v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net (loss) income (including amounts attributable to non-controlling interests) $ (20,884) $ 2,528
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,330 611
Benefit from deferred income taxes (123)
Amortization of deferred financing costs 37 7
Debt issuance costs on convertible notes 422
Equity-based compensation expense 4,575
Change in fair value of convertible notes 12,063
Provision for doubtful accounts 637 200
Provision for slow moving or obsolete inventory (137) 27
Loss (Income) from equity method investments in associated entities (81)
Other (12) (6)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable, net (3,786) (2,709)
Vendor deposits 2,410 (1,763)
Inventories (18,466) (5,007)
Deferred offering costs 2,284
Other current assets (1,490) (1,305)
Accounts payable 5,218 (2,105)
Accrued expenses (2,486) 3,182
Payments of operating leases (363)
Net cash used in operating activities (18,771) (6,421)
Cash flows from investing activities:    
Acquisition of a subsidiary, net of cash acquired 91 785
Purchase of property and equipment, net (754) (250)
Purchase of intangible assets, net (65) (18)
Investments (500)
Net cash (used in) provided by investing activities (1,228) 517
Cash flows from financing activities:    
Proceeds from issuance of convertible notes 8,050
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting costs 83,003
Payment of debt issuance costs -convertible notes (1,734)
Payments on long-term debt (594)
Proceeds from notes payable 149
Payments on notes payable (83)
Proceeds from related parties - line of credit, net 6,740
Payments of finance lease obligations (41) (33)
Deferred offering costs paid (3,456)
Redemption of Class A and Class B units of Greenlane Holdings, LLC (3,019)
Member distributions (898) (1,007)
Net cash provided by financing activities 81,822 5,255
Effects of exchange rate changes on cash 171 (32)
Net increase (decrease) in cash 61,994 (681)
Cash, as of beginning of the period 7,341 2,080
Cash, as of end of period 69,335 1,399
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest 285 153
Cash paid during the period for income taxes 81 136
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows for operating leases 363 282
Operating cash flows for finance leases 12 7
Financing cash flows for finance leases 41 33
Non-cash investing activities and financing activities:    
Conversion of convertible debt to Class A Units 60,313
Redeemable Class B Units issued for acquisition of a subsidiary 6,664 8,890
Deferred offering costs included in accounts payable and accrued expenses 67
Leased assets obtained in exchange for new finance lease liabilities 88
Leased assets obtained in exchange for new operating lease liabilities $ 2,562