| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | ||
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current assets | ||||||
Cash | ||||||
47,773 | 52,540 | 69,335 | 2,776 | 7,341 | ||
Accounts receivable, net of allowance of $936 and $658 at December 31, 2019 and 2018, respectively | ||||||
8,091 | 7,591 | 11,913 | 10,808 | 8,218 | ||
Inventories, net | ||||||
43,060 | 47,086 | 48,105 | 36,073 | 29,502 | ||
Vendor deposits | ||||||
11,120 | 10,395 | 7,207 | 7,958 | 7,917 | ||
Deferred offering costs | ||||||
0 | - | - | 2,904 | 2,284 | ||
Other current assets | ||||||
4,924 | 4,635 | 3,424 | 2,623 | 1,843 | ||
Total current assets | ||||||
114,968 | 122,247 | 139,984 | 63,145 | 57,105 | ||
Property, Plant and Equipment, Net | ||||||
13,165 | 12,830 | 12,670 | 12,727 | 11,641 | ||
Finite-Lived Intangible Assets, Net | ||||||
6,301 | 6,501 | 5,653 | 5,984 | 3,662 | ||
Goodwill | ||||||
11,982 | 11,259 | 8,996 | 8,995 | 5,446 | ||
Operating lease right-of-use assets | ||||||
4,695 | 2,280 | 2,063 | 2,239 | 0 | ||
Deferred tax asset | ||||||
- | - | 11,002 | - | - | ||
Other assets | ||||||
2,091 | 2,105 | 581 | - | 167 | ||
Investments | ||||||
- | - | - | 575 | - | ||
Deferred financing costs, net | ||||||
- | - | - | 78 | - | ||
Total assets | ||||||
153,202 | 157,222 | 180,949 | 93,746 | 78,021 | ||
LIABILITIES | ||||||
Current liabilities | ||||||
Accounts payable | ||||||
11,310 | 11,569 | 26,473 | 24,399 | 20,226 | ||
Accrued expenses and other current liabilities | ||||||
10,422 | 9,696 | 7,017 | 9,800 | 6,969 | ||
Customer deposits | ||||||
3,152 | - | - | - | 3,071 | ||
Current portion of notes payable | ||||||
178 | 175 | 173 | 171 | 168 | ||
Current portion of operating leases | ||||||
1,084 | 684 | 643 | 641 | 0 | ||
Current portion of finance leases | ||||||
116 | 115 | 114 | 100 | 0 | ||
Total current liabilities | ||||||
26,262 | 22,239 | 34,420 | 35,113 | 30,434 | ||
Convertible notes | ||||||
0 | 0 | - | 60,312 | 40,200 | ||
Notes payable, less current portion and debt issuance costs, net | ||||||
8,018 | 8,059 | 8,098 | 8,136 | 8,176 | ||
Tax Receivable Agreement liability | ||||||
- | - | 5,721 | - | - | ||
Operating leases, less current portion | ||||||
3,844 | 1,816 | 1,612 | 1,760 | 0 | ||
Finance leases, less current portion | ||||||
194 | 223 | 253 | 236 | 0 | ||
Other liabilities | ||||||
620 | 2,322 | 506 | - | 237 | ||
Line of credit and other liabilities | ||||||
- | - | - | 881 | - | ||
Total long-term liabilities | ||||||
12,676 | 12,420 | 16,190 | 71,327 | 48,613 | ||
Total liabilities | ||||||
38,938 | 34,659 | 50,610 | 106,441 | 79,047 | ||
REDEEMABLE CLASS B UNITS | ||||||
0 | 0 | - | 15,388 | 10,033 | ||
STOCKHOLDERS’ EQUITY/MEMBERS’ DEFICIT | ||||||
Members’ deficit | ||||||
0 | 0 | - | -27,824 | -10,773 | ||
Preferred stock, $0.0001 par value, 10,000 shares authorized, none issued and outstanding as of December 31, 2019 | ||||||
0 | 0 | - | - | 0 | ||
Class A common stock, $0.01 par value per share, 125,000 shares authorized; 9,999 shares issued; and 9,812 shares outstanding as of December 31, 2019 | ||||||
98 | 100 | 100 | - | 0 | ||
Class B common stock, $0.0001 par value per share, 10,000 shares authorized; 5,975 shares issued and outstanding as of December 31, 2019 | ||||||
1 | 1 | 1 | - | 0 | ||
Class C Common stock, $0.0001 par value per share, 100,000 shares authorized; 77,791 shares issued and outstanding as of December 31, 2019 | ||||||
8 | 8 | 8 | - | 0 | ||
Additional paid-in capital | ||||||
32,108 | 32,129 | 31,472 | - | 0 | ||
Accumulated deficit | ||||||
-9,727 | -6,741 | -343 | - | 0 | ||
Accumulated other comprehensive loss | ||||||
-72 | -133 | -56 | -258 | -286 | ||
Total stockholders’ equity attributable to Greenlane Holdings, Inc./members’ deficit | ||||||
22,416 | 25,364 | 31,182 | - | -11,059 | ||
Non-controlling interest | ||||||
91,848 | 97,199 | 99,157 | - | 0 | ||
Total stockholders’ equity/members’ deficit | ||||||
114,264 | 122,563 | 130,339 | -28,083 | -11,059 | ||
Total liabilities, redeemable Class B units and stockholders’ equity/members’ deficit | ||||||
153,202 | 157,222 | 180,949 | 93,746 | 78,021 | ||