Fitlife Brands Inc (FTLF) Financial Statements (2024 and earlier)

Company Profile

Business Address 5214 S. 136TH STREET
OMAHA, NE 68137
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)

9/30/2023
MRQ
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 investments13,2779,8976,3362652591,262
Cash and cash equivalents13,2779,8976,3362652591,262
Receivables7059452,0442,3661,4331,963
Inventory, net of allowances, customer advances and progress billings9,1056,5203,4012,9983,5232,874
Inventory9,1056,5203,4012,9983,5232,874
Other undisclosed current assets1163229272223221
Total current assets:23,20317,68411,8735,7015,4386,320
Noncurrent Assets
Operating lease, right-of-use asset103158208254
Property, plant and equipment467098136189295
Intangible assets, net (including goodwill)508550225225225225
Goodwill358358225225225 
Intangible assets, net (excluding goodwill)150192   225
Deposits noncurrent assets      
Deferred income tax assets1,8473,0454,370 
Other undisclosed noncurrent assets    101022
Total noncurrent assets:2,5043,8234,901625424542
TOTAL ASSETS:25,70721,50716,7746,3265,8626,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9952,8803,2462,0102,6282,974
Accounts payable2,9952,8803,2462,0102,6282,974
Debt   465002,365
Customer refund liability590632 256  
Other liabilities   498464420612
Other undisclosed current liabilities685546385  0
Total current liabilities:4,2704,0584,1292,7763,5485,951
Noncurrent Liabilities
Long-term debt and lease obligation 103611208  
Long-term debt, excluding current maturities  453   
Liabilities, other than long-term debt49     
Deferred income tax liabilities    
Operating lease, liability49103158208
Other undisclosed noncurrent liabilities  (103)(158)   
Total noncurrent liabilities:49103611208  
Total liabilities:4,3194,1614,7402,9843,5485,951
Equity
Equity, attributable to parent21,38817,34612,0343,3422,314912
Common stock45461212111107
Treasury stock, value  (2,087)(1,790)(1,619)  
Additional paid in capital30,05632,52932,20432,05532,00731,013
Accumulated other comprehensive loss   (18,392)(27,106)(29,804)(30,208)
Accumulated deficit(8,713)(13,142)    
Other undisclosed equity, attributable to parent      
Other undisclosed equity      (0)
Total equity:21,38817,34612,0343,3422,314912
TOTAL LIABILITIES AND EQUITY:25,70721,50716,7746,3265,8626,862

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues28,80327,91321,74419,49717,07717,799
Revenue, net17,799
Cost of revenue(16,769)(15,409)(12,350)(11,436)(10,332)(12,708)
Cost of goods and services sold(16,769)(15,409)   (12,708)
Gross profit:12,03412,5049,3948,0616,7455,091
Operating expenses(6,333)(6,274)(5,190)(5,480)(6,092)(14,043)
Operating income (loss):5,7016,2304,2042,581653(8,953)
Nonoperating income (expense)12147864124(133)(120)
Loss, foreign currency transaction, before tax      
Interest and debt expense 453(15)(47)(133)(112)
Income (loss) from continuing operations before equity method investments, income taxes:5,8227,1614,2532,658387(9,185)
Other undisclosed income (loss) from continuing operations before income taxes (453)1547133112
Income (loss) from continuing operations before income taxes:5,8226,7084,2682,705520(9,073)
Income tax expense (benefit)(1,393)(1,298)4,446(7)(11)(689)
Income (loss) from continuing operations:4,4295,4108,7142,698509(9,762)
Income (loss) before gain (loss) on sale of properties:5,4108,7142,698509(9,762)
Net income (loss) attributable to parent:4,4295,4108,7142,698509(9,762)
Preferred stock dividends and other adjustments    (63)(105) 
Net income (loss) available to common stockholders, diluted:4,4295,4108,7142,635404(9,762)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):4,4295,4108,7142,698509(9,762)
Other comprehensive loss      
Comprehensive income (loss), net of tax, attributable to parent:4,4295,4108,7142,698509(9,762)

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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