Charlotte's Web Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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FY2024 · Filed Mar 19, 2025
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Consolidated Financial Statements: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $22,618 | $47,820 |
| Accounts receivable, net | 1,263 | 1,950 |
| Inventories, net | 18,907 | 21,538 |
| Prepaid expenses and other current assets | 4,194 | 6,864 |
| Total current assets | 46,982 | 78,172 |
| Property and equipment, net | 26,337 | 27,513 |
| License and media rights | 13,691 | 17,070 |
| Operating lease right-of-use assets, net | 12,876 | 14,601 |
| Investment in unconsolidated entity | 10,800 | 11,000 |
| SBH purchase option and other derivative assets | 1,075 | 2,602 |
| Intangible assets, net | 1,049 | 887 |
| Other long-term assets | 632 | 703 |
| Total assets | $113,442 | $152,548 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $3,426 | $2,860 |
| Accrued and other current liabilities | 5,246 | 8,682 |
| Lease obligations – current | 2,055 | 2,252 |
| License and media rights payable - current | 5,209 | 9,852 |
| Total current liabilities | 15,936 | 23,646 |
| Convertible debenture | 43,631 | 42,528 |
| Lease obligations | 13,652 | 15,655 |
| License and media rights payable | 11,809 | 11,338 |
| Derivative and other long-term liabilities | 1,327 | 3,823 |
| Total liabilities | 86,355 | 96,990 |
| Commitments and contingencies (Note 9) | ||
| Shareholders’ equity: | ||
| Common shares, nil par value; unlimited shares authorized; 158,009,541 and 154,332,366 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 1 | 1 |
| Additional paid-in capital | 328,655 | 327,280 |
| Accumulated deficit | (301,569) | (271,723) |
| Total shareholders’ equity | 27,087 | 55,558 |
| Total liabilities and shareholders’ equity | $113,442 | $152,548 |
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