FITLIFE BRANDS, INC.: 10-K filed 2013-04-01

Name: FITLIFE BRANDS, INC.: 10-K filed 2013-04-01
Creator: FITLIFE BRANDS, INC.

What FITLIFE BRANDS, INC. reported in its annual report filed 2013-04-01 (fiscal FY 2012): 37 published measures, 81 facts as tagged in accession 0001415889-13-000590.

This filing

Form: 10-K (annual report)
Filed: 2013-04-01
Fiscal period: fiscal FY 2012
Accession: 0001415889-13-000590 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FITLIFE BRANDS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2012-12-31	7,675,563	USD
At 2011-12-31	4,822,712	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2012-12-31	1,870,256	USD
At 2011-12-31	1,616,388	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2012-12-31	5,805,307	USD
At 2011-12-31	3,206,324	USD
At 2010-12-31	2,980,562	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2012-12-31	936,911	USD
At 2011-12-31	354,929	USD
At 2010-12-31	455,662	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	2,524,276	USD	366
2011-01-01 to 2011-12-31	326,652	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	581,982	USD	366
2011-01-01 to 2011-12-31	104,846	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	18,093,202	USD	366
2011-01-01 to 2011-12-31	12,091,611	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2011-01-01 to 2011-12-31	-194,718	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2011-01-01 to 2011-12-31	-861	USD	365

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2012-10-01 to 2012-12-31	74,465,509	shares	92
2012-01-01 to 2012-12-31	74,465,509	shares	366
2011-01-01 to 2011-12-31	72,975,357	shares	365
2011-07-01 to 2011-09-30	72,975,357	shares	92

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2012-10-01 to 2012-12-31	93,779,867	shares	92
2012-01-01 to 2012-12-31	93,779,867	shares	366
2011-01-01 to 2011-12-31	94,149,715	shares	365
2011-07-01 to 2011-09-30	94,149,715	shares	92

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2012-10-01 to 2012-12-31	0.03	USD/shares	92
2012-01-01 to 2012-12-31	0.03	USD/shares	366
2011-01-01 to 2011-12-31	0	USD/shares	365
2011-07-01 to 2011-09-30	0	USD/shares	92

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2012-10-01 to 2012-12-31	0.03	USD/shares	92
2012-01-01 to 2012-12-31	0.03	USD/shares	366
2011-01-01 to 2011-12-31	0	USD/shares	365
2011-07-01 to 2011-09-30	0	USD/shares	92

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	-648,743	USD	366

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2012-12-31	18,577	USD
At 2011-12-31	42,887	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	1,881,353	USD	366
2011-01-01 to 2011-12-31	208,664	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2012-12-31	6,397,072	USD
At 2011-12-31	3,296,380	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	-18,404	USD	366
2011-01-01 to 2011-12-31	30,862	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2012-12-31	1,870,256	USD
At 2011-12-31	1,616,388	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2012-12-31	1,209,380	USD
At 2011-12-31	767,171	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2012-12-31	969,111	USD
At 2011-12-31	1,042,748	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	4,643,609	USD	366
2011-01-01 to 2011-12-31	3,938,514	USD	365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2012-12-31	3,684,991	USD
At 2011-12-31	1,877,282	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	6,524,962	USD	366
2011-01-01 to 2011-12-31	4,147,178	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2012-12-31	74,753,482	shares
At 2011-12-31	74,171,996	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2012-12-31	26,864,676	USD
At 2011-12-31	27,014,893	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2012-12-31	-22,614,724	USD
At 2011-12-31	-25,138,999	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2012-12-31	285,753	USD
At 2011-12-31	285,753	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2012-12-31	-267,176	USD
At 2011-12-31	-242,866	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2012-12-31	1,256,866	USD
At 2011-12-31	1,476,615	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2012-12-31	117,059	USD
At 2011-12-31	21,421	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	2,190,343	USD	366
2011-01-01 to 2011-12-31	2,059,719	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	24,310	USD	366
2011-01-01 to 2011-12-31	43,307	USD	365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	5,820	USD	366
2011-01-01 to 2011-12-31	-117,988	USD	365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	73,637	USD	366
2011-01-01 to 2011-12-31	-468,132	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	-1,807,709	USD	366
2011-01-01 to 2011-12-31	-403,677	USD	365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-12-31	442,209	USD	366
2011-01-01 to 2011-12-31	262,275	USD	365

Inspect the source

Entity: FITLIFE BRANDS, INC. / CIK 0001374328
Captured: 2026-09-20T07:57:19.784Z
SEC response SHA-256: 9bc20d5673f9c4f28206c32e77e482e43cff01c17fc6e35633f63b8d5066779d

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with urlopen("https://canlicapital.com/company-data/0001374328.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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