Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 463 $ 6,458
Restricted cash 5,718
Accounts receivable, net of allowance of $2,209 and $4,826 at December 31, 2023 and 2022, respectively 1,693 6,468
Inventories, net 20,529 40,643
Vendor deposits 3,765 6,296
Other current assets (Note 8) 3,319 11,120
Total current assets 29,769 76,703
Property and equipment, net 2,476 3,962
Operating lease right-of-use assets 1,936 3,442
Other assets 3,912 5,578
Total assets 38,093 89,685
Current liabilities    
Accounts payable 12,103 14,953
Accrued expenses and other current liabilities (Note 8) 3,056 11,882
Customer deposits 2,775 3,983
Current portion of notes payable 7,283 3,185
Current portion of operating leases 866 1,528
Current portion of finance leases 7 128
Total current liabilities 26,090 35,659
Notes payable, less current portion and debt issuance costs, net 13,040
Operating leases, less current portion 1,010 1,887
Finance leases, less current portion 29
Other liabilities 1 79
Total long-term liabilities 1,011 15,035
Total liabilities 27,101 50,694
Commitments and contingencies (Note 7)  
STOCKHOLDERS’ EQUITY*    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding
Additional paid-in capital [1] 268,132 264,017
Accumulated deficit (257,289) (225,114)
Accumulated other comprehensive income 245 55
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 11,124 38,973
Non-controlling interest (132) 18
Total stockholders’ equity 10,992 38,991
Total liabilities and stockholders’ equity 38,093 89,685
Common Class A [Member]    
STOCKHOLDERS’ EQUITY*    
Common stock, value [1] 36 15
Common Class B [Member]    
STOCKHOLDERS’ EQUITY*    
Common stock, value [1]
[1] After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity.