secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K/A
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001437749-23-012812
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mimi's Rock audited FY2021 rev $36.7M, net loss $5.0M, going concern warning
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- Audited FY2021 revenue CAD $36.7M, down 9% from $40.3M in FY2020.
- Net loss of $5.0M in FY2021 vs net income $2.3M in FY2020; includes $4.2M goodwill impairment.
- Negative working capital of $14.4M at Dec 31, 2021; audit opinion flags material going concern uncertainty.
- Acquisition closed Feb 28, 2023; these financials are part of 8-K/A supplement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923012812/0001437749-23-012812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923012812/ftlf20230502_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012812

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