FITLIFE BRANDS, INC.
For the period ended Nov 13, 2025. Filed Nov 13, 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.
Nov 13, 2025 · Filed Nov 13, 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)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS: | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $3,512 | $4,468 |
| Restricted cash | - | 52 |
| Accounts receivable, net of allowance for credit losses of $22 and $41, respectively | 9,640 | 1,626 |
| Inventories, net of allowance for obsolescence of $254 and $100, respectively | 22,227 | 11,074 |
| Prepaid expense and other current assets | 2,021 | 923 |
| Total current assets | 37,400 | 18,143 |
| Property and equipment, net | 135 | 75 |
| Right of use asset | 785 | 412 |
| Intangibles, net of amortization of $275 and $152, respectively | 51,648 | 26,235 |
| Goodwill | 19,366 | 13,022 |
| Deferred tax asset | 567 | - |
| Other assets | 83 | 644 |
| TOTAL ASSETS | $109,984 | $58,531 |
| LIABILITIES AND STOCKHOLDERS' EQUITY: | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $9,148 | $4,067 |
| Accrued expense | 6,803 | 684 |
| Income taxes payable | 1,688 | 1,415 |
| Product returns | 863 | 564 |
| Term loan – current portion | 8,094 | 4,500 |
| Revolving line of credit | 6,000 | - |
| Lease liability – current portion | 429 | 81 |
| Total current liabilities | 33,025 | 11,311 |
| Term loan, net of current portion and unamortized deferred finance costs | 32,363 | 8,550 |
| Long-term lease liability, net of current portion | 385 | 331 |
| Derivative liability | 32 | - |
| Deferred tax liability | 2,287 | 2,213 |
| TOTAL LIABILITIES | 68,092 | 22,405 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.01 par value, 10,000 shares authorized, none outstanding as of September 30, 2025 and December 31, 2024 | - | - |
| Common stock, $0.01 par value, 120,000 shares authorized; 9,391 and 9,210 issued and outstanding as of September 30, 2025 and December 31, 2024 | 94 | 92 |
| Additional paid-in capital | 32,141 | 31,129 |
| Retained earnings | 10,253 | 5,567 |
| Accumulated other comprehensive loss | (596) | (662) |
| TOTAL STOCKHOLDERS' EQUITY | 41,892 | 36,126 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $109,984 | $58,531 |
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