10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-002240`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	celh-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 46

Balance Sheet 54 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
Cash	`CashCashEquivalentsAndShortTermInvestments`	$20.90M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,380.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$11.75M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,380.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,380.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.27M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.79M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Inventories, net	`InventoryNet`	$2.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.81M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	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
Total current assets	`AssetsCurrent`	$28.56M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	40.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	43.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.68M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	40.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.53K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	43.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.63K	USD	Point-in-time
Total Assets	`Assets`	$17.72M	USD	Point-in-time
Total Assets	`Assets`	$28.60M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.58M	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$392.80K	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$353.67K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$394.59K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$214.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.32M	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`	$3.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.87M	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 March 31, 2017 and December 31, 2016	`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 March 31, 2017 and December 31, 2016	`PreferredStockValue`	$6.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 43,905,241 and 39,999,784 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$43.91K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 43,905,241 and 39,999,784 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$40.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$64.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$76.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$20.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$17.72M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$28.60M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$6.00M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$3.68M	USD	1 Quarter
Cost of revenue	`CostOfGoodsSold`	$3.62M	USD	1 Quarter
Cost of revenue	`CostOfGoodsSold`	$2.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.38M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$1.79M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$2.15M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$875.28K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.06M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$2.66M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$4.22M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.83M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.14M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$48.06K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$56.88K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-56.88K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-48.06K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$86.65K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$90.25K	USD	1 Quarter
Net (Loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.29M	USD	1 Quarter
Net (Loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.97M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.78M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.78M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.39K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.23K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$782.31K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$254.72K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$486.21K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-428.70K	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$366.25K	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$230.77K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$876.63K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$326.87K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.33K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.83M	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-51.10K	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-51.11K	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$162.93K	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$179.98K	USD	1 Quarter
Net cash provided by (used in) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-861.27K	USD	1 Quarter
Net cash provided by (used in) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-887.24K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.33K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.41K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.33K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.41K	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-893.64K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.16M	USD	1 Quarter
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.13M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.90M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.23M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.13M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.90M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.23M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Interest	`InterestPaid`	$56.88K	USD	1 Quarter
Interest	`InterestPaid`	$48.06K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	$90.25K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	$86.65K	USD	1 Quarter
Conversion of convertible note to common shares, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	-	USD	1 Quarter
Conversion of convertible note to common shares, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	$1.00M	USD	1 Quarter

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