Fitlife Brands Inc (FTLF) financial statements (2021 and earlier)

Company profile

Business Address 5214 S. 136TH STREET
OMAHA, NE 68137
State of Incorp. NV
Fiscal Year End December 31
SIC 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
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 investments2652591,2621,2931,5334,3543,305
Cash and cash equivalents2652591,2621,2931,5334,3543,305
Receivables2,3661,4331,9632,7952,7011,6861,260
Inventory, net of allowances, customer advances and progress billings2,9983,5232,8743,7574,7902,2852,753
Inventory2,9983,5232,8743,7574,7902,2852,753
Prepaid expense   120152  
Prepaid expense and other current assets127
Other undisclosed current assets72223221161361736689
Total current assets:5,7015,4386,3208,1269,5369,0608,134
Noncurrent Assets
Operating lease, right-of-use asset254
Property, plant and equipment13618929517122736
Long-term investments and receivables   5353 50
Long-term investments      50
Accounts and financing receivable, after allowance for credit loss   5353  
Intangible assets, net (including goodwill)2252252256,5086,9301,0371,037
Goodwill225225     
Intangible assets, net (excluding goodwill)  2256,5086,9301,0371,037
Deposits noncurrent assets     33
Other undisclosed noncurrent assets101022689813  
Total noncurrent assets:6254245427,4208,0221,0441,096
TOTAL ASSETS:6,3265,8626,86215,54617,55810,1049,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0102,6282,9741,5973,3648541,253
Accounts payable2,0102,6282,9741,5973,3648141,205
Taxes payable     4048
Debt465002,365 (2,070)507489
Estimated litigation liability    96  
Customer refund liability256      
Other liabilities4644206125401,004153280
Other undisclosed current liabilities  02,5084,140437453
Total current liabilities:2,7763,5485,9514,6446,5331,9502,475
Noncurrent Liabilities
Long-term debt and lease obligation208  3699141,4401,947
Long-term debt, excluding current maturities   3699141,4401,947
Operating lease, liability208
Total noncurrent liabilities:208  3699141,4401,947
Total liabilities:2,9843,5485,9515,0137,4483,3904,422
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3422,31491210,53310,1116,7144,809
Common stock121111071041048281
Treasury stock, value(1,619)  44(142)  
Common stock, value, subscriptions   000
Additional paid in capital32,05532,00731,01330,91930,96326,28026,050
Accumulated other comprehensive loss(27,106)(29,804)(30,208)(20,447)(20,815)(19,649)(21,322)
Other undisclosed stockholders' equity attributable to parent   (89)  0
Other undisclosed stockholders' equity  (0)0 0(0)
Total stockholders' equity:3,3422,31491210,53310,1116,7144,809
TOTAL LIABILITIES AND EQUITY:6,3265,8626,86215,54617,55810,1049,230

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues19,49717,07717,79925,31417,93119,96019,684
Revenue, net17,79925,31417,93119,96019,684
Cost of revenue(11,436)(10,332)(12,708)(15,243)(11,653)(12,867)(12,549)
Cost of goods and services sold  (12,708)(15,243)(11,653)(12,867)(12,549)
Gross profit:8,0616,7455,09110,0716,2787,0937,135
Operating expenses(5,480)(6,092)(14,043)(9,599)(7,368)(5,241)(5,748)
Other undisclosed operating loss   (0)   
Operating income (loss):2,581653(8,953)472(1,090)1,8521,388
Nonoperating income (expense)124(133)(120)104(104)(7)(5)
Interest and debt expense(47)(133)(112)109(90)(95)(41)
Income (loss) from continuing operations before equity method investments, income taxes:2,658387(9,185)686(1,284)1,7501,342
Other undisclosed income from continuing operations before income taxes47133112    
Income (loss) from continuing operations before income taxes:2,705520(9,073)686(1,284)1,7501,342
Income tax expense (benefit)(7)(11)(689)(2)28(171)(91)
Net income (loss):2,698509(9,762)683(1,256)1,5791,252
Other undisclosed net income (loss) attributable to parent   (315)909541
Net income (loss) attributable to parent:2,698509(9,762)368(1,166)1,6741,292
Preferred stock dividends and other adjustments(63)(105)     
Net income (loss) available to common stockholders, diluted:2,635404(9,762)368(1,166)1,6741,292

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2,698509(9,762)683(1,256)1,5791,252
Comprehensive income (loss), net of tax, attributable to parent:2,698509(9,762)683(1,256)1,5791,252

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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