Twinlab Consolidated Holdings, Inc. (TLCC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4800 T-REX AVENUE BOCA RATON, FL 33431 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19 | 868 | 3,631 | 424 | 270 | 6,227 | |||
| Cash and cash equivalents | 19 | 868 | 3,631 | 424 | 270 | 6,227 | |||
| Receivables | 2,072 | 4,105 | 6,881 | 8,425 | 6,342 | 8,566 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,402 | 9,407 | 5,814 | 6,301 | 6,569 | 7,945 | |||
| Inventory | 3,402 | 9,407 | 5,814 | 6,301 | 6,569 | 7,945 | |||
| Prepaid expense | 2,195 | 3,119 | 6,560 | ||||||
| Other undisclosed current assets | 194 | 758 | 1,045 | ||||||
| Total current assets: | 5,687 | 15,138 | 17,371 | 17,345 | 16,300 | 29,298 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,889 | 4,165 | 5,480 | 4,710 | ✕ | ||||
| Property, plant and equipment | 9 | 188 | 140 | 65 | 72 | 1,117 | |||
| Intangible assets, net (including goodwill) | 120 | 120 | 576 | 12,071 | 13,181 | 39,105 | |||
| Goodwill | 8,818 | 8,818 | 17,797 | ||||||
| Intangible assets, net (excluding goodwill) | 120 | 120 | 576 | 3,253 | 4,363 | 21,308 | |||
| Other noncurrent assets | 1,290 | 1,301 | 1,301 | 760 | 834 | 1,720 | |||
| Total noncurrent assets: | 3,308 | 5,774 | 7,497 | 17,606 | 14,087 | 41,942 | |||
| TOTAL ASSETS: | 8,995 | 20,912 | 24,868 | 34,951 | 30,387 | 71,240 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 46,654 | 39,937 | 32,891 | 25,071 | 20,208 | 8,081 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 26,844 | 20,359 | 13,895 | |||
| Accounts payable | 6,803 | 6,621 | 6,047 | 4,712 | 6,313 | 8,081 | |||
| Accrued liabilities | 39,851 | 33,316 | |||||||
| Deferred revenue | 2,149 | 1,901 | 2,160 | 3,934 | ✕ | ||||
| Debt | 93,637 | 97,381 | 97,408 | 96,847 | 91,127 | 70,539 | |||
| Derivative instruments and hedges, liabilities | 35 | 4,359 | |||||||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current liabilities | 3,383 | 2,966 | 4,301 | 6,180 | 6,777 | 15,824 | |||
| Total current liabilities: | 145,823 | 142,185 | 136,760 | 132,032 | 118,147 | 98,803 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 5,197 | 476 | 15,000 | ||||||
| Long-term debt, excluding current maturities | 476 | ||||||||
| Other undisclosed long-term debt and lease obligation | (4,592) | 15,000 | |||||||
| Liabilities, other than long-term debt | 2,197 | 4,038 | 1,324 | ||||||
| Deferred gain on sale of property | 1,324 | ||||||||
| Operating lease, liability | 2,197 | 4,038 | 5,197 | 4,592 | ✕ | ||||
| Other undisclosed noncurrent liabilities | (5,197) | ||||||||
| Total noncurrent liabilities: | 2,197 | 4,038 | 5,197 | 5,068 | 16,324 | ||||
| Total liabilities: | 148,020 | 146,223 | 141,957 | 137,100 | 118,147 | 115,127 | |||
| Equity | |||||||||
| Equity, attributable to parent | (139,025) | (125,311) | (117,089) | (102,149) | (87,760) | (43,887) | |||
| Common stock | 394 | 394 | 394 | 393 | 390 | 390 | |||
| Treasury stock, value | (500) | (500) | (500) | (500) | (500) | (500) | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (30) | (30) | (30) | (30) | (30) | (30) | |||
| Additional paid in capital | 231,249 | 231,249 | 231,249 | 231,250 | 231,253 | 230,625 | |||
| Accumulated deficit | (370,138) | (356,424) | (348,202) | (333,262) | (318,873) | (274,372) | |||
| Total equity: | (139,025) | (125,311) | (117,089) | (102,149) | (87,760) | (43,887) | |||
| TOTAL LIABILITIES AND EQUITY: | 8,995 | 20,912 | 24,868 | 34,951 | 30,387 | 71,240 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,617 | 52,584 | 72,089 | 66,349 | 73,460 | 73,291 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (8,605) | (38,240) | (55,511) | (55,470) | (62,275) | (60,204) | ||
| Gross profit: | 5,012 | 14,344 | 16,578 | 10,879 | 11,185 | 13,087 | ||
| Operating expenses | (6,401) | (16,315) | (24,270) | (16,287) | (49,952) | (27,077) | ||
| Operating loss: | (1,389) | (1,971) | (7,692) | (5,408) | (38,767) | (13,990) | ||
| Nonoperating expense | (8,230) | (6,226) | (7,235) | (8,943) | (5,655) | (6,390) | ||
| Other nonoperating income (expense) | 41 | 1,676 | 1,376 | (24) | 1,392 | 21 | ||
| Interest and debt expense | (8,271) | 1,674 | 1,344 | (8,954) | (9,876) | (9,704) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 8,954 | 9,876 | 9,704 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (17,890) | (6,523) | (13,583) | (14,351) | (44,422) | (20,380) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 8,271 | (1,674) | (1,344) | |||||
| Loss from continuing operations before income taxes: | (9,619) | (8,197) | (14,927) | (14,351) | (44,422) | (20,380) | ||
| Income tax expense | (43) | (25) | (13) | (38) | (79) | (29) | ||
| Loss from continuing operations: | (9,662) | (8,222) | (14,940) | (14,389) | (44,501) | (20,409) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (14,940) | (14,389) | (44,501) | (20,409) | |
| Net loss: | (9,662) | (8,222) | (14,940) | (14,389) | (44,501) | (20,409) | ||
| Other undisclosed net loss attributable to parent | (4,052) | |||||||
| Net loss available to common stockholders, basic: | (13,714) | (8,222) | (14,940) | (14,389) | (44,501) | (20,409) | ||
| Dilutive securities, effect on basic earnings per share | (35) | (3,696) | (2,431) | |||||
| Net loss available to common stockholders, diluted: | (13,714) | (8,222) | (14,940) | (14,424) | (48,197) | (22,840) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,662) | (8,222) | (14,940) | (14,389) | (44,501) | (20,409) | ||
| Comprehensive loss, net of tax, attributable to parent: | (9,662) | (8,222) | (14,940) | (14,389) | (44,501) | (20,409) | ||
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.