Innovative Food Holdings Inc (IVFH) Financial Statements (2024 and earlier)

Company Profile

Business Address 9696 BONITA BEACH ROAD, STE 208
BONITA SPRINGS, FL 34135
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 5141 - Groceries, General Line (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8996,1235,0603,9664,7605,133
Cash and cash equivalents4,8996,1235,0603,9664,7605,133
Receivables4,9693,2572,3803,3103,0402,043
Inventory, net of allowances, customer advances and progress billings3,0543,1103,7202,3512,301938
Inventory3,0543,1103,7202,3512,301938
Disposal group, including discontinued operation     326
Asset, held-for-sale, not part of disposal group      
Other current assets28931428727414487
Total current assets:13,21212,80411,4479,90010,2458,526
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization570669776175
Operating lease, right-of-use asset152232247194
Property, plant and equipment7,9228,1868,5506,6452,4571,955
Long-term investments and receivables  287497435340202
Long-term investments  287497435340202
Intangible assets, net (including goodwill), including:1,5331,5331,5333,5264,3421,337
Goodwill    2,1833,059 
Intangible assets, net (excluding goodwill)31721001,3431,283340
Other undisclosed intangible assets, net (including goodwill) 1,5021,4611,432  997
Other undisclosed noncurrent assets 3172100   
Total noncurrent assets:10,20810,97911,70310,9757,1383,494
TOTAL ASSETS:23,42023,78323,15020,87517,38312,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,8535,7035,0994,0103,6901,837
Employee-related liabilities28818475265184
Accounts payable6,6005,4154,9143,9353,4251,653
Accrued liabilities 253     
Other undisclosed accounts payable and accrued liabilities      
Deferred revenue1,5581,6312,918500
Debt7,6966191,946758929347
Disposal group, including discontinued operation      
Business combination, contingent consideration, liability  187187187473200
Other undisclosed current liabilities3052,0572,05815057616
Total current liabilities:16,41310,19812,2075,6055,6672,399
Noncurrent Liabilities
Long-term debt and lease obligation3336,0676,9492151,196866
Long-term debt, excluding current maturities 5,4096,151 1,196866
Finance lease, liability333499638155
Liabilities, other than long-term debt87109117157358200
Accounts payable and accrued liabilities      
Operating lease, liability8715815960
Business combination, contingent consideration, liability  109117157358200
Other undisclosed noncurrent liabilities    3,881  
Total noncurrent liabilities:4216,1757,0654,2531,5541,066
Total liabilities:16,83316,37319,2729,8587,2213,465
Equity
Equity, attributable to parent6,5877,4103,87811,01710,1628,555
Common stock554444
Treasury stock, value(1,141)(1,141)(1,141)(1,141)(1,016)(992)
Additional paid in capital42,18941,66337,41536,89036,13236,197
Accumulated deficit(34,466)(33,116)(32,400)(24,735)(24,958)(26,653)
Total equity:6,5877,4103,87811,01710,1628,555
TOTAL LIABILITIES AND EQUITY:23,42023,78323,15020,87517,38312,020

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues80,10362,21251,67657,90352,92641,245
Cost of revenue
(Cost of Goods and Services Sold)
(61,415)(45,261)(37,860)(41,255)(36,842)(27,619)
Gross profit:18,68816,95113,81716,64816,08413,626
Operating expenses(19,726)(20,540)(21,231)(16,464)(14,129)(8,937)
Operating income (loss):(1,037)(3,589)(7,414)1841,9554,689
Nonoperating income (expense)(313)2,873(251)39(104)(160)
Investment income, nonoperating 2963,425 132  
Interest and debt expense(41)3,425(303)(109)(115)(160)
Other undisclosed income from continuing operations before equity method investments, income taxes   303109115160
Income (loss) from continuing operations before equity method investments, income taxes:(1,391)2,709(7,665)2231,8514,529
Other undisclosed income (loss) from continuing operations before income taxes41(3,425)    
Income (loss) from continuing operations before income taxes:(1,350)(716)(7,665)2231,8514,529
Income tax expense    (155)(388)
Income (loss) from continuing operations:(1,350)(716)(7,665)2231,6964,141
Income (loss) before gain (loss) on sale of properties:(716)(7,665)2231,6964,141
Loss from discontinued operations      
Other undisclosed net income      388
Net income (loss) available to common stockholders, diluted:(1,350)(716)(7,665)2231,6964,529

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,350)(716)(7,665)2231,6964,529
Comprehensive income (loss), net of tax, attributable to parent:(1,350)(716)(7,665)2231,6964,529

Statements Sources

The financial statements are based on the Company's filings with 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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