来福威食品 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2026 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number:001-42398 LIFEWAY FOODS, INC.(Exact name of registrant as specified in its charter) Illinois36-3442829(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 6431 West Oakton, Morton Grove, IL 60053(Address of principal executive offices, zip code) (847) 967-1010(Registrant’s telephone number, including area code) Securities registered under Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange 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. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ 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”, “smallerreporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one) Large accelerated Filer☐Non-accelerated Filer☒Emerging growth company☐ Accelerated Filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of shares of Common Stock, no par value, outstanding as of May 8, 2026: 15,281,888. TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1.Financial Statements.Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item 3.Quantitative and Qualitative Disclosures About Market Risk.Item 4.Controls and Procedures. PART II – OTHER INFORMATION Item 1.Legal Proceedings.Item1A.Risk Factors.Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.Item 3.Defaults Upon Senior Securities.Item 5.Other Information.Item 6.Exhibits.Signatures. LIFEWAY FOODS, INC. AND SUBSIDIARIESConsolidated Balance SheetsMarch 31, 2026 and December 31, 2025(In thousands) LIFEWAY FOODS, INC. AND SUBSIDIARIESConsolidated Statements of OperationsFor the three months ended March 31, 2026 and 2025(Unaudited)(In thousands, except per share data) LIFEWAY FOODS, INC. AND SUBSIDIARIESConsolidated Statements of Stockholders’ Equity(Unaudited)(In thousands) LIFEWAY FOODS, INC. AND SUBSIDIARIESConsolidated Statements of Stockholders’ Equity(Unaudited)(In thousands) LIFEWAY FOODS, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows(Unaudited)(In thousands) LIFEWAY FOODS, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements(Unaudited)(In thousands, except per share data) Note 1 – Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generallyaccepted in the U.S. (“U.S. GAAP”) for interim financial information, and do not include certain information and footnote disclosuresrequired for complete, audited financial statements. In the opinion of management, these statements include all adjustments necessaryfor a fair presentation of the results of all interim periods reported herein. The consolidated financial statements and related notesshould be read in conjunction with the consolidated financial statements and related notes included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Results of operations for any interim period are not necessarily indicative of future orannual results. Principles of consolidation The consolidated financial statements include the accounts of Lifeway Foods, Inc. and all its wholly owned subsidiaries (collectively“Lifeway” or the “Company”). All significant intercompany accounts and transactions have been eliminated. Note 2 – Summary of Significant Accounting Policies Our significant accounting policies, which are summarized in detail in our Annual Report on Form 10-K for the fiscal year endedDecember 31, 2025, have not materially changed. The following is a description of certain of our significant a