Innovative Food Holdings Inc (IVFH) financial statements (2021 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 millions)

9/30/2020
TTM
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 investments 455423
Cash and cash equivalents 455423
Receivables 332222
Inventory, net of allowances, customer advances and progress billings 221111
Inventory 221111
Disposal group, including discontinued operation   0 2 
Deferred tax assets    (1)
Other current assets 000001
Other undisclosed current assets      1
Total current assets: 10109667
Noncurrent Assets
Finance lease, right-of-use asset 0
Operating lease, right-of-use asset 0
Property, plant and equipment 722222
Long-term investments and receivables 000000
Long-term investments 000000
Intangible assets, net (including goodwill), including: 4411124
Goodwill 23    
Intangible assets, net (excluding goodwill) 110013
Other undisclosed intangible assets, net (including goodwill)   10020
Disposal group, including discontinued operation, noncurrent assets     5 
Total noncurrent assets: 11733826
TOTAL ASSETS: 21171291432
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 442324
Accounts payable 432224
Accrued liabilities    1  
Employee-related liabilities 000000
Interest and dividends payable      1
Other undisclosed accounts payable and accrued liabilities      (1)
Deferred revenue 0
Debt 110211
Due to related parties    000
Disposal group, including discontinued operation     11 
Business combination, contingent consideration, liability 000   
Deferred revenue and credits   5
Deferred tax liabilities   11
Other undisclosed current liabilities 010113
Total current liabilities: 66251514
Noncurrent Liabilities
Long-term debt and lease obligation 011121
Long-term debt, excluding current maturities  11121
Finance lease, liability 0
Operating lease, liability 0
Liabilities, other than long-term debt 000 22
Due to related parties     02
Disposal group, including discontinued operation, liabilities     2 
Business combination, contingent consideration, liability 000   
Other undisclosed noncurrent liabilities 4   0 
Total noncurrent liabilities: 421143
Total liabilities: 107371917
Stockholders' equity
Stockholders' equity attributable to parent 111093(5)15
Common stock 000000
Treasury stock, value (1)(1)(1)(0)(0)(0)
Additional paid in capital 373636343226
Accumulated deficit (25)(25)(27)(31)(38)(10)
Stockholders' equity attributable to noncontrolling interest      0
Total stockholders' equity: 111093(5)15
TOTAL LIABILITIES AND EQUITY: 21171291432

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 585341353131
Cost of revenue
(Cost of Goods and Services Sold)
 (41)(37)(28)(25)(21)(23)
Gross profit: 1716141198
Operating expenses (16)(14)(9)(7)(9)(11)
Operating income (loss): 02530(3)
Nonoperating income (expense) 0(0)(0)(0)(1)(1)
Investment income, nonoperating 0   0 
Debt instrument, convertible, beneficial conversion feature     11
Interest and debt expense (0)(0)(0)(0)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 000011
Income (loss) from continuing operations before income taxes: 0253(0)(4)
Income tax expense  (0)(0)   
Income (loss) from continuing operations: 0243(0)(4)
Income (loss) from discontinued operations    4(27) 
Income (loss) before gain (loss) on sale of properties: 0246(27)(4)
Other undisclosed net income   0   
Net income (loss): 0256(27)(4)
Net loss attributable to noncontrolling interest      (0)
Net income (loss) available to common stockholders, diluted: 0256(27)(4)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 0256(27)(4)
Comprehensive income (loss): 0256(27)(4)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (0)
Comprehensive income (loss), net of tax, attributable to parent: 0256(27)(4)

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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