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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,3362652591,2621,2931,5334,354
Cash and cash equivalents6,3362652591,2621,2931,5334,354
Receivables2,0442,3661,4331,9632,7952,7011,686
Inventory, net of allowances, customer advances and progress billings3,4012,9983,5232,8743,7574,7902,285
Inventory3,4012,9983,5232,8743,7574,7902,285
Prepaid expense    120152 
Other undisclosed current assets9272223221161361736
Total current assets:11,8735,7015,4386,3208,1269,5369,060
Noncurrent Assets
Operating lease, right-of-use asset208254
Property, plant and equipment981361892951712273
Long-term investments and receivables    5353 
Accounts and financing receivable, after allowance for credit loss    5353 
Intangible assets, net (including goodwill)2252252252256,5086,9301,037
Goodwill225225225    
Intangible assets, net (excluding goodwill)   2256,5086,9301,037
Deposits noncurrent assets      3
Deferred income tax assets4,370 
Other undisclosed noncurrent assets 101022689813 
Total noncurrent assets:4,9016254245427,4208,0221,044
TOTAL ASSETS:16,7746,3265,8626,86215,54617,55810,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2462,0102,6282,9741,5973,364854
Accounts payable3,2462,0102,6282,9741,5973,364814
Taxes payable      40
Debt 465002,365 (2,070)507
Estimated litigation liability     96 
Customer refund liability 256     
Other liabilities4984644206125401,004153
Other undisclosed current liabilities385  02,5084,140437
Total current liabilities:4,1292,7763,5485,9514,6446,5331,950
Noncurrent Liabilities
Long-term debt and lease obligation611208  3699141,440
Long-term debt, excluding current maturities453   3699141,440
Operating lease, liability158208
Other undisclosed noncurrent liabilities(158)      
Total noncurrent liabilities:611208  3699141,440
Total liabilities:4,7402,9843,5485,9515,0137,4483,390
Stockholders' equity
Stockholders' equity attributable to parent, including:12,0343,3422,31491210,53310,1116,714
Common stock121211110710410482
Treasury stock, value(1,790)(1,619)  44(142) 
Common stock, value, subscriptions    000
Additional paid in capital32,20432,05532,00731,01330,91930,96326,280
Accumulated other comprehensive loss(18,392)(27,106)(29,804)(30,208)(20,447)(20,815)(19,649)
Other undisclosed stockholders' equity attributable to parent    (89)  
Other undisclosed stockholders' equity   (0)0 0
Total stockholders' equity:12,0343,3422,31491210,53310,1116,714
TOTAL LIABILITIES AND EQUITY:16,7746,3265,8626,86215,54617,55810,104

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues21,74419,49717,07717,79925,31417,93119,960
Revenue, net17,79925,31417,93119,960
Cost of revenue(12,350)(11,436)(10,332)(12,708)(15,243)(11,653)(12,867)
Cost of goods and services sold   (12,708)(15,243)(11,653)(12,867)
Gross profit:9,3948,0616,7455,09110,0716,2787,093
Operating expenses(5,190)(5,480)(6,092)(14,043)(9,599)(7,368)(5,241)
Other undisclosed operating loss    (0)  
Operating income (loss):4,2042,581653(8,953)472(1,090)1,852
Nonoperating income (expense)64124(133)(120)104(104)(7)
Interest and debt expense(15)(47)(133)(112)109(90)(95)
Income (loss) from continuing operations before equity method investments, income taxes:4,2532,658387(9,185)686(1,284)1,750
Other undisclosed income from continuing operations before income taxes1547133112   
Income (loss) from continuing operations before income taxes:4,2682,705520(9,073)686(1,284)1,750
Income tax expense (benefit)4,446(7)(11)(689)(2)28(171)
Net income (loss):8,7142,698509(9,762)683(1,256)1,579
Other undisclosed net income (loss) attributable to parent    (315)9095
Net income (loss) attributable to parent:8,7142,698509(9,762)368(1,166)1,674
Preferred stock dividends and other adjustments (63)(105)    
Net income (loss) available to common stockholders, diluted:8,7142,635404(9,762)368(1,166)1,674

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):8,7142,698509(9,762)683(1,256)1,579
Comprehensive income (loss), net of tax, attributable to parent:8,7142,698509(9,762)683(1,256)1,579

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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