Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.22.1
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Operating results for the discontinued operations were comprised of the following:
(in thousands)
Three Months Ended
March 31,
2022 2021
Total revenues $ 2,605  $ 3,055 
Cost of goods sold 543  815 
Gross profit 2,062  2,240 
Selling, general and administrative expenses 1,635  1,475 
(Gain) / Loss on sale of assets (1,682) — 
Income (Loss) from operations $ 2,109  $ 765 
Interest expense —  (327)
Other income (expense) 26  — 
Income tax expense (95) — 
Income (Loss) from discontinued operations $ 2,040  $ 438 
Income (Loss) from discontinued operations per common share attributable to Unrivaled Brands, Inc. common stockholders - basic and diluted $ 0.00  $ 0.00 
Schedule of Assets and Liabilities for Discontinued Operations
The carrying amounts of the major classes of assets and liabilities for the discontinued operations are as follows:
(in thousands)
March 31,
2022		 December 31,
2021
Cash $ 863  $ 1,544 
Accounts receivable, net 2,261  1,553 
Inventory 2,434  1,359 
Prepaid expenses and other assets 86  39 
Property, equipment and leasehold improvements, net 4,516  17,661 
Other assets 300  323 
Assets of discontinued operations $ 10,460  $ 22,479 
Accounts payable and accrued expenses $ 1,198  $ 1,170 
Income taxes payable 1,012  917 
Long-term lease liabilities 150  184 
Liabilities of discontinued operations $ 2,360  $ 2,271