Charlottes Web Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
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Consolidated Financial Statements: Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $47,820 | $66,963 |
| Accounts receivable, net | 1,950 | 1,847 |
| Inventories, net | 21,538 | 26,953 |
| Prepaid expenses and other current assets | 6,864 | 7,998 |
| Total current assets | 78,172 | 103,761 |
| Property and equipment, net | 27,513 | 29,330 |
| License and media rights | 17,070 | 26,871 |
| Operating lease right-of-use assets, net | 14,601 | 16,519 |
| Investment in unconsolidated entity | 11,000 | — |
| SBH purchase option and other derivative assets | 2,602 | 3,620 |
| Intangible assets, net | 887 | 1,771 |
| Other long-term assets | 703 | 5,770 |
| Total assets | $152,548 | $187,642 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,860 | $4,018 |
| Accrued and other current liabilities | 8,682 | 7,344 |
| Lease obligations – current | 2,252 | 2,306 |
| License and media rights payable - current | 9,852 | 7,759 |
| Total current liabilities | 23,646 | 21,427 |
| Convertible debenture | 42,528 | 37,421 |
| Lease obligations | 15,655 | 17,905 |
| License and media rights payable | 11,338 | 20,383 |
| Derivative and other long-term liabilities | 3,823 | 13,001 |
| Total liabilities | 96,990 | 110,137 |
| Commitments and contingencies (Note 9) | ||
| Shareholders’ equity: | ||
| Common shares, nil par value; unlimited shares authorized; 154,332,366 and 152,135,026 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 1 | 1 |
| Additional paid-in capital | 327,280 | 325,431 |
| Accumulated deficit | (271,723) | (247,927) |
| Total shareholders’ equity | 55,558 | 77,505 |
| Total liabilities and shareholders’ equity | $152,548 | $187,642 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.