v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 30,435 $ 47,773
Accounts receivable, net of allowance of $1,084 and $936 at December 31, 2020 and 2019, respectively 6,330 8,091
Inventories, net 36,064 43,060
Vendor deposits 11,289 11,120
Assets held for sale 1,073 0
Other current assets (Note 8) 10,892 4,924
Total current assets 96,083 114,968
Property and equipment, net 12,201 13,165
Intangible assets, net 5,945 6,301
Goodwill 3,280 11,982
Operating lease right-of-use assets 3,104 4,695
Other assets 2,037 2,091
Total assets 122,650 153,202
Current liabilities    
Accounts payable 18,405 11,310
Accrued expenses and other current liabilities (Note 8) 19,390 10,422
Customer deposits 2,729 3,152
Current portion of notes payable 182 178
Current portion of operating leases 966 1,084
Current portion of finance leases 184 116
Total current liabilities 41,856 26,262
Notes payable, less current portion and debt issuance costs, net 7,844 8,018
Operating leases, less current portion 2,524 3,844
Finance leases, less current portion 205 194
Other liabilities 964 620
Total long-term liabilities 11,537 12,676
Total liabilities 53,393 38,938
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding 0 0
Class A common stock, $0.01 par value per share, 125,000 shares authorized; 13,322 shares issued and outstanding as of December 31, 2020; 9,999 shares issued and 9,812 shares outstanding as of December 31, 2019 133 98
Class B common stock, $0.0001 par value per share, 10,000 shares authorized; 3,491 shares issued and outstanding as of December 31, 2020; 5,975 shares issued and outstanding as of December 31, 2019 1 1
Class C Common stock, $0.0001 par value per share, 100,000 shares authorized; 76,039 shares issued and outstanding as of December 31, 2020; 77,791 shares issued and outstanding as of December 31, 2019 8 8
Additional paid-in capital 39,742 32,108
Accumulated deficit (24,848) (9,727)
Accumulated other comprehensive income (loss) 29 (72)
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 15,065 22,416
Non-controlling interest 54,192 91,848
Total stockholders’ equity 69,257 114,264
Total liabilities and stockholders’ equity $ 122,650 $ 153,202