Barfresh Food Group Files Q3 2024 10-Q
Ticker: BRFH · Form: 10-Q · Filed: Oct 24, 2024 · CIK: 1487197
Sentiment: neutral
Topics: 10-Q, quarterly-report, food-group
TL;DR
Barfresh Food Group filed its Q3 2024 10-Q. Check financials.
AI Summary
Barfresh Food Group Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Specific financial details and operational updates for this period are detailed within the report.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Barfresh Food Group Inc., crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report and does not inherently indicate new or elevated risks.
Key Players & Entities
- BARFRESH FOOD GROUP INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241024 (date) — Filing Date
- 3600 WILSHIRE SUITE 1720 (address) — Business Address
- LOS ANGELES (location) — Business Address City
- CA (location) — Business Address State
- 90005 (zip_code) — Business Address Zip
- 310-598-7110 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
The filing was made on 20241024.
What is the company's primary business address?
The business address is 3600 WILSHIRE SUITE 1720, LOS ANGELES, CA 90005.
What is the company's fiscal year end?
The fiscal year ends on 1231.
What is the SIC code for Barfresh Food Group Inc.?
The Standard Industrial Classification code is 2030, for Canned, Frozen & Preserved Fruit, Veg & Food Specialties.
Filing Stats: 4,498 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-10-24 16:10:34
Key Financial Figures
- $0.000001 — nge on which registered Common stock, $0.000001 par value BRFH The Nasdaq Capital M
- $1.20 — ime prior to maturity at the greater of $1.20 or 85% of the volume-weighted average p
Filing Documents
- form10-q.htm (10-Q) — 520KB
- ex31-1.htm (EX-31.1) — 13KB
- ex31-2.htm (EX-31.2) — 13KB
- ex32-1.htm (EX-32.1) — 9KB
- 0001493152-24-042368.txt ( ) — 3341KB
- brfh-20240930.xsd (EX-101.SCH) — 25KB
- brfh-20240930_cal.xml (EX-101.CAL) — 42KB
- brfh-20240930_def.xml (EX-101.DEF) — 70KB
- brfh-20240930_lab.xml (EX-101.LAB) — 236KB
- brfh-20240930_pre.xml (EX-101.PRE) — 180KB
- form10-q_htm.xml (XML) — 455KB
Financial Statements
Financial Statements. 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 14 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 18 Item 4.
Controls and Procedures
Controls and Procedures. 18
- OTHER INFORMATION
PART II - OTHER INFORMATION 19 Item 1. Legal Proceedings. 19 Item 1A. Risk Factors. 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 19 Item 3. Defaults Upon Senior Securities. 19 Item 4. Mine Safety Disclosures. 19 Item 5. Other Information. 19 Item 6. Exhibits. 19
SIGNATURES
SIGNATURES 20 Item 1. Financial Statements. Barfresh Food Group Inc. Condensed Consolidated Balance Sheets September 30, December 31, 2024 2023 (unaudited) (audited) Assets Current assets: Cash $ 401,000 $ 1,891,000 Trade accounts receivable, net 1,663,000 821,000 Other receivables 30,000 160,000 Inventory, net 770,000 1,214,000 Prepaid expenses and other current assets 226,000 67,000 Total current assets 3,090,000 4,153,000 Property, plant and equipment, net of depreciation 390,000 409,000 Intangible assets, net of amortization 194,000 241,000 Other non-current assets 98,000 7,000 Total assets $ 3,772,000 $ 4,810,000 Liabilities and Stockholders' Equity Current liabilities: Line of credit, net $ 86,000 $ - Accounts payable 1,220,000 1,670,000 Disputed co-manufacturer accounts payable (Note 4) 499,000 499,000 Accrued expenses 270,000 85,000 Accrued payroll and employee related 48,000 53,000 Financing agreements - current 95,000 - Total current liabilities 2,218,000 2,307,000 Financing agreements 151,000 - Total liabilities 2,369,000 2,307,000 Commitments and contingencies - - Stockholders' equity: Preferred stock, $ 0.000001 par value, 400,000 shares authorized, none issued or outstanding - - Common stock, $ 0.000001 par value; 23,000,000 shares authorized; 14,746,172 and 14,420,105 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively - - Additional paid in capital 64,172,000 63,299,000 Accumulated deficit ( 62,769,000 ) ( 60,796,000 ) Total stockholders' equity 1,403,000 2,503,000 Total liabilities and stockholders' equity $ 3,772,000 $ 4,810,000 See the accompanying notes to the condensed consolidated financial statements 3 Barfresh Food Group Inc. Condensed Consolidated Statements of Operations For the three and nine months ended September 30, 2024 and 2023 (Unaudited) 2024 2023 2024