Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 39,993 $ 47,773
Accounts receivable, net of allowance of $1,324 and $936 at September 30, 2020 and December 31, 2019, respectively 6,438 8,091
Inventories, net 36,919 43,060
Vendor deposits 8,775 11,120
Assets held for sale 1,177 0
Other current assets 8,924 4,924
Total current assets 102,226 114,968
Property and equipment, net 12,392 13,165
Intangible assets, net 5,930 6,301
Goodwill 3,128 11,982
Operating lease right-of-use assets 3,085 4,695
Other assets 2,053 2,091
Total assets 128,814 153,202
Current liabilities    
Accounts payable 17,963 11,310
Accrued expenses and other current liabilities 15,956 10,600
Customer deposits 2,593 3,152
Current portion of operating leases 725 1,084
Current portion of finance leases 208 116
Total current liabilities 37,445 26,262
Notes payable, less current portion and debt issuance costs, net 7,886 8,018
Operating leases, less current portion 2,708 3,844
Finance leases, less current portion 277 194
Other liabilities 1,038 620
Total long-term liabilities 11,909 12,676
Total liabilities 49,354 38,938
Commitments and contingencies (Note 6)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 39,194 32,108
Accumulated deficit (20,732) (9,727)
Accumulated other comprehensive loss (154) (72)
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 18,448 22,416
Non-controlling interest 61,012 91,848
Total stockholders’ equity 79,460 114,264
Total liabilities and stockholders’ equity 128,814 153,202
Common Class A    
Stockholders’ Equity    
Common stock 131 98
Class B Common Stock    
Stockholders’ Equity    
Common stock 1 1
Class C Common Stock    
Stockholders’ Equity    
Common stock $ 8 $ 8