Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.22.2.2
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Operating results for the discontinued operations were comprised of the following:
(in thousands)
Three Months Ended
June 30,		 Six Months Ended
June 30,
2022 2021 2022 2021
Total revenues $ —  $ 3,391  $ 2,605  $ 6,446 
Cost of goods sold (23) 3,776  520  4,591 
Gross profit 23  (385) 2,085  1,855 
Selling, general and administrative expenses 228  1,561  1,862  3,036 
Impairment of assets —  —  —  — 
(Gain) loss on sale of assets (2,048) 5  (3,729) 6 
Income (loss) from operations $ 1,843  $ (1,951) $ 3,952  $ (1,187)
Interest expense —  (150) —  (476)
Other income —  —  27  — 
Income tax benefit 95  —  —  — 
Net income (loss) from discontinued operations $ 1,938  $ (2,101) $ 3,979  $ (1,663)
Loss from discontinued operations per common share attributable to Unrivaled Brands, Inc. common stockholders - basic and diluted $ (0.01) $ (0.01) $ —  $ (0.01)
Schedule of Assets and Liabilities for Discontinued Operations
The carrying amounts of the major classes of assets and liabilities for the discontinued operations are as follows:
(in thousands)
December 31,
2021
Cash $ 1,544 
Accounts receivable, net 1,553 
Inventory 1,359 
Prepaid expenses and other assets 39 
Property, equipment and leasehold improvements, net 17,661 
Other assets 323 
Assets of discontinued operations $ 22,479 
Accounts payable and accrued expenses $ 1,170 
Income taxes payable 917 
Long-term lease liabilities 184 
Liabilities of discontinued operations $ 2,271