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10-Q Filing

KONA GOLD BEVERAGE, INC. CIK: 1802546 Q2 2021
Filing Information
Form Type 10-Q
Accession Number 0001731122-21-001391
Period End Date 20210630
Filing Date 20210817
Fiscal Year 2021
Fiscal Period Q2
XBRL Instance e2983_10-q_htm.xml
Filing Contents

This filing contains the following financial statements:

Income Statement 67 line items
Line Item Tag Value Unit Period
REVENUES, NET OF SALES, RETURNS, AND ALLOWANCES OF $28,707 AND $51,159, RESPECTIVELY Revenues $442.33K USD 2 Qtrs
Allowence for net of sales AllowenceForNetOfSales $28.71K USD 2 Qtrs
REVENUES, NET OF SALES, RETURNS, AND ALLOWANCES OF $28,707 AND $51,159, RESPECTIVELY Revenues $1.25M USD 2 Qtrs
REVENUES, NET OF SALES, RETURNS, AND ALLOWANCES OF $28,707 AND $51,159, RESPECTIVELY Revenues $790.81K USD 1 Quarter
REVENUES, NET OF SALES, RETURNS, AND ALLOWANCES OF $28,707 AND $51,159, RESPECTIVELY Revenues $227.04K USD 1 Quarter
Allowence for net of sales AllowenceForNetOfSales $51.16K USD 2 Qtrs
COST OF REVENUES CostOfRevenue $155.69K USD 1 Quarter
COST OF REVENUES CostOfRevenue $686.71K USD 1 Quarter
COST OF REVENUES CostOfRevenue $314.89K USD 2 Qtrs
COST OF REVENUES CostOfRevenue $1.00M USD 2 Qtrs
Gross profit GrossProfit $71.35K USD 1 Quarter
Gross profit GrossProfit $252.41K USD 2 Qtrs
Gross profit GrossProfit $127.44K USD 2 Qtrs
Gross profit GrossProfit $104.10K USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $644.05K USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.34M USD 2 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $692.56K USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.21M USD 2 Qtrs
Income (Loss) from operations OperatingIncomeLoss $-621.21K USD 1 Quarter
Income (Loss) from operations OperatingIncomeLoss $-960.32K USD 2 Qtrs
Income (Loss) from operations OperatingIncomeLoss $-1.21M USD 2 Qtrs
Income (Loss) from operations OperatingIncomeLoss $-539.95K USD 1 Quarter
Interest expense InterestExpense $13.81K USD 1 Quarter
Interest expense InterestExpense $17.57K USD 1 Quarter
Interest expense InterestExpense $17.62K USD 2 Qtrs
Interest expense InterestExpense $34.94K USD 2 Qtrs
Interest expense related to loan origination fee on convertible note InterestExpenseRelatedToLoanOriginationFeeOnConvertibleNote $24.00K USD 1 Quarter
Interest expense related to loan origination fee on convertible note InterestExpenseRelatedToLoanOriginationFeeOnConvertibleNote $65.00K USD 2 Qtrs
Interest expense related to loan origination fee on convertible note InterestExpenseRelatedToLoanOriginationFeeOnConvertibleNote $15.00K USD 1 Quarter
Interest expense related to loan origination fee on convertible note InterestExpenseRelatedToLoanOriginationFeeOnConvertibleNote $15.00K USD 2 Qtrs
Interest expense related to warrants on convertible note InterestExpenseRelatedToWarrantsOnConvertibleNote - USD 1 Quarter
Interest expense related to warrants on convertible note InterestExpenseRelatedToWarrantsOnConvertibleNote $281.56K USD 1 Quarter
Interest expense related to warrants on convertible note InterestExpenseRelatedToWarrantsOnConvertibleNote $1.05M USD 2 Qtrs
Interest expense related to warrants on convertible note InterestExpenseRelatedToWarrantsOnConvertibleNote $281.56K USD 2 Qtrs
Interest expense on convertible note InterestExpenseDebt - USD 1 Quarter
Interest expense on convertible note InterestExpenseDebt $23.39K USD 1 Quarter
Interest expense on convertible note InterestExpenseDebt - USD 2 Qtrs
Interest expense on convertible note InterestExpenseDebt $43.35K USD 2 Qtrs
Gain/(Loss) on derivative DerivativeGainLossOnDerivative $-141.50K USD 1 Quarter
Gain/(Loss) on derivative DerivativeGainLossOnDerivative $148.63K USD 2 Qtrs
Gain/(Loss) on derivative DerivativeGainLossOnDerivative $148.63K USD 1 Quarter
Gain/(Loss) on derivative DerivativeGainLossOnDerivative $124.37K USD 2 Qtrs
Tax expense OtherTaxExpenseBenefit $4.97K USD 1 Quarter
Tax expense OtherTaxExpenseBenefit $7.54K USD 2 Qtrs
Tax expense OtherTaxExpenseBenefit - USD 1 Quarter
Tax expense OtherTaxExpenseBenefit - USD 2 Qtrs
EIDL advance EidlAdvance $-7.00K USD 1 Quarter
EIDL advance EidlAdvance $-95.16K USD 1 Quarter
EIDL advance EidlAdvance $-7.00K USD 2 Qtrs
EIDL advance EidlAdvance $-95.16K USD 2 Qtrs
Other income NonoperatingIncomeExpense - USD 2 Qtrs
Other income NonoperatingIncomeExpense $6.29K USD 1 Quarter
Other income NonoperatingIncomeExpense $6.29K USD 2 Qtrs
Other income NonoperatingIncomeExpense - USD 1 Quarter
Net Income (Loss) NetIncomeLoss $-1.07M USD 1 Quarter
Net Income (Loss) NetIncomeLoss $-1.66M USD 2 Qtrs
Net Income (Loss) NetIncomeLoss $-2.19M USD 2 Qtrs
Net Income (Loss) NetIncomeLoss $-3.13M USD Annual
Net Income (Loss) NetIncomeLoss $-373.21K USD 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 767.77M shares 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 805.26M shares 2 Qtrs
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 805.26M shares 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 767.77M shares 2 Qtrs
Basic and diluted EarningsPerShareBasicAndDiluted - USD 2 Qtrs
Basic and diluted EarningsPerShareBasicAndDiluted - USD 2 Qtrs
Basic and diluted EarningsPerShareBasicAndDiluted - USD 1 Quarter
Basic and diluted EarningsPerShareBasicAndDiluted - USD 1 Quarter
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.07M USD 1 Quarter
Net loss NetIncomeLoss $-1.66M USD 2 Qtrs
Net loss NetIncomeLoss $-2.19M USD 2 Qtrs
Net loss NetIncomeLoss $-3.13M USD Annual
Net loss NetIncomeLoss $-373.21K USD 1 Quarter
Depreciation and Amortization DepreciationAndAmortization $15.53K USD 2 Qtrs
Depreciation and Amortization DepreciationAndAmortization $20.50K USD 2 Qtrs
Common Stock Issued in Exchange for Services CommonStockIssuedInExchangeForServices - USD 2 Qtrs
Common Stock Issued in Exchange for Services CommonStockIssuedInExchangeForServices - USD 2 Qtrs
Common Stock Issued in Acquisition CommonStockIssuedInAcquisition $-270.90K USD 2 Qtrs
Common Stock Issued in Acquisition CommonStockIssuedInAcquisition - USD 2 Qtrs
Common Stock Issued for Sponsorship CommonStockIssuedForSponsorshipAgreements $-2.58K USD 2 Qtrs
Common Stock Issued for Sponsorship CommonStockIssuedForSponsorshipAgreements - USD 2 Qtrs
Common Stock Issued for Compensation CommonStockIssuedForCompensation $-476.00K USD 2 Qtrs
Preferred Stock Issued for Compensation PreferredStockIssuedForCompensation - USD 2 Qtrs
Preferred Stock Issued for Compensation PreferredStockIssuedForCompensation - USD 2 Qtrs
Interest expense related to warrants on convertible debt InterestExpenseRelatedToWarrantsOnConvertibleNote - USD 1 Quarter
Interest expense related to warrants on convertible debt InterestExpenseRelatedToWarrantsOnConvertibleNote $281.56K USD 1 Quarter
Interest expense related to warrants on convertible debt InterestExpenseRelatedToWarrantsOnConvertibleNote $1.05M USD 2 Qtrs
Interest expense related to warrants on convertible debt InterestExpenseRelatedToWarrantsOnConvertibleNote $281.56K USD 2 Qtrs
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $4.38K USD 2 Qtrs
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $344.03K USD 2 Qtrs
Decrease (increase) in other receivable IncreaseDecreaseInOtherReceivables - USD 2 Qtrs
Decrease (increase) in other receivable IncreaseDecreaseInOtherReceivables - USD 2 Qtrs
Decrease (increase) in inventory IncreaseDecreaseInInventories $27.92K USD 2 Qtrs
Decrease (increase) in inventory IncreaseDecreaseInInventories $92.45K USD 2 Qtrs
Decrease (increase) in prepaids IncreaseDecreaseInPrepaidExpense $10.24K USD 2 Qtrs
Decrease (increase) in prepaids IncreaseDecreaseInPrepaidExpense - USD 2 Qtrs
Decrease (increase) in intercompany transactions DecreaseIncreaseInIntercompanyTransactions - USD 2 Qtrs
Decrease (increase) in other current assets IncreaseDecreaseInOtherCurrentAssets $2.66K USD 2 Qtrs
Decrease (increase) in other current assets IncreaseDecreaseInOtherCurrentAssets $8.53K USD 2 Qtrs
Decrease (increase) in deposits IncreaseDecreaseInDeposits - USD 2 Qtrs
Decrease (increase) in deposits IncreaseDecreaseInDeposits - USD 2 Qtrs
Decrease (increase) in right-of-use asset IncreaseDecreaseInOperatingAssets $-74.26K USD 2 Qtrs
Decrease (increase) in right-of-use asset IncreaseDecreaseInOperatingAssets $343.79K USD 2 Qtrs
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $21.74K USD 2 Qtrs
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $141.87K USD 2 Qtrs
Increase (decrease) in credit card payable IncreaseDecreaseCreditCardPayable $5.30K USD 2 Qtrs
Increase (decrease) in credit card payable IncreaseDecreaseCreditCardPayable $-16.19K USD 2 Qtrs
Increase (decrease) in accrued compensation IncreaseDecreaseInAccruedCompensation $117.71K USD 2 Qtrs
Increase (decrease) in accrued compensation IncreaseDecreaseInAccruedCompensation $137.62K USD 2 Qtrs
Increase (decrease) in accrued stock compensation IncreaseDecreaseInAccruedStockCompensation - USD 2 Qtrs
Increase (decrease) in accrued stock compensation IncreaseDecreaseInAccruedStockCompensation - USD 2 Qtrs
Increase (decrease) in accrued expenses IncreaseDecreaseInAccruedExpenses $55.03K USD 2 Qtrs
Increase (decrease) in accrued expenses IncreaseDecreaseInAccruedExpenses $17.22K USD 2 Qtrs
Increase (decrease) in derivative liability IncreaseDecreaseInDerivativeLiabilities $148.63K USD 2 Qtrs
Increase (decrease) in derivative liability IncreaseDecreaseInDerivativeLiabilities $124.37K USD 2 Qtrs
Increase (decrease) in lease liability IncreaseDecreaseInOperatingLiabilities $324.92K USD 2 Qtrs
Increase (decrease) in lease liability IncreaseDecreaseInOperatingLiabilities $-74.26K USD 2 Qtrs
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-615.36K USD 2 Qtrs
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-1.37M USD Annual
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-875.55K USD 2 Qtrs
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $26.25K USD 2 Qtrs
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $33.77K USD 2 Qtrs
Changes in goodwill PaymentsToAcquireIntangibleAssets - USD 2 Qtrs
Changes in goodwill PaymentsToAcquireIntangibleAssets $1.28M USD 2 Qtrs
Changes in intellectual property PaymentsForProceedsFromProductiveAssets $7.60K USD 2 Qtrs
Changes in intellectual property PaymentsForProceedsFromProductiveAssets $-4.09K USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.31M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-29.68K USD 2 Qtrs
Changes in note payable - related party ProceedsFromRepaymentsOfNotesPayable $-6.00K USD 2 Qtrs
Changes in note payable - related party ProceedsFromRepaymentsOfNotesPayable $-6.00K USD 2 Qtrs
Changes in line of credit - related party RepaymentsOfLongTermLinesOfCredits $-3.00K USD 2 Qtrs
Changes in line of credit - related party RepaymentsOfLongTermLinesOfCredits $-325.50K USD 2 Qtrs
Changes in note payable - acquisition ChangesInNotePayableAcquisition - USD 2 Qtrs
Changes in note payable - acquisition ChangesInNotePayableAcquisition $624.36K USD 2 Qtrs
Changes line of credit ProceedsFromLinesOfCredit - USD 2 Qtrs
Changes line of credit ProceedsFromLinesOfCredit - USD 2 Qtrs
Changes in convertible debt ProceedsFromConvertibleDebt $250.00K USD 2 Qtrs
Changes in convertible debt ProceedsFromConvertibleDebt $1.52M USD 2 Qtrs
Changes in PPP note payable ProceedsFromNotesPayable $95.16K USD 2 Qtrs
Changes in PPP note payable ProceedsFromNotesPayable $22.33K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $664.66K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.17M USD 2 Qtrs
Net cash increase for period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-18.67K USD 2 Qtrs
Net cash increase for period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $19.61K USD 2 Qtrs
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $36.22K USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $113.17K USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $94.49K USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $55.84K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $36.22K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $113.17K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $94.49K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $55.84K USD Point-in-time
Cash paid for income taxes IncomeTaxesPaidNet - USD 2 Qtrs
Cash paid for income taxes IncomeTaxesPaidNet $2.27K USD 2 Qtrs
Cash paid for interest InterestPaidNet $35.88K USD 2 Qtrs
Cash paid for interest InterestPaidNet $34.94K USD 2 Qtrs
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $-3.84M USD Point-in-time
Beginning balance, value StockholdersEquity $-3.99M USD Point-in-time
Beginning balance, value StockholdersEquity $-3.33M USD Point-in-time
Beginning balance, value StockholdersEquity $-1.99M USD Point-in-time
Beginning balance, value StockholdersEquity $-4.24M USD Point-in-time
Beginning balance, value StockholdersEquity $-2.71M USD Point-in-time
Beginning balance, value StockholdersEquity $-4.13M USD Point-in-time
Common Stock Issued for Compensation StockIssuedDuringPeriodValueShareBasedCompensation $-157.50K USD 1 Quarter
Common Stock Issued for Compensation StockIssuedDuringPeriodValueShareBasedCompensation $-318.50K USD 1 Quarter
Net Income (loss) ProfitLoss $-1.03M USD 1 Quarter
Net Income (loss) ProfitLoss $-1.07M USD 1 Quarter
Net Income (loss) ProfitLoss $-516.11K USD 1 Quarter
Net Income (loss) ProfitLoss $-1.82M USD 1 Quarter
Net Income (loss) ProfitLoss $-373.21K USD 1 Quarter
Net Income (loss) ProfitLoss $-509.44K USD 1 Quarter
Common Stock Issued for Sponsorship Agreements CommonStockIssuedForSponsorshipAgreementsValue $2.58K USD 1 Quarter
Warrants related to convertible note WarrantsRelatedToConvertibleNote $1.05M USD 1 Quarter
Warrants related to convertible note WarrantsRelatedToConvertibleNote $281.56K USD 1 Quarter
Common Stock Conversion to Preferred Stock CommonStockConversionToPreferredStockValue - USD 1 Quarter
Preferred Stock Conversion to Common Stock PreferredStockConversionToCommonSharesValue - USD 1 Quarter
Accrued Common Stock Issues for Compensation AccruedCommonStockIssuesForCompensationValue $2.00 USD 1 Quarter
Common Stock Issued for Conversion of Convertible Debt StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $112.27K USD 1 Quarter
Common Stock Issued for Conversion of Convertible Debt StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $613.81K USD 1 Quarter
Common Stock Issued for Conversion of Convertible Debt StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $509.17K USD 1 Quarter
Common Stock Issued for Acquisition StockIssuedDuringPeriodValueAcquisitions $270.90K USD 1 Quarter
Ending balance, value StockholdersEquity $-3.84M USD Point-in-time
Ending balance, value StockholdersEquity $-3.99M USD Point-in-time
Ending balance, value StockholdersEquity $-3.33M USD Point-in-time
Ending balance, value StockholdersEquity $-1.99M USD Point-in-time
Ending balance, value StockholdersEquity $-4.24M USD Point-in-time
Ending balance, value StockholdersEquity $-2.71M USD Point-in-time
Ending balance, value StockholdersEquity $-4.13M USD Point-in-time

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

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