Splash Beverage Group, Inc. (NV) (SBEV) Financial Statements (2024 and earlier)

Company Profile

Business Address 1314 E LAS OLAS BLVD, SUITE 221
FORT LAUDERDALE, FL 33301
State of Incorp. NV
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9032,1464,4322,6014,2068,496
Cash and cash equivalents9032,1464,4322,6014,2068,496
Receivables2,1472,6812,1561,9402,0111,440
Inventory, net of allowances, customer advances and progress billings3,4473,1453,7213,5842,6432,057
Inventory3,4473,1453,7213,5842,6432,057
Prepaid expense397926348586610653
Disposal group, including discontinued operation      252
Total current assets:6,8958,89810,6588,7129,47012,898
Noncurrent Assets
Operating lease, right-of-use asset596674750828881951
Property, plant and equipment424461490557509543
Intangible assets, net (including goodwill)4,9195,0175,1085,5675,6655,763
Goodwill257257257257257 
Intangible assets, net (excluding goodwill)4,6624,7604,8515,3105,4085,763
Other undisclosed noncurrent assets299299299299345457
Total noncurrent assets:6,2386,4516,6477,2527,4007,713
TOTAL ASSETS:13,13315,34917,30515,96316,87020,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6083,0823,5252,4552,7111,856
Interest and dividends payable184167154
Taxes payable15
Accounts payable3,3082,9193,3832,0882,3761,517
Accrued liabilities301163142184167170
Debt4,2721,2761,0801,3871,3212,171
Disposal group, including discontinued operation      392
Business combination, contingent consideration, liability  92921,161  
Due to related parties 75 422
Other undisclosed current liabilities681451269107429592
Total current liabilities:8,5614,9004,9665,1854,4615,434
Noncurrent Liabilities
Long-term debt and lease obligation2372,4322,536786952669
Long-term debt, excluding current maturities2372,4322,536248358 
Liabilities, other than long-term debt365423481   
Operating lease, liability365423481537594669
Other undisclosed noncurrent liabilities    (537)(594)(669)
Total noncurrent liabilities:6022,8553,017786952669
Total liabilities:9,1637,7557,9835,9715,4126,102
Equity
Equity, attributable to parent, including:3,9707,5939,3229,99211,45814,509
Common stock434141403737
Additional paid in capital125,636123,635121,633117,488113,821111,107
Accumulated other comprehensive income (loss)(38)(22)(20)2  
Accumulated deficit(121,671)(116,060)(112,331)(107,538)(102,394)(96,635)
Other undisclosed equity, attributable to parent     (7) 
Total equity:3,9707,5939,3229,99211,45814,509
TOTAL LIABILITIES AND EQUITY:13,13315,34917,30515,96316,87020,611

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,1955,8234,7924,8704,4993,927
Cost of revenue(3,418)(4,061)(1,529)(3,719)(3,826)(3,095)
Gross profit:1,7771,7613,2631,151673832
Operating expenses(5,998)(5,216)(8,033)(6,262)(6,502)(6,516)
Other undisclosed operating income     0 
Operating loss:(4,221)(3,455)(4,771)(5,111)(5,829)(5,684)
Nonoperating expense
(Other Nonoperating expense)
(1,389)(274)(23)(66)(71)(86)
Interest and debt expense(173)(167)(26)(66)(73)(86)
Loss from continuing operations:(5,783)(3,896)(4,819)(5,243)(5,973)(5,856)
Loss before gain (loss) on sale of properties:(5,243)(5,948)(6,080)
Income (loss) from discontinued operations     25(225)
Other undisclosed net income  1675  86
Net loss:(5,783)(3,729)(4,814)(5,243)(5,948)(5,994)
Other undisclosed net income attributable to parent173 2099189 
Net loss attributable to parent:(5,610)(3,729)(4,793)(5,144)(5,759)(5,994)
Other undisclosed net loss available to common stockholders, basic      (0)
Net loss available to common stockholders, diluted:(5,610)(3,729)(4,793)(5,144)(5,759)(5,994)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(5,783)(3,729)(4,814)(5,243)(5,948)(5,994)
Other comprehensive loss(5,626)(3,731)    
Other undisclosed comprehensive loss   (21,711)   
Comprehensive loss, net of tax, attributable to parent:(11,409)(7,460)(26,525)(5,243)(5,948)(5,994)

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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