INNOVATIVE FOOD HOLDINGS INC
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 14, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine · For the Nine | ||||
|---|---|---|---|---|
| Months Ended · Months Ended | ||||
| September 30, · September 30, | ||||
| 2025 · 2024 | ||||
| Cash flows used in operating activities: | ||||
| Net income (loss) | $(2,091,122) | $2,657,380 | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
| Gain on disposition of assets | - | (2,641,979) | ||
| Gain on sale of subsidiaries | - | (21,126) | ||
| Loss on sale of fixed assets | 106,591 | - | ||
| Depreciation and amortization | 321,402 | 211,488 | ||
| Amortization of right of use asset | 184,426 | 12,740 | ||
| Amortization of discount on notes payable | 3,852 | 3,850 | ||
| Stock based compensation | 361,115 | 313,773 | ||
| Gain on derecognition of note payable and accrued interest | (39,154) | - | ||
| Changes in fair value of stock appreciation rights | (1,077,098) | 476,161 | ||
| Inventory valuation adjustment associated with facility closure | 1,376,699 | - | ||
| Provision for credit losses | 61,831 | 40,667 | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable, net | 2,837,800 | (697,821) | ||
| Inventory | 367,600 | (161,062) | ||
| Other current assets | (114,539) | (140,096) | ||
| Accounts payable and accrued liabilities | (2,753,747) | (2,281,618) | ||
| Accrued separation costs - related parties | (48,221) | (379,380) | ||
| Deferred revenue | (5,700) | (97,569) | ||
| Operating lease liability | (179,329) | (12,740) | ||
| Net cash used in operating activities | (687,594) | (2,717,332) | ||
| Cash flows from investing activities: | ||||
| Acquisition of property and equipment | (229,278) | (309,262) | ||
| Cash received from disposition of asset | 54,500 | - | ||
| Cash received from disposition of land and building, net of loan payoff | - | 2,101,185 | ||
| Cash received from disposition of intangible assets, net of costs | - | 525,000 | ||
| Net cash provided by (used in) investing activities | (174,778) | 2,316,923 | ||
| Cash flows from financing activities: | ||||
| Principal payments on debt | (132,478) | (64,878) | ||
| Principal payments financing leases | (179,260) | (136,078) | ||
| Cash received from line of credit | 500,000 | - | ||
| Principal payments on line of credit | (500,000) | - | ||
| Reimbursement from restricted cash for capital expenditures | 352,264 | - | ||
| Net cash used in financing activities | 40,526 | (200,956) | ||
| Decrease in cash and cash equivalents | (821,846) | (601,365) | ||
| Cash and cash equivalents at beginning of period | 1,520,414 | 5,422,335 | ||
| Cash and cash equivalents at end of period - continuing operations | $684,322 | $4,596,637 | ||
| Cash and cash equivalents at end of period - discontinued operations | $14,246 | $224,333 | ||
| Cash and cash equivalents at end of period | $698,568 | $4,820,970 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid during the period for: | ||||
| Interest | $612,293 | $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 | $82 | $ | - | |
| 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 | $1,892 | $ | - | |
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