INNOVATIVE FOOD HOLDINGS INC
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
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Consolidated Statements of Cash Flows
| For the Six · For the Six | ||||
|---|---|---|---|---|
| Months Ended · Months Ended | ||||
| June 30, · June 30, | ||||
| 2025 · 2024 | ||||
| Cash flows used in operating activities: | ||||
| Net income (loss) | $(371,926) | $1,322,550 | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
| Gain on disposition of assets | - | (1,807,516) | ||
| (Gain) Loss on sale of subsidiaries | - | (21,126) | ||
| Depreciation and amortization | 218,474 | 168,562 | ||
| Amortization of right of use asset | 123,972 | 8,421 | ||
| Amortization of discount on notes payable | 2,568 | 2,568 | ||
| Stock based compensation | 202,402 | 208,504 | ||
| Value of stock appreciation rights | (227,263) | 531,748 | ||
| Provision for credit losses | 28,310 | 35,855 | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable, net | 2,094,325 | (926,416) | ||
| Inventory and other current assets, net | 289,768 | 199,167 | ||
| Accounts payable and accrued liabilities | (2,473,041) | (3,037,522) | ||
| Accrued separation costs - related parties | (166,665) | (287,911) | ||
| Deferred revenue | (3,800) | 128,319 | ||
| Operating lease liability | (119,411) | (8,421) | ||
| Net cash used in operating activities | (402,287) | (3,483,218) | ||
| Cash flows from investing activities: | ||||
| Acquisition of property and equipment | (208,886) | (15,857) | ||
| Cash received from disposition of asset, net of loan payoff | - | 2,101,185 | ||
| Net cash provided by (used in) investing activities | (208,886) | 2,085,328 | ||
| Cash flows from financing activities: | ||||
| Principal payments on debt | (88,654) | (43,548) | ||
| Principal payments financing leases | (126,813) | (94,841) | ||
| Cash received from line of credit | 500,000 | - | ||
| Principal payments on line of credit | (500,000) | - | ||
| Net cash used in financing activities | (215,467) | (138,389) | ||
| Decrease in cash and cash equivalents | (826,640) | (1,536,279) | ||
| Cash and cash equivalents at beginning of period | 2,380,195 | 5,422,335 | ||
| Cash and cash equivalents at end of period - continuing operations | $1,553,555 | $3,767,097 | ||
| Cash and cash equivalents at end of period - discontinued operations | $ | - | $118,959 | |
| Cash and cash equivalents at end of period | $1,553,555 | $3,886,056 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid during the period for: | ||||
| Interest | $409,271 | $456,062 | ||
| Taxes | $ | - | $ | - |
| Non-cash investing and financing activities: | ||||
| Reclassify fixed assets as held for sale | $ | - | $5,941,933 | |
| Principal and accrued interest paid from escrow to Maple Mark Bank | $ | - | $353,815 | |
| Issuance of common stock under compensation plans | $74 | $ | - | |
| Issuance of common stock from common stock to be issued | $37 | $ | - | |
| Issuance of stock for cashless exercise of options | $8 | $2 | ||
| Capitalized interest on financing lease | $1,130 | $ | - | |
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