v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 9,130 $ 12,857
Accounts receivable, net of allowance of $2,318 and $1,285 at June 30, 2022 and December 31, 2021, respectively 15,550 14,690
Inventories, net 60,756 66,982
Vendor deposits 11,530 18,475
Assets held for sale 8,813 75
Other current assets (Note 8) 8,026 11,658
Total current assets 113,805 124,737
Property and equipment, net 13,141 20,851
Intangible assets, net 81,774 84,710
Goodwill 41,819 41,860
Operating lease right-of-use assets 6,259 9,128
Other assets 7,764 4,541
Total assets 264,562 285,827
Current liabilities    
Accounts payable 27,269 23,041
Accrued expenses and other current liabilities (Note 8) 22,440 25,297
Customer deposits 5,163 7,924
Current portion of notes payable, including $8,000 owed to related party 11,445 11,615
Current portion of liabilities held for sale 198 0
Current portion of operating leases 2,502 3,091
Total current liabilities 69,017 70,968
Notes payable, less current portion and debt issuance costs, net 1,284 10,607
Long-term liabilities held for sale 7,582 0
Operating leases, less current portion 3,837 6,142
Other liabilities 447 1,746
Total long-term liabilities 13,150 18,495
Total liabilities 82,167 89,463
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY*    
#REF! 0 0
Additional paid-in capital* [1] 249,191 229,705
Accumulated deficit (83,000) (55,544)
Accumulated other comprehensive income 291 324
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 166,544 174,528
Non-controlling interest 15,851 21,836
Total stockholders’ equity 182,395 196,364
Total liabilities and stockholders’ equity 264,562 285,827
Common Class A    
STOCKHOLDERS’ EQUITY*    
Common stock [1] 62 43
Common Class B    
STOCKHOLDERS’ EQUITY*    
Common stock [1] 0 0
Common Class C    
STOCKHOLDERS’ EQUITY*    
Common stock $ 0 $ 0
[1] After giving effect to the one-for-20 Reverse Stock Split effective August 9, 2022.

Source