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

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Segment Information (Tables)

Note 19 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	(in thousands)											(in thousands)
	*Total Revenue*					*% of Total Revenue*						*Total Revenue*				*% of Total Revenue*
	*Three Months Ended September 30,*											*Nine Months Ended September 30,*
	*2024*		*2023*			*2024*			*2023*			*2024*		*2023*		*2024*			*2023*
Cannabis Retail	$	4,283	$	1,727			98.1	%		111.5	%	$	9,793	$	5,295		98.6	%		93.0	%
Cannabis Distribution		81		(178	)		1.9	%		(11.5	)%		140		400		1.4	%		7.0	%
Total	$	4,364	$	1,549			100.0	%		100.0	%	$	9,933	$	5,695		100.0	%		100.0	%

	(in thousands)
	*Three Months Ended September 30, 2024*												*Three Months Ended September 30, 2023*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	4,283		$	81		$	—		$	4,364		$	1,727		$	(178	)	$	—		$	1,549
Cost of Goods Sold		1,974			(58	)		—			1,916			1,056			(33	)		—			1,023
Gross Profit		2,309			139			—			2,448			671			(145	)		—			526
Gross Profit %		53.9	%		171.6	%								38.9	%		81.5	%

Selling, General & Administrative		2,563			111			1,615			4,289			1,521			185			3,207			4,913
(Gain) Loss on Disposal of Assets		32			—			327			359			1,541			—			(1	)		1,540
Loss from Operations		(286	)		28			(1,942	)		(2,200	)		(2,391	)		(330	)		(3,206	)		(5,927	)

Other Income (Expense):
Interest Expense		(207	)		—			(458	)		(665	)		—			—			(944	)		(944	)
Change in Fair Value of Derivative Liability		—			—			(550	)		(550	)		—			—			—			—
Gain on Settlement of Liabilities		—			—			—			—			33			—			(33	)		—
Income from Employer Retention Credit		—			—			(361	)		(361	)		—			—			1,232			1,232
Unrealized Loss on Investments		—			—			520			520			—			—			1,333			1,333
Other Income (Expense)		61			—			(1	)		60			305			63			376			744
Total Other Income (Expense), Net		(146	)		—			(850	)		(996	)		338			63			1,964			2,365

Income (Loss) Before Provision for Income Taxes	$	(432	)	$	28		$	(2,792	)	$	(3,196	)	$	(2,053	)	$	(267	)	$	(1,242	)	$	(3,562	)

Total Assets	$	26,388		$	574		$	11,716		$	38,678		$	14,925		$	4,252		$	17,354		$	36,531

	(in thousands)
	*Nine Months Ended September 30, 2024*												*Nine Months Ended September 30, 2023*
	*Cannabis*			*Cannabis*			*Corporate &*						*Cannabis*			*Cannabis*			*Corporate &*
	*Retail*			*Distribution*			*Other*			*Total*			*Retail*			*Distribution*			*Other*			*Total*
Total Revenues	$	9,793		$	140		$	—		$	9,933		$	5,295		$	400		$	—		$	5,695
Cost of Goods Sold		4,815			280			—			5,095			2,759			217			—			2,976
Gross Profit		4,978			(140	)		—			4,838			2,536			183			—			2,719
Gross Profit %		50.8	%		(100.0	)%								47.9	%		45.8	%

Selling, General & Administrative Expenses		6,490			229			8,120			14,839			2,625			522			10,988			14,135
Impairment Expense		—			—			1,709			1,709			—			—			—			—
(Gain) Loss on Disposal of Assets		206			(40	)		327			493			1,541			—			66			1,607
Loss from Operations		(1,718	)		(329	)		(10,156	)		(12,203	)		(1,630	)		(339	)		(11,054	)		(13,023	)

Other Income (Expense):
Interest Expense		(556	)		—			(1,236	)		(1,792	)		—			—			(1,238	)		(1,238	)
Gain on Extinguishment of Debt		—			—			15,182			15,182			—			—			3,026			3,026
Change in Fair Value of Derivative Liability		—			—			(680	)		(680	)		—			—			—			—
Gain (Loss) on Settlement of Liabilities		—			—			—			—			33			—			(33	)		—
Income from Employer Retention Credit		—			—			—			—			—			—			1,232			1,232
Realized Loss on Investments		—			—			—			—			—			—			(61	)		(61	)
Unrealized Gain on Investments		—			—			167			167			—			—			1,333			1,333
Other Income		207			—			1			208			5			63			640			708
Total Other Income (Expense), Net		(349	)		—			13,434			13,085			38			63			4,899			5,000

Income (Loss) Before Provision for Income Taxes	$	(2,067	)	$	(329	)	$	3,278		$	882		$	(1,592	)	$	(276	)	$	(6,155	)	$	(8,023	)

Total Assets	$	26,388		$	574		$	11,716		$	38,678		$	14,925		$	4,252		$	17,354		$	36,531