Innovative Food Holdings Inc (IVFH)

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The Company had net working capital of $1,380,741 as of March 31, 2017. The Company had used cash in operations during the three months ended March 31, 2017 in the amount of $368,021 including certain payments in the amount of $1,230,497 related to discontinued operations which relate mainly to a transaction to purchase the rights to 1,450,000 RSUs and 642,688 shares of the Company’s common stock from a former FD employee which resulted in $850,000 in non-recurring cash payments compared to cash generated from operating activities of $442,300 during the three months ended March 31, 2016. Without the cash flow items associated with discontinued operations, cash operating cash flow would have been $868,845 for the three months ended March 31, 2017.