$SBEV
SPLASH BEVERAGE GROUP, INC. Stock $sbev

$sbev Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000173112224000818 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$1.047M	$1.541M	$5.823M
YoY Change	-79.85%	-73.54%	48.29%
Cost Of Revenue	$802.4K	$1.377M	$4.061M
YoY Change	-76.52%	-66.09%	31.24%
Gross Profit	$244.4K	$163.6K	$1.761M
YoY Change	-86.25%	-90.71%	111.72%
Gross Profit Margin	23.35%	10.62%	30.25%
Selling, General & Admin			$2.649M
YoY Change			-59.35%
% of Gross Profit			150.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$37.02K	$37.21K	$46.70K
YoY Change	16.9%	-20.31%	-77.32%
% of Gross Profit	15.14%	22.74%	2.65%
Operating Expenses	$3.935M	$3.414M	$5.216M
YoY Change	-34.39%	-34.55%	-19.94%
Operating Profit	-$3.691M	-$3.250M	-$3.455M
YoY Change	-12.57%	-5.92%	-39.22%
Interest Expense		$532.6K	$167.1K
YoY Change		218.69%	-294.6%
% of Operating Profit
Other Income/Expense, Net	-$1.636M	-$1.421M	-$274.4K
YoY Change	17.78%	417.75%	219.49%
Pretax Income			-$3.455M
YoY Change			-40.12%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$5.327M	-$4.671M	-$3.729M
YoY Change	-5.05%	25.25%	-37.79%
Net Earnings / Revenue	-508.86%	-303.17%	-64.05%
Basic Earnings Per Share
Diluted Earnings Per Share			-$0.10
COMMON SHARES
Basic Shares Outstanding	47.66M shares	45.13M shares	41.09M shares
Diluted Shares Outstanding	49.12M shares	44.79M shares	37.39M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments			$2.146M
YoY Change			-74.74%
Cash & Equivalents	$8.298K	$14.76K	$2.146M
Short-Term Investments
Other Short-Term Assets			$926.3K
YoY Change			2.31%
Inventory	$1.306M	$1.472M	$3.145M
Prepaid Expenses	$315.8K	$365.1K	$926.3K
Receivables	$669.1K	$755.9K	$2.191M
Other Receivables	$238.7K	$229.0K	$490.1K
Total Short-Term Assets	$2.538M	$2.836M	$8.898M
YoY Change	-63.2%	-68.12%	-31.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$274.1K	$312.6K	$461.2K
YoY Change	-35.34%	-32.23%	-69.12%
Goodwill	$256.8K	$256.8K	$256.8K
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments			$250.0K
YoY Change			0.0%
Other Assets			$49.37K
YoY Change			-76.09%
Total Long-Term Assets	$5.520M	$5.722M	$6.451M
YoY Change	-11.51%	-11.3%	-16.36%
TOTAL ASSETS
Total Short-Term Assets	$2.538M	$2.836M	$8.898M
Total Long-Term Assets	$5.520M	$5.722M	$6.451M
Total Assets	$8.058M	$8.558M	$15.35M
YoY Change	-38.64%	-44.24%	-25.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.924M	$4.945M	$2.919M
YoY Change	48.85%	69.41%	92.38%
Accrued Expenses			$413.7K
YoY Change			-8.87%
Deferred Revenue
YoY Change
Short-Term Debt			$200.0K
YoY Change			81.82%
Long-Term Debt Due			$1.276M
YoY Change			-48.64%
Total Short-Term Liabilities	$16.82M	$17.02M	$4.900M
YoY Change	96.46%	247.41%	-9.82%
LONG-TERM LIABILITIES
Long-Term Debt			$2.432M
YoY Change
Other Long-Term Liabilities			$423.2K
YoY Change			-36.72%
Total Long-Term Liabilities	$1.591M	$1.038M	$2.855M
YoY Change	164.52%	-63.64%	327.02%
TOTAL LIABILITIES
Total Short-Term Liabilities	$16.82M	$17.02M	$4.900M
Total Long-Term Liabilities	$1.591M	$1.038M	$2.855M
Total Liabilities	$18.41M	$18.06M	$7.755M
YoY Change	100.93%	132.88%	27.09%
SHAREHOLDERS EQUITY
Retained Earnings	-$142.1M	-$136.7M	-$116.1M
YoY Change	16.77%	17.82%
Common Stock	$53.89K	$46.38K	$41.09K
YoY Change	25.9%	12.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$10.35M	-$9.503M	$7.593M
YoY Change
Total Liabilities & Shareholders Equity	$8.058M	$8.558M	$15.35M
YoY Change	-38.64%	-44.24%	-25.53%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$5.327M	-$4.671M	-$3.729M
YoY Change	-5.05%	25.25%	-37.79%
Depreciation, Depletion And Amortization	$37.02K	$37.21K	$46.70K
YoY Change	16.9%	-20.31%	-77.32%
Cash From Operating Activities		-$1.308M	-$4.104M
YoY Change		-68.13%	-7.81%
INVESTING ACTIVITIES
Capital Expenditures			$10.57K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities		$0.00	-$10.57K
YoY Change		-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		$950.1K	$1.830M
YoY Change		-48.08%	-79.12%
NET CHANGE
Cash From Operating Activities		-$1.308M	-$4.104M
Cash From Investing Activities		$0.00	-$10.57K
Cash From Financing Activities		$950.1K	$1.830M
Net Change In Cash		-$365.2K	-$2.286M
YoY Change		-84.02%
FREE CASH FLOW
Cash From Operating Activities		-$1.308M	-$4.104M
Capital Expenditures			$10.57K
Free Cash Flow			-$4.114M
YoY Change			-7.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14757	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	379978	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	163615	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	1761499	usd
CY2024Q1	sbev	Contracted Services ContractedServices	218829	usd
CY2023Q1	sbev	Contracted Services ContractedServices	381005	usd
CY2024Q1	us-gaap	Salaries And Wages SalariesAndWages	1234926	usd
CY2023Q1	us-gaap	Salaries And Wages SalariesAndWages	1234127	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	556672	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	215760	usd
CY2024Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	1201031	usd
CY2023Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	2648701	usd
CY2024Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	202454	usd
CY2023Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	736827	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	3413912	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	5216420	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3250297	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3454921	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1495	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	140404	usd
CY2024Q1	sbev	Amortization Of Debt Discount AmortizationOfDebtDiscount	886838	usd
CY2023Q1	sbev	Amortization Of Debt Discount AmortizationOfDebtDiscount	247661	usd
CY2024Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	332	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	0	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	532599	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	167121	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1420600	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-274378	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-4670897	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-3729299	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4670897	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-3729299	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-7437	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1609	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4678334	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3730908	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.10
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.10
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.10
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.10
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44793831	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44793831	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37389990	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37389990	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	9322134	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature	1786468	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	215760	usd
CY2023Q1	sbev	Accumulated Comprehensive Loss Translation Net AccumulatedComprehensiveLossTranslationNet	-1609	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3729299	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	7593454	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-5605326	usd
CY2024Q1	sbev	Issuance Of Common Stock For Note Extension IssuanceOfCommonStockForNoteExtension	108000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	271672	usd
CY2024Q1	sbev	Adoption Of Asu AdoptionOfAsu	-932046	usd
CY2024Q1	sbev	Issuance Of Warrants On Convertible Instruments IssuanceOfWarrantsOnConvertibleInstruments	768346	usd
CY2024Q1	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	388000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	177000	usd
CY2024Q1	sbev	Accumulated Comprehensive Loss Translation Net AccumulatedComprehensiveLossTranslationNet	-7437	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-4670897	usd
CY2023Q1	sbev	Noncash Debt Discount In Form Of Issuance Of Shares And Beneficial Conversion Feature In Conjunction With Convertible Notes NoncashDebtDiscountInFormOfIssuanceOfSharesAndBeneficialConversionFeatureInConjunctionWithConvertibleNotes	1786468	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-9502688	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-4670897	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3729299	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	135231	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	130618	usd
CY2024Q1	sbev	Amortization Of Debt Discount AmortizationOfDebtDiscount	886838	usd
CY2023Q1	sbev	Amortization Of Debt Discount AmortizationOfDebtDiscount	247661	usd
CY2024Q1	sbev	Amortization Of Rightofuse Asset AmortizationOfRightofuseAsset	21	usd
CY2023Q1	sbev	Amortization Of Rightofuse Asset AmortizationOfRightofuseAsset	427	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	556672	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	215760	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-134732	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	378571	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-780757	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-576514	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	139903	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	723988	usd
CY2024Q1	sbev	Increase Decrease In Deposit IncreaseDecreaseInDeposit	-15	usd
CY2023Q1	sbev	Increase Decrease In Deposit IncreaseDecreaseInDeposit	-78	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	500887	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-464195	usd
CY2024Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	507752	usd
CY2023Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	21324	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1307925	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-4103827	usd
CY2024Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	-0	usd
CY2023Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	10571	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10571	usd
CY2024Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	5000	usd
CY2023Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	-0	usd
CY2024Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	0	usd
CY2023Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	200000	usd
CY2024Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1465500	usd
CY2023Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	2000000	usd
CY2024Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	509858	usd
CY2023Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	369941	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	950142	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1830059	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-7437	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1609	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-365221	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2285948	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	379978	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4431745	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14757	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2145797	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	24847	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	145797	usd
CY2024Q1	sbev	Notes Payable And Accrued Interest Converted To Common Stock NotesPayableAndAccruedInterestConvertedToCommonStock	388000	usd
CY2023Q1	sbev	Notes Payable And Accrued Interest Converted To Common Stock NotesPayableAndAccruedInterestConvertedToCommonStock	0	usd
CY2024Q1	sbev	Noncash Debt Discount In Form Of Issuance Of Shares And Beneficial Conversion Feature In Conjunction With Convertible Notes NoncashDebtDiscountInFormOfIssuanceOfSharesAndBeneficialConversionFeatureInConjunctionWithConvertibleNotes	661677	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_844_eus-gaap--UseOfEstimates_znLqznpdSqij" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_869_z8dyhqv8LZ32">Use of Estimates</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of consolidated financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	0	usd
CY2023Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	0	usd
CY2024Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	208186	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	183089	usd
CY2024Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	253128	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	290524	usd
CY2024Q1	us-gaap	Depreciation Depreciation	37214	usd
CY2023Q1	us-gaap	Depreciation Depreciation	46701	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2178095	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2178095	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1865506	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1828293	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	312589	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	349802	usd
CY2024Q1	us-gaap	Revenue Recognition Allowances RevenueRecognitionAllowances	<p id="xdx_84A_eus-gaap--RevenueRecognitionAllowances_zs2Vxl1D9bF2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline"><span id="xdx_863_zCBVe3ypYBce">Revenue Recognition</span></span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers (Topic 606). This guidance sets forth a five-step model which depicts the recognition of revenue in an amount that reflects what the Company expects to receive in exchange for the transfer of goods or services to customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue when the Company’s performance obligations under the terms of a contract with the customer are satisfied. Product sales occur for the Splash Beverage and E-commerce businesses once control of the Company’s products are transferred upon delivery to the customer. Revenue is measured as the amount of consideration that the Company expects to receive in exchange for transferring goods, and revenue is presented net of provisions for customer returns and allowances. The amount of consideration the Company receives and revenue the Company recognizes varies with changes in customer incentives offered to the Company’s customers and their customers. Sales taxes and other similar taxes are excluded from revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Distribution expenses to transport our products, and warehousing expense after manufacture are accounted for in Other General and Administrative cost.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.50	pure
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted	81014017	shares
CY2024Q1	us-gaap	Advertising Expense AdvertisingExpense	77627	usd
CY2023Q1	us-gaap	Advertising Expense AdvertisingExpense	195048	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	5776000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1414708	usd
CY2024Q1	sbev	Acquired Finite Lived Intangible Assets Weighted Average Useful Lifes AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLifes	P12M
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	98017	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	98017	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	294051	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	392068	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	392068	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	392068	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	363580	usd
CY2023Q1	sbev	Notes Payable Related Party Classified Current NotesPayableRelatedPartyClassifiedCurrent	-200000	usd
CY2024Q1	sbev	Notes Payable Related Parties Noncurrents NotesPayableRelatedPartiesNoncurrents	0	usd
CY2024Q1	sbev	Finite Lived Intangible Assets Amortization Expense After Year Four FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour	2527457	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4361292	usd
CY2024Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	7437	usd
CY2023Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	1609	usd
CY2024Q1	us-gaap	Net Income Loss From Continuing Operations Available To Common Shareholders Basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic	4700000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-136746623	usd
CY2024Q1	sbev	Cash Flows From Operating Activities CashFlowsFromOperatingActivities	1300000	usd
CY2023	us-gaap	Net Income Loss From Continuing Operations Available To Common Shareholders Basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic	21000000	usd
CY2023	sbev	Cash Flows From Operating Activities CashFlowsFromOperatingActivities	10200000	usd
CY2024Q1	sbev	Proceeds From Issuance Of Common Stock1 ProceedsFromIssuanceOfCommonStock1	1500000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	2200000	usd
CY2024Q1	sbev	Increase In Additional Paid In Capital IncreaseInAdditionalPaidInCapital	1300000	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	11649703	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	11082561	usd
CY2024Q1	sbev	Less Notes Discount LessNotesDiscount	-1825847	usd
CY2023Q4	sbev	Less Notes Discount LessNotesDiscount	-2876387	usd
CY2024Q1	sbev	Notes Payables Current NotesPayablesCurrent	-9013690	usd
CY2023Q4	sbev	Notes Payables Current NotesPayablesCurrent	-7748518	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	810166	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	457656	usd
CY2024Q1	sbev	Notes Payable Related Party Classified Current NotesPayableRelatedPartyClassifiedCurrent	-200000	usd
CY2023Q1	sbev	Notes Payable Related Parties Noncurrents NotesPayableRelatedPartiesNoncurrents	0	usd
CY2024Q1	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	14615036	shares
CY2024Q1	us-gaap	Royalty Expense RoyaltyExpense	55000	usd
CY2023Q1	us-gaap	Royalty Expense RoyaltyExpense	55000	usd
CY2024Q1	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	0	usd
CY2023Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	0	usd
CY2024Q1	us-gaap	Payments For Royalties PaymentsForRoyalties	165000	usd
CY2023Q1	us-gaap	Payments For Royalties PaymentsForRoyalties	165000	usd
CY2024Q1	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P10Y
CY2024Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	300000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue	272263	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice	0.59
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P10Y
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.8228	pure
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.040	pure
CY2024Q1	sbev	Due To Officer Or Stockholders Current DueToOfficerOrStockholdersCurrent	200000	usd
CY2023Q1	sbev	Due To Officer Or Stockholders Current DueToOfficerOrStockholdersCurrent	200000	usd
CY2024Q1	us-gaap	Other Notes Payable OtherNotesPayable	294779	usd
CY2023Q1	us-gaap	Other Notes Payable OtherNotesPayable	371693	usd
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	97953	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	93328	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	214752	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	287193	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	17857	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	519802	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	20074	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	494728	usd
CY2024Q1	sbev	Current Portion Operating Lease Liability CurrentPortionOperatingLeaseLiability	266704	usd
CY2024Q1	sbev	Operating Lease Liabilities Noncurrent OperatingLeaseLiabilitiesNoncurrent	228024	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.050	pure
CY2024Q1	sbev	Total Net Revenues Continuing Operations TotalNetRevenuesContinuingOperations	1540680	usd
CY2023Q1	sbev	Total Net Revenues Continuing Operations TotalNetRevenuesContinuingOperations	5822727	usd
CY2024Q1	sbev	Total Contribution After Marketing Expenses Continuing Operations TotalContributionAfterMarketingExpensesContinuingOperations	-38839	usd
CY2023Q1	sbev	Total Contribution After Marketing Expenses Continuing Operations TotalContributionAfterMarketingExpensesContinuingOperations	1024672	usd
CY2024Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	218829	usd
CY2023Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	381005	usd
CY2024Q1	us-gaap	Salaries And Wages SalariesAndWages	1234926	usd
CY2023Q1	us-gaap	Salaries And Wages SalariesAndWages	1234127	usd
CY2024Q1	sbev	Noncash Sharebased Compensation NoncashSharebasedCompensation	556672	usd
CY2023Q1	sbev	Noncash Sharebased Compensation NoncashSharebasedCompensation	215760	usd
CY2024Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	1201031	usd
CY2023Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	2648701	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3250297	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3454921	usd
CY2024Q1	us-gaap	Assets Net AssetsNet	8558467	usd
CY2023Q4	us-gaap	Assets Net AssetsNet	9898768	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
sbev-20240331_cal.xml	Edgar Link	unprocessable
0001731122-24-000818-index-headers.html	Edgar Link	pending
0001731122-24-000818-index.html	Edgar Link	pending
0001731122-24-000818.txt	Edgar Link	pending
0001731122-24-000818-xbrl.zip	Edgar Link	pending
e5670_10-q.htm	Edgar Link	pending
e5670_ex31-1.htm	Edgar Link	pending
e5670_ex31-2.htm	Edgar Link	pending
e5670_ex32-1.htm	Edgar Link	pending
e5670_ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sbev-20240331.xsd	Edgar Link	pending
Show.js	Edgar Link	pending
sbev-20240331_def.xml	Edgar Link	unprocessable
sbev-20240331_lab.xml	Edgar Link	unprocessable
sbev-20240331_pre.xml	Edgar Link	unprocessable
e5670_10-q_htm.xml	Edgar Link	completed

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$SBEV
SPLASH BEVERAGE GROUP, INC. Stock $sbev

2024 Q2 Form 10-Q Financial Statement

#000173112224000818 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SBEV SPLASH BEVERAGE GROUP, INC. Stock $sbev

2024 Q2 Form 10-Q Financial Statement

#000173112224000818 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SBEV
SPLASH BEVERAGE GROUP, INC. Stock $sbev