Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenue $ 8,729,000 $ 18,445,000
Cost of Goods Sold 4,545,000 12,736,000
Gross Profit 4,184,000 5,709,000
Operating Expenses:    
Selling, General & Administrative 7,104,000 17,931,000
Gain on Disposal of Assets 0 (198,000)
Total Operating Expenses 7,104,000 17,733,000
Loss from Operations (2,920,000) (12,024,000)
Other Income (Expense):    
Interest Expense, Net (1,024,000) (1,766,000)
Gain on Extinguishment of Debt 3,026,000 542,000
Gain on Settlement of Liabilities 1,507,000 0
Loss on Sale of Investments (61,000) 0
Other Income, Net 540,000 1,032,000
Total Other Income (Expense), Net 3,988,000 (192,000)
Income (Loss) from Continuing Operations Before Provision for Income Taxes 1,068,000 (12,216,000)
Provision for Income Tax (Expense) Benefit for Continuing Operations (658,000) 1,688,000
Net Income (Loss) from Continuing Operations 410,000 (10,528,000)
Net Income from Discontinued Operations 0 1,930,000
NET INCOME (LOSS) 410,000 (8,598,000)
Less: Net (Loss) Income from Discontinued Operations Attributable to Non-Controlling Interest 0 275,000
NET INCOME (LOSS) ATTRIBUTABLE TO UNRIVALED BRANDS, INC. $ 410,000 $ (8,873,000)
Net Income (Loss) from Continuing Operations per Common Share Attributable to Unrivaled Brands, Inc. – basic (in dollars per share) $ 0 $ (0.02)
Net Income (Loss) from Continuing Operations per Common Share Attributable to Unrivaled Brands, Inc. – diluted (in dollars per share) 0 (0.02)
Net Income (Loss) per Common Share Attributable to Unrivaled Brands, Inc. – basic (in dollars per share) 0 (0.02)
Net Income (Loss) per Common Share Attributable to Unrivaled Brands, Inc. – diluted (in dollars per share) $ 0 $ (0.02)
Weighted-Average Shares Outstanding - Basic (in shares) 815,202,580 561,818,857
Weighted-Average Shares Outstanding - Diluted (in shares) 833,791,151 561,818,857