KONA GOLD BEVERAGE, INC. (KGKG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
746 NORTH DRIVE MELBOURNE, FL 32934 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 40 | 704 | 113 | |||
| Cash and cash equivalents | 40 | 704 | 113 | |||
| Receivables | 80 | 16 | (1,485) | |||
| Inventory, net of allowances, customer advances and progress billings | 859 | 575 | 661 | |||
| Inventory | 859 | 575 | 661 | |||
| Prepaid expense | 279 | |||||
| Other current assets | 45 | 30 | 6 | |||
| Other undisclosed current assets | 1,500 | |||||
| Total current assets: | 1,024 | 1,604 | 794 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 967 | |||||
| Operating lease, right-of-use asset | 762 | 913 | ||||
| Property, plant and equipment | 348 | 348 | 168 | |||
| Long-term investments and receivables | (4) | |||||
| Accounts and financing receivable, after allowance for credit loss | (4) | |||||
| Intangible assets, net (including goodwill) | 66 | 76 | 69 | |||
| Intangible assets, net (excluding goodwill) | 66 | 76 | 69 | |||
| Deposits noncurrent assets | 15 | |||||
| Other undisclosed noncurrent assets | 15 | 10 | ||||
| Total noncurrent assets: | 1,192 | 1,406 | 1,157 | |||
| TOTAL ASSETS: | 2,216 | 3,010 | 1,951 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 1,379 | 541 | 580 | |||
| Interest and dividends payable | ✕ | ✕ | 96 | 32 | ||
| Employee-related liabilities | ✕ | ✕ | 330 | 258 | ||
| Accounts payable | 209 | |||||
| Accrued liabilities | 137 | 82 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,242 | 116 | ||||
| Debt | 1,124 | 858 | 900 | |||
| Derivative instruments and hedges, liabilities | 2,121 | 361 | ||||
| Other liabilities | 660 | 60 | ||||
| Due to related parties | ✕ | 1,786 | 6 | 12 | ||
| Other undisclosed current liabilities | 347 | 543 | 1,534 | |||
| Total current liabilities: | 5,295 | 4,129 | 3,387 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 57 | 839 | 764 | |||
| Long-term debt, excluding current maturities | 57 | 25 | ||||
| Other undisclosed long-term debt and lease obligation | (25) | |||||
| Liabilities, other than long-term debt | 629 | 1,716 | 56 | |||
| Lease deposit liability | 1,053 | |||||
| Due to related parties | ✕ | 48 | 56 | |||
| Other liabilities | 615 | |||||
| Operating lease, liability | 629 | 839 | 764 | |||
| Other undisclosed noncurrent liabilities | 451 | 1,989 | ||||
| Total noncurrent liabilities: | 686 | 3,005 | 2,808 | |||
| Total liabilities: | 5,981 | 7,135 | 6,195 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (3,765) | (4,125) | (4,244) | |||
| Preferred stock | 0 | |||||
| Common stock | 20 | 10 | 8 | |||
| Additional paid in capital | 18,441 | 10,779 | 4,746 | |||
| Accumulated deficit | (23,613) | (16,300) | (9,280) | |||
| Other undisclosed equity, attributable to parent | 1,386 | 1,387 | 282 | |||
| Total equity: | (3,765) | (4,125) | (4,244) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,216 | 3,010 | 1,951 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 4,443 | 2,479 | 910 | ||
| Cost of revenue | (3,451) | (2,143) | (654) | ||
| Gross profit: | 992 | 335 | 256 | ||
| Operating expenses | (4,148) | (3,384) | (2,615) | ||
| Other undisclosed operating loss | (1,337) | ||||
| Operating loss: | (3,156) | (4,386) | (2,359) | ||
| Nonoperating income (expense) | (0) | (23) | 6 | ||
| Other nonoperating income (expense) | (0) | (23) | (767) | ||
| Interest and debt expense | (2,347) | (2,039) | (56) | ||
| Loss from continuing operations: | (5,504) | (6,447) | (2,408) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (6,447) | (2,408) | |
| Net loss: | (5,504) | (6,447) | (2,408) | ||
| Other undisclosed net loss attributable to parent | (1,809) | (573) | (717) | ||
| Net loss attributable to parent: | (7,313) | (7,020) | (3,126) | ||
| Other undisclosed net income available to common stockholders, basic | 2,497 | ||||
| Net loss available to common stockholders, diluted: | (7,313) | (7,020) | (628) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (5,504) | (6,447) | (2,408) | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,504) | (6,447) | (2,408) | ||
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.