FITLIFE BRANDS, INC.
For the period ended May 15, 2025. Filed May 15, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 15, 2025 · Filed May 15, 2025
FTLF$7.98-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS: | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $5,941 | $4,468 |
| Restricted cash | 53 | 52 |
| Accounts receivable, net of allowance for credit losses of $38 and $41, respectively | 2,693 | 1,626 |
| Inventories, net of allowance for obsolescence of $76 and $100, respectively | 12,131 | 11,074 |
| Prepaid expense and other current assets | 941 | 923 |
| Total current assets | 21,759 | 18,143 |
| Property and equipment, net | 89 | 75 |
| Right of use asset | 385 | 412 |
| Intangibles, net of amortization of $161 and $152, respectively | 26,234 | 26,235 |
| Goodwill | 13,035 | 13,022 |
| Deferred tax asset | 691 | 644 |
| TOTAL ASSETS | $62,193 | $58,531 |
| LIABILITIES AND STOCKHOLDERS' EQUITY: | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $5,275 | $4,067 |
| Accrued liabilities | 1,121 | 684 |
| Income taxes payable | 1,745 | 1,415 |
| Product returns | 574 | 564 |
| Term loan – current portion | 4,500 | 4,500 |
| Lease liability – current portion | 81 | 81 |
| Total current liabilities | 13,296 | 11,311 |
| Term loan, net of current portion and unamortized deferred finance costs | 7,436 | 8,550 |
| Long-term lease liability, net of current portion | 312 | 331 |
| Deferred tax liability | 2,231 | 2,213 |
| TOTAL LIABILITIES | 23,275 | 22,405 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.01 par value, 10,000 shares authorized, none outstanding as of March 31, 2025 and December 31, 2024 | - | - |
| Common stock, $0.01 par value, 120,000 shares authorized; 9,383 and 9,210 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 94 | 92 |
| Additional paid-in capital | 31,872 | 31,129 |
| Retained earnings | 7,585 | 5,567 |
| Foreign currency translation adjustment | (633) | (662) |
| TOTAL STOCKHOLDERS' EQUITY | 38,918 | 36,126 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $62,193 | $58,531 |
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