10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-22-008947 |
| Period End Date | 20220331 |
| Filing Date | 20220510 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | celh-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
75.35M | shares | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
74.91M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$16.25M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$25.53M | USD | Point-in-time |
| Accounts receivable-net (note 2) |
AccountsReceivableNetCurrent
|
$72.71M | USD | Point-in-time |
| Accounts receivable-net (note 2) |
AccountsReceivableNetCurrent
|
$38.74M | USD | Point-in-time |
| Common stock, outstanding |
CommonStockSharesOutstanding
|
75.35M | shares | Point-in-time |
| Common stock, outstanding |
CommonStockSharesOutstanding
|
74.91M | shares | Point-in-time |
| Note receivable-current (note 6) |
NotesAndLoansReceivableNetCurrent
|
$2.59M | USD | Point-in-time |
| Note receivable-current (note 6) |
NotesAndLoansReceivableNetCurrent
|
$5.83M | USD | Point-in-time |
| Inventories-net (note 4) |
InventoryNet
|
$184.09M | USD | Point-in-time |
| Inventories-net (note 4) |
InventoryNet
|
$191.22M | USD | Point-in-time |
| Prepaid expenses and other current assets (note 5) |
PrepaidExpenseAndOtherAssetsCurrent
|
$13.55M | USD | Point-in-time |
| Prepaid expenses and other current assets (note 5) |
PrepaidExpenseAndOtherAssetsCurrent
|
$10.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$262.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$298.21M | USD | Point-in-time |
| Note receivable (note 6) |
NotesAndLoansReceivableNetNoncurrent
|
$7.12M | USD | Point-in-time |
| Note receivable (note 6) |
NotesAndLoansReceivableNetNoncurrent
|
$3.89M | USD | Point-in-time |
| Property and equipment-net (note 8) |
PropertyPlantAndEquipmentNet
|
$3.70M | USD | Point-in-time |
| Property and equipment-net (note 8) |
PropertyPlantAndEquipmentNet
|
$3.18M | USD | Point-in-time |
| Deferred tax asset (note 14) |
DeferredIncomeTaxAssetsNet
|
$9.02M | USD | Point-in-time |
| Deferred tax asset (note 14) |
DeferredIncomeTaxAssetsNet
|
$6.40M | USD | Point-in-time |
| Right of use assets-operating leases (note 7) |
OperatingLeaseRightOfUseAsset
|
$1.14M | USD | Point-in-time |
| Right of use assets-operating leases (note 7) |
OperatingLeaseRightOfUseAsset
|
$1.13M | USD | Point-in-time |
| Right of use assets-finance leases (note 7) |
FinanceLeaseRightOfUseAsset
|
$86.00K | USD | Point-in-time |
| Right of use assets-finance leases (note 7) |
FinanceLeaseRightOfUseAsset
|
$220.00K | USD | Point-in-time |
| Long-term security deposits |
DepositsAssets
|
$300.00K | USD | Point-in-time |
| Long-term security deposits |
DepositsAssets
|
$293.00K | USD | Point-in-time |
| Intangibles (note 9) |
IntangibleAssetsNetExcludingGoodwill
|
$15.84M | USD | Point-in-time |
| Intangibles (note 9) |
IntangibleAssetsNetExcludingGoodwill
|
$16.30M | USD | Point-in-time |
| Goodwill (note 9) |
Goodwill
|
$14.24M | USD | Point-in-time |
| Goodwill (note 9) |
Goodwill
|
$14.53M | USD | Point-in-time |
| Total Assets |
Assets
|
$343.92M | USD | Point-in-time |
| Total Assets |
Assets
|
$314.02M | USD | Point-in-time |
| Accounts payable and accrued expenses (note 10) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$91.48M | USD | Point-in-time |
| Accounts payable and accrued expenses (note 10) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$109.31M | USD | Point-in-time |
| Lease liability obligation-operating leases (note 7) |
OperatingLeaseLiabilityCurrent
|
$569.00K | USD | Point-in-time |
| Lease liability obligation-operating leases (note 7) |
OperatingLeaseLiabilityCurrent
|
$512.00K | USD | Point-in-time |
| Lease liability obligation-finance leases (note 7) |
FinanceLeaseLiabilityCurrent
|
$141.00K | USD | Point-in-time |
| Lease liability obligation-finance leases (note 7) |
FinanceLeaseLiabilityCurrent
|
$157.00K | USD | Point-in-time |
| Other current liabilities (note 11) |
OtherLiabilitiesCurrent
|
$1.73M | USD | Point-in-time |
| Other current liabilities (note 11) |
OtherLiabilitiesCurrent
|
$976.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$111.75M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$93.12M | USD | Point-in-time |
| Lease liability obligation-operating leases (note 7) |
OperatingLeaseLiabilityNoncurrent
|
$658.00K | USD | Point-in-time |
| Lease liability obligation-operating leases (note 7) |
OperatingLeaseLiabilityNoncurrent
|
$597.00K | USD | Point-in-time |
| Lease liability obligation-finance leases (note 7) |
FinanceLeaseLiabilityNoncurrent
|
$45.00K | USD | Point-in-time |
| Lease liability obligation-finance leases (note 7) |
FinanceLeaseLiabilityNoncurrent
|
$138.00K | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilities
|
$3.08M | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilities
|
$3.15M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$115.57M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$96.97M | USD | Point-in-time |
| Common stock, $0.001 par value; 100,000 shares authorized, 75,351 and 74,909 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively (note 13) |
CommonStockValue
|
$75.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 100,000 shares authorized, 75,351 and 74,909 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively (note 13) |
CommonStockValue
|
$75.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$267.85M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$272.97M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$123.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$614.00K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-44.81M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$54.80M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-51.49M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$104.33M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$228.35M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$217.05M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$109.01M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$314.02M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$343.92M | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue (note 3) |
Revenues
|
$133.39M | USD | 1 Quarter |
| Revenue (note 3) |
Revenues
|
$50.03M | USD | 1 Quarter |
| Cost of revenue (note 2) |
CostOfRevenue
|
$29.46M | USD | 1 Quarter |
| Cost of revenue (note 2) |
CostOfRevenue
|
$79.49M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$53.89M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$20.58M | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
$31.60M | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
$11.96M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$12.18M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$7.81M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$19.77M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$43.78M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$10.12M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$813.00K | USD | 1 Quarter |
| Interest income on note receivable (note 6) |
InterestAndDividendIncomeOperating
|
$87.00K | USD | 1 Quarter |
| Interest income on note receivable (note 6) |
InterestAndDividendIncomeOperating
|
$78.00K | USD | 1 Quarter |
| Interest on other obligations |
InterestOnOtherObligations
|
$2.00K | USD | 1 Quarter |
| Interest on other obligations |
InterestOnOtherObligations
|
$2.00K | USD | 1 Quarter |
| Other miscellaneous income/(expense) |
OtherMiscellaneousExpense
|
$-12.00K | USD | 1 Quarter |
| Other miscellaneous income/(expense) |
OtherMiscellaneousExpense
|
- | USD | 1 Quarter |
| Foreign exchange gain/(loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-162.00K | USD | 1 Quarter |
| Foreign exchange gain/(loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-301.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-86.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-228.00K | USD | 1 Quarter |
| Net income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$585.00K | USD | 1 Quarter |
| Net income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$10.03M | USD | 1 Quarter |
| Income tax expense (Note 14) |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income tax expense (Note 14) |
IncomeTaxExpenseBenefit
|
$3.35M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.68M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$585.00K | USD | 1 Quarter |
| Foreign currency translation gain/(loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-491.00K | USD | 1 Quarter |
| Foreign currency translation gain/(loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-193.00K | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$6.19M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$392.00K | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.01 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.09 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.09 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.01 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
75.24M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
72.52M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
76.92M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
78.29M | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.68M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$585.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$108.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$245.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$188.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$141.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$455.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$223.00K | USD | 1 Quarter |
| Inventory excess and obsolescence |
InventoryAllowanceForExcessAndObsoleteProducts
|
$-754.00K | USD | 1 Quarter |
| Inventory excess and obsolescence |
InventoryAllowanceForExcessAndObsoleteProducts
|
$-2.60M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$3.58M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$4.31M | USD | 1 Quarter |
| Un-realized exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-85.00K | USD | 1 Quarter |
| Un-realized exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
- | USD | 1 Quarter |
| Accounts receivable-net |
IncreaseDecreaseInAccountsReceivable
|
$9.23M | USD | 1 Quarter |
| Accounts receivable-net |
IncreaseDecreaseInAccountsReceivable
|
$34.42M | USD | 1 Quarter |
| Inventory-net |
IncreaseDecreaseInInventories
|
$19.24M | USD | 1 Quarter |
| Inventory-net |
IncreaseDecreaseInInventories
|
$-4.53M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$2.56M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.51M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$12.11M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$17.74M | USD | 1 Quarter |
| Deferred tax-net |
DeferredTaxLiabilitynet
|
$2.56M | USD | 1 Quarter |
| Deferred tax-net |
DeferredTaxLiabilitynet
|
- | USD | 1 Quarter |
| Deposits and other current liabilities |
IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities
|
$765.00K | USD | 1 Quarter |
| Deposits and other current liabilities |
IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities
|
$174.00K | USD | 1 Quarter |
| Change in right of use assets and lease obligation-net |
ChangeInRightToUseAndLeaseObligationnet
|
$-78.00K | USD | 1 Quarter |
| Change in right of use assets and lease obligation-net |
ChangeInRightToUseAndLeaseObligationnet
|
$-5.00K | USD | 1 Quarter |
| Net cash (used in)/provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-13.32M | USD | 1 Quarter |
| Net cash (used in)/provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.12M | USD | 1 Quarter |
| Proceeds from note receivable |
ProceedsFromSaleOfNotesReceivable
|
$1.88M | USD | 1 Quarter |
| Proceeds from note receivable |
ProceedsFromSaleOfNotesReceivable
|
- | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$742.00K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$698.00K | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.18M | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-742.00K | USD | 1 Quarter |
| Principal payments on finance lease obligations |
FinanceLeasePrincipalPayments
|
$25.00K | USD | 1 Quarter |
| Principal payments on finance lease obligations |
FinanceLeasePrincipalPayments
|
$20.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$716.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$810.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$790.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$691.00K | USD | 1 Quarter |
| Effect on exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-165.00K | USD | 1 Quarter |
| Effect on exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$104.00K | USD | 1 Quarter |
| Net increase/(decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-11.61M | USD | 1 Quarter |
| Net increase/(decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$9.28M | USD | 1 Quarter |
| Cash at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$16.25M | USD | Point-in-time |
| Cash at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.53M | USD | Point-in-time |
| Cash at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$31.63M | USD | Point-in-time |
| Cash at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$43.25M | USD | Point-in-time |
| Cash at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$16.25M | USD | Point-in-time |
| Cash at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.53M | USD | Point-in-time |
| Cash at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$31.63M | USD | Point-in-time |
| Cash at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$43.25M | USD | Point-in-time |
| Interest |
InterestExpense
|
$2.00K | USD | 1 Quarter |
| Interest |
InterestExpense
|
$2.00K | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$104.33M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$228.35M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$217.05M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$109.01M | USD | Point-in-time |
| Share-based payment expense |
StockOptionPlanExpense
|
$4.31M | USD | 1 Quarter |
| Share-based payment expense |
StockOptionPlanExpense
|
$3.58M | USD | 1 Quarter |
| Issuance of common stock pursuant to stock incentive plan - cash |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$717.00K | USD | 1 Quarter |
| Issuance of common stock pursuant to stock incentive plan - cash |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$810.00K | USD | 1 Quarter |
| Foreign currency fluctuations |
TemporaryEquityForeignCurrencyTranslationAdjustments
|
$-193.00K | USD | 1 Quarter |
| Foreign currency fluctuations |
TemporaryEquityForeignCurrencyTranslationAdjustments
|
$-491.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$6.68M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$585.00K | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$104.33M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$228.35M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$217.05M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$109.01M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.