S
SPLASH BEVERAGE GROUP, INC.
Period
FY 2025
Revenue
$73.1K
Net Income
$-25.23M
Total Assets
—
Equity
—
Shares Out
10.96M
Op. Cash Flow
$-4.82M
Business
Splash Beverage Group is a beverage company transitioning from a portfolio approach to focused operations. It distributes Chispo Tequila, an authentic blue agave blanco tequila produced under contract in Mexico, through a three-tier distribution system to hospitality partners and retail accounts, with initial placement at Señor Frog's locations across Florida, the Bahamas, and Mexico. The company is pursuing acquisition of Medterra CBD, a manufacturer and operator of federally compliant cannabinoid wellness products, to diversify its portfolio.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenues | 73,066 | 801,273 | — | — | — | |
| Cost of goods sold | −56,168 | 921,070 | — | — | — | |
| Gross margin | 16,898 | −119,797 | 6 | 6 | 4 | |
| Contracted services | 760,446 | 928,377 | 1 | 2 | 2 | |
| Salary and wages | 3 | 3 | 5 | 4 | 4 | |
| Non-cash share-based compensation | 9 | 2 | 1 | 7 | — | |
| Other general and administrative | 2 | 3 | 11 | 11 | 8 | |
| Sales and marketing | 79,014 | 483,515 | 2 | 3 | 787,827 | |
| Total operating expenses | 14 | 10 | 21 | 27 | 33 | |
| Loss from continuing operations | −14 | −10 | −15 | −21 | −29 | |
| Other Income/expense | 234,996 | −871 | — | — | — | |
| Interest income | — | 1,991 | 2,634 | 6,068 | 643 | |
| Interest expense | −3 | −4 | −2 | −251,497 | −442,807 | |
| Legal reserve | 0 | −330,000 | — | — | — | |
| Amortization of debt discount | −2 | −4 | — | — | — | |
| Loss on inventory write off | −449,205 | 0 | — | — | — | |
| Loss on Extinguishment of debt | −6 | 0 | — | — | — | |
| Change in FV derivative | −20,406 | 0 | — | — | — | |
| Total other expense | −10 | −8 | −6 | −245,429 | −262,450 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | |
| Net (loss) from continuing operations, net of tax | −24 | −18 | −21 | −22 | — | |
| Loss from discontinued operations, net of tax | −885,563 | −6 | — | — | — | |
| Net (loss) from discontinued operations | −885,563 | −6 | 0 | −199,154 | 294,550 | |
| Net loss | −25 | −24 | — | — | — | |
| Preferred Stock Dividends | −831,944 | — | — | — | — | |
| Net loss available to common stockholders | −26 | −24 | — | — | — | |
| Foreign currency translation gain (loss) | −47,352 | 97,763 | 3,889 | −20,472 | 0 | |
| Total comprehensive loss | −25 | −24 | — | — | — | |
| Loss per share - continuing operations, Basic | −11.56 | −13.09 | −19.79 | −0.58 | — | |
| Loss per share - continuing operations, Diluted | −11.56 | −13.09 | −19.79 | −0.58 | — | |
| Loss per share - discontinued operations, Basic | −0.41 | −4.59 | — | — | — | |
| Loss per share - discontinued operations, Diluted | −0.41 | −4.59 | — | — | — | |
| Loss per share - Basic | −11.97 | −17.68 | — | — | −1.02 | |
| Loss per share - Diluted | −11.97 | −17.68 | — | — | −1.02 | |
| Weighted average number of common shares outstanding - continuing operations, Basic | 2 | 1 | 1 | 37 | — | |
| Weighted average number of common shares outstanding - continuing operations, Diluted | 2 | 1 | 1 | 37 | 29 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 281,435 | 13,789 | 379,978 | 4 | 4 | |
| Accounts receivable, net | 15,748 | 191,991 | 890,631 | 2 | 1 | |
| Prepaid expenses | 208,051 | 271,791 | 220,320 | 348,036 | 607,178 | |
| Inventory | 33,538 | 319,104 | 2 | 4 | 2 | |
| Other receivables | 93,221 | 234,770 | 233,850 | 344,376 | 41,939 | |
| Assets of discontinued operations | — | 872,674 | — | 0 | 473,461 | |
| Total current assets | 631,993 | 2 | 4 | 11 | 8 | |
| Deposit | 22,734 | 48,922 | 49,446 | 49,290 | 330,886 | |
| Investment in Salt Tequila USA, LLC | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
| Right of use assets | 48,041 | 351,336 | 556,140 | 750,042 | 1 | |
| Property and equipment, net | 12,926 | 22,210 | 349,802 | 489,597 | 569,785 | |
| Assets of discounted operations | — | 182,598 | — | — | — | |
| Total non-current assets | 333,701 | 855,066 | 6 | 7 | 8 | |
| Total assets | 965,694 | 3 | 10 | 17 | 16 | |
| Accounts payable and accrued expenses | 5 | 4 | 4 | 3 | 2 | |
| Derivative liability | 189,582 | — | — | — | — | |
| Dividends payable | 831,944 | — | — | — | — | |
| Right of use liability, current portion | 50,720 | 58,840 | 262,860 | 268,749 | 294,067 | |
| Related party notes payable | 389,000 | 389,000 | 380,000 | 0 | 653,081 | |
| Notes payable, net of discounts | 6 | 10 | 8 | 1 | 3 | |
| Stockholder advances | 0 | 200,000 | 200,000 | 0 | — | |
| Accrued interest payable | 2 | 4 | 2 | 141,591 | 171,452 | |
| Liabilities of discontinued operations | 1 | 2 | — | 0 | 389,086 | |
| Total current liabilities | 16 | 19 | 15 | 5 | 6 | |
| Notes payable, net of discounts | 3,418 | 2 | 457,656 | 3 | 300,000 | |
| Right of use liability, net of current portion | 2,976 | 53,697 | 296,128 | 480,666 | 732,686 | |
| Total long-term liabilities | 6,394 | 2 | 753,784 | 3 | 1 | |
| Total liabilities | 16 | 21 | 16 | 8 | 8 | |
| Common Stock, $0.001 par, 400,000,000 shares authorized, 2,998,799 and 1,669,835 shares issued and outstanding, at December 31, 2025 and December 31, 2024, respectively | 2,998 | 1,670 | 1,108 | 41,086 | 33,596 | |
| Additional paid in capital | 167 | 137 | 128 | 122 | 99 | |
| Accumulated other comprehensive income | 33,828 | 81,180 | −16,583 | −20,472 | 0 | |
| Accumulated deficit | −182 | −156 | −133 | −112 | −91 | |
| Total stockholders deficit | −15 | −19 | −6 | 9 | 9 | |
| Total liabilities and stockholders deficit | 965,694 | 3 | 10 | 17 | 16 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| (Income) loss from discontinued operations | 885,564 | 2 | — | — | — | |
| Depreciation and amortization | 9,284 | 401,602 | 545,977 | 936,020 | 111,567 | |
| Amortization of debt discount | 2 | 4 | — | — | — | |
| ROU assets, net | −24,093 | 5,900 | 3,474 | 4,093 | −7,239 | |
| Loss from intangible impairment | — | 4 | — | — | — | |
| Non-cash share-based compensation | 9 | 2 | 1 | 7 | — | |
| Change in FV of derivative liability | 20,406 | — | — | — | — | |
| Loss on extinguishment of debt | 6 | — | — | — | — | |
| Accounts receivable, net | 176,244 | 334,579 | 921,479 | −697,658 | −629,594 | |
| Inventory, net | 285,566 | 595,649 | 1 | −2 | −1 | |
| Prepaid expenses and other current assets | 205,287 | −53,542 | 238,241 | −43,294 | −384,784 | |
| Deposits | 26,188 | 524 | −157 | 281,596 | — | |
| Accounts payable and accrued expenses | 728,690 | 640,806 | 1 | 2 | 446,146 | |
| Accrued interest payable | 2 | 2 | 2 | −29,861 | −271,296 | |
| Liability to issue shares | — | — | — | — | — | |
| Net cash used in operating activities - continuing operations | −5 | −7 | −10 | −14 | −15 | |
| Capital expenditures | — | — | −14,113 | −102,698 | 0 | |
| Net cash used in investing activities - continuing operations | — | — | −14,113 | −102,698 | 0 | |
| Cash advance (repayment) from related party | — | 9,000 | 380,000 | 0 | — | |
| Proceeds from issuance of debt | 4 | 10 | 7 | 4 | — | |
| Proceeds from sale of preferred stock | 1 | — | — | — | — | |
| Principal repayment of debt | −580,308 | −2 | −1 | −636,560 | — | |
| Net cash provided by financing activities - continuing operations | 5 | 8 | 6 | 14 | 19 | |
| Operating cash flows | 30,879 | −492,756 | — | — | — | |
| Investing cash flows | — | — | — | — | — | |
| Financing cash flows | — | — | — | — | — | |
| Net cash provided by (used in) discontinued operations | 30,879 | −492,756 | — | — | — | |
| Net cash effect of exchange rates on cash | −47,352 | 97,763 | 3,889 | −20,472 | — | |
| Net change in cash and cash equivalents | 267,646 | −153,379 | −4 | 250,362 | 4 | |
| Cash paid for Interest | 132,863 | 795,022 | 243,087 | 204,594 | — | |
| Notes payable and accrued interest converted to Common Stock (944,685 shares in 2025 & 171,536 shares in 2024,) | 3 | 2 | — | — | — | |
| Non-cash debt discount in the form of issuance of equity instruments in conjunction with convertible notes | 747,558 | 3 | — | — | — | |
| Series-B Convertible Preferred Stock Issued 126,710 shares exchanged for notes payable and accrued interest | 13 | — | — | — | — |
Filings
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Frequently asked questions
What is SPLASH BEVERAGE GROUP, INC.'s CIK number?
SPLASH BEVERAGE GROUP, INC.'s SEC CIK number is 0001553788 (1553788). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SPLASH BEVERAGE GROUP, INC.'s SEC filings?
All of SPLASH BEVERAGE GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.