Healthier Choices Management Corp.

HCMC: 10-Q · periodic report

Healthier Choices Management Corp. (HCMC) filed its 10-Q for the quarter ended June 30, 2026 reporting zero net sales for both the quarter and six-month period, a Q2 net income of $75,236 driven by a $328,373 one-time payroll reclassification from terminating its Transition Services Agreement with Healthy Choice Wellness Corp., and a six-month net loss of $711,559 versus $4,175,473 a year earlier. The filing carries going-concern language: the company had approximately $1.2 million in cash and $0.7 million in negative working capital, with liquidity dependent on its $5 million Sabby revolving facility ($500,000 drawn, $4.5 million available, maturing December 31, 2026) and a $50,000 convertible note from Pinz Capital that converts at $0.00009 per share and includes a warrant for 250 million shares. The Patent Trial and Appeal Board ruled in favor of R.J. Reynolds in March 2026 in the inter partes review of the patent underlying HCMC's Vuse infringement suit, and HCMC appealed to the Federal Circuit on June 1, 2026 — a significant blow to the company's core IP-monetization thesis. Management also concluded disclosure controls and internal control over financial reporting were ineffective as of June 30, 2026, citing material weaknesses in segregation of duties and IT controls. Share dilution remains extreme: 527.2 billion shares outstanding with roughly 108.7 billion share-equivalents of anti-dilutive securities excluded from EPS, while the promised Quitcubes launch slipped to Q3 2026 and a new digital-asset initiative has announced two tokens that have not yet been delivered.

SEC 10-Q•2mo ago

HCMC: NT 10-Q · late filing

Healthier Choices Management Corp. filed a Form 12b-25 (NT 10-Q) notifying the SEC that it will not be able to timely file its Form 10-Q for the quarter ended June 30, 2026. The company attributed the delay to unanticipated difficulties compiling information needed to complete its review, and states it expects to file the quarterly report before the fifth calendar day following the prescribed due date, the standard Rule 12b-25 grace period for 10-Qs. The company also indicated it anticipates no significant change in results of operations versus the prior-year period, and CFO John Ollet signed the notification. For a micro-cap filer, any slippage beyond the grace window or disclosure of underlying accounting issues would be a further negative signal.

SEC NT 10-Q•2mo ago

HCMC: 10-Q · periodic report

Healthier Choices Management Corp. reported a net loss of $786,795 for the quarter ended March 31, 2026, with zero revenue generated from its core operations. The company closed its brick-and-mortar retail stores and delayed the launch of its new Quitcubes product line, resulting in no sales for the period. The filing includes a going concern warning, citing negative working capital of $0.8 million and a history of net losses. To address liquidity, the company terminated a prior credit facility and entered into a new $5 million revolving loan agreement with Sabby Volatility Warrant Master Fund, drawing an initial $500,000. Management disclosed material weaknesses in internal controls, including ineffective segregation of duties and IT access controls. Additionally, the company lost a patent infringement appeal against R.J. Reynolds Vapor Company in March 2026, though it plans to appeal the ruling.

SEC 10-Q•5mo ago