v3.24.2.u1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 1,594 $ 416
Accounts Receivable, Net of Allowances of $150 at both June 30, 2024 and December 31, 2023 351 454
Inventory 1,371 1,109
Prepaid Expenses & Other Current Assets 479 372
Notes Receivable 655 645
Assets Related to Discontinued Operations 0 1,697
Total Current Assets 4,450 4,693
Property, Equipment and Leasehold Improvements, Net 7,577 9,185
Operating Lease Right-of-Use Assets 3,436 8,166
Intangible Assets, Net 3,619 530
Goodwill 16,268 0
Other Assets 1,476 1,476
Investments 313 2,067
Long-Term Assets Related to Discontinued Operations 1,112 5,954
TOTAL ASSETS 38,251 32,071
Current Liabilities:    
Accounts Payable & Accrued Liabilities 24,503 16,596
Current Portion of Notes Payable 3,723 22,593
Income Taxes Payable 20,940 9,170
Liabilities Related to Discontinued Operations 535 14,189
Total Current Liabilities 49,701 62,548
Notes Payable, Net of Discounts 5,638 6,485
Deferred Tax Liabilities 1,479 112
Operating Lease Liabilities 3,315 8,446
Derivative Liability 1,923 0
Long-Term Liabilities Related to Discontinued Operations 0 176
TOTAL LIABILITIES 62,056 77,767
COMMITMENTS AND CONTINGENCIES (Note 22)
MEZZANINE EQUITY 681 0
STOCKHOLDERS’ DEFICIT:    
Preferred Stock, Convertible Series V, par value $0.001: 25,000,000 shares authorized; 14,071,431 shares outstanding as of June 30, 2024 and December 31, 2023 1 1
Common Stock, par value $0.001: 990,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 9,744,914 and 8,509,384 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 9 9
Additional Paid-In Capital 409,393 408,473
Accumulated Deficit (433,410) (454,179)
Total Equity Attributable to Stockholders of Blum Holdings, Inc. (24,007) (45,696)
Non-Controlling Interest (479) 0
TOTAL MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT (23,805) (45,696)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT $ 38,251 $ 32,071

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