10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001615774-19-007328`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	celh-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 22 Comprehensive Income 6

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$2.76M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	57.00M	shares	Point-in-time
Cash	`CashCashEquivalentsAndShortTermInvestments`	$7.74M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	57.20M	shares	Point-in-time
Accounts receivable-net	`AccountsReceivableNetCurrent`	$12.15M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	57.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	57.20M	shares	Point-in-time
Accounts receivable-net	`AccountsReceivableNetCurrent`	$12.98M	USD	Point-in-time
Note receivable-current	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Note receivable-current	`NotesAndLoansReceivableNetCurrent`	$1.22M	USD	Point-in-time
Unbilled royalty revenue	`UnbilledContractsReceivable`	-	USD	Point-in-time
Unbilled royalty revenue	`UnbilledContractsReceivable`	$89.59K	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.48M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$2.83M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$2.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.62M	USD	Point-in-time
Note receivable-long term	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Note receivable-long term	`NotesAndLoansReceivableNetNoncurrent`	$11.02M	USD	Point-in-time
Operating lease-right of use asset	`OperatingLeaseRightOfUseAsset`	$223.99K	USD	Point-in-time
Operating lease-right of use asset	`OperatingLeaseRightOfUseAsset`	$259.36K	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$103.09K	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$121.85K	USD	Point-in-time
Total Assets	`Assets`	$34.63M	USD	Point-in-time
Total Assets	`Assets`	$43.97M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.85M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.03M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.93K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$65.39K	USD	Point-in-time
Operating Lease Liability-current	`OperatingLeaseLiabilityCurrent`	$139.04K	USD	Point-in-time
Operating Lease Liability-current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.87M	USD	Point-in-time
Line of credit note payable-related party-net	`NotesPayableRelatedPartiesNoncurrent`	$4.85M	USD	Point-in-time
Line of credit note payable-related party-net	`NotesPayableRelatedPartiesNoncurrent`	$3.50M	USD	Point-in-time
Convertible note payables -related party-net	`ConvertibleLongTermNotesPayable`	$4.53M	USD	Point-in-time
Convertible note payables -related party-net	`ConvertibleLongTermNotesPayable`	$4.46M	USD	Point-in-time
Operating Lease Liability-Long Term	`OperatingLeaseLiabilityNoncurrent`	$87.59K	USD	Point-in-time
Operating Lease Liability-Long Term	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$18.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$22.82M	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 57,198,365 and 57,002,508 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$57.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized, 57,198,365 and 57,002,508 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$57.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.70M	USD	Point-in-time
Accumulated other comprehensive Income/(Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.00K	USD	Point-in-time
Accumulated other comprehensive Income/(Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$233.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-73.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.72M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$25.27M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$15.05M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.80M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$34.63M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$43.97M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$12.06M	USD	1 Quarter
Revenue	`Revenues`	$14.49M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$8.76M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$7.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.76M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$3.60M	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`	$2.62M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$7.60M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$6.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-502.05K	USD	1 Quarter
Interest income/(expense)-net	`InterestIncomeExpenseNet`	$-38.26K	USD	1 Quarter
Interest income/(expense)-net	`InterestIncomeExpenseNet`	$-28.63K	USD	1 Quarter
Amortization of Discount on Notes Payable	`AmortizationOfDiscountOnNotesPayable`	$-85.94K	USD	1 Quarter
Amortization of Discount on Notes Payable	`AmortizationOfDiscountOnNotesPayable`	-	USD	1 Quarter
Gain on Investment repayment from China	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on Investment repayment from China	`GainLossOnInvestments`	$12.27M	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-38.26K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$12.16M	USD	1 Quarter
Net Income/(Loss)	`NetIncomeLoss`	$11.66M	USD	1 Quarter
Net Income/(Loss)	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	-	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$82.69K	USD	1 Quarter
Net Income/(Loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.96M	USD	1 Quarter
Net Income/(Loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.66M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.45M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.45M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$11.66M	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.34K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$770.86K	USD	1 Quarter
Gain on Investment repayment from China	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on Investment repayment from China	`GainLossOnInvestments`	$12.27M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.49M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.70M	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$2.33M	USD	1 Quarter
Inventories net	`IncreaseDecreaseInInventories`	$1.36M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$707.98K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.98M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.91M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.07M	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	-	USD	1 Quarter
Accrued preferred dividends	`IncreaseDecreaseInPreferredDividendPayable`	$-51.11K	USD	1 Quarter
Unbilled royalty revenue	`IncreaseDecreaseInUnbilledRoyaltyRevenue`	$89.59K	USD	1 Quarter
Unbilled royalty revenue	`IncreaseDecreaseInUnbilledRoyaltyRevenue`	-	USD	1 Quarter
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$45.46K	USD	1 Quarter
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$4.06K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.28M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.72K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.72K	USD	1 Quarter
Proceeds from notes payable related party-net	`ProceedsFromNotesPayable`	$1.50M	USD	1 Quarter
Proceeds from notes payable related party-net	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$142.02K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$24.76K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$142.02K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.52M	USD	1 Quarter
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$288.58K	USD	1 Quarter
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-53.50K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-4.98M	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-4.20M	USD	1 Quarter
Cash at beginning of the period	`Cash`	$9.99M	USD	Point-in-time
Cash at beginning of the period	`Cash`	$2.76M	USD	Point-in-time
Cash at beginning of the period	`Cash`	$14.19M	USD	Point-in-time
Cash at beginning of the period	`Cash`	$7.74M	USD	Point-in-time
Cash at end of the period	`Cash`	$9.99M	USD	Point-in-time
Cash at end of the period	`Cash`	$2.76M	USD	Point-in-time
Cash at end of the period	`Cash`	$14.19M	USD	Point-in-time
Cash at end of the period	`Cash`	$7.74M	USD	Point-in-time
Interest	`InterestPaidNet`	$38.26K	USD	1 Quarter
Interest	`InterestPaidNet`	$28.63K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	$82.69K	USD	1 Quarter
Accrued preferred dividends	`AccruedPreferredDividend`	-	USD	1 Quarter
Accounts Receivable	`AccountsReceivable`	-	USD	1 Quarter
Accounts Receivable	`AccountsReceivable`	$3.31M	USD	1 Quarter
Inventory	`Inventory`	$258.69K	USD	1 Quarter
Inventory	`Inventory`	-	USD	1 Quarter
Pre-paid expense and other current assets	`PrepaidExpenseAndOtherCurrentAssets`	$175.19K	USD	1 Quarter
Pre-paid expense and other current assets	`PrepaidExpenseAndOtherCurrentAssets`	-	USD	1 Quarter
Accounts payable and accrued expenses	`AccountsPayableAndAccruedExpenses`	-	USD	1 Quarter
Accounts payable and accrued expenses	`AccountsPayableAndAccruedExpenses`	$3.75M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning	`StockholdersEquity`	$25.27M	USD	Point-in-time
Balances at beginning	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances at beginning	`StockholdersEquity`	$17.15M	USD	Point-in-time
Balances at beginning	`StockholdersEquity`	$11.80M	USD	Point-in-time
Issuance of common stock in exchange of preferred stock	`IssuanceOfCommonStockInExchangeOfPreferredStock`	$-604.00	USD	1 Quarter
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	1 Quarter
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$770.86K	USD	1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cashless	`IssuanceOfCommonStockPursuantToExerciseOfStockOptionsCashless`	-	USD	1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cashless	`IssuanceOfCommonStockPursuantToExerciseOfStockOptionsCashless`	-	USD	1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$24.76K	USD	1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$142.63K	USD	1 Quarter
Beneficial Conversion Feature on Convertible Instruments	`DebtInstrumentConvertibleBeneficialConversionFeature`	$166.67K	USD	1 Quarter
Preferred stock dividend payable	`DividendsPreferredStock`	-	USD	1 Quarter
Preferred stock dividend payable	`DividendsPreferredStock`	$82.69K	USD	1 Quarter
Foreign currency translation income (loss)	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-53.50K	USD	1 Quarter
Foreign currency translation income (loss)	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$260.67K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.88M	USD	1 Quarter
Balances at ending	`StockholdersEquity`	$25.27M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$17.15M	USD	Point-in-time
Balances at ending	`StockholdersEquity`	$11.80M	USD	Point-in-time

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`	$11.66M	USD	1 Quarter
Unrealized foreign currency translation income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-53.50K	USD	1 Quarter
Unrealized foreign currency translation income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$260.67K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-3.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.92M	USD	1 Quarter

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