Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 32,513 $ 899
Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively 1,572 4,262
Inventories, net 14,215
Vendor deposits 3,091
Other current assets (Note 8) 2,001 1,305
Total current assets 36,086 23,772
Property and equipment, net 253 1,420
Operating lease right-of-use assets 144 1,043
Digital assets 36,555
Other assets 1,893 2,396
Total assets 74,931 28,631
Current liabilities    
Accounts payable 5,414 9,787
Accrued expenses and other current liabilities (Note 8) 1,627 1,218
Customer deposits 2,661
Notes payable 7,674
Current portion of operating leases 166 926
Total current liabilities 7,207 22,266
Operating leases, less current portion 83
Total liabilities 7,207 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] 428,069 281,095
Accumulated deficit (360,509) (274,929)
Accumulated other comprehensive income 265 265
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 67,873 6,431
Non-controlling interest (149) (149)
Total stockholders’ equity 67,724 6,282
Total liabilities and stockholders’ equity 74,931 28,631
Common Class A [Member]    
STOCKHOLDERS’ EQUITY*    
Common stock, value [1] 48
Common Class B [Member]    
STOCKHOLDERS’ EQUITY*    
Common stock, value [1]
[1] After giving effect to the Reverse Stock Splits - See Note 10 - Stockholders’ Equity.