Greenlane Holdings, Inc.

For the period ended Dec 31, 2024. Filed Mar 21, 2025.

About this filing

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.

FY2024 · Filed Mar 21, 2025

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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Contents

Consolidated Balance Sheets

(in thousands, except par value per share amounts)

	December 31, 2024	December 31, 2023
ASSETS
Current assets
Cash	$899	$463
Accounts receivable, net of allowance of $2,616 and $2,209 at December 31, 2024 and 2023, respectively	4,262	1,693
Inventories, net	14,215	20,529
Vendor deposits	3,091	3,765
Other current assets (Note 8)	1,305	3,319
Total current assets	23,772	29,769
Property and equipment, net	1,420	2,476
Operating lease right-of-use assets	1,043	1,936
Other assets	2,396	3,912
Total assets	$28,631	$38,093
LIABILITIES
Current liabilities
Accounts payable	$9,787	$12,103
Accrued expenses and other current liabilities (Note 8)	1,218	3,056
Customer deposits	2,661	2,775
Notes payable	7,674	7,283
Current portion of operating leases	926	866
Current portion of finance leases	—	7
Total current liabilities	22,266	26,090
Operating leases, less current portion	83	1,010
Other liabilities	—	1
Total long-term liabilities	83	1,011
Total liabilities	22,349	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, 2,267 shares issued and outstanding as of December 31, 2024; 600,000 shares authorized, and 339 shares issued and outstanding as of December 31, 2023 *	21	36
Class B common stock, $0.0001 par value per share, 30,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2024; 30,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2023*	—	—
Additional paid-in capital*	281,074	268,132
Accumulated deficit	(274,929)	(257,289)
Accumulated other comprehensive income	265	245
Total stockholders’ equity attributable to Greenlane Holdings, Inc.	6,431	11,124
Non-controlling interest	(149)	(132)
Total stockholders’ equity	6,282	10,992
Total liabilities and stockholders’ equity	$28,631	$38,093

*	After giving effect to the Reverse Stock Splits - See Note 9 - Stockholders’ Equity.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.