10-K Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001615774-18-001689`
Period End Date	20171231
Filing Date	20180308
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	celh-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 30 Cash Flow Statement 57 Stockholders Equity 23 Comprehensive Income 7

Balance Sheet 57 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`	6,760.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$14.19M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,380.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$11.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.79M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,380.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.38M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,760.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.21M	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.31M	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
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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.05M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	40.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	45.70M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.64K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	45.70M	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`	$27.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$353.67K	USD	Point-in-time
Accrued preferred dividend	`DividendsPayableCurrent`	$133.88K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$17.92K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$214.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.46M	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`	$9.96M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.82M	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 6,760 and 6,380 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	$7.00	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 6,760 and 6,380 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	$6.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 45,701,593 and 39,999,784 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$40.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 45,701,593 and 39,999,784 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$45.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$64.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.38K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.15M	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`	$27.11M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$36.16M	USD	Annual
Revenue	`SalesRevenueGoodsNet`	$22.76M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$13.03M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$20.73M	USD	Annual
Gross profit	`GrossProfit`	$9.73M	USD	Annual
Gross profit	`GrossProfit`	$15.43M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$16.61M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$8.68M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.90M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.90M	USD	Annual
Total operating expense	`OperatingExpenses`	$23.51M	USD	Annual
Total operating expense	`OperatingExpenses`	$12.57M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.08M	USD	Annual
Interest expense	`InterestExpenseDebt`	$160.62K	USD	Annual
Interest expense	`InterestExpenseDebt`	$228.75K	USD	Annual
Gain from the sales of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain from the sales of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.09K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-222.66K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-160.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Net Loss	`NetIncomeLoss`	$-8.24M	USD	Annual
Preferred stock dividend - other	`PreferredStockDividendsAndOtherAdjustments`	$366.15K	USD	Annual
Preferred stock dividend - other	`PreferredStockDividendsAndOtherAdjustments`	$366.00K	USD	Annual
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.43M	USD	Annual
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.61M	USD	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.42M	shares	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.57M	shares	Annual
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Net Loss	`NetIncomeLoss`	$-8.24M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.43K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.95K	USD	Annual
Gain on equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.09K	USD	Annual
Stock-based compensation expense for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Stock-based compensation expense for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-328.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.58M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$2.24M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$660.67K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.59M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-111.53K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.09M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$243.09K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$271.08K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.70K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.56M	USD	Annual
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-202.78K	USD	Annual
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-203.34K	USD	Annual
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$189.56K	USD	Annual
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-196.69K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.42M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.36M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.53K	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	`NetCashProvidedByUsedInInvestingActivities`	$-23.07K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.53K	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$946.58K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.30K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.95M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.01M	USD	Annual
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-39.38K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.44M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.62M	USD	Annual
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`	$14.19M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$14.19M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Interest	`InterestPaidNet`	$160.85K	USD	Annual
Interest	`InterestPaidNet`	$113.75K	USD	Annual
Preferred Dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$202.78K	USD	Annual
Preferred Dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$152.22K	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Accrued preferred dividends	`AccruedPreferredDividend`	$154.27K	USD	Annual
Accrued preferred dividends	`AccruedPreferredDividend`	$163.22K	USD	Annual
Conversion of convertible note to common stock, related party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	$1,000.00K	USD	Annual
Conversion of convertible note to common stock, related party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	-	USD	Annual
Conversion of accrued preferred dividend into preferred shares - related party	`ConversionOfAccruedPreferredDividendIntoPreferredSharesRelatedParty`	-	USD	Annual
Conversion of accrued preferred dividend into preferred shares - related party	`ConversionOfAccruedPreferredDividendIntoPreferredSharesRelatedParty`	$383.00K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquity`	$17.15M	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 common stock pursuant to private placement	`StockIssuedDuringPeriodValueNewIssues1`	$10.00M	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 in exchange of service	`StockIssuedDuringPeriodValueIssuedForServices`	$328.00K	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	`StockIssuedDuringPeriodValueStockOptionsExercised`	$946.58K	USD	Annual
Issuance of common stock pursuant to exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	40,000.00	shares	Annual
Issuance of common stock pursuant to exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2.01M	shares	Annual
Issuance of common stock in exchange of convertible note	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1,000.00K	USD	Annual
Issuance of preferred stock for conversion of accrued dividends	`StockIssuedDuringPeriodValueStockDividend`	$383.00K	USD	Annual
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	Annual
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.24M	USD	Annual
Foreign currency translation loss	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-39.38K	USD	Annual
Preferred stock dividend - other	`DividendsPreferredStock`	$366.00K	USD	Annual
Preferred stock dividend - other	`DividendsPreferredStock`	$366.15K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.24M	USD	Annual
Balances at ending	`StockholdersEquity`	$17.15M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$10.89M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$8.74M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net Loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.43M	USD	Annual
Net Loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.61M	USD	Annual
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.38K	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-8.65M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-3.43M	USD	Annual

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