Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 169 $ 463
Accounts receivable, net of allowance of $2,250 and $2,209 at June 30, 2024 and December 31, 2023, respectively 1,923 1,693
Inventories, net 17,268 20,529
Vendor deposits 3,737 3,765
Other current assets (Note 8) 2,261 3,319
Total current assets 25,358 29,769
Property and equipment, net 2,178 2,476
Operating lease right-of-use assets 1,499 1,936
Other assets 3,894 3,912
Total assets 32,929 38,093
Current liabilities    
Accounts payable 15,005 12,103
Accrued expenses and other current liabilities (Note 8) 2,850 3,056
Customer deposits 2,775 2,775
Notes payable, net of debt discount 4,905 7,283
Current portion of operating leases 886 866
Current portion of finance leases 7
Total current liabilities 26,421 26,090
Operating leases, less current portion 554 1,010
Other liabilities 1
Total long-term liabilities 554 1,011
Total liabilities 26,975 27,101
Commitments and contingencies (Note 7)  
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding
Additional paid-in capital [1] 268,249 268,165
Accumulated deficit (262,395) (257,289)
Accumulated other comprehensive income 244 245
Total stockholders’ equity attributable to Greenlane Holdings, Inc. 6,103 11,124
Non-controlling interest (149) (132)
Total stockholders’ equity 5,954 10,992
Total liabilities and stockholders’ equity 32,929 38,093
Common Class A [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value 5 3
Common Class B [Member]    
STOCKHOLDERS’ EQUITY    
Common stock, value
[1] After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity.