| Schedule of discontinued operations |
|
|
(in thousands) |
|
|
(in thousands) |
|
|
|
Three Months
ended September 30, |
|
|
Nine Months
ended September 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Total revenues |
|
$ |
- |
|
|
$ |
203 |
|
|
$ |
- |
|
|
$ |
3,478 |
|
Cost of goods sold |
|
|
- |
|
|
|
94 |
|
|
|
- |
|
|
|
2,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
- |
|
|
|
109 |
|
|
|
- |
|
|
|
723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
233 |
|
|
|
1,355 |
|
|
|
291 |
|
|
|
5,224 |
|
Impairment of Assets |
|
|
- |
|
|
|
4,043 |
|
|
|
- |
|
|
|
10,359 |
|
(Gain) / Loss on sale of assets |
|
|
(6,588 |
) |
|
|
(1,203 |
) |
|
|
(6,589 |
) |
|
|
1,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from operations |
|
$ |
6,355 |
|
|
$ |
(4,086 |
) |
|
$ |
6,298 |
|
|
$ |
(16,854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense) |
|
|
(43 |
) |
|
|
(113 |
) |
|
|
(28 |
) |
|
|
(489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations |
|
$ |
6,312 |
|
|
$ |
(4,199 |
) |
|
$ |
6,270 |
|
|
$ |
(17,343 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from discontinued operations per common share attributable to Unrivaled Brands, Inc. common stockholders - basic and diluted |
|
$ |
0.02 |
|
|
$ |
(0.02 |
) |
|
$ |
0.03 |
|
|
$ |
(0.10 |
) |
|
| Schedule of assets and liabilities for discontinued operations |
|
|
(in thousands) |
|
|
|
September 30,
2021 |
|
|
December 31,
2020 |
|
Prepaid expenses and other assets |
|
$ |
- |
|
|
$ |
2 |
|
Property, equipment and leasehold improvements, net |
|
|
- |
|
|
|
2,766 |
|
Other assets |
|
|
109 |
|
|
|
186 |
|
|
|
|
|
|
|
|
|
|
Assets of discontinued operations |
|
$ |
109 |
|
|
$ |
2,954 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
826 |
|
|
$ |
985 |
|
Deferred gain on sale of assets |
|
|
7,806 |
|
|
|
8,783 |
|
Short-term debt |
|
|
562 |
|
|
|
- |
|
Long-term lease liabilities |
|
|
- |
|
|
|
28 |
|
Liabilities of discontinued operations |
|
$ |
9,124 |
|
|
$ |
9,796 |
|
|