INNOVATIVE FOOD HOLDINGS INC
For the period ended Mar 31, 2026. Filed May 20, 2026.
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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.
Mar 31, 2026 · Filed May 20, 2026
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Consolidated Statements of Cash Flows
| For the Three Months Ended March 31, 2026 · For the Three Months Ended March 31, 2025 | ||||
|---|---|---|---|---|
| Cash flows used in operating activities: | ||||
| Net income (loss) | $1,840,276 | $(430,436) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
| Gain on sale of assets | (2,685,277) | - | ||
| Loss on early extinguishment of debt | 608,539 | - | ||
| Depreciation and amortization | 60,330 | 109,621 | ||
| Amortization of right of use asset | 68,896 | 61,469 | ||
| Amortization of discount on notes payable | - | 1,284 | ||
| Stock based compensation | 23,874 | 101,201 | ||
| Change in value of stock appreciation rights | (15,410) | 60,595 | ||
| Provision for credit losses | 8,199 | 27,555 | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable, net | 184,649 | 1,517,007 | ||
| Inventory, net | 344,618 | (505,814) | ||
| Other current assets | 48,643 | (111,392) | ||
| Accounts payable and accrued liabilities | (564,461) | (1,664,232) | ||
| Accrued separation costs - related parties | (89,477) | (83,333) | ||
| Deferred revenue | - | (2,092) | ||
| Operating lease liability | (67,159) | (58,840) | ||
| Net cash used in operating activities | (233,760) | (977,407) | ||
| Cash flows from investing activities: | ||||
| Cash received from sale of land and building, net of costs | 8,782,365 | - | ||
| Cash paid for purchase of property and equipment | (31,183) | (163,366) | ||
| Cash received from disposition of asset | 10,000 | - | ||
| Net cash provided by (used in) investing activities | 8,761,182 | (163,366) | ||
| Cash flows from financing activities: | ||||
| Payments on debt | (8,793,288) | (45,604) | ||
| Payments on financing leases | (6,189) | (88,544) | ||
| Borrowings from line of credit | - | 500,000 | ||
| Payments on line of credit | - | (500,000) | ||
| Net cash used in financing activities | (8,799,477) | (134,148) | ||
| Decrease in cash and cash equivalents, and restricted cash | (272,055) | (1,274,921) | ||
| Cash and cash equivalents, and restricted cash at beginning of period | 1,520,012 | 2,380,195 | ||
| Cash and cash equivalents, and restricted cash at end of period - continuing operations | $1,231,164 | $1,081,538 | ||
| Cash and cash equivalents, and restricted cash at end of period - discontinued operations | $16,793 | $23,736 | ||
| Cash and cash equivalents, and restricted cash at end of period | $1,247,957 | $1,105,274 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid during the period for: | ||||
| Interest | $213,358 | $204,813 | ||
| Taxes | $ | - | $ | - |
| Non-cash investing and financing activities: | ||||
| None. | ||||
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