Edible Garden AG Inc
For the period ended Jun 30, 2024. Filed Aug 14, 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.
Jun 30, 2024 · Filed Aug 14, 2024
EDBL$0.70+0.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements Unaudited Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023
| EDIBLE GARDEN AG INCORPORATED | ||
|---|---|---|
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| (unaudited, in thousands, except shares) | ||
| June 30, | December 31, | |
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $2,188 | $510 |
| Accounts receivable, net | 3,080 | 1,249 |
| Inventory | 891 | 678 |
| Prepaid expenses and other current assets | 146 | 210 |
| Total current assets | 6,305 | 2,647 |
| Property, equipment and leasehold improvements, net | 3,499 | 3,893 |
| Intangible assets, net | 45 | 47 |
| Other assets | 34 | 69 |
| TOTAL ASSETS | $9,883 | $6,656 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| LIABILITIES: | ||
| Current liabilities: | ||
| Accounts payable and other accrued expenses | $3,719 | $2,517 |
| Short-term debt, net of discounts | 4,901 | 387 |
| Total current liabilities | 8,620 | 2,904 |
| Long-term liabilities: | ||
| Long-term debt, net of discounts | 752 | 4,040 |
| Long-term lease liabilities | - | - |
| Total long-term liabilities | 752 | 4,040 |
| Total liabilities | 9,372 | 6,944 |
| COMMITMENTS AND CONTINGENCIES (Note 10) | ||
| STOCKHOLDERS’ EQUITY (DEFICIT): | ||
| Common stock ($0.0001 par value, 100,000,000 shares authorized, 3,160,392 and 285,282 shares outstanding as of June 30, 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 June 30, 2024 and December 31, 2023) | - | - |
| Additional paid-in capital | 36,679 | 29,971 |
| Accumulated deficit | (36,169) | (30,260) |
| Total stockholders’ equity (deficit) | 511 | (288) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $9,883 | $6,656 |
| (1) Adjusted to reflect the stock splits as described in Note 1. | ||
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