CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
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| CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
| Total revenues | $ 6,262,000 | $ 2,706,000 | $ 11,375,000 | $ 6,753,000 |
| Cost of goods sold | 3,924,000 | 1,458,000 | 6,604,000 | 3,181,000 |
| Gross profit | 2,338,000 | 1,248,000 | 4,771,000 | 3,572,000 |
| Selling, general and administrative expenses | 6,188,000 | 6,279,000 | 20,325,000 | 14,820,000 |
| Impairment of assets | 0 | 4,998,000 | 0 | 10,118,000 |
| Loss (gain) on sale of assets | 6,000 | 0 | 6,000 | (35,000) |
| Loss from operations | (3,856,000) | (10,029,000) | (15,560,000) | (21,331,000) |
| Other income (expense): | ||||
| Loss on extinguishment of debt | 0 | 0 | (6,161,000) | 0 |
| Interest expense, net | (204,000) | (454,000) | (604,000) | (1,356,000) |
| Other income/loss | 17,000 | (89,000) | 362,000 | (23,000) |
| Gain (loss) on sale of investment | (874,000) | 0 | 5,337,000 | 0 |
| Total other income (expense) | (1,061,000) | (543,000) | (1,066,000) | (1,379,000) |
| Loss from continuing operations | (4,917,000) | (10,572,000) | (16,626,000) | (22,710,000) |
| Loss from discontinued operations, net of tax | (56,000) | (7,908,000) | (42,000) | (13,143,000) |
| NET LOSS | (4,973,000) | (18,480,000) | (16,669,000) | (35,853,000) |
| Less: Income (loss) attributable to non-controlling interest from continuing operations | (868,000) | (298,000) | (486,000) | (341,000) |
| NET LOSS ATTRIBUTABLE TO UNRIVALED BRANDS, INC. | $ (4,105,000) | $ (18,182,000) | $ (16,183,000) | $ (35,512,000) |
| Loss from continuing operations per common share attributable to Unrivaled Brands, Inc. common stockholders - basic and diluted | $ (0.02) | $ (0.06) | $ (0.07) | $ (0.13) |
| Net Loss per common share attributable to Unrivaled Brands Inc. common stockholders - basic and diluted | $ (0.02) | $ (0.10) | $ (0.07) | $ (0.20) |
| Weighted-average number of common shares outstanding - basic and diluted | 258,897,777 | 186,068,175 | 248,066,926 | 174,781,579 |
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- Definition The difference between the carrying value and the sale price of an investment. A gain would be recognized when the sale price of the investment is greater than the carrying value of the investment. This element refers to the Gain included in earnings an No definition available.
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- References No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets utilized in financial service operations. No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, nonoperating income (expense) and income (loss) from equity method investments, before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of interest income (expense). No definition available.
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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