Synergy CHC Corp 2026年季度报告

TABLE OF CONTENTS PART I-FINANCIAL INFORMATION Item 1. Financial Statements. Synergy CHC Corp. Condensed Interim Financial StatementsFor the Three Months Ended March 31, 2026 and 2025Unaudited MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL The accompanying unaudited condensed interim financial statements of Synergy CHC Corp. (“the Company”) have been prepared bymanagement in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Managementacknowledges responsibility for the preparation and presentation of the unaudited condensed interim financial statements, including Synergy CHC Corp.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 – Nature of the Business Synergy CHC Corp. (“Synergy”, “we”, “us”, “our” or the “Company”) (formerly Synergy Strips Corp.) was incorporated onDecember 29, 2010 in Nevada under the name “Oro Capital Corporation.” On April 21, 2014, the Company changed its fiscal year endfrom July 31 to December 31. On April 28, 2014, the Company changed its name to “Synergy Strips Corp.” On August 5, 2015, the The Company is a consumer health care company that is in the process of building a portfolio of best-in-class consumer product Synergy is the sole owner of four subsidiaries: NomadChoice Pty Ltd., Hand MD Corp., Synergy CHC Inc. and Synergy CHCMexico, and the results have been consolidated in these statements. Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements as of March 31, 2026 and for the three months ended March 31, 2026and 2025 are unaudited. The accompanying condensed consolidated financial statements have been prepared in conformity with USGAAP. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles forcomplete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considerednecessary for a fair presentation have been included. Operating results for the three months ended March 31, 2026 are not necessarily All amounts referred to in the notes to the condensed consolidated financial statements are in United States Dollars ($) unless statedotherwise. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Allsignificant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the dateof the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from thoseestimates. Significant estimates included are assumptions about collection of accounts receivable, current income taxes, deferredincome taxes valuation allowance, useful life of intangible assets, impairment analysis of intangible assets, estimates used in the fairvalue calculation of stock based compensation, assumptions used in Black-Scholes-Merton, or BSM, valuation methods, such as Cash and Cash Equivalents The Company considers all cash on hand and in banks, including accounts in book overdraft positions, certificates of deposit and otherhighly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. As of March 31,2026 and December 31, 2025, the Company had no cash equivalents. The Company maintains its cash in banks insured by the FederalDeposit Insurance Corporation (FDIC) in accounts that at times may be in excess of the federally insured limit of $250,000 per bank. Restricted Cash The following table provides a reconciliation of cash and restricted cash reported within the statement of financial position that sum tothe total of the same such amounts shown in the statement of cash flows. Amounts included in restricted cash represent amounts held for credit card collateral. Intangible Assets The Company evaluates the recoverability of intangible assets periodically and takes into account events or circumstances that warrantrevised estimates of useful lives or that indicate that impairment exists. All of the intangible assets are subject to amortization. Long-lived Assets Long-lived assets include intangible assets other than those with indefinite lives. The Company assesses the carrying value of its long-lived asset groups when indicators of impairment exist and recognizes an impairment loss when the carrying amount of a long-lived Indicators of impairment include significant underperformance relative to historical or projected future operating results, significantchanges in the Company’s use of the assets or in its business strategy, loss of or changes in customer relationships and signif