Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 5,724 $ 899
Accounts receivable, net of allowance of $3,289 and $2,616 at June 30, 2025 and December 31, 2024, respectively 3,795 4,262
Inventories, net 14,352 14,215
Vendor deposits 2,527 3,091
Other current assets 1,719 1,305
Total current assets 28,117 23,772
Property and equipment, net 1,181 1,420
Operating lease right-of-use assets 587 1,043
Other assets 1,892 2,396
Total assets 31,777 28,631
Current liabilities    
Accounts payable 8,710 9,787
Accrued expenses and other current liabilities 1,102 1,218
Customer deposits 1,466 2,661
Current portion of notes payable 7,674
Current portion of operating leases 548 926
Total current liabilities 11,826 22,266
Operating leases, less current portion 5 83
Total liabilities 11,831 22,349
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding
Additional paid-in capital [1] 301,841 281,095
Accumulated deficit (282,011) (274,929)
Accumulated other comprehensive income 265 265
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 20,095 6,431
Non-controlling interest (149) (149)
Total stockholders’ equity 19,946 6,282
Total liabilities and stockholders’ equity 31,777 28,631
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value [1]
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value [1]
[1] After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity.