v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 5,944 $ 12,857
Accounts receivable, net of allowance of $1,409 and $1,285 at March 31, 2022 and December 31, 2021, respectively 19,903 14,690
Inventories, net 68,526 66,982
Vendor deposits 12,485 18,475
Other current assets (Note 8) 11,959 11,733
Total current assets 118,817 124,737
Property and equipment, net 22,356 20,851
Intangible assets, net 83,235 84,710
Goodwill 41,819 41,860
Operating lease right-of-use assets 7,042 9,128
Other assets 7,855 4,541
Total assets 281,124 285,827
Current liabilities    
Accounts payable 30,535 23,041
Accrued expenses and other current liabilities (Note 8) 25,271 25,297
Customer deposits 6,838 7,924
Current portion of notes payable, including $8,000 owed to related party 11,602 11,615
Current portion of operating leases 2,828 3,091
Total current liabilities 77,074 70,968
Notes payable, less current portion and debt issuance costs, net 9,633 10,607
Operating leases, less current portion 4,346 6,142
Other liabilities 821 1,746
Total long-term liabilities 14,800 18,495
Total liabilities 91,874 89,463
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
#REF! 0 0
Additional paid-in capital 240,280 228,894
Accumulated deficit (70,876) (55,544)
Accumulated other comprehensive income (loss) 685 324
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 171,117 174,528
Non-controlling interest 18,133 21,836
Total stockholders’ equity 189,250 196,364
Total liabilities and stockholders’ equity 281,124 285,827
Common Class A    
STOCKHOLDERS’ EQUITY    
Common stock 1,026 852
Common Class B    
STOCKHOLDERS’ EQUITY    
Common stock 2 2
Common Class C    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0

Source