10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-012306`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	celh-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 64 Cash Flow Statement 54 Comprehensive Income 12

Balance Sheet 58 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`	2,760.00	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$5.31M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	2,760.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.84M	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
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
Inventories, net	`InventoryNet`	$6.85M	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
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$3.34M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	45.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.34M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	51.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.64K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.50K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	45.70M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	51.12M	shares	Point-in-time
Total Assets	`Assets`	$27.11M	USD	Point-in-time
Total Assets	`Assets`	$28.46M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.50M	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$133.88K	USD	Point-in-time
Accrued preferred dividends	`DividendsPayableCurrent`	$212.26K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$17.92K	USD	Point-in-time
Customer advances and other current liabilities	`CustomerAdvancesAndOtherCurrentLiabilities`	$14.53K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.46M	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`	$18.23M	USD	Point-in-time
Commitments and contingences (note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingences (note 14)	`CommitmentsAndContingencies`	-	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 September 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 September 30, 2018 and December 31, 2017	`PreferredStockValue`	$7.00	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,124,946 and 45,701,593 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$45.70K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,124,946 and 45,701,593 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$51.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$82.66M	USD	Point-in-time
Accumulated other comprehensive loss/(income)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.38K	USD	Point-in-time
Accumulated other comprehensive loss/(income)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.75K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.15M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$27.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$28.46M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$27.02M	USD	3 Qtrs
Revenue	`Revenues`	$16.57M	USD	1 Quarter
Revenue	`Revenues`	$37.92M	USD	3 Qtrs
Revenue	`Revenues`	$10.79M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$6.11M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$15.40M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$9.69M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$22.31M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.62M	USD	3 Qtrs
Gross profit	`GrossProfit`	$11.62M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.67M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$9.27M	USD	3 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$8.67M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$4.70M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$18.42M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.56M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.26M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.29M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.43M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$25.85M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.53M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.91M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.23M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.09M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.59M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$35.66K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$42.93K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$122.94K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$122.19K	USD	3 Qtrs
Total Other (Expense)	`NonoperatingIncomeExpense`	$-35.66K	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	$-122.19K	USD	3 Qtrs
Total Other (Expense)	`NonoperatingIncomeExpense`	$-42.93K	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	$-122.94K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-10.36M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-3.03M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.13M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$92.25K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$273.74K	USD	3 Qtrs
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$43.64K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsAndOtherAdjustments`	$169.49K	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.31M	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.18M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.53M	USD	3 Qtrs
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.71M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.99M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	49.68M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.68M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.99M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-10.36M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-3.03M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.62K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.29K	USD	3 Qtrs
Shares issued for settlement of legal claim	`SharesIssuedForSettlementOfLegalClaim`	$279.60K	USD	3 Qtrs
Shares issued for settlement of legal claim	`SharesIssuedForSettlementOfLegalClaim`	$328.00K	USD	3 Qtrs
Stock-based option compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.10M	USD	3 Qtrs
Stock-based option compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.64M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.28M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$6.46M	USD	3 Qtrs
Inventories net	`IncreaseDecreaseInInventories`	$2.11M	USD	3 Qtrs
Inventories net	`IncreaseDecreaseInInventories`	$1.54M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.16M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.13M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.66M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.19M	USD	3 Qtrs
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-91.11K	USD	3 Qtrs
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-151.67K	USD	3 Qtrs
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-161.62K	USD	3 Qtrs
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-3.39K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.23M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.00M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.72K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.48K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.72K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.48K	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$934.07K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$179.70K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.93M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$179.70K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$46.13K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.87M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.67M	USD	3 Qtrs
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.42M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.31M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.42M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.31M	USD	Point-in-time
Interest	`InterestPaid`	$137.01K	USD	3 Qtrs
Interest	`InterestPaid`	$132.43K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Accrued preferred dividends	`AccruedPreferredDividend`	$129.49K	USD	3 Qtrs
Accrued preferred dividends	`AccruedPreferredDividend`	$273.74K	USD	3 Qtrs
Conversion of convertible note to common stock, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	$1.00M	USD	3 Qtrs
Conversion of convertible note to common stock, related-party	`ConversionOfConvertibleNoteToCommonSharesRelatedParty`	-	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.31M	USD	3 Qtrs
Net loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.18M	USD	1 Quarter
Net loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.53M	USD	3 Qtrs
Net loss available to common stockholders, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.71M	USD	1 Quarter
Unrealized foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	3 Qtrs
Unrealized foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$65.95K	USD	1 Quarter
Unrealized foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$46.13K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.71M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.11M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.48M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.31M	USD	3 Qtrs

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