Splash Beverage Group Inc 2025年季度报告

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.001-40471 SPLASH BEVERAGE GROUP, INC. (State or other jurisdiction ofincorporation or formation) 1314 E Las Olas Blvd.Suite 221Fort Lauderdale,FL33301 (Address of principal executive offices) (Zip code) Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filer☐ Emerging growth company☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Actafter the distribution of securities under a plan confirmed by a court.☐Yes☐No Prepaid expenses and other current assets Accounts payable and accrued expensesAccrued interest payable Net cash used in operating activities(724,086)(1,307,925Cash flows from investing activities:Capital expenditures—Net cash used in investing activities— Cash advance (repayment) from related party—Cash advance from shareholder—Proceeds from issuance of debt881,6501,465,500 Net cash provided by financing activities Net cash effect of exchange rate changes on cash Net change in cash and cash equivalents(15,346)Cash and cash equivalents, beginning of year15,346Cash and cash equivalents, end of period$—$ Supplemental disclosure of non-cash investing and financing activitiesNotes payable and accrued interest converted to common stock (224,541 shares Non-cash debt discount in the form of issuance of equity instruments inconjunction with convertible notes Shares and per share amounts are reflective of the 1 for 40 reverse split that occurred on March 27, 2025.The accompanying notes are an integral part of these condensed consolidated financial statements. 5 Note 1 –Business Organization and Nature of Operations brands that have strong growth potential within its distribution system. Splash’s distribution system is comprehensive in the US and isnow expanding to select attractive international markets. Through its division Qplash, Splash’s distribution reach includes e-commerce access to both business-to-business (B2B) and business-to-consumer (B2C) customers. Qplash markets well known beverage brands tocustomers throughout the US that prefer delivery direct to their office, facilities, and or homes.On March 27, 2025, the Company implemented a 1.0 for 40.0 reverse stock split. All common stock shares stated herein have been Note 2 –Summary of Significant Accounting Policies Basis of Accounting The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principlesgenerally accepted in the United States (“U.S. GAAP”), and the requirements of the U.S. Securities and Exchange Commission (the“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally recurring adjustments) that management considers necessary for a fair presentation of its condensed financial position and results ofoperations for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the Basis of Presentation and Consolidation These consolidated financial statements include the accounts of Splash and its wholly owned subsidiaries Splash Beverage Holdings LLC (“Holdings”), Splash International Holdings LLC (“International”), Splash Mex SA de CV (“Splash Mex”), and Copa di VinoWine Group, Inc. (“Copa di Vino”). All intercompany balances have been eliminated in consolidation. Our accounting and reporting policies confirm to accounting principles generally accepted in the United States of America (GAAP). Use of EstimatesThe preparation of consolidated financial statements in conformity with GAAP requires our management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date ofthe condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.Actual results could differ from those estimates. Our cash in bank deposit accounts, at times, may exceed federally insured limits of $250,000. At March 31, 2025 and December 31, 2024, the Company’s cash on deposit with financial institutions, at times, had not exceeded federally insured limits of $250,000.6 Accounts Receivable and Allowance for Doubtful Accounts was $621,178at March 31, 2025 and December 31, 2024