Company: CELH
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001341766-25-000080
Chunk: 74

Company: Celsius Holdings, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 74
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2024, goodwill, net of the impact of foreign exchange rate fluctuations, was approximately $72.1 million and $71.6 million, respectively.The carrying amount and accumulated amortization of definite-lived intangible assets, and the carrying amount of indefinite-lived intangible assets, net of the impact of foreign exchange rate fluctuations, as of March 31, 2025 and December 31, 2024, were as follows:Estimated UsefulLife in YearsMarch 31,2025December 31,2024Definite-lived intangible assetsCustomer relationships6-25$14,505 $13,970 Trade name3500 500 Less: accumulated amortization(3,014)(2,692)Definite-lived intangible assets, net$11,991 $11,778 Indefinite-lived intangible assetsBrands453 435 Intangibles-net$12,444 $12,213 As of March 31, 2025 and December 31, 2024, there were no indicators of goodwill or intangible asset impairment. Amortization expense for the three months ended March 31, 2025 and 2024 was approximately $0.2 million and $0.1 million, respectively. Amortization expense is included in selling, general and administrative expenses.The following table reflects the future estimated annualized amortization expense related to definite-lived intangible assets:2025$642 2026856 2027829 2028690 2029690 Thereafter8,284 Total$11,991 

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Celsius Holdings, Inc.Notes to the Condensed Consolidated Financial Statements (Unaudited)March 31, 2025(Tabular dollars in thousands, except per share amounts)

9.    ACCOUNTS PAYABLE AND ACCRUED EXPENSES

As of March 31, 2025 and December 31, 2024, accounts payable was approximately $61.1 million and $41.3 million, respectively.Accrued expenses consisted of the following:March 31,2025December 31,2024Accrued legal$67,669 $63,328 Accrued marketing30,240 34,774 Unbilled purchases23,370 13,754 Accrued freight7,077 5,098 Contractual co-packer obligations1,980 9,350 Other accrued expenses21,710 22,