Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 28

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 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 under the first-in, first-out method. Changes in the inventory reserve are included in cost of revenue. Inventories-net consist of the following:June 30, 2025December 31, 2024Finished goods$187,584 $108,786 Raw materials47,375 27,088 Less: inventory reserve(4,913)(4,709)Inventories-net$230,046 $131,165 

9.    PROPERTY, PLANT AND EQUIPMENT

The following table summarizes the Company's property, plant and equipment balances and includes the estimated useful lives that are generally used to depreciate the assets on a straight-line basis:Estimated UsefulLife in YearsJune 30,2025December 31,2024Merchandising equipment - coolers3-7$52,892 $39,231 Machinery and equipment7-1516,585 10,136 Vehicles514,828 12,237 Leasehold improvements3-52,439 2,561 Office equipment 3-71,846 2,228 Less: accumulated depreciation(16,074)(10,791)Property, plant and equipment-net$72,516 $55,602 Depreciation expense amounted to approximately $2.8 million and $1.2 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense amounted to approximately $5.2 million and $2.3 million for the six months ended June 30, 2025 and 2024, respectively. Depreciation expense is primarily reflected in selling, general and administrative expenses.

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Celsius