Innovative Food Holdings Inc (IVFH) financial statements (2020 and earlier)

Company profile

Business Address 28411 RACE TRACK ROAD
BONITA SPRINGS, FL 34135
State of Incorp. FL
Fiscal Year End December 31
SIC 5141 - Groceries, General Line (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 554232
Cash and cash equivalents 554232
Receivables 322221
Inventory, net of allowances, customer advances and progress billings 211111
Inventory 211111
Disposal group, including discontinued operation  0 2  
Deferred tax assets    (1) 
Other current assets 000010
Other undisclosed current assets     1 
Total current assets: 1096674
Noncurrent Assets
Property, plant and equipment 222221
Long-term investments and receivables 00000 
Long-term investments 00000 
Intangible assets, net (including goodwill), including: 4111241
Goodwill 3     
Intangible assets, net (excluding goodwill) 100131
Other undisclosed intangible assets, net (including goodwill)  100200
Disposal group, including discontinued operation, noncurrent assets    5 
Total noncurrent assets: 7338262
TOTAL ASSETS: 1712914326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 423241
Accounts payable 32224 
Accrued liabilities   1   
Employee-related liabilities 000000
Interest and dividends payable     1 
Other undisclosed accounts payable and accrued liabilities     (1)1
Debt 102111
Due to related parties   0000
Disposal group, including discontinued operation    11  
Business combination, contingent consideration, liability 00   
Deferred revenue and credits   5 
Deferred tax liabilities   11 
Other undisclosed current liabilities 101131
Total current liabilities: 62515144
Noncurrent Liabilities
Long-term debt and lease obligation 111211
Long-term debt, excluding current maturities 111211
Liabilities, other than long-term debt 00 22 
Due to related parties    02 
Disposal group, including discontinued operation, liabilities    2  
Business combination, contingent consideration, liability 00   
Other undisclosed noncurrent liabilities    0  
Total noncurrent liabilities: 211431
Total liabilities: 73719175
Stockholders' equity
Stockholders' equity attributable to parent 1093(5)151
Preferred stock      (0)
Common stock 000000
Treasury stock, value (1)(1)(0)(0)(0) 
Additional paid in capital 36363432268
Accumulated deficit (25)(27)(31)(38)(10)(7)
Stockholders' equity attributable to noncontrolling interest     0 
Total stockholders' equity: 1093(5)151
TOTAL LIABILITIES AND EQUITY: 1712914326

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 534135313124
Cost of revenue
(Cost of Goods and Services Sold)
 (37)(28)(25)(21)(23)(17)
Gross profit: 161411987
Operating expenses (14)(9)(7)(9)(11)(6)
Operating income (loss): 2530(3)1
Nonoperating expense (0)(0)(0)(1)(1)(2)
Debt instrument, convertible, beneficial conversion feature    11 
Interest and debt expense (0)(0)(0)(1)(1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes 000112
Income (loss) from continuing operations before income taxes: 253(0)(4)(1)
Income tax expense (0)(0)    
Income (loss) from continuing operations: 243(0)(4)(1)
Income (loss) from discontinued operations   4(27)  
Income (loss) before gain (loss) on sale of properties: 246(27)(4)(1)
Other undisclosed net income  0    
Net income (loss): 256(27)(4)(1)
Net loss attributable to noncontrolling interest     (0) 
Net income (loss) available to common stockholders, diluted: 256(27)(4)(1)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 256(27)(4)(1)
Comprehensive income (loss): 256(27)(4)(1)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (0) 
Comprehensive income (loss), net of tax, attributable to parent: 256(27)(4)(1)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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