Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 7,263 $ 6,891
Accounts receivable, net 855 4,677
Inventory, net 6,038 7,179
Prepaid expenses and other assets 3,084 1,272
Notes receivable 375 750
Current assets held for sale 582 4,495
Total current assets 18,197 25,264
Property, equipment and leasehold improvements, net 21,416 23,728
Intangible assets, net 102,772 129,637
Goodwill 14,506 48,132
Other assets 19,359 26,915
Investments 1,214 163
Long-term assets held for sale 2,791 17,984
TOTAL ASSETS 180,255 271,824
Current liabilities:    
Accounts payable and accrued expenses 37,148 31,904
Short-term debt 26,532 45,749
Income taxes payable 9,913 7,969
Current liabilities held for sale 1,851 2,087
Total current liabilities 75,444 87,708
Long-term liabilities:    
Long-term debt, net of discounts 7,638 10,006
Deferred tax liabilities 3,986 6,123
Long-term lease liabilities 14,471 21,316
Long-term liabilities held for sale 1,465 184
Total long-term liabilities 27,560 37,629
Total liabilities 103,004 125,337
STOCKHOLDERS’ EQUITY:    
Common stock 554 521
Additional paid-in capital 401,214 392,930
Treasury stock: 2,308,408 shares of common stock as of June 30, 2022 and December 31, 2021 (808) (808)
Accumulated deficit (323,710) (250,015)
Total Unrivaled Brands, Inc. Stockholders’ Equity 77,251 142,628
Non-controlling interest 0 3,859
Total stockholders’ equity 77,251 146,487
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 180,255 $ 271,824