Private company

TWINLAB CONSOLIDATED HOLDINGS, INC.

TWINLAB CONSOLIDATED HOLDINGS, INC. is an American medicinal chemicals and botanical products company.1 It is headquartered in Boca Raton, Florida.1

Last updated Oct 20, 2026.

Overview

  • IndustryMedicinal Chemicals & Botanical Products1
  • HeadquartersBoca Raton, Florida1
  • Incorporated inNV2
  • Business address4800 T-Rex Avenue, Suite 305, Boca Raton, Fl 334312
  • Filer categoryNon-accelerated filer, Smaller reporting company2

Twinlab Consolidated Holdings, Inc. (references to “we”, “our”, “us”, the “company”, or “TCH”) was incorporated on October 24, 2013 under the laws of the State of Nevada.3 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 2024

33.6%Gross margin4
-15.2%Operating margin4
-81.4%Net margin4
-14.3%Revenue growth, 20244
-$275.0KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue66¢$7.7M
  • Other costs33¢$3.9M
  • Income tax0¢$43.0K

Out of $11.7M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$11.7M in 2024−84% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $73.3M$73.3M20182019: $73.5M$73.5M2019+0%2020: $66.3M$66.3M2020−10%2021: $72.1M$72.1M2021+9%2022: $17.2M$17.2M2022−76%2023: $13.6M$13.6M2023−21%2024: $11.7M$11.7M2024−14%
Gross profit569784$3.9M in 2024−70% since 2018
0$5.0M$10.0M$15.0M$20.0M2018: $13.1M$13.1M20182019: $11.2M$11.2M2019−15%2020: $10.9M$10.9M2020−3%2021: $16.6M$16.6M2021+52%2022: $8.2M$8.2M2022−51%2023: $5.0M$5.0M2023−39%2024: $3.9M$3.9M2024−22%
Operating income569784-$1.8M in 2024−87% since 2018
-$40.0M-$30.0M-$20.0M-$10.0M02018: -$14.0M-$14.0M20182019: -$38.8M-$38.8M2019+177%2020: -$5.4M-$5.4M2020−86%2021: -$7.7M-$7.7M2021+42%2022: -$1.8M-$1.8M2022−77%2023: -$1.4M-$1.4M2023−22%2024: -$1.8M-$1.8M2024+28%
Net income569784-$9.5M in 2024−53% since 2018
-$60.0M-$40.0M-$20.0M02018: -$20.4M-$20.4M20182019: -$44.5M-$44.5M2019+118%2020: -$14.4M-$14.4M2020−68%2021: -$14.9M-$14.9M2021+4%2022: -$8.2M-$8.2M2022−45%2023: -$13.7M-$13.7M2023+67%2024: -$9.5M-$9.5M2024−31%
Fiscal year2018201920202021202220232024
Revenue$73.3M5$73.5M6$66.3M6$72.1M7$17.2M8$13.6M4$11.7M4
Cost of revenue$60.2M5$62.3M6$55.5M9$55.5M7$9.0M8$8.6M4$7.7M4
Gross profit$13.1M5$11.2M6$10.9M9$16.6M7$8.2M8$5.0M4$3.9M4
Research and development$436.0K5$35.0K6$1.0K9
Selling, general and admin$27.1M12
Operating income-$14.0M5-$38.8M6-$5.4M9-$7.7M7-$1.8M8-$1.4M4-$1.8M4
Interest$9.7M5$9.9M6$9.0M9$8.6M7$7.9M8$8.3M8
Income before tax-$14.9M7-$8.0M8-$9.6M4-$9.8M4
Income tax$29.0K5$79.0K6$38.0K9$13.0K7$25.0K8$43.0K4$43.0K4
Net income-$20.4M5-$44.5M6-$14.4M9-$14.9M7-$8.2M8-$13.7M4-$9.5M4
Earnings per share-$0.085-$0.176-$0.069-$0.067-$0.038-$0.054-$0.044
Earnings per share (diluted)-$0.095-$0.186-$0.069-$0.067-$0.038-$0.054-$0.044
Shares (weighted, basic)258.8M shares7259.1M shares8259.1M shares4259.1M shares4
Shares (weighted, diluted)258.8M shares7259.1M shares8259.1M shares4259.1M shares4

Compare TWINLAB CONSOLIDATED HOLDINGS, INC. with another company

Corporate structure

TWINLAB CONSOLIDATED HOLDINGS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TWINLAB CONSOLIDATED HOLDINGS, INC.

  • Akretive Holdings LLC Filed SCHEDULE 13D/A on TWINLAB CONSOLIDATED HOLDINGS, INC., latest Apr 24, 2025
  • TWINLAB CONSOLIDATED HOLDINGS, INC. Boca Raton, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TWINLAB CONSOLIDATED HOLDINGS, 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

ItemLatestA year beforeChange
Property and equipment, net$3.0K4 Dec 31, 2024$9.0K4 Dec 31, 2023−66.7%
Operating-lease assets (leased space)$04 Dec 31, 2024$1.9M4 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$120.0K4 Dec 31, 2024$120.0K4 Dec 31, 20230%
Indefinite-lived intangibles (excluding goodwill)$120.0K4 Dec 31, 2024$120.0K4 Dec 31, 20230%
Accumulated amortization$10.8M4 Dec 31, 2024$10.8M4 Dec 31, 20230%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.5M4 Dec 31, 2024$3.4M4 Dec 31, 2023−28.0%

Properties, in its own words

We occupied approximately 1,500 rentable square feet on the 2nd floor of an office building in Boca Raton, Florida under a lease that was scheduled to expire in October 2025. We leased approximately 13,000 rentable square feet on the 3rd floor of office space within the same building in Boca Raton, Florida under a lease agreement that expires February 2026. These leases were forfeited to the landlord on March 26, 2025.

We had possession of approximately 30,600 rentable square feet of office space, evenly split between the 5th and 6th floor of an office building in St. Petersburg, Florida under a lease that is scheduled to expire on April 30, 2027. On December 1, 2019, we entered into a sublease for the 6th floor space that is scheduled to expire on April 2027, and on December 1, 2016, we entered into a sublease for the 5th floor space which expired on June 30, 2022. On November 14, 2025, we received a notice of default from counsel regarding this lease for overdue rent payments and the sublease was surrendered to the landlord. On December 10, 2025, the landlord filed a compliant for damages in the Circuit Court for the Sixth Judicial Circuit in and for Pinellas and Pasco Counties, Florida, Civil Division. See Note 13 in the Notes to the Consolidated Financial Statements included in this report for a discussion of the notice of default and the lawsuit.

The rest of Item 2

We do not currently own or lease any properties, but utilize a mailbox service in Weston, Florida to function as our mailing address.

We believe that our lack of formal office space is sufficient to meet our current needs and that suitable additional space will be available as and when needed.

Item 2 of the 10-K filed Mar 3, 2026.3

Leadership

Who has led TWINLAB CONSOLIDATED HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Former names

  • MIRROR ME, INC.Dec 27, 2013 to Aug 8, 20142

Timeline

  1. Sep 2, 20268-K Entered a material agreement; Bankruptcy or receivership; Completed an acquisition or sale32
  2. Nov 28, 20238-K Executive or director change33
  3. Mar 16, 20238-K Executive or director change34
  4. Feb 14, 20238-K Executive or director change35
  5. Feb 14, 20238-K Executive or director change36
  6. Dec 12, 20228-K Executive or director change37
  7. Sep 26, 20228-K Executive or director change38
  8. Mar 17, 20228-K Other events39
  9. Oct 7, 20218-K Executive or director change40
  10. Mar 28, 2016New chief executive Naomi Whittel becomes CEO14
  11. Sep 24, 2014New chief executive Thomas A. Tolworthy becomes CEO15

Filings

28 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 9 major events, 1 insider forms, 1 large holders, 3 other. The latest 20:

  1. Sep 2, 20268-K EDGAR
  2. Mar 3, 202610-K EDGAR
  3. Oct 16, 202510-Q EDGAR
  4. Apr 24, 2025SCHEDULE 13D/A EDGAR
  5. Apr 23, 20254 PRIMARY DOCUMENT EDGAR
  6. Aug 1, 202410-Q EDGAR
  7. May 9, 202410-Q EDGAR
  8. Mar 19, 202410-K EDGAR
  9. Nov 28, 20238-K EDGAR
  10. Nov 14, 202310-Q EDGAR
  11. Aug 14, 202310-Q EDGAR
  12. Apr 24, 202310-Q EDGAR
  13. Mar 31, 202310-K EDGAR
  14. Mar 16, 20238-K EDGAR
  15. Feb 14, 20238-K EDGAR
  16. Feb 14, 20238-K EDGAR
  17. Dec 12, 20228-K EDGAR
  18. Oct 31, 202210-Q EDGAR
  19. Sep 26, 20228-K EDGAR
  20. Aug 24, 2022UPLOAD EDGAR

The 28 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.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 22, 2025GOLISANO B THOMAS10% ownerSale90,255,084Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TWINLAB CONSOLIDATED HOLDINGS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTWINLAB CONSOLIDATED HOLDINGS, INC.1
  • CIK0001590695
  • Employer ID (EIN)46-39517423
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)2833 Medicinal Chemicals & Botanical Products1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address4800 T-Rex Avenue, Suite 305, Boca Raton, FL 334311
  • Phone561-443-50011
  • Shares outstanding259,092,833 shares as of Mar 2, 20263
  • Public float$1.0M as of Jun 30, 20243
  • AuditorTanner LLP, Lehi, Utah PCAOB ID 270; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceDec 27, 20131
  • Filings355 in all: 8-K (101), 4 (87), 10-Q (34), 3 (25), 4/A (20), SC 13D/A (20), 10-K (11), D (7)1
    All 31 form types

    NT 10-Q (7), UPLOAD (6), NT 10-K (5), SC 13D (4), CORRESP (3), DEF 14A (3), S-1/A (3), 3/A (2), 8-K/A (2), CT ORDER (2), 10-K/A (1), 10-Q/A (1), 424B2 (1), 8-A12G (1), DEF 14C (1), DEFA14A (1), EFFECT (1), PRE 14C (1), S-1 (1), S-8 (1), S-8 POS (1), SC 14F1 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Oct 16, 2025
    Proxy statement (DEF 14A) Sep 28, 2018
    Latest 8-K (8-K) Sep 2, 2026

Risk factors and legal proceedings

The risks TWINLAB CONSOLIDATED HOLDINGS, INC. names in Item 1A of its 10-K filed Mar 3, 2026: 32 risks under these headings, as written.3

  • Bankruptcy Risks
  • We may file for bankruptcy protection, or an involuntary petition for bankruptcy may be filed against us.
  • If we file for bankruptcy protction, our business and operations will be subject to certain risks.
  • Market and Channel Risks
  • Geopolitical issues, conflicts and other global events could adversely affect our results of operations and financial condition.
  • Adverse economic conditions related to the COVID-19 pandemic or future pandemic may harm our business.
  • Our success is linked to the size and growth rate of the vitamin, mineral and supplement market and an adverse change in the size or growth rate of that market could have a material adverse effect on us.
  • Because a substantial portion of our sales are to or through health food stores, we are dependent to a large degree upon the success of this channel as well as the success of specific retailers in the channel.
  • We are highly dependent upon consumers' perception of the safety and quality of our products as well as similar products distributed by other companies in our industry, and adverse publicity and negative public perception regarding particular ingredients or products or our industry in general could limit our ability to increase revenue and grow our business.
  • We face intense competition from competitors that are larger, more established and that possess greater resources than we do, and if we are unable to compete effectively, we may be unable to maintain sufficient market share to sustain profitability.
  • We may be affected adversely by future increases to utility and fuel costs.
  • Business Strategy and Operational Risks
The other 23 risks
  • If we are unable to retain key personnel and members of our Board of Directors, our ability to manage our business effectively could be negatively impacted.
  • As a part of our business strategy, we have completed and may pursue acquisitions in the future that could disrupt our operations and harm our operating results.
  • Because we depend on outside suppliers with whom we may not have long-term agreements for raw materials, we may be unable to obtain adequate supplies of raw materials for our products at favorable prices or at all, which could result in product shortages and back orders for our products, with a resulting loss of net sales and profitability.
  • We rely on our information systems to conduct our business, and any failure to protect these systems against security breaches or failure of these systems themselves could adversely affect our business, results of operations and liquidity and could result in litigation and penalties. If these systems fail or become unavailable for any significant period of time, our business could be harmed. Additionally, the inappropriate use of social media vehicles could harm our reputation and adversely impact our business.
  • To the extent that we currently rely on third-party manufactures, now and in the future, we are dependent upon the uninterrupted and efficient operation of those third-party facilities, which may experience power failures, the breakdown, failure or substandard performance of equipment, the improper installation or operation of equipment, natural disasters, pandemic outbreaks or other disasters and the need to comply with the requirements or directives of government agencies, including the FDA.
  • We are currently a party to a lawsuit and may become a party to additional lawsuits that arise in the ordinary course of business in the future.
  • If our goodwill or intangible assets become impaired, we may be required to record a significant charge to earnings.
  • We may need additional capital in the future to finance our operations and to execute our business strategy, which we may not be able to raise, or it may only be available on terms unfavorable to us and or our stockholders. This may result in our inability to fund our working capital requirements and harm our operational results.
  • Changes in accounting standards, especially those that relate to management estimates and assumptions, are unpredictable and may materially impact how we report and record our financial condition.
  • Because of our history of accumulated deficits, recurring losses and negative cash flows from operating activities, we must improve profitability and may be required to obtain additional funding if we are to continue as a "going concern."
  • We are a fully remote company that does not maintain a physical office presence, which subjects us to unique operational risks.
  • Regulatory, Product Liability and Insurance Risks
  • Our products are subject to government regulation, both in the United States and abroad, which could increase our costs significantly and limit or prevent the sale of our products.
  • If we experience regulatory investigations or product recalls, we may incur significant and unexpected costs, and our business reputation could be adversely affected.
  • We may experience product liability claims and litigation to prosecute such claims, and although we maintain product liability insurance, which we believe to be adequate for our needs, there can be no assurance that our insurance coverage will be adequate or that we will be able to obtain adequate insurance coverage in the future. In addition, we may be subject to consumer fraud claims, including consumer class action claims regarding product labeling and advertising, and litigation to prosecute such claims; these claims are generally not covered by insurance.
  • We may be required to indemnify our contract manufacturing and/or retailer customers, the payment of which could have a material adverse effect on our business, financial condition and operating results.
  • We may experience Lanham Act claims by competitors and litigation to prosecute such claims.
  • Risks Relating to Our Common Stock
  • Our common stock currently has very limited trading volume and holders of our securities may not be able to sell quickly any significant number of shares.
  • Because the trading price of our common stock is below $5.00 per share it is deemed a low-priced "Penny" stock and an investment in our common stock should be considered high risk and subject to marketability restrictions.
  • We have the ability to issue additional shares of our common stock and shares of preferred stock without asking for stockholder approval, which could cause your investment to be diluted.
  • FINRA sales practice requirements may also limit a stockholder's ability to buy and sell our stock.
  • Our controls and procedures may not timely institute proper controls, or compensating controls when necessary or our controls may fail, which may result in a material adverse effect on our business, financial condition and results of operations.
  • An excess of a majority of our outstanding voting securities are beneficially owned by two individuals, and these two individuals can elect all directors who in turn elect all officers, without the votes of any other stockholders.
  • We do not expect to pay dividends in the near future.

Legal proceedings

We are, from time to time, a party to legal proceedings that arise in the ordinary course of business.

On November 14, 2025, counsel to First Central Tower Limited Partnership ("Landlord") remitted a notice of Default, Demand to Cure and for Acceleration of Rent to us seeing $979,885 in unpaid rent. We did not respond to this notice.

On December 10, 2025, the Landlord filed a complain for damages in the Circuit Court for the Sixth Judicial Circuit in and for Pinellas and Pasco Counties, Florida, Civil Division, for past due rent. The landlord alleges that we defaulted on the lease by failing to pay rent on the date rent was due. The landlord is seeing to recover damages from us in the amount of $963,363, comprised of past due rent and late fees through December 2025, totaling $1,394,221, less our security deposit in the amount of $1,000,000, plus accelerated rent due for the remainder of the lease term reduced to the net present value in the amount of $360,713 plus costs associated with reletting the premises in the amount of $208,428. As of the date of filing this Form 10-K, we have not responded to this complain. It is possible that our failure to respond to the complain will result in a default judgment against us or alternatively that any response to the complaint or future actions on our part to defend against this litigation will be unsuccessful and result in an adverse judgment against us. Such a default or adverse judgment could result in the imposition of material damages and other costs and could have a material adverse effect on us. See Note 13 in the Notes to Consolidated Financial Statements included in this report for additional information.

The opening of Item 3, Legal Proceedings.3

Sources

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