Greenlane Holdings Inc
For the period ended Dec 31, 2023. Filed Jul 19, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jul 19, 2024
GNLN$1.16+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except par value per share amounts)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $463 | $6,458 |
| Restricted cash | — | 5,718 |
| Accounts receivable, net of allowance of $2,209 and $4,826 at December 31, 2023 and 2022, respectively | 1,693 | 6,468 |
| Inventories, net | 20,529 | 40,643 |
| Vendor deposits | 3,765 | 6,296 |
| Other current assets (Note 8) | 3,319 | 11,120 |
| Total current assets | 29,769 | 76,703 |
| Property and equipment, net | 2,476 | 3,962 |
| Operating lease right-of-use assets | 1,936 | 3,442 |
| Other assets | 3,912 | 5,578 |
| Total assets | $38,093 | $89,685 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable | $12,103 | $14,953 |
| Accrued expenses and other current liabilities (Note 8) | 3,056 | 11,882 |
| Customer deposits | 2,775 | 3,983 |
| Current portion of notes payable | 7,283 | 3,185 |
| Current portion of operating leases | 866 | 1,528 |
| Current portion of finance leases | 7 | 128 |
| Total current liabilities | 26,090 | 35,659 |
| Notes payable, less current portion and debt issuance costs, net | — | 13,040 |
| Operating leases, less current portion | 1,010 | 1,887 |
| Finance leases, less current portion | — | 29 |
| Other liabilities | 1 | 79 |
| Total long-term liabilities | 1,011 | 15,035 |
| Total liabilities | 27,101 | 50,694 |
| Commitments and contingencies (Note 7) | - | |
| STOCKHOLDERS’ EQUITY* | ||
| Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding | — | — |
| Class A common stock, $0.01 par value per share, 600,000 shares authorized, 3,726 shares issued and outstanding as of December 31, 2023; 600,000 shares authorized, and 1,599 shares issued and outstanding as of December 31, 2022 * | 36 | 15 |
| Class B common stock, $0.0001 par value per share, 30,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2023; 30,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2022* | — | — |
| Additional paid-in capital* | 268,132 | 264,017 |
| Accumulated deficit | (257,289) | (225,114) |
| Accumulated other comprehensive income | 245 | 55 |
| Total stockholders’ equity attributable to Greenlane Holdings, Inc. | 11,124 | 38,973 |
| Non-controlling interest | (132) | 18 |
| Total stockholders’ equity | 10,992 | 38,991 |
| Total liabilities and stockholders’ equity | $38,093 | $89,685 |
| * | After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.