$SBEV
SPLASH BEVERAGE GROUP, INC.

2021 Form 10-K Financial Statement

#000173112222000639 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020
Revenue $11.32M $2.976M
YoY Change 280.25% 192.38%
Cost Of Revenue $8.734M $2.252M
YoY Change 287.88% 342.51%
Gross Profit $2.582M $724.1K
YoY Change 256.51% 42.27%
Gross Profit Margin 22.81% 24.33%
Selling, General & Admin $31.66M $18.03M
YoY Change 75.67% 1868.69%
% of Gross Profit 1226.55% 2489.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $111.6K $113.3K
YoY Change -1.53% 77.7%
% of Gross Profit 4.32% 15.65%
Operating Expenses $31.66M $18.03M
YoY Change 75.67% 1740.52%
Operating Profit -$29.08M -$17.30M
YoY Change 68.1% 3577.98%
Interest Expense -$442.2K -$1.981M
YoY Change -77.68% 25037.82%
% of Operating Profit
Other Income/Expense, Net $3.630K $17.79K
YoY Change -79.6%
Pretax Income -$29.35M -$19.23M
YoY Change 52.62% 3929.02%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.005M -$1.547M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.181M $380.0K
YoY Change 1000.36% 1529.5%
Cash & Equivalents $4.181M $380.0K
Short-Term Investments
Other Short-Term Assets $1.081M $490.0K
YoY Change 120.55% 2517.41%
Inventory $1.923M $798.3K
Prepaid Expenses
Receivables $1.114M $484.9K
Other Receivables $41.94K $90.92K
Total Short-Term Assets $8.342M $2.244M
YoY Change 271.74% 487.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.601M $761.8K
YoY Change 110.19% 1637.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $250.0K $250.0K
YoY Change 0.0%
Other Assets $330.9K $77.69K
YoY Change 325.91%
Total Long-Term Assets $8.043M $6.982M
YoY Change 15.21% 15822.12%
TOTAL ASSETS
Total Short-Term Assets $8.342M $2.244M
Total Long-Term Assets $8.043M $6.982M
Total Assets $16.39M $9.226M
YoY Change 77.6% 2065.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.913M $1.522M
YoY Change 25.73% 330.07%
Accrued Expenses $465.5K $500.2K
YoY Change -6.94% 2572.17%
Deferred Revenue
YoY Change
Short-Term Debt $390.5K $100.0K
YoY Change 290.5% 43.82%
Long-Term Debt Due $3.621M $2.333M
YoY Change 55.2% 73965.71%
Total Short-Term Liabilities $6.779M $5.416M
YoY Change 25.18% 742.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.907M
YoY Change -100.0% 92458.74%
Other Long-Term Liabilities $732.7K $2.006M
YoY Change -63.47%
Total Long-Term Liabilities $732.7K $3.912M
YoY Change -81.27% 189814.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.779M $5.416M
Total Long-Term Liabilities $732.7K $3.912M
Total Liabilities $7.512M $9.328M
YoY Change -19.47% 1345.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.873M -$102.0K
YoY Change
Total Liabilities & Shareholders Equity $16.39M $9.226M
YoY Change 77.6% 2065.4%

Cashflow Statement

Concept 2021 2020
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization $111.6K $113.3K
YoY Change -1.53% 77.7%
Cash From Operating Activities -$15.13M -$21.33M
YoY Change -29.04% 9236.87%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$91.07K
YoY Change -100.0% 67.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$689.2K
YoY Change -100.0% -10785.12%
Cash From Investing Activities -$780.3K
YoY Change 1527.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.93M 22.49M
YoY Change -15.83% 7585.86%
NET CHANGE
Cash From Operating Activities -15.13M -21.33M
Cash From Investing Activities -780.3K
Cash From Financing Activities 18.93M 22.49M
Net Change In Cash $0.00 388.4K
YoY Change -100.0% 2278.32%
FREE CASH FLOW
Cash From Operating Activities -$15.13M -$21.33M
Capital Expenditures $0.00 -$91.07K
Free Cash Flow -$15.13M -$21.24M
YoY Change -28.74% 12102.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Due To Related Parties Current
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USD
CY2021Q4 us-gaap Convertible Debt Current
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CY2020Q4 us-gaap Due To Officers Or Stockholders Current
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CY2021Q4 us-gaap Notes Payable Related Parties Noncurrent
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CY2021Q4 us-gaap Long Term Notes Payable
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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CY2021Q4 us-gaap Common Stock Value Outstanding
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2021 sbev Noncash Acquisition Costs
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CY2021 us-gaap Increase Decrease In Royalties Payable
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Payments To Acquire Investments
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Cash Acquired From Acquisition
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2020 us-gaap Repayments Of Secured Debt
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CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2020 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2020 us-gaap Interest Paid
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CY2021 sbev Notes Payable And Accrued Interest Converted To Common Stock
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CY2021Q4 us-gaap Long Term Debt
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CY2021Q4 sbev Notes Payable Related Parties Noncurrents
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD

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