Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 33,229 $ 52,015
Cost of Goods Sold 15,565 33,875
Gross Profit 17,664 18,140
Operating Expenses (Income):    
Selling, General & Administrative 30,263 52,684
Impairment Loss 0 163,698
Gain on Disposal of Assets 1,607 (13,432)
Total Operating Expenses 31,870 202,950
Loss from Operations (14,206) (184,810)
Other Income (Expense):    
Interest Expense, Net (3,777) (4,173)
Gain on Extinguishment of Debt 5,441 542
Income from Employer Retention Credit 1,232 0
Loss on Sale of Investments (61) 0
Unrealized Gain on Investments 667 210
Other Income 1,001 1,537
Total Other Income (Expense), Net 4,503 (1,884)
Loss from Continuing Operations Before Provision for Income Taxes (9,703) (186,694)
Provision for Income Tax (Expense) Benefit for Continuing Operations (4,116) 2,784
Net Loss from Continuing Operations (13,819) (183,910)
Loss from Discontinued Operations Before Provision for Income Taxes (311) (4,746)
Provision for Income Tax for Discontinued Operations 0 0
Net Loss from Discontinued Operations (311) (4,746)
Net Loss (14,130) (188,656)
Less: Net Loss from Continuing Operations Attributable to Non-Controlling Interest 0 0
Net Loss Attributable to Non-Controlling Interest 0 275
NET LOSS ATTRIBUTABLE TO UNRIVALED BRANDS, INC. $ (14,130) $ (188,931)
Net Loss from Continuing Operations per Common Share Attributable to Unrivaled Brands, Inc. - Basic and Diluted (in dollars per share) $ (1.69) $ (31.19)
Net Loss per Common Share Attributable to Unrivaled Brands, Inc. - Basic and Diluted (in dollars per share) $ (1.72) $ (32.04)
Weighted-Average Shares Outstanding - Basic and Diluted (in shares) 8,193,853 5,896,062