Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.4
Condensed Consolidated Balance Sheets
$ in Thousands
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Current assets    
Cash $ 5,872 $ 6,458
Restricted cash 0 5,718
Accounts receivable, net of allowance of $4,767 and $4,826 at March 31, 2023 and December 31, 2022, respectively 7,856 6,468
Inventories, net 37,043 40,643
Vendor deposits 5,299 6,296
Other current assets (Note 8) 6,724 11,120
Total current assets 62,794 76,703
Property and equipment, net 3,791 3,962
Intangible assets, net 0  
Operating lease right-of-use assets 2,936 3,442
Other assets 5,593 5,578
Total assets 75,114 89,685
Current liabilities    
Accounts payable 16,999 14,953
Accrued expenses and other current liabilities (Note 8) 12,884 11,882
Customer deposits 3,224 3,983
Current portion of notes payable 2,699 3,185
Current portion of operating leases 1,179 1,528
Current portion of finance leases 128 128
Total current liabilities 37,113 35,659
Notes payable, less current portion and debt issuance costs, net 5,535 13,040
Operating leases, less current portion 1,730 1,887
Finance leases, less current portion 29 29
Other liabilities 80 79
Total long-term liabilities 7,374 15,035
Total liabilities 44,487 50,694
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 264,085 263,880
Accumulated deficit (233,807) (225,114)
Accumulated other comprehensive income (loss) 233 55
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 30,663 38,973
Non-controlling interest (36) 18
Total stockholders’ equity 30,627 38,991
Total liabilities and stockholders’ equity 75,114 89,685
Common Class A    
STOCKHOLDERS’ EQUITY    
Common stock 152 152
Common Class B    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0