Fitlife Brands Inc (FTLF) financial statements (2022 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6,3362652591,2621,2931,533
Cash and cash equivalents 6,3362652591,2621,2931,533
Receivables 2,0442,3661,4331,9632,7952,701
Inventory, net of allowances, customer advances and progress billings 3,4012,9983,5232,8743,7574,790
Inventory 3,4012,9983,5232,8743,7574,790
Prepaid expense     120152
Other undisclosed current assets 9272223221161361
Total current assets: 11,8735,7015,4386,3208,1269,536
Noncurrent Assets
Operating lease, right-of-use asset 208254
Property, plant and equipment 98136189295171227
Long-term investments and receivables     5353
Accounts and financing receivable, after allowance for credit loss     5353
Intangible assets, net (including goodwill) 2252252252256,5086,930
Goodwill 225225225   
Intangible assets, net (excluding goodwill)    2256,5086,930
Deferred income tax assets 4,370 
Other undisclosed noncurrent assets  101022689813
Total noncurrent assets: 4,9016254245427,4208,022
TOTAL ASSETS: 16,7746,3265,8626,86215,54617,558
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,2462,0102,6282,9741,5973,364
Accounts payable 3,2462,0102,6282,9741,5973,364
Debt  465002,365 (2,070)
Estimated litigation liability      96
Customer refund liability  256    
Other liabilities 4984644206125401,004
Other undisclosed current liabilities 385  02,5084,140
Total current liabilities: 4,1292,7763,5485,9514,6446,533
Noncurrent Liabilities
Long-term debt and lease obligation 611208  369914
Long-term debt, excluding current maturities 453   369914
Operating lease, liability 158208
Other undisclosed noncurrent liabilities (158)     
Total noncurrent liabilities: 611208  369914
Total liabilities: 4,7402,9843,5485,9515,0137,448
Stockholders' equity
Stockholders' equity attributable to parent, including: 12,0343,3422,31491210,53310,111
Common stock 1212111107104104
Treasury stock, value (1,790)(1,619)  44(142)
Common stock, value, subscriptions     00
Additional paid in capital 32,20432,05532,00731,01330,91930,963
Accumulated other comprehensive loss (18,392)(27,106)(29,804)(30,208)(20,447)(20,815)
Other undisclosed stockholders' equity attributable to parent     (89) 
Other undisclosed stockholders' equity    (0)0 
Total stockholders' equity: 12,0343,3422,31491210,53310,111
TOTAL LIABILITIES AND EQUITY: 16,7746,3265,8626,86215,54617,558

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 21,74419,49717,07717,79925,31417,931
Revenue, net17,79925,31417,931
Cost of revenue (12,350)(11,436)(10,332)(12,708)(15,243)(11,653)
Cost of goods and services sold    (12,708)(15,243)(11,653)
Gross profit: 9,3948,0616,7455,09110,0716,278
Operating expenses (5,190)(5,480)(6,092)(14,043)(9,599)(7,368)
Other undisclosed operating loss     (0) 
Operating income (loss): 4,2042,581653(8,953)472(1,090)
Nonoperating income (expense) 64124(133)(120)104(104)
Interest and debt expense (15)(47)(133)(112)109(90)
Income (loss) from continuing operations before equity method investments, income taxes: 4,2532,658387(9,185)686(1,284)
Other undisclosed income from continuing operations before income taxes 1547133112  
Income (loss) from continuing operations before income taxes: 4,2682,705520(9,073)686(1,284)
Income tax expense (benefit) 4,446(7)(11)(689)(2)28
Net income (loss): 8,7142,698509(9,762)683(1,256)
Other undisclosed net income (loss) attributable to parent     (315)90
Net income (loss) attributable to parent: 8,7142,698509(9,762)368(1,166)
Preferred stock dividends and other adjustments  (63)(105)   
Net income (loss) available to common stockholders, diluted: 8,7142,635404(9,762)368(1,166)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 8,7142,698509(9,762)683(1,256)
Comprehensive income (loss), net of tax, attributable to parent: 8,7142,698509(9,762)683(1,256)

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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