Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,989 $ 6,891
Accounts Receivable 573 4,677
Inventory 2,684 7,179
Prepaid Expenses & Other Assets 1,564 1,272
Notes Receivable 375 750
Assets Held for Sale 23 4,495
Total Current Assets 7,208 25,264
Property, Equipment and Leasehold Improvements, Net 19,576 23,728
Intangible Assets, Net 3,360 129,637
Goodwill 3,585 48,132
Other Assets 16,212 26,915
Investments 721 164
Deferred Tax Asset 608 0
Long-Term Assets Held for Sale 2,579 17,984
TOTAL ASSETS 53,849 271,824
Current Liabilities:    
Accounts Payable & Accrued Liabilities 37,037 31,904
Current Portion of Notes Payable 26,454 45,749
Income Taxes Payable 9,394 7,969
Liabilities Held for Sale 1,653 2,087
Total Current Liabilities 74,538 87,708
Noncurrent Liabilities:    
Notes Payable, Net of Discounts 7,964 10,006
Deferred Tax Liabilities 0 6,123
Lease Liabilities 12,101 21,316
Long-Term Liabilities Held for Sale 1,357 184
TOTAL LIABILITIES 95,960 125,337
COMMITMENTS AND CONTINGENCIES (Note 19) 0 0
STOCKHOLDERS’ (DEFICIT) EQUITY:    
990,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 560,353,549 and 498,546,291 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 584 521
Treasury Stock: 2,308,408 shares of common stock as of September 30, 2022 and December 31, 2021 (808) (808)
Additional Paid-In Capital 401,729 392,930
Accumulated Deficit (443,616) (250,015)
Total Equity Attributable to Stockholders of Unrivaled Brands, Inc. (42,111) 142,628
Non-Controlling Interest 0 3,859
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY (42,111) 146,487
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 53,849 $ 271,824