001-34611 & CELSIUS HOLDINGS, INC. ( Actual results could differ from those estimates. Please refer to note 10, further details. All other revenues customers were mainly derived from the United States. & ** Receivables from customer A are obtained from a customer located in the United States. Cost is determined using the FIFO method. Inventories consist of raw materials and finished products. The inventory reserve is included in cost of revenue. Product sales occur once control is transferred upon delivery to the customer. As of December 31, 2019, and 2018, the Company did not have any customer advances. & Advertising Costs — Advertising costs are expensed as incurred. The 2015 Plan permits the grant of options and shares for up to 5,000,000 shares. Raw materials account for the largest portion of the cost of sales. Leases — The Company adopted ASU No. 2016-02, as amended, effective January 1, 2019. In January 2017, the FASB issued ASU No. At December 31, 2019, the Note was not deemed to be impaired. & The Company adopted Topic 842, as amended, effective January 1, 2019. & ROU assets also include any lease payments made and exclude lease incentives. Lease and non-lease components are accounted for separately. & It also expects to reduce costs through economies of scale. & The Company has pledged all its assets as security for the line of credit. The note matures in January 2020, at which time the principal amount is due. This note had an unamortized discount of $324,371, as of December 31, 2018. The note would have matured in December 2020. & The Company can borrow up to $2.0 million. The maturity date of the Bonds is October 30, 2020. The discount is amortized using the effective interest rate method. The bond issuance costs amounted to $229,250. The Bonds are secured by substantially all the assets of Func Food. Currently, the lease expires on October 2020 with monthly rent of $12,826. The rental fee is commensurate with other properties available in the market. & Refer to note 15 for discussion on preferred stock issuances. & The shares were issued at the contractual conversion prices per the loan agreements. & There were no net operating loss carryforwards in Norway. The Finland tax rate is 33.6% and the Sweden tax rate is 21.4%. and California Business and Professions Code Section 17500, et seq., because citric acid acts as a preservative. Cause has been defined in various ways. Implementation of the increase is subject to compliance with SEC requirements. & I have reviewed this Form 10-K/A Amendment No. Date: May 13, 2021 CELSIUS HOLDINGS, INC. & & & & 1110 4444 %%%% M!1110 4444 %%%% ! M\\\'$G[&EH3GXWZ*^/^F:@_\\H*EU$OM(?*^QVR?\\%D?V97*IXPU]R!GY?!. Actual results
could differ from those estimates. Cost is determined using the FIFO
method. Product sales occur
once control is transferred upon delivery to the customer. On April 30, 2015, the Company adopted the 2015 Stock
Incentive Plan. Early adoption
is permitted. amp;#160;The note would have matured in December 2020. This Form 10-K/A amends the 2019 Form 10-K as follows: • "Item 8. Refers to amount related to accrued preferred dividends incurred during the period. Acquisition-European Operations descriptions. Represents allowance for bad debts. Amortization of discount on bonds payable. It represents legal entity associated with the company during the period of time. The risk is the materially adverse effects of loss of a significant customer.
