Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property, Equipment and Leasehold Improvements

Note 6 - Property, Equipment and Leasehold Improvements

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Property, equipment, and leasehold improvements consisted of the following:

	(in thousands)
	*March 31,*			*December 31,*
	*2024*			*2023*
Land and Building	$	7,581		$	7,581
Furniture and Equipment		354			354
Computer Hardware		343			343
Leasehold Improvements		5,495			5,487
Vehicles		57			57
Construction in Progress		908			908
Subtotal		14,738			14,730
Less Accumulated Depreciation		(5,048	)		(4,964	)
Property, Equipment and Leasehold Improvements, Net	$	9,690		$	9,766

Depreciation expense related to continuing operations was $0.09 million and $0.12 million for the three months ended March 31, 2024 and 2023, respectively.

All property, equipment and leasehold improvements related to discontinued operations are separately presented from the consolidated balance sheets as of March 31, 2024 and December 31, 2023. Refer to "Note 15 - Discontinued Operations".