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SMART FOR LIFE, INC.: 10-Q filed 2025-05-23

What SMART FOR LIFE, INC. reported in its quarterly report filed 2025-05-23 (fiscal Q2 2024): 51 published measures, 135 facts as tagged in accession 0001213900-25-047084.

This filing

Form
10-Q (quarterly report)
Filed
2025-05-23
Fiscal period
fiscal Q2 2024
Accession
0001213900-25-047084 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 SMART FOR LIFE, INC. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2024-06-3013,293,777USD
At 2023-12-3119,659,227USD

Total liabilities

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

PeriodValueUnitDays
At 2024-06-3014,596,155USD
At 2023-12-3126,046,681USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-30-1,302,378USD
At 2024-03-31-3,329,658USD
At 2023-12-31-6,387,454USD
At 2023-06-304,560,564USD
At 2023-03-31-6,593,707USD
At 2022-12-31-2,361,984USD

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.

PeriodValueUnitDays
At 2024-06-3031,703USD
At 2023-12-31154,666USD

Net income or loss

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2,211,021USD91
2024-01-01 to 2024-06-30-5,107,195USD182
2024-01-01 to 2024-03-31-2,896,174USD91
2023-04-01 to 2023-06-30-4,219,996USD91
2023-01-01 to 2023-06-30-8,504,311USD181
2023-01-01 to 2023-03-31-4,284,316USD90

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-1,411,573USD182
2023-01-01 to 2023-06-30-5,150,913USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-06-303,450USD181

Revenue

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30877,799USD91
2024-01-01 to 2024-06-301,356,707USD182
2023-04-01 to 2023-06-301,334,980USD91
2023-01-01 to 2023-06-302,940,822USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-301,288,610USD182
2023-01-01 to 2023-06-305,408,587USD181

Investing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-06-30-3,450USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-06-30-72,775,351USD
At 2023-12-31-67,668,156USD

Basic weighted-average shares

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30891,200shares91
2024-01-01 to 2024-06-301,079,313shares182
2023-04-01 to 2023-06-3034,391shares91
2023-01-01 to 2023-06-3023,577shares181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30891,200shares91
2024-01-01 to 2024-06-301,079,313shares182
2023-04-01 to 2023-06-3034,391shares91
2023-01-01 to 2023-06-3023,577shares181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2.48USD/shares91
2024-01-01 to 2024-06-30-4.73USD/shares182
2023-04-01 to 2023-06-30-122.71USD/shares91
2023-01-01 to 2023-06-30-360.7USD/shares181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-2.48USD/shares91
2024-01-01 to 2024-06-30-4.73USD/shares182
2023-04-01 to 2023-06-30-122.71USD/shares91
2023-01-01 to 2023-06-30-360.7USD/shares181

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.

PeriodValueUnitDays
At 2024-06-30176,346USD
At 2023-12-31264,937USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2024-01-01 to 2024-06-3054,360USD182
2023-01-01 to 2023-06-3080,208USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-1,036,751USD91
2024-01-01 to 2024-06-30-3,028,631USD182
2023-04-01 to 2023-06-30-3,727,379USD91
2023-01-01 to 2023-06-30-6,456,487USD181

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.

PeriodValueUnitDays
At 2024-06-301,881,006USD
At 2023-12-312,331,710USD

Current liabilities

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

PeriodValueUnitDays
At 2024-06-3011,598,181USD
At 2023-12-3122,055,908USD

Current accounts payable

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

PeriodValueUnitDays
At 2024-06-304,031,369USD
At 2023-12-314,078,434USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2024-06-303,045,000USD
At 2023-12-313,045,000USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2024-06-306,995,194USD
At 2023-12-317,135,748USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2024-06-3076,761USD
At 2023-12-31128,304USD

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,442,835USD91
2024-01-01 to 2024-06-303,642,375USD182
2023-04-01 to 2023-06-304,040,780USD91
2023-01-01 to 2023-06-307,137,652USD181

Net inventory

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

PeriodValueUnitDays
At 2024-06-30964,359USD
At 2023-12-311,424,989USD

Gross profit

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30406,084USD91
2024-01-01 to 2024-06-30613,744USD182
2023-04-01 to 2023-06-30313,401USD91
2023-01-01 to 2023-06-30681,165USD181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2024-04-01 to 2024-06-30471,715USD91
2024-01-01 to 2024-06-30742,963USD182
2023-04-01 to 2023-06-301,021,579USD91
2023-01-01 to 2023-06-302,259,657USD181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2024-01-01 to 2024-06-30176,229USD182
2023-04-01 to 2023-06-30263,431USD91

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.

PeriodValueUnitDays
At 2024-06-302,464,600shares
At 2023-12-31373,526shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-06-3031,703USD
At 2023-12-31154,666USD
At 2023-06-30315,014USD
At 2022-12-3160,790USD

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.

PeriodValueUnitDays
At 2024-06-3071,472,725USD
At 2023-12-3161,280,662USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2024-06-301,129,940USD
At 2023-12-312,164,862USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2024-06-301,199,734USD
At 2023-12-312,257,343USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2024-12-315,320,969USD
At 2024-06-305,320,969USD

Gross property, plant and equipment

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

PeriodValueUnitDays
At 2024-06-301,421,580USD
At 2023-12-311,441,293USD

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.

PeriodValueUnitDays
At 2024-06-301,245,234USD
At 2023-12-311,176,356USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-3011,412,771USD
At 2023-12-3117,327,517USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2024-06-303,188,612USD
At 2023-12-314,093,419USD

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.

PeriodValueUnitDays
At 2024-06-3057,392USD
At 2023-12-31152,752USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2024-06-30460,820USD
At 2023-12-31500,820USD

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30319,736USD91
2024-01-01 to 2024-06-30962,083USD182
2023-04-01 to 2023-06-301,410,904USD91
2023-01-01 to 2023-06-302,405,748USD181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2024-01-01 to 2024-06-30646,254USD182
2023-01-01 to 2023-06-30397,185USD181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2024-04-01 to 2024-06-30282,117USD91
2024-01-01 to 2024-06-30564,234USD182
2023-04-01 to 2023-06-3084,860USD91
2023-01-01 to 2023-06-30270,604USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,078,886USD91
2024-01-01 to 2024-06-302,066,140USD182
2023-04-01 to 2023-06-30560,581USD91
2023-01-01 to 2023-06-301,923,626USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-1,174,119USD91
2024-01-01 to 2024-06-30-2,167,997USD182
2023-04-01 to 2023-06-30-89,176USD91
2023-01-01 to 2023-06-30-1,429,069USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2024-01-01 to 2024-06-3017,096USD182
2023-01-01 to 2023-06-30242,605USD181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-01-01 to 2023-06-302,151,310USD181

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-51,543USD182
2023-01-01 to 2023-06-30-49,953USD181

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-460,630USD182
2023-01-01 to 2023-06-30-625,755USD181

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-47,066USD182
2023-01-01 to 2023-06-30-371,498USD181

Inspect the source

Entity
SMART FOR LIFE, INC. / CIK 0001851860
Captured
2026-09-21T17:38:25.994Z
SEC response SHA-256
4b765326342e9ae70c1a344b6a804debfdc385d45f970e53592a0e43964bb23d

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001851860.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))