Charlottes Web 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
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Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
- Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| September 30, | December 31, | |
|---|---|---|
| 2024 (unaudited) | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $24,620 | $47,820 |
| Accounts receivable, net | 1,605 | 1,950 |
| Inventories, net | 19,532 | 21,538 |
| Prepaid expenses and other current assets | 4,236 | 6,864 |
| Total current assets | 49,993 | 78,172 |
| Property and equipment, net | 27,102 | 27,513 |
| License and media rights | 14,816 | 17,070 |
| Operating lease right-of-use assets, net | 13,275 | 14,601 |
| Investment in unconsolidated entity | 11,400 | 11,000 |
| SBH purchase option and other derivative assets | 1,328 | 2,602 |
| Intangible assets, net | 1,082 | 887 |
| Other long-term assets | 648 | 703 |
| Total assets | $119,644 | $152,548 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $3,357 | $2,860 |
| Accrued and other current liabilities | 5,601 | 8,682 |
| Lease obligations – current | 2,316 | 2,252 |
| License and media rights payable - current | 5,209 | 9,852 |
| Total current liabilities | 16,483 | 23,646 |
| Convertible debenture | 45,170 | 42,528 |
| Lease obligations | 13,937 | 15,655 |
| License and media rights payable | 11,636 | 11,338 |
| Derivatives and other long-term liabilities | 2,175 | 3,823 |
| Total liabilities | 89,401 | 96,990 |
| Commitments and contingencies (Note 7) | ||
| Shareholders’ equity: | ||
| Common shares, nil par value; unlimited shares authorized; 157,762,229 and 154,332,366 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | 1 | 1 |
| Additional paid-in capital | 328,443 | 327,280 |
| Accumulated deficit | (298,201) | (271,723) |
| Total shareholders’ equity | 30,243 | 55,558 |
| Total liabilities and shareholders’ equity | $119,644 | $152,548 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.