| Schedule of discontinued operations |
|
|
(in thousands) |
|
|
|
Three Months Ended
June 30,
|
|
|
Six Months
Ended
June 30,
|
|
|
|
2022 |
|
|
2022 |
|
Total Revenues |
|
$ |
1,948 |
|
|
$ |
6,833 |
|
Cost of Goods Sold |
|
|
1,549 |
|
|
|
3,648 |
|
Gross Profit |
|
|
399 |
|
|
|
3,185 |
|
|
|
|
|
|
|
|
|
|
Selling, General & Administrative Expenses |
|
|
1,137 |
|
|
|
3,608 |
|
Gain on Sale of Assets |
|
|
(2,047 |
) |
|
|
(3,728 |
) |
Income from Operations |
|
|
1,309 |
|
|
|
3,305 |
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
(6 |
) |
|
|
(6 |
) |
Other Income |
|
|
21 |
|
|
|
50 |
|
Income from Discontinued Operations Before Provision for Income Taxes |
|
|
1,324 |
|
|
|
3,349 |
|
|
|
|
|
|
|
|
|
|
Income Tax Expense |
|
|
95 |
|
|
|
- |
|
Income from Discontinued Operations |
|
$ |
1,419 |
|
|
$ |
3,349 |
|
|
|
|
|
|
|
|
|
|
Income from Discontinued Operations per Common Share Attributable to Unrivaled Brands, Inc. Common Stockholders - Basic And Diluted |
|
$ |
- |
|
|
$ |
0.01 |
|
|
|
|
(in thousands) |
|
|
|
Year Ended |
|
|
|
December 31,
2022
|
|
|
December 31,
2021
|
|
Total Revenues |
|
$ |
9,257 |
|
|
$ |
18,453 |
|
Cost of Goods Sold |
|
|
5,299 |
|
|
|
12,292 |
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
3,958 |
|
|
|
6,161 |
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
|
|
4,532 |
|
|
|
8,466 |
|
Loss (Gain) on Sale of Assets |
|
|
(4,752 |
) |
|
|
(6,583 |
) |
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
$ |
4,178 |
|
|
$ |
4,278 |
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
(11 |
) |
|
|
(977 |
) |
Other Income |
|
|
27 |
|
|
|
7,806 |
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Discontinued Operations Before Provision for Income Taxes |
|
$ |
4,194 |
|
|
$ |
11,107 |
|
Provision for Income Tax for Discontinued Operations |
|
|
— |
|
|
|
(917 |
) |
Net Income (Loss) from Discontinued Operations, Net of Taxes |
|
$ |
4,194 |
|
|
$ |
10,190 |
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Discontinued Operations per Common Share Attributable to Unrivaled Brands, Inc. Common Stockholders - Basic And Diluted |
|
$ |
0.01 |
|
|
$ |
0.03 |
|
|
| Schedule of major classes of assets and liabilities |
|
|
|
(in thousands) |
|
|
|
December 31,
2021
|
|
Cash |
|
$ |
1,735 |
|
Accounts Receivable, Net |
|
|
2,216 |
|
Inventory |
|
|
2,358 |
|
Prepaid Expenses and Other Assets |
|
|
98 |
|
Property, Equipment and Leasehold Improvements, Net |
|
|
18,225 |
|
Intangible Assets, Net |
|
|
— |
|
Goodwill |
|
|
— |
|
Other Assets |
|
|
811 |
|
Assets of Discontinued Operations |
|
$ |
25,443 |
|
|
|
|
|
|
Accounts Payable and Accrued Expenses |
|
$ |
2,834 |
|
Notes Payable |
|
|
299 |
|
Income Tax Payable |
|
|
917 |
|
Long-Term Lease Liabilities |
|
|
591 |
|
Liabilities of Discontinued Operations |
|
$ |
4,641 |
|
|