Innovative Food Holdings Inc (IVFH) financial statements (2023 and earlier)

Company profile

Business Address 28411 RACE TRACK ROAD
BONITA SPRINGS, FL 34135
State of Incorp. FL
Fiscal Year End December 31
SIC 5141 - Groceries, General Line (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments6,1235,0603,9664,7605,1333,7641,645
Cash and cash equivalents6,1235,0603,9664,7605,1333,7641,645
Receivables3,2572,3803,3103,0402,0431,5381,651
Inventory, net of allowances, customer advances and progress billings3,1103,7202,3512,301938815921
Inventory3,1103,7202,3512,301938815921
Disposal group, including discontinued operation    326 1,767
Other current assets314287274144875569
Total current assets:12,80411,4479,90010,2458,5266,1736,053
Noncurrent Assets
Finance lease, right-of-use asset669776175
Operating lease, right-of-use asset232247194
Property, plant and equipment8,1868,5506,6452,4571,9552,0682,193
Long-term investments and receivables287497435340202209150
Long-term investments287497435340202209150
Intangible assets, net (including goodwill), including:1,5331,5333,5264,3421,337708940
Goodwill  2,1833,059   
Intangible assets, net (excluding goodwill)721001,3431,283340340572
Other undisclosed intangible assets, net (including goodwill)1,4611,432  997368368
Disposal group, including discontinued operation, noncurrent assets      4,666
Other undisclosed noncurrent assets72100     
Total noncurrent assets:10,97911,70310,9757,1383,4942,9857,949
TOTAL ASSETS:23,78323,15020,87517,38312,0209,15814,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,7035,0994,0103,6901,8373,1201,703
Accounts payable5,4154,9143,9353,4251,6531,5481,624
Accrued liabilities     1,479 
Employee-related liabilities288184752651849379
Deferred revenue1,6312,918500
Debt6191,9467589293471,589638
Due to related parties     65459
Disposal group, including discontinued operation      10,512
Business combination, contingent consideration, liability187187187473200  
Deferred tax liabilities   1,069
Other undisclosed current liabilities2,0572,05815057616627671
Total current liabilities:10,19812,2075,6055,6672,3995,40015,051
Noncurrent Liabilities
Long-term debt and lease obligation6,0676,9492151,1968661,1381,624
Long-term debt, excluding current maturities5,4096,151 1,1968661,1381,624
Finance lease, liability499638155
Operating lease, liability15815960
Liabilities, other than long-term debt109117157358200 2,466
Due to related parties      165
Disposal group, including discontinued operation, liabilities      2,301
Business combination, contingent consideration, liability109117157358200  
Other undisclosed noncurrent liabilities  3,881   244
Total noncurrent liabilities:6,1757,0654,2531,5541,0661,1384,334
Total liabilities:16,37319,2729,8587,2213,4656,53819,386
Stockholders' equity
Stockholders' equity attributable to parent7,4103,87811,01710,1628,5552,619(5,383)
Common stock5444432
Treasury stock, value(1,141)(1,141)(1,141)(1,016)(992)(175)(160)
Additional paid in capital41,66337,41536,89036,13236,19733,97432,345
Accumulated deficit(33,116)(32,400)(24,735)(24,958)(26,653)(31,183)(37,570)
Total stockholders' equity:7,4103,87811,01710,1628,5552,619(5,383)
TOTAL LIABILITIES AND EQUITY:23,78323,15020,87517,38312,0209,15814,002

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues62,21251,67657,90352,92641,24535,17230,648
Cost of revenue
(Cost of Goods and Services Sold)
(45,261)(37,860)(41,255)(36,842)(27,619)(24,502)(21,461)
Gross profit:16,95113,81716,64816,08413,62610,6709,188
Operating expenses(20,540)(21,231)(16,464)(14,129)(8,937)(7,370)(8,991)
Operating income (loss):(3,589)(7,414)1841,9554,6893,300197
Nonoperating income (expense)2,873(251)39(104)(160)(483)(571)
Investment income, nonoperating3,425 132   5
Debt instrument, convertible, beneficial conversion feature      648
Interest and debt expense3,425(303)(109)(115)(160)(483)(576)
Other undisclosed income from continuing operations before equity method investments, income taxes 303109115160483576
Income (loss) from continuing operations before equity method investments, income taxes:2,709(7,665)2231,8514,5292,816(374)
Other undisclosed loss from continuing operations before income taxes(3,425)      
Income (loss) from continuing operations before income taxes:(716)(7,665)2231,8514,5292,816(374)
Income tax expense   (155)(388)  
Income (loss) from continuing operations:(716)(7,665)2231,6964,1412,816(374)
Income (loss) from discontinued operations     3,571(26,802)
Income (loss) before gain (loss) on sale of properties:(716)(7,665)2231,6964,1416,388(27,176)
Other undisclosed net income    388  
Net income (loss) available to common stockholders, diluted:(716)(7,665)2231,6964,5296,388(27,176)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(716)(7,665)2231,6964,5296,388(27,176)
Comprehensive income (loss), net of tax, attributable to parent:(716)(7,665)2231,6964,5296,388(27,176)

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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