Charlottes Web Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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
CWBHFStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
- Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, (unaudited) | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(26,478) | $(15,211) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 7,505 | 11,509 |
| Inventory provision | 3,926 | 730 |
| Convertible debenture and other accrued interest | 2,836 | 2,916 |
| Share-based compensation | 1,296 | 1,646 |
| Changes in right-of-use assets | 1,373 | 1,453 |
| Allowance for credit losses | 138 | 1,187 |
| Change in fair value of financial instruments | (702) | (5,588) |
| Gain on initial investment in unconsolidated entity | — | (10,700) |
| Gain on foreign currency transaction | (870) | (63) |
| Other | 524 | 1,657 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (167) | (1,151) |
| Inventories, net | (1,884) | 3,593 |
| Prepaid expenses and other current assets | 1,305 | (589) |
| Accounts payable, accrued and other liabilities | (1,266) | (328) |
| Operating lease obligations | (1,701) | (1,722) |
| License and media rights | (5,000) | (6,000) |
| Income taxes receivable | — | 4,261 |
| Other operating assets and liabilities, net | (304) | (449) |
| Net cash used in operating activities | (19,469) | (12,849) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment and intangible assets | (3,631) | (3,015) |
| Proceeds from sale of assets | 33 | 119 |
| Net cash used in investing activities | (3,598) | (2,896) |
| Cash flows from financing activities: | ||
| Other financing activities | (133) | (202) |
| Net cash used in financing activities | (133) | (202) |
| Net decrease in cash and cash equivalents | (23,200) | (15,947) |
| Cash and cash equivalents —beginning of period | 47,820 | 66,963 |
| Cash and cash equivalents —end of period | $24,620 | $51,016 |
| Non-cash activities: | ||
| Non-cash purchase of property and equipment and intangible assets | (8) | (81) |
| Non-cash issuance of note receivable | — | (142) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.