Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,200 $ 6,700
Accounts Receivable 313 4,013
Inventory 1,939 6,180
Prepaid Expenses & Other Assets 498 1,215
Notes Receivable 625 750
Assets Held for Sale 0 6,406
Total Current Assets 4,575 25,264
Property, Equipment and Leasehold Improvements, Net 13,000 23,164
Intangible Assets, Net 2,859 129,637
Goodwill 3,585 48,132
Other Assets 16,279 26,426
Investments 210 164
Long-Term Assets Held for Sale 0 19,037
TOTAL ASSETS 40,508 271,824
Current Liabilities:    
Accounts Payable & Accrued Liabilities 19,410 30,238
Current Portion of Notes Payable 29,662 45,451
Income Taxes Payable 10,071 7,969
Liabilities Held for Sale 0 4,050
Total Current Liabilities 59,143 87,708
Notes Payable, Net of Current Portion and Discounts 4,814 10,006
Deferred Tax Liabilities 0 6,123
Lease Liabilities 13,088 20,909
Long-Term Liabilities Held for Sale 0 591
TOTAL LIABILITIES 77,045 125,337
COMMITMENTS AND CONTINGENCIES (Note 23)
STOCKHOLDERS’ (DEFICIT) EQUITY:    
990,000,000 shares authorized as of December 31, 2022 and 2021; 679,513,556 and 498,546,295 shares outstanding as of December 31, 2022 and 2021, respectively 701 521
'Treasury Stock: 2,308,412 shares of common stock as of December 31, 2022 and 2021 (808) (808)
Additional Paid-In Capital 403,619 392,930
Accumulated Deficit (440,049) (250,015)
Total Equity Attributable to Stockholders of Unrivaled Brands, Inc. (36,537) 142,628
Non-Controlling Interest 0 3,859
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY (36,537) 146,487
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 40,508 $ 271,824