FITLIFE BRANDS, INC. Segments Disclosure

NOTE 12. SEGMENT INFORMATION

 

The Company operates and manages its business as one reportable operating segment dedicated to providing innovative and proprietary nutritional supplements and wellness products for health-conscious consumers.  The measure of segment assets is reported on the consolidated balance sheet as total assets. In addition, the Company manages its business activities on a consolidated basis.

 

The Company’s CODM allocates resources and assesses financial performance based upon financial data presented at the consolidated level.  The CODM uses net income as the sole measure of segment profit. 

 

Significant segment expenses include cost of goods sold, advertising and marketing, merger and acquisition related and other expense, which are all presented on the consolidated statements of income and comprehensive income.  Employee compensation and benefits is also a significant segment expense.  Operating expense includes all remaining costs necessary to operate our business, including external professional services, insurance and other administrative expenses.  The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

 

		Years ended December 31,
		2025				2024
Cost of goods sold		$	50,005			$	36,389
Employee compensation and benefits			8,491				6,028
Advertising and marketing			4,794				4,626
Operating expense			6,031				4,052
Merger and acquisition related			2,075				255
Total operating expense		$	21,391			$	14,961
Interest and other expense		$	1,833			$	1,248

 

The following table summarizes sales to customers by geographic regions:

 

		Years ended December 31,
		2025				2024
United States		$	77,400			$	61,474
Rest of world			4,058				2,995
Total revenue		$	81,458			$	64,469