SPLASH BEVERAGE GROUP, INC. Segments Disclosure
Note 11 – Segment Reporting
We have two reportable operating segments: (1) the manufacture and distribution of non-alcoholic and alcoholic beverages, and (2) the retail sale of beverages and groceries online. These operating segments are managed separately and each segment’s major customers have different characteristics. Segment Reporting is evaluated by our chief operating decision maker, which continues to be our chief executive officer.
| Revenue | For the Year Ended, December 31, 2025 |
For the Year Ended, December 31, 2024 | ||||||
| Splash Beverage | 14,054 | 155,123 | ||||||
| E-Commerce | 59,012 | 646,150 | ||||||
| Total Revenues, | $ | 73,066 | $ | 801,273 | ||||
| Segment operating loss: | 2025 | 2024 | ||||||
| Splash Beverage | (13,183,573 | ) | (8,555,258 | ) | ||||
| E-Commerce | (1,002,647 | ) | (345,182 | ) | ||||
| Total segment operating loss | $ | (14,186,220 | ) | $ | (9,900,440 | ) | ||
| Reconciliation of segment loss to corporate loss: | 2025 | 2024 | ||||||
| Other income/expense | $ | 234,996 | $ | (871 | ) | |||
| Amortization of debt discount | (1,844,694 | ) | (3,677,143 | ) | ||||
| Interest income & expense | (2,523,260 | ) | (3,700,620 | ) | ||||
| Loss on Extinguishment of debt | (5,560,482 | ) | ||||||
| Loss on inventory write off | (449,205 | ) | — | |||||
| Change in FV of Derivative | (20,406 | ) | ||||||
| Legal reserve | — | (330,000 | ) | |||||
| Loss before income tax | $ | (24,349,271 | ) | $ | (17,609,074 | ) | ||
| Total Assets | December 31, 2025 | December 31, 2024 | ||||||
| Splash Beverage Group | $ | 938,652 | $ | 1,554,935 | ||||
| Assets of discontinued operations | 1,055,272 | |||||||
| E-Commerce | 27,042 | 148,978 | ||||||
| Total Assets | $ | 965,694 | $ | 2,759,185 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 15, 2026 | Showing above |
| 2024 | Jul 11, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 31, 2023 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.