10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-007796`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	celh-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 64 Cash Flow Statement 52 Comprehensive Income 12

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
Cash	`CashCashEquivalentsAndShortTermInvestments`	$14.19M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	6,760.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	2,760.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$8.50M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	2,760.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.62M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	6,760.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.38M	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.23M	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`	$5.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$1.18M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$2.67M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	51.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$24.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.05M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	45.70M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.06K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.64K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	51.06M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	45.70M	shares	Point-in-time
Total Assets	`Assets`	$27.11M	USD	Point-in-time
Total Assets	`Assets`	$24.15M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.53M	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$168.63K	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$133.88K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$38.90K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$17.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74M	USD	Point-in-time
Note payable-related party	`NotesPayableRelatedPartiesNoncurrent`	$3.50M	USD	Point-in-time
Note payable-related party	`NotesPayableRelatedPartiesNoncurrent`	$3.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.96M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.24M	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 June 30, 2018 and December 31, 2017	`PreferredStockValue`	$3.00	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 June 30, 2018 and December 31, 2017	`PreferredStockValue`	$7.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,063,151 and 45,701,593 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$51.06K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,063,151 and 45,701,593 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$45.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$81.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-59.20K	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`	$-68.31M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$12.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$24.15M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$27.11M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$21.36M	USD	2 Qtrs
Revenue	`Revenues`	$9.30M	USD	1 Quarter
Revenue	`Revenues`	$10.24M	USD	1 Quarter
Revenue	`Revenues`	$16.24M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.67M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.32M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$9.29M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$12.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.75M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.98M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$4.57M	USD	2 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$4.15M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$9.75M	USD	2 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$2.42M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.14M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.64M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.14M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.70M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.27M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.89M	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-6.15M	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$509.25K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.32M	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-3.31M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$80.01K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$41.75K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$38.48K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$86.53K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-80.01K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-41.75K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-86.53K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-38.48K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-6.23M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$470.77K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$181.49K	USD	2 Qtrs
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$125.86K	USD	2 Qtrs
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$43.16K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$91.25K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.35M	USD	2 Qtrs
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.52K	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.39M	USD	1 Quarter
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.59M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.95M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.23M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.23M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.95M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-3.35M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.23M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$470.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.65K	USD	2 Qtrs
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.95M	USD	2 Qtrs
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.36M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$248.88K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.07M	USD	2 Qtrs
Inventories net	`IncreaseDecreaseInInventories`	$925.52K	USD	2 Qtrs
Inventories net	`IncreaseDecreaseInInventories`	$1.05M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.49M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.03M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.63M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.18M	USD	2 Qtrs
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-101.11K	USD	2 Qtrs
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-46.88K	USD	2 Qtrs
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$20.98K	USD	2 Qtrs
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-83.29K	USD	2 Qtrs
Net cash used in in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.74M	USD	2 Qtrs
Net cash used in in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.77M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.35K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.06K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.35K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.06K	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$998.73K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$179.70K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$179.70K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$11.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.82K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.25M	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.69M	USD	2 Qtrs
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.00M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.00M	USD	Point-in-time
Interest	`InterestPaid`	$86.53K	USD	2 Qtrs
Interest	`InterestPaid`	$87.99K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Accrued preferred dividends	`AccruedPreferredDividend`	$181.49K	USD	2 Qtrs
Accrued preferred dividends	`AccruedPreferredDividend`	$85.86K	USD	2 Qtrs
Conversion of convertible note to common stock, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	-	USD	2 Qtrs
Conversion of convertible note to common stock, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	$1.00M	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.35M	USD	2 Qtrs
Net income (loss) available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$379.52K	USD	1 Quarter
Net income (loss) available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.39M	USD	1 Quarter
Net income (loss) available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.59M	USD	2 Qtrs
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.82K	USD	2 Qtrs
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
Unrealized foreign currency translation (loss) income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$33.69K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$379.52K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.36M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-6.37M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.59M	USD	2 Qtrs

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