Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.21.2
DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Jun. 30, 2021
DISCONTINUED OPERATIONS  
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