| Schedule of discontinued operations |
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Total revenues |
|
$ |
- |
|
|
$ |
699 |
|
|
$ |
- |
|
|
$ |
3,275 |
|
Cost of goods sold |
|
|
- |
|
|
|
621 |
|
|
|
- |
|
|
|
2,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
- |
|
|
|
78 |
|
|
|
- |
|
|
|
614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
58 |
|
|
|
1,274 |
|
|
|
58 |
|
|
|
3,868 |
|
Impairment of assets |
|
|
- |
|
|
|
6,316 |
|
|
|
- |
|
|
|
6,316 |
|
Loss on sale of assets |
|
|
- |
|
|
|
9 |
|
|
|
- |
|
|
|
3,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from operations |
|
$ |
(58 |
) |
|
$ |
(7,521 |
) |
|
$ |
(58 |
) |
|
$ |
(12,767 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (loss) |
|
|
2 |
|
|
|
(387 |
) |
|
|
15 |
|
|
|
(376 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations |
|
$ |
(56 |
) |
|
$ |
(7,908 |
) |
|
$ |
(43 |
) |
|
$ |
(13,143 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations per common share attributable to Unrivaled Brands, Inc. common stockholders - basic and diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.08 |
) |
|
| Schedule of assets and liabilities for discontinued operations |
|
|
(in thousands) |
|
|
|
June 30,
2021 |
|
|
December 31,
2020
|
|
Prepaid expenses and other assets |
|
$ |
- |
|
|
$ |
2 |
|
Property, equipment and leasehold improvements, net |
|
|
2,765 |
|
|
|
2,766 |
|
Intangible assets, net |
|
|
- |
|
|
|
- |
|
Goodwill |
|
|
- |
|
|
|
- |
|
Other assets |
|
|
136 |
|
|
|
186 |
|
Assets of discontinued operations |
|
$ |
2,901 |
|
|
$ |
2,954 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
823 |
|
|
$ |
985 |
|
Deferred gain on sale of assets |
|
|
13,533 |
|
|
|
8,783 |
|
Long-term lease liabilities |
|
|
- |
|
|
|
28 |
|
Liabilities of discontinued operations |
|
$ |
14,356 |
|
|
$ |
9,796 |
|
|