Overview
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- TickerKITL on OTC2
- IndustryRetail-Eating & Drinking Places2
- HeadquartersMiami, United States2
- Incorporated inFL3
- Business address80 Sw 8Th Street, Suite 2000, Miami, Fl 331303
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formProfit Corporation2
- LEI5493006CW77XOX6MWB952
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O INCORP SERVICES, INC., 32312 Tallahassee, United States2
- Registered withFlorida Division of Corporations, P130000218362
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During the time these locations were open, the Company did not generate any franchising fees.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue52¢$118.0K
- Other costs48¢$107.9K
Out of $226.0K in revenue.6 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $740.4K7 | $444.4K8 | $461.3K8 | $514.0K9 | $400.7K10 | $391.4K6 | $226.0K6 |
| Cost of revenue | $301.0K7 | $209.6K7 | $214.4K11 | $114.1K9 | $203.1K10 | $213.1K6 | $118.0K6 |
| Gross profit | $439.5K7 | $234.9K8 | $246.9K11 | $399.9K9 | $197.5K10 | $178.3K6 | $107.9K6 |
| Operating expenses | $4.3M10 | $676.6K6 | $3.7M6 | ||||
| Operating income | -$615.1K7 | -$356.7K8 | -$2.8M11 | -$3.2M9 | -$4.1M10 | -$498.2K6 | -$3.6M6 |
| Interest | $08 | $175.0K8 | |||||
| Income before tax | -$4.9M10 | -$860.7K6 | -$4.9M6 | ||||
| Income tax | $07 | $08 | $011 | $09 | $010 | $06 | $06 |
| Net income | -$650.9K7 | -$445.4K8 | -$3.1M11 | -$3.7M9 | -$4.9M10 | -$847.4K6 | -$4.9M6 |
| Earnings per share | -$0.0310 | $0.006 | -$0.026 | ||||
| Earnings per share (diluted) | -$0.0310 | $0.006 | -$0.026 | ||||
| Shares (weighted, basic) | 168.6M shares10 | 184.9M shares6 | 256.6M shares6 | ||||
| Shares (weighted, diluted) | 168.6M shares10 | 184.9M shares6 | 256.6M shares6 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $52.0K8 | $22.9K11 | $26.8K11 | $37.3K9 | $139.5K10 | $324.5K6 | $24.8K6 |
| Receivables | $12.9K10 | $13.5K6 | $5.1K6 | ||||
| Inventory | $5.3K10 | $14.4K6 | $11.9K6 | ||||
| Current assets | $52.0K7 | $22.9K8 | $33.3K11 | $52.0K9 | $206.1K10 | $401.5K6 | $41.9K6 |
| Property, plant and equipment | $5.8K10 | $3.7K6 | $06 | ||||
| Total assets | $183.2K7 | $114.3K8 | $95.0K11 | $63.1K9 | $214.6K10 | $922.4K6 | $85.5K6 |
| Accounts payable | $52.7K10 | $86.4K6 | $114.5K6 | ||||
| Current liabilities | $182.0K7 | $214.1K8 | $214.8K11 | $213.3K9 | $187.2K10 | $1.1M6 | $831.5K6 |
| Total liabilities | $182.0K7 | $491.8K8 | $224.8K11 | $235.5K9 | $209.3K10 | $1.5M6 | $934.0K6 |
| Retained earnings | -$13.9M10 | -$14.7M6 | -$19.6M6 | ||||
| Shareholders’ equity | -$51.6K7 | -$404.6K8 | -$135.8K11 | -$149.3K9 | $25.0K10 | -$578.0K6 | -$848.5K6 |
| Shares outstanding | 81.8M shares7 | 81.8M shares8 | 126.6M shares11 | 154.8M shares9 | 180.9M shares10 | 189.2M shares6 | 336.8M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$147.7K7 | -$267.2K8 | -$422.9K11 | -$170.0K9 | -$451.6K10 | -$579.1K6 | -$835.1K6 |
| Depreciation and amortization | $4.6K10 | $2.1K6 | $39.6K6 | ||||
| Stock-based compensation | $1.8M10 | $5.2K6 | $312.5K6 | ||||
| Capital spending | $6717 | $08 | $12.1K11 | $1.1K9 | $1.9K10 | $40.9K6 | $06 |
| Free cash flow | -$148.4K | -$267.2K | -$434.9K | -$171.1K | -$453.5K | -$620.0K | -$835.1K |
| Cash from investing | -$1.9K10 | -$40.9K6 | $06 | ||||
| Cash from financing | $555.6K10 | $805.0K6 | $535.4K6 |
Corporate structure
Kisses From Italy Inc. sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- Kisses From Italy Inc. Miami, Florida, United States
- and registered in Subsidiary · Quebec, Canada
- Kisses From Italy, Inc., a company incorporated under the laws of Subsidiary · Canada
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What Kisses From Italy Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $06 Dec 31, 2023 | $3.7K6 Dec 31, 2022 | −100.0% |
| Operating-lease assets (leased space) | $06 Dec 31, 2023 | $473.6K6 Dec 31, 2022 | −100.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $24.8K6 Dec 31, 2023 | $324.5K6 Dec 31, 2022 | −92.3% |
Inventory
Leadership
Who has led Kisses From Italy Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerTuri Michele Di Oct 5, 2018 to Feb 23, 202414
- Chief executive officerClaudio Ferri Nov 1, 2018 to Feb 23, 202415
- PresidentTuri Michele Di Oct 5, 2018 to Feb 23, 202414
- Chief financial officerClaudio Ferri Nov 1, 2018 to Nov 1, 201815
- Chief operating officerLeonardo Fraccalvieri Oct 30, 2018 to Jun 29, 202316
Board members and other officers (6)
- DirectorScott Conant Nov 13, 2023 to Nov 13, 202317
- Board memberScott Conant Nov 13, 2023 to Nov 13, 202317
- Board memberDenis Senecal Sep 28, 2021 to Jan 9, 202318
- Board memberTuri Michele Di Oct 5, 2018 to Feb 23, 202414
- Board memberLeonardo Fraccalvieri Oct 30, 2018 to Jun 29, 202316
- Board memberClaudio Ferri Nov 1, 2018 to Feb 23, 202415
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Kisses From Italy, Inc.May 23, 2014 to Aug 18, 20203
Timeline
- Jul 22, 20248-K Other events19
- May 17, 20248-K Change of auditor20
- May 8, 20248-K Change of auditor; Other events21
- Feb 14, 20248-K Other events22
- Feb 13, 20248-K Ended a material agreement; Executive or director change23
- Dec 11, 20238-K Financial statements and exhibits24
- Dec 11, 20238-K Entered a material agreement25
- Oct 10, 20238-K Executive or director change; Regulation FD disclosure26
- Aug 28, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares27
- Jul 18, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares28
- Jun 30, 20238-K Entered a material agreement; Unregistered sale of shares29
- Jun 16, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares30
- Jun 5, 2023Founded Kisses From Italy Inc. is founded2
- Nov 1, 2018New chief executive Claudio Ferri becomes CEO15
- Oct 5, 2018New chief executive Turi Michele Di becomes CEO14
Filings
83 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 21 major events, 21 insider forms, 27 other. The latest 20:
- Mar 18, 202515-12G EDGAR
- Dec 31, 202410-Q FORM 10-Q FOR SEPT 2024 EDGAR
- Nov 13, 2024NT 10-Q EXTENSION FOR 9-30 EDGAR
- Aug 19, 202410-Q FORM 10-Q FOR JUNE 2024 EDGAR
- Aug 13, 202410-Q/A AMENDMENT NO. 1 EDGAR
- Aug 12, 2024NT 10-Q EXTENSION EDGAR
- Jul 22, 20248-K EDGAR
- Jul 15, 202410-Q EDGAR
- Jul 15, 202410-K FORM 10-K FOR 12-31-23 EDGAR
- May 17, 20248-K EDGAR
- May 15, 2024NT 10-Q EXTENSION EDGAR
- May 8, 20248-K EDGAR
- Apr 1, 2024NT 10-K EXTENSIOIN EDGAR
- Feb 23, 20244 EDGAR
- Feb 23, 20244 EDGAR
- Feb 14, 20248-K EDGAR
- Feb 13, 20248-K EDGAR
- Jan 25, 2024EFFECT EDGAR
- Jan 25, 2024424B3 EDGAR
- Jan 23, 2024CORRESP EDGAR
The 83 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Kisses From Italy Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKisses From Italy Inc.1
- CIK0001608092
- Employer ID (EIN)46-23883771
- Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
- Incorporated inFlorida1
- Fiscal year endsDecember 311
- Industry code (SIC)5810 Retail-Eating & Drinking Places1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address80 Sw 8Th Street, Suite 2000, Miami, FL 331301
- Phone(305) 423-70241
- Shares outstanding407,750,100 as of Dec 31, 202413
- Public float$6.2M as of Jun 30, 20236
- On EDGAR sinceMay 23, 20141
- Filings142 in all: 8-K (31), 4 (27), 10-Q (19), NT 10-Q (7), S-1/A (7), 10-K (6), CORRESP (6), NT 10-K (5)1
All 26 form types
EFFECT (4), UPLOAD (4), 3 (3), D (3), S-1 (3), 10-Q/A (2), 424B3 (2), DEF 14C (2), PRE 14C (2), 10-K/A (1), 15-12G (1), 4/A (1), 424B2 (1), 8-A12G (1), 8-K/A (1), D/A (1), POS AM (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Jul 15, 2024
Quarterly report (10-Q) Dec 31, 2024
Latest 8-K (8-K) Jul 22, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARScott Conant, Director
- 18SEC EDGARDenis Senecal, Board member
- 19SEC EDGAROther events
- 20SEC EDGARChange of auditor
- 21SEC EDGARChange of auditor; Other events
- 22SEC EDGAROther events
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- 24SEC EDGARFinancial statements and exhibits
- 25SEC EDGAREntered a material agreement
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