FTLF: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, FTLF has $109,984K in assets. $68,092K in debts.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Deposit for irwin acquisition	-	5,000
Cash and cash equivalents	3,512	1,530
Restricted cash	0	55
Accounts receivable, net of allowance for credit losses of 22 and 41, respectively	9,640	2,488
Inventories, net of allowance for obsolescence of 254 and 100, respectively	22,227	11,722
Prepaid expense and other current assets	2,021	1,382
Total current assets	37,400	22,177
Property and equipment, net	135	81
Right of use asset	785	367
Intangibles, net of amortization of 275 and 152, respectively	51,648	26,285
Goodwill	19,366	13,116
Deferred tax asset	567	821
Other assets	83	-
Total assets	109,984	62,847

Accounts payable	9,148	4,940
Accrued expense	6,803	1,409
Income taxes payable	1,688	1,521
Product returns	863	524
Term loan current portion	8,094	4,500
Revolving line of credit	6,000	-
Lease liability current portion	429	74
Total current liabilities	33,025	12,968
Term loan, net of current portion and unamortized deferred finance costs	32,363	6,321
Long-term lease liability, net of current portion	385	299
Derivative liability	32	-
Deferred tax liability	2,287	2,340
Total liabilities	68,092	21,928
Common stock, 0.01 par value, 120,000 shares authorized 9,391 and 9,210 issued and outstanding as of september 30, 2025 and december 31, 2024	94	94
Additional paid-in capital	32,141	32,015
Retained earnings	10,253	9,332
Accumulated other comprehensive loss	-596	-522
Total stockholders' equity	41,892	40,919
Total liabilities and stockholders' equity	109,984	62,847