10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-003564`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	celh-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 32 Cash Flow Statement 48 Comprehensive Income 6

Balance Sheet 56 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`	2,760.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$14.19M	USD	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$9.99M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,760.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,760.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.38M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	2,760.00	shares	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
Inventories, net	`InventoryNet`	$6.67M	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`	$3.16M	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`	$28.89M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	45.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.05M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.96M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	45.70M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$66.41K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	50.96M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.64K	USD	Point-in-time
Total Assets	`Assets`	$28.95M	USD	Point-in-time
Total Assets	`Assets`	$27.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.31M	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$165.46K	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$133.88K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$17.92K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$21.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.46M	USD	Point-in-time
Line of credit note payable-related party	`NotesPayableRelatedPartiesNoncurrent`	$3.50M	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`	$13.91M	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 2,760 and 6,760 shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$7.00	USD	Point-in-time
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 2,760 and 6,760 shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$3.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 50,956,869 and 45,701,593 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$45.70K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 50,956,869 and 45,701,593 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$50.96K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$80.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.38K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-92.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$15.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$27.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$28.95M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$6.00M	USD	1 Quarter
Revenue	`Revenues`	$12.06M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$3.62M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$7.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.38M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$2.15M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$5.60M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.22M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-2.84M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.83M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$48.06K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$38.26K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-38.26K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-48.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$90.25K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$82.69K	USD	1 Quarter
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.96M	USD	1 Quarter
Net Loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.97M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.78M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.78M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.45M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.23K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$782.31K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$770.86K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$486.21K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.70M	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$366.25K	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$1.36M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.98M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$876.63K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.91M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.83M	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-51.11K	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-51.11K	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$4.06K	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$179.98K	USD	1 Quarter
Net cash used in in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-861.27K	USD	1 Quarter
Net cash used in in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.28M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.33K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.72K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.72K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.33K	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`	$142.02K	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`	$142.02K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-53.50K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.20M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.16M	USD	1 Quarter
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.99M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.90M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.99M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.90M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Interest	`InterestPaid`	$48.06K	USD	1 Quarter
Interest	`InterestPaid`	$38.26K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	$82.69K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	$90.25K	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

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.96M	USD	1 Quarter
Net Loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.97M	USD	1 Quarter
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-53.50K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-1.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-3.01M	USD	1 Quarter

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