v3.24.2.u1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 3,795 $ 2,267 $ 5,569 $ 4,146
Cost of Goods Sold 2,203 1,086 3,179 1,953
Gross Profit 1,592 1,181 2,390 2,193
Operating Expenses:        
Selling, General & Administrative 6,331 5,701 10,550 9,222
Impairment Loss 1,709 0 1,709 0
Loss on Disposal of Assets 134 67 134 67
Total Operating Expenses 8,174 5,768 12,393 9,289
Loss from Operations (6,582) (4,587) (10,003) (7,096)
Other Income (Expense):        
Interest Expense, Net (750) (114) (1,127) (294)
Gain on Extinguishment of Debt 15,182 0 15,182 3,026
Change in Fair Value of Derivative Liability (130) 0 (130) 0
Income from Employer Retention Credit 361 0 361 0
Realized Loss on Investments 0 0 0 (61)
Unrealized Loss on Long-Term Investments (770) 0 (353) 0
Other Income (Expense) 83 (36) 148 (36)
Total Other Income (Expense) 13,976 (150) 14,081 2,635
Income (Loss) from Continuing Operations Before Provision for Income Taxes 7,394 (4,737) 4,078 (4,461)
Provision for Income Tax (Expense) Benefit for Continuing Operations (262) 125 (314) (533)
Net Income (Loss) from Continuing Operations 7,132 (4,612) 3,764 (4,994)
Less: Net Income from Discontinued Operations 16,232 1,364 16,549 2,156
Net Income (Loss) 23,364 (3,248) 20,313 (2,838)
Less: Net Loss from Continuing Operations Attributable to Non-Controlling Interest (479) 0 (479) 0
NET INCOME (LOSS) ATTRIBUTABLE TO BLUM HOLDINGS, INC. $ 23,843 $ (3,248) $ 20,792 $ (2,838)
Net Income (Loss) from Continuing Operations per Common Share - Basic (in dollars per share) $ 0.78 $ (0.55) $ 0.42 $ (0.59)
Net Income (Loss) from Continuing Operations per Common Share - Diluted (in dollars per share) $ 0.65 $ (0.55) $ 0.35 $ (0.59)
Weighted-Average Shares Outstanding - Basic (in shares) 9,172,608 8,352,745 8,945,449 8,516,196
Weighted-Average Shares Outstanding - Diluted (in shares) 11,038,499 8,352,745 10,811,340 8,516,196

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