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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Healthier Choices Management Corporation (PK) | USOTC:HCMC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.000049 | -98.00% | 0.000001 | 0.00005 | 0.0001 | 0.0001 | 0.000001 | 0.000001 | 99,448,086 | 18:03:20 |
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(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Item 9.01
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Exhibits
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Exhibit No.
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Name
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Healthier Choices Management Corp.
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Date: October 25, 2022
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By:
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/s/ Jeffrey E. Holman
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Jeffrey E. Holman
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Chief Executive Officer
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Net sales from operations for the three-month period ended September 30, 2022, amounted to $5.8 million, compared to $3.3 million, an approximately
$2.5 million and 76.7% increase versus the same period in 2021.
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•
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Gross margin from operations increased by approximately $0.5 million for the three-month period ended September 30, 2022, amounting to $1.9
million, compared to $1.4 million for the same period in 2021, a 35.7% year-over-year increase.
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•
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Loss from operations for the three-month period ended September 30, 2022, amounted to approximately $2.1 million versus a $1.0 million loss for the
same period last year. It should be noted that over $0.9 million in non-recurring expenses were incurred during the three-month period ended September 30, 2022. The balance of the prior year variance is primarily attributable to the closure
of the retail stores in the vapor segment.
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•
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Net sales from operations for the nine-month period ended September 30, 2022, amounted to a record $17 million, compared to $10 million, an
approximately $7 million increase and a record 67.5% increase versus the same period in 2021.
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•
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Gross margin from operations increased by approximately $1.8 million for the nine-month period ended September 30, 2022, amounting to a record $6.2
million, compared to $4.3 million for the same period in 2021, a 42.5% year-over-year increase.
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2022
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2021
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2022
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2021
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Total sales, net
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$
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5,776,730
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$
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3,269,508
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$
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16,957,343
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$
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10,121,153
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Total cost of sales
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3,909,606
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1,893,119
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10,786,780
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5,790,399
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GROSS PROFIT
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1,867,124
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1,376,389
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6,170,564
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4,330,754
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Total operating expenses
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3,985,377
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2,427,256
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11,012,070
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6,599,224
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LOSS FROM OPERATIONS
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(2,118,253
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)
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(1,050,867
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)
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(4,841,506
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)
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(2,268,470
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)
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Total other income (expense), net
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43,216
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986
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103,091
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701,996
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NET LOSS FROM CONTINUING OPERATIONS
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$
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(2,075,037
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)
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$
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(1,049,881
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)
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$
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(4,738,415
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)
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$
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(1,566,474
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)
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2022
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2021
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2022
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2021
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Adjusted EBITDA
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Loss from operations
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$
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(2,118,253
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)
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$
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(1,050,867
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)
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$
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(4,841,506
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)
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$
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(2,268,470
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)
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Impairment loss
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-
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-
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-
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-
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Depreciation and amortization
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230,085
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117,966
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652,162
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379,536
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Stock compensation
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-
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-
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-
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34,375
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Adjusted EBITDA
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$
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(1,888,168
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)
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$
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(932,901
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$
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(4,189,344
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$
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(1,854,559
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)
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September 30, 2022
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December 31, 2021
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(UNAUDITED)
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ASSETS
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CURRENT ASSETS
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Cash and cash equivalents
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$
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30,009,173
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$
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26,496,404
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Other current assets
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4,093,308
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2,029,220
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TOTAL CURRENT ASSETS
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34,102,481
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28,525,624
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Other assets
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11,368,005
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5,917,863
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TOTAL ASSETS
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$
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45,470,486
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$
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34,443,487
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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CURRENT LIABILITIES
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Other current liabilities
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$
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4,249,869
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$
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2,523,994
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TOTAL CURRENT LIABILITIES
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4,249,869
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2,523,994
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Other liabilities
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3,885,543
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2,685,836
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TOTAL LIABILITIES
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8,135,412
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5,209,830
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TOTAL STOCKHOLDERS’ EQUITY
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37,335,074
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29,233,657
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TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
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$
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45,470,486
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$
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34,443,487
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●
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Ada’s Natural Market, a natural and organic grocery store offering fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat
and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items (www.AdasMarket.com)
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●
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Paradise Health & Nutrition’s three stores that likewise offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat
and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products and natural household items (www.ParadiseHealthDirect.com)
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|
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●
|
Mother Earth’s Storehouse, a two-store organic and health food and vitamin chain in New York’s Hudson Valley, which has been in existence for over
40 years. (www.MotherEarthStorehouse.com)
|
|
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●
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Greens Natural Foods’ eight stores in New York and New Jersey,
offering a selection of 100% organic produce and all-natural, non-GMO groceries & bulk foods; a wide selection of local products; an organic juice and smoothie bar; a fresh foods department, which offers fresh and healthy “grab &
go” foods; a full selection of vitamins & supplements; as well as health and beauty products (www.GreensNaturalFoods.com)
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Document and Entity Information |
Oct. 24, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 24, 2022 |
Entity File Number | 001-36469 |
Entity Registrant Name | HEALTHIER CHOICES MANAGEMENT CORP. |
Entity Central Index Key | 0000844856 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 84-1070932 |
Entity Address, Address Line One | 3800 NORTH 28TH WAY, #1 |
Entity Address, City or Town | HOLLYWOOD |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 33020 |
City Area Code | 305 |
Local Phone Number | 600-5004 |
Title of 12(b) Security | Common Stock, par value $0.0001 per share |
Trading Symbol | HCMC |
Security Exchange Name | NONE |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
1 Year Healthier Choices Manage... (PK) Chart |
1 Month Healthier Choices Manage... (PK) Chart |
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