Greenlane Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2022

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:


(in thousands)	March 31, 2022		December 31, 2021

VAT payable (including amounts related to VAT matter described in Note 2)	$	3,188	$	4,393
Contingent consideration	2,812		5,641
Accrued employee compensation	6,392		6,055
Accrued professional fees	2,475		1,700
Refund liability (including accounts receivable credit balances)	1,294		1,481
Accrued construction in progress (ERP)	1,086		1,061
Sales tax payable	872		1,034

Other	7,152		3,932
	$	25,271	$	25,297

Changes in our customer deposits liability balance during the three months ended March 31, 2022 were as follows:


(in thousands)	Customer Deposits
Balance as of December 31, 2021	$	7,924

Increases due to deposits received, net of other adjustments	5,213
Revenue recognized	(6,299)
Balance as of March 31, 2022	$	6,838

The components of accumulated other comprehensive income (loss) for the periods presented were as follows:


(in thousands)	Foreign Currency Translation		Unrealized Gain or (Loss) on Derivative Instrument		Total
Balance at December 31, 2021	$	282	$	42	$	324
Other comprehensive income (loss)	88		358		446
Less: Other comprehensive (income) loss attributable to non-controlling interest	(17)		(68)		(85)
Balance at March 31, 2022	$	353	$	332	$	685


(in thousands)	Foreign Currency Translation		Unrealized Gain or (Loss) on Derivative Instrument		Total
Balance at December 31, 2020	$	183	$	(154)	$	29
Other comprehensive income (loss)	(155)		204		49
Less: Other comprehensive (income) loss attributable to non-controlling interest	99		(130)		(31)
Balance at March 31, 2021	$	127	$	(80)	$	47