Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 80

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 Report.

10

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

Certain prior period amounts have been reclassified to conform to the current period's presentation in the condensed consolidated financial statements and accompanying notes. These reclassifications were made for consistency with current period presentation and had no effect on operating results.Line Items – As Previously ReportedLine Item – As ReclassifiedBalance SheetsRight of use assets-operating leasesOther long-term assetsRight of use assets-finance leases-netOther long-term assetsLease liability operating leases (previously presented in current liabilities)Other current liabilitiesLease liability finance leases (previously presented in current liabilities)Other current liabilitiesLease liability operating leases (previously presented in non-current liabilities)Other long term liabilitiesLease liability finance leases (previously presented in non-current liabilities)Other long term liabilitiesDeferred tax liability Other long term liabilitiesIntangibles-netCustomer relationships-netIntangibles-netBrands-netStatements of Operations and Comprehensive IncomeForeign exchange loss Other, netStatements of Cash Flows Loss on disposal of property and equipment Other operating activitiesForeign exchange loss Other operating activitiesChange in right of use and lease obligation-net Other long-term liabilitiesAccrued distributor termination fees Accrued expensesProceeds from exercise of stock optionsOther financing activitiesPrincipal payments on finance and lease obligationsOther financing activitiesPrinciples of Consolidation — These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in accordance with U.S. GAAP.Business Combinations — The Company accounts for business combinations in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations ("ASC 805"). Under this guidance, the results of operations of an acquired business are included in the Company’s condensed consolidated financial statements and related notes prospectively from the acquisition date.The Company allocates the purchase consideration to the identifiable tangible and intangible assets acquired and liabilities assumed based on their fair values as of the acquisition date. Any excess of the purchase consideration over the fair value of net assets acquired is recognized as goodwill. During the measurement period, which does not exceed twelve months from the acquisition date, adjustments to the preliminary fair value estimates may be recorded as additional information becomes available. Measurement period adjustments, if applicable, are recognized in the reporting period in which the adjustments are determined and are reflected as a prospective adjustment to goodwill. See Note 5. Acquisitions