v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 8,039 $ 12,857
Restricted cash 2,155 0
Accounts receivable, net of allowance of $4,275 and $1,285 at September 30, 2022 and December 31, 2021, respectively 11,805 14,690
Inventories, net 47,945 66,982
Vendor deposits 9,167 18,475
Other current assets (Note 8) 7,360 11,733
Total current assets 86,471 124,737
Property and equipment, net 11,838 20,851
Intangible assets, net 55,294 84,710
Goodwill 0 41,860
Operating lease right-of-use assets 5,498 9,128
Other assets 6,227 4,541
Total assets 165,328 285,827
Current liabilities    
Accounts payable 16,295 23,041
Accrued expenses and other current liabilities (Note 8) 20,679 25,297
Customer deposits 4,523 7,924
Current portion of notes payable, including $0 and $8,000 owed to related party as of September 30, 2022 and December 31, 2021, respectively (Note 6) 3,156 11,615
Current portion of operating leases 2,462 3,091
Total current liabilities 47,115 70,968
Notes payable, less current portion and debt issuance costs, net (Note 6) 13,488 10,607
Operating leases, less current portion 3,027 6,142
Other liabilities 154 1,746
Total long-term liabilities 16,669 18,495
Total liabilities 63,784 89,463
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital [1] 259,314 229,705
Accumulated deficit (158,109) (55,544)
Accumulated other comprehensive income 53 324
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 101,326 174,528
Non-controlling interest 218 21,836
Total stockholders’ equity 101,544 196,364
Total liabilities and stockholders’ equity 165,328 285,827
Common Class A    
STOCKHOLDERS’ EQUITY    
Common stock [1] 68 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.

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