Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 8,612,000 $ 9,721,000 $ 26,649,000 $ 44,371,000
Cost of Goods Sold 4,618,000 9,763,000 13,360,000 30,213,000
Gross Profit 3,994,000 (42,000) 13,289,000 14,158,000
Operating Expenses:        
Selling, General & Administrative 7,529,000 12,752,000 21,197,000 48,843,000
Impairment Expense 0 107,972,000 0 163,698,000
Loss (Gain) on Disposal of Assets 1,540,000 1,529,000 (199,000) 1,872,000
Total Operating Expenses 9,069,000 122,253,000 20,998,000 214,413,000
Loss from Operations (5,075,000) (122,295,000) (7,709,000) (200,255,000)
Other Income (Expense):        
Interest Expense, Net (944,000) (381,000) (2,155,000) (2,586,000)
Gain on Extinguishment of Debt 0 0 3,026,000 542,000
(Loss) Gain on Settlement of Liabilities (41,000) 0 69,000 0
Income from Employer Retention Credit 1,232,000 0 1,232,000 0
Realized Loss on Sale of Investments 0 0 (61,000) 0
Unrealized Gain (Loss) on Investments 1,333,000 (493,000) 1,333,000 470,000
Other Income (Expense) 442,000 (212,000) 713,000 646,000
Total Other Income (Expense), Net 2,022,000 (1,086,000) 4,157,000 (928,000)
Loss from Continuing Operations Before Provision for Income Taxes (3,053,000) (123,381,000) (3,552,000) (201,183,000)
Provision for Income Tax (Expense) Benefit for Continuing Operations (309,000) 3,450,000 (842,000) 5,586,000
Net Loss from Continuing Operations (3,362,000) (119,931,000) (4,394,000) (195,597,000)
Income from Discontinued Operations Before Provision for Income Taxes 0 25,000 0 3,374,000
Net Income from Discontinued Operations 0 25,000 0 3,374,000
NET LOSS (3,362,000) (119,906,000) (4,394,000) (192,223,000)
Less: Net Income from Discontinued Operations Attributable to Non-Controlling Interest 0 0 0 275,000
NET LOSS ATTRIBUTABLE TO UNRIVALED BRANDS, INC. $ (3,362,000) $ (119,906,000) $ (4,394,000) $ (192,498,000)
Net Loss from Continuing Operations per Common Share Attributable to Unrivaled Brands, Inc. – basic (in dollars per share) $ 0 $ (0.21) $ (0.01) $ (0.33)
Net Loss from Continuing Operations per Common Share Attributable to Unrivaled Brands, Inc. – diluted (in dollars per share) 0 (0.21) (0.01) (0.33)
Net Loss per Common Share Attributable to Unrivaled Brands, Inc. – basic (in dollars per share) 0 (0.21) (0.01) (0.33)
Net Loss per Common Share Attributable to Unrivaled Brands, Inc. – diluted (in dollars per share) $ 0 $ (0.21) $ (0.01) $ (0.33)
Weighted-Average Shares Outstanding - Basic (in shares) 966,467,162 579,942,517 856,575,311 588,887,945
Weighted-Average Shares Outstanding - Diluted (in shares) 966,467,162 579,942,517 856,575,311 588,887,945