Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 40,283,000 $ 888,000
Accounts receivable, net 2,202,000 835,000
Short term investments 0 34,045,000
Inventory 2,590,000 1,602,000
Prepaid expenses and other assets 1,038,000 234,000
Current assets of discontinued operations 0 2,000
Total current assets 46,113,000 37,606,000
Property, equipment and leasehold improvements, net 31,214,000 32,480,000
Intangible assets, net 7,339,000 7,714,000
Goodwill 6,171,000 6,171,000
Other assets 12,733,000 13,040,000
Investments 330,000 330,000
Assets of discontinued operations 2,901,000 2,953,000
TOTAL ASSETS 106,801,000 100,294,000
Current liabilities:    
Accounts payable and accrued expenses 10,550,000 8,621,000
Short-term debt 11,775,000 8,033,000
Current liabilities of discontinued operations 14,356,000 9,768,000
Total current liabilities 36,681,000 26,422,000
Long-term liabilities:    
Long-term debt, net of discounts 3,500,000 6,632,000
Long-term lease liabilities 7,094,000 8,082,000
Long-term liabilities of discontinued operations 0 28,000
Total long-term liabilities 10,594,000 14,742,000
Total liabilities 47,275,000 41,164,000
STOCKHOLDERS' EQUITY:    
Common stock, par value 0.001:990,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 236,555,408 shares issued and 234,247,000 shares outstanding as of June 30, 2021; 196,512,867 shares issued and 194,204,459 shares outstanding as of December 31, 2020. 258,000 218,000
Additional paid-in capital 291,026,000 275,060,000
Treasury stock (2,308,408 shares of common stock, 12 shares of Preferred Stock Convertible Series A) (808,000) (808,000)
Accumulated deficit (234,927,000) (219,803,000)
Total Unrivaled Brands Inc. stockholders' equity 55,549,000 54,667,000
Non-controlling interest 3,977,000 4,463,000
Total stockholders' equity 59,526,000 59,130,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 106,801,000 $ 100,294,000