitiSet location operations high personnel cost in the industry because of heavy competition for personnel from the construction and marijuana industries in Denver; across the board increased prices in our foodstuffs and our increased marketing costs and hiring managers for all locations. Our ongoing restaurant cost of sales, as a percentage of sales, was approximately 98.23% and 9489.437% for the ~~six~~nine months ended ~~June~~September 30, 2019 and 2018, respectively.

Gross Profit

Our ongoing restaurant operations gross profit was $3148,~~600~~953 and $80238,~~151~~520 for the ~~six~~nine months ended ~~June~~September 30, 2019 and 2018, respectively. Our ongoing restaurant gross profit, as a percentage of sales, was approximately 1.77% and 510.6% for the ~~six~~nine months ended ~~June~~September 30, 2019 and 2018, respectively.

Our ongoing restaurant gross profit, as a percentage of gross sales was lower in 2019 because of the current trend of high personnel cost in the industry because of heavy competition for personnel from the construction and marijuana industries in Denver; across the board increased prices in our foodstuffs and our increased marketing costs. At the end of the first quarter 2018 we raised our prices chain-wide to counteract the decrease in gross profit seen in the first quarter.

General and Administrative Expenses

General and administrative expenses for the ~~six~~nine months ended ~~June~~September 30, 2019 were $~~902~~1,~~241~~291,913 compared to $~~552~~834,~~281~~174 for the ~~six~~nine months ended ~~June~~September 30, 2018. The increase was the result principally due to share based compensation to third parties.

Net Loss

Net loss for the ~~six~~nine months ended ~~June~~September 30, 2019 was $23,~~307~~380,~~995~~739 compared to a net loss of $12,~~637~~123,~~083~~553 for the ~~six~~nine months ended ~~June~~September 30, 2018. This increase in the loss was the result of many factors: high personnel cost in the industry because of heavy competition for personnel from the construction and marijuana industries in Denver; across the board increased prices in our foodstuffs and our increased marketing costs; ongoing public company expenses and principally, derivative costs.

Liquidity and Capital Resources

Cash Flow Activities

Cash was $~~287~~78,~~500~~020 at ~~June~~September 30, 2018 and $9,635 at December 31, 2018.

Financing Activities

During the ~~six~~nine months ended ~~June~~September 30, 2019, we received proceeds of $1,~~009~~858,000 from issuance of convertible notes and repaid $~~604~~1,~~992~~077,348 of convertible debt; $~~375~~275,000 from the issuance of third party debt and repaid $~~118~~223,~~596~~296 of third party debt and received $130,~~800~~866 and repaid $164,363 of our officer loan; $67120,~~124~~423 from the sale of shares of common stock and $~~250~~310,000 for shares of common stock to be issued. During the ~~six~~nine months ended ~~June~~September 30, 2018, we received proceeds of $~~280~~348,000 from issuance of convertible notes; $21181,~~300~~998 from third party debt and repaid $36109,~~616~~031 of third party debt, $1549,~~900~~000 for common shares to be issued, $27,220 for the sale of common shares, expended $34,000 to repurchase shares under a settlement agreement, $12,296 from and repaid $9,980 of our officer loan and $4079,~~671~~968 from a bank overdraft.

Critical Accounting Policies and Estimates

We consider our critical accounting policies to be those that require the more significant judgments and estimates in the ~~preparation of financial statements, including the following:~~

preparation of financial statements, including the following:

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, trade receivables, prepaid expenses, payables, accrued expenses and notes payable. Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. We consider the carrying values of our financial instruments in the condensed consolidated financial statements to approximate fair value, due to their short-term nature.

Property and Equipment

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is provided for using straight-line methods over the estimated useful lives of the respective assets, usually three to seven years.

Valuation of Long-Lived Assets

We periodically evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset were less than the carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value. We do not believe that there has been any impairment to long-lived assets as of ~~June~~September 30, 2019 and 2018.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements as defined in Regulation S-K Item 303(a)(4).

Recent Accounting Pronouncements

(See “Recently Issued Accounting Pronouncements” in Note 3 of Notes to the Financial Statements.)

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of ~~June~~September 30, 2019. This evaluation was carried out under the supervision and with the participation of our President and our Chief Financial Officer. Based upon that evaluation, our President and Chief Financial Officer concluded that, as of ~~June~~September 30, 2019, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of ~~June~~September 30, 2019, our disclosure controls and procedures were not effective for the following reasons: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Remediation Plan to Address the Material Weaknesses in Internal Control over Financial Reporting

Our company plans to take steps to enhance and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending December 31, 2019: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the quarter ended ~~June~~September 30, 2019, that have materially affected, or are reasonable likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

On October 8, 2018, the creditor holding the First Amended Senior Secured Note from Illegal Burger, LLC filed suit in Broward County, Florida. The Company has received an extension of time to answer this lawsuit. The Company expects to either negotiate a settlement agreement or to vigorously defend this action. This action is currently in the discovery phase.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In the fourth quarter 2019,the Company issued 2.500,000 shares of common stock valued at $157,500 as a debt inducement fee. The Company issued 3,997,266 shares of common stock valued at $95,135 to settle $13,990 of debt with a fixed rate conversion. The Company issued 187,095,944 shares of common stock valued at $943,996 to settle $295,001 of debt with a variable rate conversion. The Company issued 2,348,494 shares of common stock for cash of $27,919.

In the third quarter 2019, the Company issued 100,000 shares of common stock as an inducement for the extension of convertible debt, valued at $5,460. The Company issued 10,838,698 shares of common stock valued at $322,344 to settle $46,894 of convertible debt pursuant to the modification of terms to fixed conversion rate. The Company issued 1,500,000 shares of common stock valued at $77,250 to settle $25,500 of convertible debt. The Company issued 1,537,246 shares of common stock valued at $57,647 for $32,282 of a Securities Purchase Agreement (SPA) funded in October 2018. The Company issued 6,404,057 shares of common stock in exchange for $120,423 in cash.

In the second quarter 2019, the Company issued 1,933,333 shares of common stock as an inducement for the extension of convertible debt, valued at $94,730. The Company issued 3,900,000 shares of common stock valued at $316,500 to settle $39,000 of convertible debt pursuant to the modification of terms to fixed conversion rate. The Company issued 3,333,333 shares of common stock in exchange for services valued at $239,333. The Company issued 5,000,000 shares of common stock in exchange for $50,000 in cash and $279,990 in fixed assets. The Company issued 386,589 shares of common stock in exchange for one-half of the first year rent on the Company’s corporate office, valued at $26,520. The Company issued 1,247,449 shares of common stock in exchange for $67,124 in cash.

In the first quarter 2019 the Company issued 1,713,307 shares of common stock as a commitment fee for its equity line of credit, valued at $90,000. The Company issued 5,305,000 shares of common stock valued at $300,885 to settle $18,568 of convertible debt.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits


Exhibit Number	Description
(3)	Articles of Incorporation
3.1	Articles of Merger by and between the Company and its wholly owned subsidiary, West Coast Ventures Group Corp, filed with the Nevada Secretary of State on February 4, 2016. (filed with the SEC on May 12, 2017 as Exhibit 3.1 to the Company’s Annual Report on Form 10-K)
3.2	Certificate of Amendment of Articles of Incorporation, filed with the Nevada Secretary of State on February 4, 2016. (filed with the SEC on May 12, 2017 as Exhibit 3.2 to the Company’s Annual Report on Form 10-K)
(31)	Rule 13a-14 (d)/15d-14d) Certifications
31.1*	Section 302 Certification by the Principal Executive Officer
31.2*	Section 302 Certification by the Principal Financial Officer and Principal Accounting Officer
(32)	Section 1350 Certifications
32.1**	Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*	Interactive Data File
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
* Filed herewith. ** Furnished herewith.

710

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		WEST COAST VENTURES GROUP CORP.
		(Registrant)
Dated: August 19, 2019		/s/ James M. Nixon
Dated: November 19, 2019		/s/ James M. Nixon
		James M. Nixon
		President, Chief Executive Officer, Chief Financial Officer, Secretary and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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Filing Compare · WEST COAST VENTURES GROUP CORP.