v3.21.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Net sales $ 138,304 $ 185,006
Cost of sales 115,539 153,916
Gross profit 22,765 31,090
Operating expenses:    
Salaries, benefits and payroll taxes 24,909 29,716
General and administrative 35,315 23,593
Goodwill impairment charge 8,996 0
Depreciation and amortization 2,520 2,705
Total operating expenses 71,740 56,014
Loss from operations (48,975) (24,924)
Other income (expense), net:    
Change in fair value of convertible notes 0 (12,063)
Interest expense (437) (975)
Other income, net 1,902 9,073
Total other income (expense), net 1,465 (3,965)
Loss before income taxes (47,510) (28,889)
Provision for income taxes 194 10,935
Net loss (47,704) (39,824)
Less: Net loss attributable to non-controlling interest (33,187) (11,008)
Net loss attributable to Greenlane Holdings, Inc. $ (14,517) $ (28,816)
Net loss attributable to Class A common stock per share - basic and diluted (in dollars per share) $ (1.22) $ (0.96)
Weighted-average shares of Class A common stock outstanding - basic and diluted (in shares) 11,947 10,145
Other comprehensive income (loss):    
Foreign currency translation adjustments $ 654 $ 193
Unrealized loss on derivative instrument (459) (206)
Comprehensive loss (47,509) (39,837)
Less: Comprehensive loss attributable to non-controlling interest (33,092) (11,033)
Comprehensive loss attributable to Greenlane Holdings, Inc. $ (14,417) $ (28,804)