10-K Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001615774-17-001341`
Period End Date	20161231
Filing Date	20170330
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	celh-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 21

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,380.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,380.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$11.75M	USD	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$10.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.13M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,380.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.79M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,380.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.32M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$666.27K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$937.35K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	40.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	38.38M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.32K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	38.38M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.53K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	40.00M	shares	Point-in-time
Total Assets	`Assets`	$17.72M	USD	Point-in-time
Total Assets	`Assets`	$15.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$353.67K	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$190.85K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$25.06K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$214.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.02M	USD	Point-in-time
Line of credit note payable-related party	`NotesPayableRelatedPartiesNoncurrent`	$4.50M	USD	Point-in-time
Line of credit note payable-related party	`NotesPayableRelatedPartiesNoncurrent`	$4.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.82M	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 6,380 and 6,380 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`PreferredStockValue`	$6.00	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 6,380 and 6,380 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`PreferredStockValue`	$6.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 39,999,784 and 38,380,380 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 39,999,784 and 38,380,380 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$64.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$58.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.74M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$17.72M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.27M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$22.76M	USD	Annual
Revenue	`SalesRevenueGoodsNet`	$17.22M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$13.03M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$10.18M	USD	Annual
Gross profit	`GrossProfit`	$7.04M	USD	Annual
Gross profit	`GrossProfit`	$9.73M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$8.68M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$5.70M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.17M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.90M	USD	Annual
Total operating expense	`OperatingExpenses`	$12.57M	USD	Annual
Total operating expense	`OperatingExpenses`	$8.87M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.83M	USD	Annual
Interest expense	`InterestExpenseDebt`	$228.75K	USD	Annual
Interest expense	`InterestExpenseDebt`	$322.34K	USD	Annual
Gain from the sales of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.09K	USD	Annual
Gain from the sales of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-222.66K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-322.34K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.15M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Preferred stock dividend - beneficial conversion feature	`ConvertiblePreferredStockConvertedToOtherSecurities`	-	USD	Annual
Preferred stock dividend - beneficial conversion feature	`ConvertiblePreferredStockConvertedToOtherSecurities`	$139.53K	USD	Annual
Preferred stock dividend - other	`PreferredStockDividendsIncomeStatementImpact`	$366.15K	USD	Annual
Preferred stock dividend - other	`PreferredStockDividendsIncomeStatementImpact`	$280.96K	USD	Annual
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.43M	USD	Annual
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.57M	USD	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.18M	shares	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.57M	shares	Annual
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-2.15M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.95K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.04K	USD	Annual
Gain on equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.09K	USD	Annual
Gain on equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.27M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.58M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-485.13K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$660.67K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$635.97K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-111.53K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$271.08K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$313.94K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.70K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.17M	USD	Annual
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-203.34K	USD	Annual
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-280.96K	USD	Annual
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-331.54K	USD	Annual
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$189.56K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-755.15K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.36M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.41K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.83K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.76K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.41K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.07K	USD	Annual
Borrowing under revolving note payable, related-party	`ProceedsFromRelatedPartyDebt`	$450.00K	USD	Annual
Borrowing under revolving note payable, related-party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayment on short term notes payable, related-party	`RepaymentsOfRelatedPartyDebt`	$1.20M	USD	Annual
Repayment on short term notes payable, related-party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.39M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.30K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	$93.27K	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.54M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.01M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.62M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.78M	USD	Annual
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$10.13M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$349.07K	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$10.13M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$349.07K	USD	Point-in-time
Interest	`InterestPaid`	$113.75K	USD	Annual
Interest	`InterestPaid`	$401.81K	USD	Annual
Preferred Dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$152.22K	USD	Annual
Preferred Dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Borrowing under short term notes payable for prepaid expense	`NotesAssumed1`	$93.27K	USD	Annual
Borrowing under short term notes payable for prepaid expense	`NotesAssumed1`	-	USD	Annual
Preferred stock issued in exchange for cancellation of revolving note payable - related party	`StockIssued1`	$4.00M	USD	Annual
Preferred stock issued in exchange for cancellation of revolving note payable - related party	`StockIssued1`	-	USD	Annual
Conversion of convertible note to common shares - related party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	$1.50M	USD	Annual
Conversion of convertible note to common shares - related party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	-	USD	Annual
Conversion of accrued preferred dividend into preferred shares - related party	`ConversionOfAccruedPreferredDividendIntoPreferredSharesRelatedParty`	$180.00K	USD	Annual
Conversion of accrued preferred dividend into preferred shares - related party	`ConversionOfAccruedPreferredDividendIntoPreferredSharesRelatedParty`	-	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balances at beginning	`StockholdersEquity`	$10.89M	USD	Point-in-time
Balances at beginning	`StockholdersEquity`	$8.74M	USD	Point-in-time
Issuance of preferred stock in exchange of note	`StockIssuedDuringPeriodValueNewIssues`	$4.00M	USD	Annual
Issuance of preferred stock in exchange of accrued dividend	`StockIssuedDuringPeriodValueStockDividend`	$180.00K	USD	Annual
Issuance of common stock upon conversion of convertible note	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.50M	USD	Annual
Issuance of common stock pursuant to private placement	`StockIssuedDuringPeriodValueNewIssues1`	$11.39M	USD	Annual
Issuance of common stock pursuant to private placement	`StockIssuedDuringPeriodValueNewIssues1`	$4.00M	USD	Annual
Issuance of common stock in exchange of service	`StockIssuedDuringPeriodValueIssuedForServices`	$560.00K	USD	Annual
Issuance of common stock pursuant to exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.33K	USD	Annual
Issuance of common stock pursuant to exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-40,000.00	shares	Annual
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.27M	USD	Annual
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	Annual
Preferred stock dividend - beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertiblePreferrefStockDividendWithConversionFeature`	-	USD	Annual
Preferred stock dividend - other	`DividendsPreferredStock`	$-280.96K	USD	Annual
Preferred stock dividend - other	`DividendsPreferredStock`	$-366.15K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Balances at ending	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$10.89M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$8.74M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.