Greenlane Holdings Inc
For the period ended Sep 30, 2023. Filed Jan 9, 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, 2023 · Filed Jan 9, 2024
GNLN$1.14-1.7%Stored close · as of Nov 10, 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 30,2023 | December 31,2022 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash | $2,443 | $6,458 |
| Restricted cash | — | 5,718 |
| Accounts receivable, net of allowance of $4,208 and $4,826 at September 30, 2023 and December 31, 2022, respectively | 1,925 | 6,468 |
| Inventories, net | 22,638 | 40,643 |
| Vendor deposits | 3,351 | 6,296 |
| Other current assets (Note 8) | 7,152 | 11,120 |
| Total current assets | 37,509 | 76,703 |
| Property and equipment, net | 3,237 | 3,962 |
| Operating lease right-of-use assets | 2,163 | 3,442 |
| Other assets | 5,539 | 5,578 |
| Total assets | $48,448 | $89,685 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable | $11,909 | $14,953 |
| Accrued expenses and other current liabilities (Note 8) | 9,396 | 11,882 |
| Customer deposits | 2,410 | 3,983 |
| Current portion of notes payable (Note 6) | 6,978 | 3,185 |
| Current portion of operating leases | 898 | 1,528 |
| Current portion of finance leases | 128 | 128 |
| Total current liabilities | 31,719 | 35,659 |
| Notes payable, less current portion and debt issuance costs, net (Note 6) | — | 13,040 |
| Operating leases, less current portion | 1,238 | 1,887 |
| Finance leases, less current portion | — | 29 |
| Other liabilities | 80 | 79 |
| Total long-term liabilities | 1,318 | 15,035 |
| Total liabilities | 33,037 | 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; 3,448 shares issued and outstanding as of September 30, 2023; 1,599 shares issued and outstanding as of December 31, 2022* | 33 | 15 |
| Class B common stock, $0.0001 par value per share, 30,000 shares authorized; 0 shares issued and outstanding as of September 30, 2023; 0 shares issued and outstanding as of December 31, 2022* | — | — |
| Additional paid-in capital* | 268,105 | 264,017 |
| Accumulated deficit | (252,956) | (225,114) |
| Accumulated other comprehensive income | 238 | 55 |
| Total stockholders’ equity attributable to Greenlane Holdings, Inc. | 15,420 | 38,973 |
| Non-controlling interest | (9) | 18 |
| Total stockholders’ equity | 15,411 | 38,991 |
| Total liabilities and stockholders’ equity | $48,448 | $89,685 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.