VPR Brands, LP Files 2023 Annual Report on Form 10-K

TL;DR

<b>VPR Brands, LP has filed its 2023 annual report (10-K), confirming its status as a non-accelerated and smaller reporting company.</b>

AI Summary

VPR Brands, LP. (VPRB) filed a Annual Report (10-K) with the SEC on April 19, 2024. VPR Brands, LP filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is registered in Delaware and has an IRS Employer Identification No. of 45-1740641. Its principal executive offices are located at 1141 Sawgrass Corporate Parkway, Sunrise, FL 33323. VPR Brands, LP is classified as a non-accelerated filer and a smaller reporting company. The filing confirms that the registrant has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking VPR Brands, LP., this filing contains several important signals. This 10-K filing provides a comprehensive overview of VPR Brands, LP's financial performance and business operations for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. As a non-accelerated and smaller reporting company, VPR Brands, LP is subject to different disclosure and compliance requirements compared to larger filers, which investors should consider when evaluating the provided information.

Risk Assessment

Risk Level: low — VPR Brands, LP. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative developments, indicating a low level of immediate risk from this specific document.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand VPR Brands, LP's operational performance and potential challenges.

Key Numbers

• 2023 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 000-54435 — Commission File Number (SEC File Number)
• 45-1740641 — IRS Number (IRS Employer Identification No.)
• 20100401 — Date of Name Change (Former company name change date)
• 20060922 — Date of Name Change (Former company name change date)

Key Players & Entities

• VPR Brands, LP (company) — Registrant
• 10-K (document) — Form Type
• December 31, 2023 (date) — Fiscal Year End
• 000-54435 (other) — Commission file number
• Delaware (location) — State of incorporation
• 45-1740641 (other) — IRS Employer Identification No.
• 1141 Sawgrass Corporate Parkway, Sunrise, FL 33323 (address) — Principal executive offices
• Soleil Capital L.P. (company) — Former company name

FAQ

Industry Context

VPR Brands, LP operates within the software services industry, as indicated by its SIC code 7372. This filing is a standard annual report for a publicly traded company.

Regulatory Implications

The filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, indicating compliance with standard SEC reporting regulations.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial statements and management discussion.
2. Investigate the company's business segments and revenue streams, if disclosed.
3. Review any identified risk factors for potential impacts on the company's operations and stock performance.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-19: Filing Date — Date the 10-K was filed with the SEC.

Year-Over-Year Comparison

This is the annual report for the fiscal year ended December 31, 2023. A comparison to the prior year's financials and business conditions would be found within the full document.

Key Financial Figures

• $21.8 billion — global e-cigarette market size reached $21.8 billion in 2022. Looking forward, IMARC Group e
• $31.9 billion — IMARC Group expects the market to reach $31.9 billion by 2028, exhibiting a growth rate (CAGR

Filing Documents

• ea0202877-10k_vpr.htm (10-K) — 1186KB
• ea0202877ex4-1_vpr.htm (EX-4.1) — 76KB
• ea0202877ex31-1_vpr.htm (EX-31.1) — 7KB
• ea0202877ex31-2_vpr.htm (EX-31.2) — 7KB
• ea0202877ex32-1_vpr.htm (EX-32.1) — 3KB
• 0001213900-24-034236.txt (&nbsp;) — 5169KB
• vprb-20231231.xsd (EX-101.SCH) — 59KB
• vprb-20231231_cal.xml (EX-101.CAL) — 34KB
• vprb-20231231_def.xml (EX-101.DEF) — 220KB
• vprb-20231231_lab.xml (EX-101.LAB) — 415KB
• vprb-20231231_pre.xml (EX-101.PRE) — 215KB
• ea0202877-10k_vpr_htm.xml (XML) — 399KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 22 Item 1B. Unresolved Staff Comments 44 Item 1C. Cybersecurity 44 Item 2.

Properties

Properties 45 Item 3.

Legal Proceedings

Legal Proceedings 45 Item 4. Mine Safety Disclosures 45 PART II 46 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 46 Item 6. [Reserved] 46 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 52 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 52 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 52 Item 9A.

Controls and Procedures

Controls and Procedures 52 Item 9B. Other Information 53 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 53 PART III 54 Item 10. Directors, Executive Officers and Corporate Governance 54 Item 11.

Executive Compensation

Executive Compensation 56 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 56 Item 13. Certain Relationships and Related Transactions, and Director Independence 57 Item 14. Principal Accounting Fees and Services 68 PART IV 69 Item 15. Exhibits, Financial Statement Schedules 69 Item 16. Form 10-K Summary 73

Forward-Looking Statements

Forward-Looking Statements In addition to historical information, this Annual Report on Form 10-K contains forward-looking statements. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words "believe," "expect," "will," "anticipate," "intend," "estimate," "project," "assume" or other similar expressions, although not all forward-looking statements contain these identifying words. All statements in this report regarding our future strategy, future operations, projected financial position, estimated future revenue, projected costs, future prospects, and results that might be obtained by pursuing management's current plans and objectives are forward-looking statements. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Important risks that might cause our actual results to differ materially from the results contemplated by the forward-looking Condition and Results of Operations" of this Annual Report on Form 10-K and in our subsequent filings with the Securities and Exchange Commission (the "SEC"). Our forward-looking statements are based on the information currently available to us and speak only as of the date on which this report was filed with the SEC. We expressly disclaim any obligation to issue any updates or revisions to our forward-looking statements, even if subsequent events cause our expectations to change regarding the matters discussed in those statements. Over time, our actual results, performance or achievements will likely differ from the anticipated results, performance or achievements that ar

View Full Filing

View this 10-K filing on SEC EDGAR