Greenlane Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 14, 2024
GNLN$1.16+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except par value per share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash | $2,309 | $463 |
| Accounts receivable, net of allowance of $2,251 and $2,209 at September 30, 2024 and December 31, 2023, respectively | 2,313 | 1,693 |
| Inventories, net | 16,013 | 20,529 |
| Vendor deposits | 3,725 | 3,765 |
| Other current assets (Note 8) | 2,279 | 3,319 |
| Total current assets | 26,639 | 29,769 |
| Property and equipment, net | 2,015 | 2,476 |
| Operating lease right-of-use assets | 1,271 | 1,936 |
| Other assets | 3,894 | 3,912 |
| Total assets | $33,819 | $38,093 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable | $10,885 | $12,103 |
| Accrued expenses and other current liabilities (Note 8) | 2,521 | 3,056 |
| Customer deposits | 1,255 | 2,775 |
| Notes payable, net of debt discount | 8,626 | 7,283 |
| Current portion of operating leases | 886 | 866 |
| Current portion of finance leases | — | 7 |
| Total current liabilities | 24,173 | 26,090 |
| Operating leases, less current portion | 326 | 1,010 |
| Other liabilities | — | 1 |
| Total long-term liabilities | 326 | 1,011 |
| Total liabilities | 24,499 | 27,101 |
| 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, 972 shares issued and outstanding as of September 30, 2024; 600,000 shares authorized, 339 shares issued and outstanding as of December 31, 2023* | 8 | 3 |
| Class B common stock, $0.0001 par value per share, 30,000 shares authorized, and 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023* | — | — |
| Additional paid-in capital* | 275,365 | 268,165 |
| Accumulated deficit | (266,152) | (257,289) |
| Accumulated other comprehensive income | 248 | 245 |
| Total stockholders’ equity attributable to Greenlane Holdings, Inc. | 9,469 | 11,124 |
| Non-controlling interest | (149) | (132) |
| Total stockholders’ equity | 9,320 | 10,992 |
| Total liabilities and stockholders’ equity | $33,819 | $38,093 |
| * | 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.