Security
SMFL · SMART FOR LIFE, INC.
SMFLOTCCommon stockCurrentCIK 1851860Updated Sep 26, 2026
Name history
Bonne Sante Group, Inc. · through Jul 12, 2021
SMFL price & chart
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 19,659,227Source | 29,146,957Source | 22,610,407Source |
| Property, Plant and Equipment, NetUSD | 100,539Source | 482,219Source | 523,044Source |
| GoodwillUSD | 3,045,000Source | 1,342,000Source | 1,342,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 20,936,258Source | 14,420,900Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 188,596Source | 69,714Source | 205,093Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 70,231Source | 561,894Source | 388,958Source |
| Inventory, NetUSD | 1,242,777Source | 2,665,501Source | 3,392,544Source |
| Assets, CurrentUSD | 2,331,710Source | 3,603,976Source | 4,339,504Source |
| Prepaid Expense and Other Assets, CurrentUSD | 148,993Source | 306,867Source | 352,909Source |
| Operating Lease, Right-of-Use AssetUSD | 2,015,299Source | 2,672,866Source | 1,923,082Source |
| Other Assets, NoncurrentUSD | 17,327,517Source | — | — |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 26,046,681Source | 31,508,941Source | 28,701,145Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 37Source | 3,610Source | 1,394Source |
| Additional Paid in CapitalUSD | 61,280,662Source | 42,626,821Source | 8,922,467Source |
| Retained Earnings (Accumulated Deficit)USD | -67,668,156Source | -44,992,415Source | -15,014,600Source |
| Stockholders' Equity Attributable to ParentUSD | -6,387,454Source | -2,361,984Source | -6,090,738Source |
| Liabilities and EquityUSD | 19,659,227Source | 29,146,957Source | 22,610,407Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 22,055,908Source | 15,143,522Source | 17,144,748Source |
| Operating Lease, Liability, CurrentUSD | 298,644Source | 303,819Source | 384,530Source |
| Accounts Payable, CurrentUSD | 3,612,578Source | 4,123,837Source | 1,991,788Source |
| Operating Lease, Liability, NoncurrentUSD | 1,800,158Source | 2,423,446Source | 1,570,388Source |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 3,718,070Source | 1,888,013Source | 2,066,087Source |
| Deferred Revenue, CurrentUSD | — | 662,879Source | 681,786Source |
| Dividends PayableUSD | 450,562Source | 600,750Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 21,695,733Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 12,364,800Source | — | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 2,273,345Source | 303,493Source | 231,741Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 797,535Source | 53,676Source | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | -386,015Source | 213,347Source | -94,530Source |
| Increase (Decrease) in InventoriesUSD | -939,574Source | -727,043Source | 842,049Source |
| Increase (Decrease) in Accounts PayableUSD | 396,928Source | 2,463,903Source | 734,134Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -5,848,553Source | -9,377,916Source | -4,965,458Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,450Source | -3,064,456Source | -8,241,383Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 64,456Source | 141,383Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 5,969,779Source | 12,306,993Source | 12,926,986Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -135,379Source | -279,855Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 188,596Source | — | — |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 274,747Source | — | — |
| Additional Financial Items | |||
| Amortization of Debt Issuance CostsUSD | 1,266,191Source | 2,833,080Source | 621,638Source |
| Amortization of Intangible AssetsUSD | 2,154,693Source | 1,800,000Source | 5,000,000Source |
| Other Depreciation and Amortization | — | — | — |
| Dividends PayableUSD | 450,562Source | 600,750Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 269,828Source | 329,052Source | — |
| General and Administrative ExpenseUSD | 4,258,202Source | 6,321,672Source | 2,948,466Source |
| GoodwillUSD | 3,045,000Source | 1,342,000Source | 1,342,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 2,897,737Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 5,843,501Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -1,555,135Source | — | — |
| InterestExpenseNonoperatingUSD | 4,634,839Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -22,675,741Source | -29,977,815Source | -7,765,523Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -22,675,741Source | -30,578,565Source | -8,120,940Source |
| Nonoperating Income (Expense)USD | -3,964,614Source | -17,771,229Source | -2,524,702Source |
| Operating ExpensesUSD | 20,246,099Source | 17,083,715Source | 8,138,781Source |
| Other Depreciation and AmortizationUSD | 118,595Source | 1,841,948Source | 486,184Source |
| Payments to Acquire InvestmentsUSD | — | — | 6,000,000Source |
| Proceeds from Issuance of Common StockUSD | 2,151,310Source | — | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Total RevenueUSD | 8,225,792Source | 17,766,361Source | 9,022,593Source |
| Cost of Goods and Services Sold | — | — | — |
| Operating Income (Loss)USD | -17,155,992Source | -12,206,586Source | -5,240,821Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -21,120,606Source | -29,977,815Source | -7,765,523Source |
| Net Income (Loss) Attributable to ParentUSD | -22,675,741Source | -29,977,815Source | -7,765,523Source |
| Earnings Per Share, BasicUSD per share | -166.31Source | -0.99Source | -0.61Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 136,346Source | 30,762,944,000,000Source | 13,397,034,000,000Source |
| Interest Expense (non-operating)USD | 4,634,839Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 2,154,693Source | 1,800,000Source | 5,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,273,288Source | 2,145,441Source | 717,925Source |
| General and Administrative ExpenseUSD | 4,258,202Source | 6,321,672Source | 2,948,466Source |
| Gross ProfitUSD | 3,090,107Source | 4,877,129Source | 2,897,960Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -154.9Source | -0.99Source | -0.83Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | -1.02Source | -0.83Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -1,555,135Source | — | — |
| Interest ExpenseUSD | — | 4,112,081Source | 937,034Source |
| Interest Expense, DebtUSD | 77,218Source | — | — |
| Labor and Related ExpenseUSD | 5,561,017Source | 6,690,889Source | 3,564,978Source |
| Management Fee ExpenseUSD | 60,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -22,675,741Source | -30,578,565Source | -8,120,940Source |
| Nonoperating Income (Expense)USD | -3,964,614Source | -17,771,229Source | -2,524,702Source |
| Operating ExpensesUSD | 20,246,099Source | 17,083,715Source | 8,138,781Source |
| Other ExpensesUSD | — | 702,394Source | — |
| Other General and Administrative ExpenseUSD | — | 431,330Source | 417,669Source |
| Other IncomeUSD | 400,397Source | -8,900Source | -12,782Source |