Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 157 $ 463
Accounts receivable, net of allowance of $2,202 and $2,209 at March 31, 2024 and December 31, 2023, respectively 1,756 1,693
Inventories, net 18,320 20,529
Vendor deposits 3,960 3,765
Other current assets (Note 8) 2,741 3,319
Total current assets 26,934 29,769
Property and equipment, net 2,358 2,476
Operating lease right-of-use assets 1,727 1,936
Other assets 4,044 3,912
Total assets 35,063 38,093
Current liabilities    
Accounts payable 12,909 12,103
Accrued expenses and other current liabilities (Note 8) 3,920 3,056
Customer deposits 2,775 2,775
Current portion of notes payable 7,202 7,283
Current portion of operating leases 886 866
Current portion of finance leases 7
Total current liabilities 27,692 26,090
Operating leases, less current portion 782 1,010
Other liabilities 1
Total long-term liabilities 782 1,011
Total liabilities 28,474 27,101
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 268,212 268,132
Accumulated deficit (261,780) (257,289)
Accumulated other comprehensive income 247 245
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 6,721 11,124
Non-controlling interest (132) (132)
Total stockholders’ equity 6,589 10,992
Total liabilities and stockholders’ equity 35,063 38,093
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value 42 36
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value