GrowGeneration Corp
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
GRWG$1.51-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
(in thousands, except shares)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $29,757 | $40,054 |
| Marketable securities | 35,212 | 31,852 |
| Accounts receivable, net of allowance for credit losses of $1.4 million and $0.7 million at December 31, 2023 and 2022, respectively | 8,895 | 8,336 |
| Notes receivable, long-term, net of allowance for credit losses of $1.7 million and $1.3 million at December 31, 2023 and 2022, respectively | 193 | 1,214 |
| Inventory | 64,905 | 77,091 |
| Prepaid income taxes | 516 | 5,679 |
| Prepaid and other current assets | 7,973 | 6,455 |
| Total current assets | 147,451 | 170,681 |
| Property and equipment, net | 27,052 | 28,669 |
| Operating leases right-of-use assets, net | 39,933 | 46,433 |
| Notes receivable, long-term | 106 | — |
| Intangible assets, net | 16,180 | 30,878 |
| Goodwill | 7,525 | 15,978 |
| Other assets | 843 | 803 |
| TOTAL ASSETS | $239,090 | $293,442 |
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $11,666 | $15,728 |
| Accrued liabilities | 2,530 | 1,535 |
| Payroll and payroll tax liabilities | 2,169 | 4,671 |
| Customer deposits | 5,359 | 4,338 |
| Sales tax payable | 1,185 | 1,341 |
| Current maturities of operating lease liability | 8,021 | 8,131 |
| Current portion of long-term debt | — | 50 |
| Total current liabilities | 30,930 | 35,794 |
| Operating lease liability, net of current maturities | 34,448 | 40,659 |
| Other long-term liabilities | 317 | 593 |
| Total liabilities | 65,695 | 77,046 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ Equity: | ||
| Common stock; $.001 par value; 100,000,000 shares authorized; 61,483,762 and 61,010,155 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 61 | 61 |
| Additional paid-in capital | 373,433 | 369,938 |
| Retained earnings (deficit) | (200,099) | (153,603) |
| Total stockholders’ equity | 173,395 | 216,396 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $239,090 | $293,442 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.