v3.24.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Net sales $ 65,373 $ 137,085
Cost of sales 47,547 112,102
Gross profit 17,826 24,983
Operating expenses:    
Salaries, benefits and payroll taxes 17,454 31,290
General and administrative 24,213 41,000
Goodwill and indefinite-lived intangibles impairment charge 71,360
Definite-lived intangibles impairment charge 50,694
Property and equipment impairment charge 7,336
Depreciation and amortization 2,243 7,405
Total operating expenses 43,910 209,085
Loss from operations (26,084) (184,102)
Other (expense) income, net:    
Interest expense (5,450) (2,450)
Employee retention credits 4,854
Other expense, net (791) (541)
Total other (expense) income, net (6,241) 1,863
Loss before income taxes (32,325) (182,239)
Provision for (benefit from) income taxes (13)
Net loss (32,325) (182,226)
Less: Net loss attributable to non-controlling interest (150) (12,717)
Net loss attributable to Greenlane Holdings, Inc. $ (32,175) $ (169,509)
Net loss attributable to Class A common stock per share - basic [1],[2] $ (8.16) $ (22.51)
Net loss attributable to Class A common stock per share - diluted [1],[2] $ (8.16) $ (22.51)
Weighted-average shares of Class A common stock outstanding - basic [1],[2] 3,993 753
Weighted-average shares of Class A common stock outstanding - dilued [2] 3,993 753
Other comprehensive income (loss):    
Foreign currency translation adjustments $ 190 $ (211)
Unrealized gain (loss) on derivative instrument 26
Comprehensive loss (32,135) (182,411)
Less: comprehensive loss attributable to non-controlling interest (150) (12,633)
Comprehensive loss attributable to Greenlane Holdings, Inc. $ (31,985) $ (169,778)
[1] After giving effect to the Reverse Stock Splits.
[2] After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity.

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