Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 11,632 $ 30,435
Accounts receivable, net of allowance of $843 and $1,084 at June 30, 2021 and December 31, 2020, respectively 5,654 6,330
Inventories, net 34,076 36,064
Vendor deposits 10,487 11,289
Assets held for sale 202 1,073
Other current assets (Note 8) 4,814 10,892
Total current assets 66,865 96,083
Property and equipment, net 13,381 12,201
Intangible assets, net 8,813 5,945
Goodwill 8,625 3,280
Operating lease right-of-use assets 2,505 3,104
Other assets 2,015 2,037
Total assets 102,204 122,650
Current liabilities    
Accounts payable 11,765 18,405
Accrued expenses and other current liabilities (Note 8) 15,059 19,572
Customer deposits 2,682 2,729
Current portion of operating leases 781 966
Current portion of finance leases 195 184
Total current liabilities 30,482 41,856
Notes payable, less current portion and debt issuance costs, net 9,039 7,844
Operating leases, less current portion 2,153 2,524
Finance leases, less current portion 218 205
Other liabilities 1,487 964
Total long-term liabilities 12,897 11,537
Total liabilities 43,379 53,393
Commitments and contingencies (Note 7)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 48,955 39,742
Accumulated deficit (32,347) (24,848)
Accumulated other comprehensive income 143 29
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 16,928 15,065
Non-controlling interest 41,897 54,192
Total stockholders’ equity 58,825 69,257
Total liabilities and stockholders’ equity 102,204 122,650
Class A Common Stock    
STOCKHOLDERS' EQUITY    
Common stock 169 133
Class B Common Stock    
STOCKHOLDERS' EQUITY    
Common stock 1 1
Class C Common Stock    
STOCKHOLDERS' EQUITY    
Common stock $ 7 $ 8