Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 98

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 net of the impact of foreign exchange rate fluctuations as of June 30, 2025 and December 31, 2024 were as follows:Estimated Useful Life in YearsJune 30, 2025December 31, 2024Definite-lived intangible assetsCustomer relationships5 - 25$126,644 $13,970 Brands3500 500 Less: accumulated amortization(9,029)(2,692)Definite-lived intangible assets, net$118,115 $11,778 Indefinite-lived intangibles assetsBrandsindefinite$1,104,482 $435 Less: impairment[1](482)— Indefinite-lived intangible assets$1,104,000 $435 Brands-net$1,104,389 $907 Customer relationships-net$117,726 $11,306 [1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the Func Foods brand name. This charge is included within other (expense) income.

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Celsius Holdings, Inc.Notes to the Condensed Consolidated Financial Statements (Unaudited)June 30, 2025(Tabular dollars in thousands, except per share amounts)

The following table reflects the future estimated annualized amortization expense related to definite-lived intangible assets:2025$11,551 202623,102 202723,074 202822,935 202922,935 Thereafter14,518 Total$118,115 As of June 30, 2025 and December 31, 2024, there were no indicators of goodwill or intangible asset impairment. Intangible asset amortization expense for the three months ended June 30, 2025 and 2024 was approximately $5.8 million and $0.1 million, respectively. Amortization expense for the six months ended June 30, 2025 and 2024 was approximately $6.0 million and $0.3 million, respectively. Amortization expense is primarily included in selling, general and administrative expenses.

8.    INVENTORIES

Inventories are valued at the lower of cost or net realizable value with costs approximating those determined