Kisses From Italy Inc. (KITL)
Kisses from Italy Inc. operates and licenses a network of restaurants across North America and Europe. These establishments offer a diverse menu, featuring grilled and deli paninis, various coffee and tea beverages, sweet treats, and other select food items. Additionally, the company supplies its proprietary products to retail food and grocery stores in Ontario and Quebec, Canada. Founded in 2013, the firm's corporate headquarters are situated in Miami, Florida.
Sector: Retail-Eating & Drinking Places
Industry: Restaurants
Kisses From Italy Inc.
OTC:KITLConsumer Cyclical · Restaurants
$0.0010
Mkt Cap$408K
Float156.78M
O/S407.75M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$130K
Total Assets$250K
Free Cash Flow-$30K
Debt & Equity
Total Debt$695K
Total Equity-$754K
Preferred Stock$53K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KITL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$250K
Liabilities$1.04M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$250K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $0 | $50K | $226K | $391K | $401K | $514K | $461K | $444K | $740K | $929K |
| YoY Growth | - | -77.9% | -42.3% | -2.3% | -22.1% | 11.4% | 3.8% | -40.0% | -20.3% | - |
| Cost of Revenue | $0 | $56K | $118K | $213K | $203K | $114K | $214K | $210K | $301K | $405K |
| Gross Profit | $0 | -$6K | $108K | $178K | $198K | $400K | $247K | $235K | $439K | $523K |
| Gross Margin | - | -11.4% | 47.8% | 45.6% | 49.3% | 77.8% | 53.5% | 52.8% | 59.4% | 56.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $40K | $112K | $3.63M | $674K | $4.33M | $3.59M | $2.97M | $552K | $1.01M | $1.18M |
| Other | $0 | $0 | $40K | $2K | $5K | $52K | $43K | $40K | $40K | $0 |
| Total Operating Expenses | $40K | $112K | $3.67M | $677K | $4.34M | $3.64M | $3.01M | $592K | $1.05M | $1.22M |
| Operating Income (EBIT) | -$40K | -$118K | -$3.56M | -$498K | -$4.14M | -$3.24M | -$2.76M | -$357K | -$615K | -$695K |
| Operating Margin | - | -236.1% | -1576.2% | -127.3% | -1033.3% | -630.5% | -599.3% | -80.3% | -83.1% | -74.9% |
| Interest Expense | $90K | $0 | $1.46M | $323K | $799K | $498K | $339K | $114K | $48K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K |
| Other Income (Expense) | -$90K | -$91K | -$1.31M | -$362K | $3K | -$498K | -$339K | -$114K | -$48K | -$16K |
| Income Before Tax (EBT) | -$130K | -$209K | -$4.87M | -$861K | -$4.14M | -$3.74M | -$3.1M | -$471K | -$663K | -$711K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $802K | $0 | $318K | $0 | $0 | -$5K |
| Net Income | -$130K | -$209K | -$4.87M | -$847K | -$4.94M | -$3.71M | -$3.11M | -$445K | -$651K | -$706K |
| Net Income Margin | - | -418.4% | -2156.0% | -216.5% | -1233.5% | -721.6% | -674.3% | -100.2% | -87.9% | -76.0% |
| Supplementary Data | ||||||||||
| EPS | 0.00 | -0.00 | -0.02 | -0.00 | -0.03 | -0.03 | -0.04 | -0.00 | -0.01 | -0.01 |
| Diluted EPS | 0.00 | -0.00 | -0.02 | -0.00 | -0.03 | -0.03 | -0.04 | -0.00 | -0.01 | -0.01 |
| Weighted Average OS | 512.99M | 374.77M | 256.62M | 184.93M | 168.62M | 140.52M | 92.84M | 92.07M | 92.07M | 72.52M |
| EBITDA | -$40K | -$209K | -$3.52M | -$496K | -$4.14M | -$3.19M | -$2.72M | -$317K | -$575K | -$657K |
| EBITDA Margin | - | -418.4% | -1558.7% | -126.7% | -1032.1% | -620.4% | -589.9% | -71.3% | -77.7% | -70.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $82 | $0 | $25K | $324K | $139K | $37K | $27K | $23K | $52K | $33K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $82 | $0 | $25K | $324K | $139K | $37K | $27K | $23K | $52K | $33K |
| Accounts Receivable | $0 | $3K | $5K | $63K | $61K | $11K | $4K | $0 | $0 | $0 |
| Inventory | $0 | $1K | $12K | $14K | $5K | $4K | $2K | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $48K | $5K | $4K | $0 | $0 | $0 |
| Total Current Assets | $82 | $5K | $42K | $402K | $206K | $52K | $33K | $23K | $52K | $33K |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $477K | $6K | $8K | $59K | $90K | $130K | $169K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $44K | $44K | $3K | $3K | $3K | $1K | $1K | $0 |
| Total Long-Term Assets | $250K | $0 | $44K | $521K | $9K | $11K | $62K | $91K | $131K | $169K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $250K | $5K | $85K | $922K | $215K | $63K | $95K | $114K | $183K | $202K |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $0 | $146K | $114K | $86K | $53K | $65K | $65K | $50K | $13K | $2K |
| Short-Term Debt | $695K | $742K | $675K | $751K | $0 | $0 | $6K | $6K | $45K | $13K |
| Current Income Tax Payable | $0 | $0 | $3K | $99K | $130K | $146K | $140K | $122K | $123K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $122K | $0 | $0 |
| Other Current Liabilities | $342K | $101K | $39K | $172K | $130K | $146K | $140K | $122K | $0 | $0 |
| Total Current Liabilities | $1.04M | $989 | $832K | $1.11M | $187K | $213K | $215K | $214K | $182K | $141K |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $0 | $0 | $102K | $0 | $22K | $22K | $10K | $278K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $135K | $428K | $22K | $22K | $10K | $278K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.04M | $989K | $967K | $1.53M | $209K | $235K | $225K | $492K | $182K | $141K |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $53K | $175 | $175 | $145 | $240 | $80 | $50 | $0 | $0 | $0 |
| Common Stock | $513K | $408K | $337K | $189K | $181K | $155K | $127K | $82K | $82K | $76K |
| Retained Earnings | -$19.74M | -$19.61M | -$19.58M | -$14.71M | -$13.86M | -$8.92M | -$5.21M | -$2.12M | -$1.68M | -$1.03M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$98K | $0 |
| Other Stockholders' Equity | $18.47M | $18.25M | $18.39M | $13.94M | $13.7M | $8.61M | $4.95M | $1.64M | $1.55M | $948K |
| Total Equity | -$754K | -$951K | -$849K | -$578K | $25K | -$149K | -$136K | -$405K | -$52K | -$4K |
| Minority Interest | -$33K | -$33K | -$33K | -$33K | -$20K | -$23K | $6K | $27K | $53K | $65K |
| Total Liabilities and Equity | $283K | $38K | $118K | $955K | $234K | $86K | $89K | $87K | $130K | $137K |
| Supplementary Data | ||||||||||
| Total Debt | $695K | $742K | $777K | $1.22M | $22K | $22K | $16K | $283K | $45K | $13K |
| Net Debt | $695K | $742 | $753K | $900K | -$117K | -$15K | -$11K | $260K | -$7K | -$20K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$130K | -$209K | -$4.87M | -$861K | -$4.94M | -$3.74M | -$3.11M | -$471K | -$663K | -$706K |
| Depreciation & Amortization | $0 | $0 | $40K | $2K | $5K | $52K | $43K | $40K | $40K | $38K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $2.79M | $5K | $3.77M | $3.03M | $2.31M | $0 | $469K | $441K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $3K | $2K | $58K | -$570 | -$7K | -$6K | -$19K | $0 | $0 | $0 |
| Inventory | $1K | $11K | $2K | -$9K | -$1K | $0 | -$2K | $0 | $0 | $0 |
| Accounts Payable | $9K | $31K | $97K | $34K | -$12K | -$724 | $15K | $37K | $11K | $0 |
| Other Working Capital | $86K | $59K | -$107K | $36K | -$58K | $5K | -$2K | $35K | -$3K | $95K |
| Total Working Capital Change | $100K | $103K | $50K | $59K | -$78K | -$3K | -$8K | $72K | $8K | $95K |
| Other Non-Cash Items | $0 | $49K | $1.15M | $215K | $795K | $492K | $342K | $92K | -$1K | -$2K |
| Net Cash from Operating | -$30K | -$57K | -$835K | -$579K | -$452K | -$170K | -$423K | -$267K | -$148K | -$134K |
| Investing Activities | ||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$41K | -$2K | -$1K | -$12K | $0 | -$671 | -$37K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | -$41K | -$2K | -$1K | -$12K | $0 | -$671 | -$37K |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | -$90K | -$250K | - | -$12K | -$389K | -$278K | - | - |
| Common Stock Issuance | $31K | $32K | $65K | $5K | $436K | $20K | $50K | $0 | $135K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$27 | $182K |
| Net Cash from Financing | $31K | $32K | $535K | $805K | $556K | $182K | $439K | $238K | $168K | $182K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | $0 | -$270 | $0 |
| Net Change in Cash | $82 | -$25K | -$300K | $185K | $102K | $10K | $4K | -$29K | $19K | $11K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$30K | -$57K | -$835K | -$579K | -$452K | -$170K | -$423K | -$267K | -$148K | -$134K |
| Capital Expenditure | $0 | -$3 | $0 | -$41K | -$2K | -$1K | -$12K | $0 | -$671 | -$37K |
| Free Cash Flow | -$30K | -$57K | -$835K | -$620K | -$454K | -$171K | -$435K | -$267K | -$148K | -$171K |
| Cash at Beginning | $0 | $25K | $324K | $139K | $37K | $27K | $23K | $52K | $33K | $22K |
| Cash at End | $82 | $0 | $25K | $324K | $139K | $37K | $27K | $23K | $52K | $33K |