10-Q Filing

CELSIUS HOLDINGS, INC. CIK: 1341766 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001829126-21-003804`
Period End Date	20210331
Filing Date	20210513
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	celh-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 48 Cash Flow Statement 54 Stockholders Equity 18

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$43.25M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	72.59M	shares	Point-in-time
Cash	`Cash`	$31.63M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	72.26M	shares	Point-in-time
Accounts receivable-net (note 2)	`AccountsReceivableNetCurrent`	$14.99M	USD	Point-in-time
Accounts receivable-net (note 2)	`AccountsReceivableNetCurrent`	$24.00M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	72.59M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	72.26M	shares	Point-in-time
Note receivable-current (note 6)	`NotesAndLoansReceivableNetCurrent`	$1.89M	USD	Point-in-time
Note receivable-current (note 6)	`NotesAndLoansReceivableNetCurrent`	$2.51M	USD	Point-in-time
Inventories-net (note 4)	`InventoryNet`	$18.40M	USD	Point-in-time
Inventories-net (note 4)	`InventoryNet`	$36.89M	USD	Point-in-time
Prepaid expenses and other current assets (note 5)	`PrepaidExpenseAndOtherAssetsCurrent`	$17.18M	USD	Point-in-time
Prepaid expenses and other current assets (note 5)	`PrepaidExpenseAndOtherAssetsCurrent`	$14.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.15M	USD	Point-in-time
Notes Receivable (note 6)	`NotesAndLoansReceivableNetNoncurrent`	$6.90M	USD	Point-in-time
Notes Receivable (note 6)	`NotesAndLoansReceivableNetNoncurrent`	$9.43M	USD	Point-in-time
Property and equipment-net (note 8)	`PropertyPlantAndEquipmentNet`	$579.38K	USD	Point-in-time
Property and equipment-net (note 8)	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Right-of-use asset-operating leases	`OperatingLeaseRightOfUseAsset`	$791.97K	USD	Point-in-time
Right-of-use asset-operating leases	`OperatingLeaseRightOfUseAsset`	$836.04K	USD	Point-in-time
Right-of-use asset-finance leases	`FinanceLeaseRightOfUseAsset`	$162.12K	USD	Point-in-time
Right-of-use asset-finance leases	`FinanceLeaseRightOfUseAsset`	$129.62K	USD	Point-in-time
Long term security deposits	`DepositsAssets`	$110.10K	USD	Point-in-time
Long term security deposits	`DepositsAssets`	$122.73K	USD	Point-in-time
Intangibles (note 9)	`IntangibleAssetsNetExcludingGoodwill`	$16.59M	USD	Point-in-time
Intangibles (note 9)	`IntangibleAssetsNetExcludingGoodwill`	$16.44M	USD	Point-in-time
Goodwill (note 9)	`Goodwill`	$10.42M	USD	Point-in-time
Goodwill (note 9)	`Goodwill`	$10.42M	USD	Point-in-time
Total Assets	`Assets`	$131.29M	USD	Point-in-time
Total Assets	`Assets`	$148.18M	USD	Point-in-time
Accounts payable and accrued expenses (note 10)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.41M	USD	Point-in-time
Accounts payable and accrued expenses (note 10)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.53M	USD	Point-in-time
Lease liability-operating leases (note 7)	`OperatingLeaseLiabilityCurrent`	$321.28K	USD	Point-in-time
Lease liability-operating leases (note 7)	`OperatingLeaseLiabilityCurrent`	$337.63K	USD	Point-in-time
Lease liability-finance leases (note 7)	`FinanceLeaseLiabilityCurrent`	$205.82K	USD	Point-in-time
Lease liability-finance leases (note 7)	`FinanceLeaseLiabilityCurrent`	$192.65K	USD	Point-in-time
Other current liabilities (note 11)	`OtherLiabilitiesCurrent`	$586.95K	USD	Point-in-time
Other current liabilities (note 11)	`OtherLiabilitiesCurrent`	$425.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.37M	USD	Point-in-time
Lease liability-operating leases (note 7)	`OperatingLeaseLiabilityNoncurrent`	$436.63K	USD	Point-in-time
Lease liability-operating leases (note 7)	`OperatingLeaseLiabilityNoncurrent`	$514.95K	USD	Point-in-time
Lease liability-finance leases (note 7)	`FinanceLeaseLiabilityNoncurrent`	$82.29K	USD	Point-in-time
Lease liability-finance leases (note 7)	`FinanceLeaseLiabilityNoncurrent`	$87.15K	USD	Point-in-time
Total Liabilities	`Liabilities`	$26.96M	USD	Point-in-time
Total Liabilities	`Liabilities`	$39.17M	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 72,585,687 and 72,262,829 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively (note 14)	`CommonStockValue`	$72.26K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 72,585,687 and 72,262,829 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively (note 14)	`CommonStockValue`	$72.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$164.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$159.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-394.65K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-202.14K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$109.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$63.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$65.51M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$104.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$148.18M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$131.29M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue (note 3)	`Revenues`	$28.18M	USD	1 Quarter
Revenue (note 3)	`Revenues`	$50.03M	USD	1 Quarter
Cost of revenue (note 2)	`CostOfRevenue`	$29.46M	USD	1 Quarter
Cost of revenue (note 2)	`CostOfRevenue`	$15.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.00M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$7.51M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$11.96M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.53M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$813.38K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$967.59K	USD	1 Quarter
Interest income on note receivable (note 6)	`InterestAndDividendIncomeOperating`	$86.53K	USD	1 Quarter
Interest income on note receivable (note 6)	`InterestAndDividendIncomeOperating`	$97.53K	USD	1 Quarter
Interest expense on bonds	`InterestExpenseSubordinatedNotesAndDebentures`	-	USD	1 Quarter
Interest expense on bonds	`InterestExpenseSubordinatedNotesAndDebentures`	$136.02K	USD	1 Quarter
Interest on other obligations	`InterestOnOtherObligations`	$1.60K	USD	1 Quarter
Interest on other obligations	`InterestOnOtherObligations`	$3.60K	USD	1 Quarter
Amortization of discount on bonds payable	`AmortizationOfDiscountOnBondsPayable`	-	USD	1 Quarter
Amortization of discount on bonds payable	`AmortizationOfDiscountOnBondsPayable`	$-166.07K	USD	1 Quarter
Other miscellaneous income/(expense)	`OtherMiscellaneousExpense`	$8.94K	USD	1 Quarter
Other miscellaneous income/(expense)	`OtherMiscellaneousExpense`	$-11.62K	USD	1 Quarter
Gain on lease cancellations	`GainLossOnTerminationOfLease`	-	USD	1 Quarter
Gain on lease cancellations	`GainLossOnTerminationOfLease`	-	USD	1 Quarter
Foreign exchange (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-301.26K	USD	1 Quarter
Foreign exchange (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-222.33K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-421.54K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-227.95K	USD	1 Quarter
Net Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$546.05K	USD	1 Quarter
Net Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$585.42K	USD	1 Quarter
Income tax expense (note X)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (note X)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income	`NetIncomeLoss`	$585.42K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$546.05K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-114.49K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-192.51K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$431.56K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$392.92K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.28M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	72.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.93M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$585.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$546.05K	USD	1 Quarter
Depreciation	`Depreciation`	$124.94K	USD	1 Quarter
Depreciation	`Depreciation`	$108.20K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$187.67K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$309.60K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$221.22K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$223.03K	USD	1 Quarter
Inventory excess and obsolescence allowance	`InventoryAllowanceForExcessAndObsoleteProducts`	$-753.93K	USD	1 Quarter
Inventory excess and obsolescence allowance	`InventoryAllowanceForExcessAndObsoleteProducts`	$270.71K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.58M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Gain on China transaction	`GainLossOnInvestments`	$-144.40K	USD	1 Quarter
Gain on China transaction	`GainLossOnInvestments`	-	USD	1 Quarter
Accounts receivable-net	`IncreaseDecreaseInAccountsReceivable`	$9.23M	USD	1 Quarter
Accounts receivable-net	`IncreaseDecreaseInAccountsReceivable`	$3.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$19.24M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$5.48M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.56M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$501.59K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.73M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.11M	USD	1 Quarter
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$174.35K	USD	1 Quarter
Deposits/deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$102.74K	USD	1 Quarter
Change in right-of-use asset and lease liability-net	`ChangeInRightToUseAndLeaseObligationnet`	$-4.58K	USD	1 Quarter
Change in right-of-use asset and lease liability-net	`ChangeInRightToUseAndLeaseObligationnet`	$-2.18K	USD	1 Quarter
Net cash provided used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.82M	USD	1 Quarter
Net cash provided used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.32M	USD	1 Quarter
Proceeds from note receivable	`ProceedsFromSaleOfNotesReceivable`	-	USD	1 Quarter
Proceeds from note receivable	`ProceedsFromSaleOfNotesReceivable`	$1.88M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.37K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$697.84K	USD	1 Quarter
Net cash provided/(used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.18M	USD	1 Quarter
Net cash provided/(used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.37K	USD	1 Quarter
Principal payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$25.15K	USD	1 Quarter
Principal payments on finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$64.08K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$215.35K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$715.91K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$151.26K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$690.76K	USD	1 Quarter
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-222.93K	USD	1 Quarter
Effect on exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-164.54K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.61M	USD	1 Quarter
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$43.25M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$19.09M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$23.09M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$31.63M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$43.25M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$19.09M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$23.09M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$31.63M	USD	Point-in-time
Cash paid during period for Interest	`InterestPaidNet`	$1.60K	USD	1 Quarter
Cash paid during period for Interest	`InterestPaidNet`	$136.02K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$109.01M	USD	Point-in-time
Balances	`StockholdersEquity`	$63.46M	USD	Point-in-time
Balances	`StockholdersEquity`	$65.51M	USD	Point-in-time
Balances	`StockholdersEquity`	$104.33M	USD	Point-in-time
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.40M	USD	1 Quarter
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.58M	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`	$715.91K	USD	1 Quarter
Issuance of common stock pursuant to exercise of stock options - Cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$215.35K	USD	1 Quarter
Foreign currency translation	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-192.51K	USD	1 Quarter
Foreign currency translation	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-114.49K	USD	1 Quarter
Net income	`ProfitLoss`	$585.42K	USD	1 Quarter
Net income	`ProfitLoss`	$546.05K	USD	1 Quarter
Balances	`StockholdersEquity`	$109.01M	USD	Point-in-time
Balances	`StockholdersEquity`	$63.46M	USD	Point-in-time
Balances	`StockholdersEquity`	$65.51M	USD	Point-in-time
Balances	`StockholdersEquity`	$104.33M	USD	Point-in-time

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