Edible Garden AG Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
EDBL$0.70+0.5%Stored close · as of Nov 6, 2026
Contents
Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands, except shares)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $388 | $510 |
| Accounts receivable, net | 1,139 | 1,249 |
| Inventory | 814 | 678 |
| Prepaid expenses and other current assets | 276 | 210 |
| Total current assets | 2,617 | 2,647 |
| Property, equipment and leasehold improvements, net | 3,646 | 3,893 |
| Intangible assets, net | 46 | 47 |
| Other assets | 38 | 69 |
| TOTAL ASSETS | $6,347 | $6,656 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| LIABILITIES: | ||
| Current liabilities: | ||
| Accounts payable and other accrued expenses | $5,145 | $2,517 |
| Short-term debt, net of discounts | 4,438 | 387 |
| Total current liabilities | 9,583 | 2,904 |
| Long-term liabilities: | ||
| Long-term debt, net of discounts | 852 | 4,040 |
| Total long-term liabilities | 852 | 4,040 |
| Total liabilities | 10,435 | 6,944 |
| COMMITMENTS AND CONTINGENCIES (Note 10) | ||
| STOCKHOLDERS’ DEFICIT: | ||
| Common stock ($0.0001 par value, 100,000,000 shares authorized, 307,820 and 285,282 shares outstanding as of March 31, 2024 and December 31, 2023, respectively (1)) | 1 | 1 |
| Series A Convertible Preferred stock ($0.0001 par value, 10,000,000 shares authorized; nil shares outstanding as of March 31, 2024 and December 31, 2023) | - | - |
| Additional paid-in capital | 30,148 | 29,971 |
| Accumulated deficit | (34,237) | (30,260) |
| Total stockholders’ deficit | (4,088) | (288) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $6,347 | $6,656 |
(1)Adjusted to reflect the stock splits as described in Note 1.
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Table of Content
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