Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 6,891 $ 217
Accounts receivable, net 4,677 352
Short term investments 0 34,045
Inventory, net 7,179 759
Prepaid expenses and other current assets 1,272 214
Notes receivable 750 0
Current assets of discontinued operations 4,495 2,020
Total current assets 25,264 37,607
Property, equipment and leasehold improvements, net 23,728 12,630
Intangible assets, net 129,637 7,714
Goodwill 48,132 6,171
Other assets 26,915 12,644
Investments 163 330
Assets of discontinued operations 17,984 23,198
TOTAL ASSETS 271,824 100,294
Current liabilities:    
Accounts payable and other accrued expenses 31,904 8,225
Short-term debt 45,749 8,033
Income taxes payable 7,969 0
Current liabilities of discontinued operations 2,087 10,164
Total current liabilities 87,708 26,422
Long-term liabilities:    
Long-term debt, net of discounts 10,006 6,632
Deferred tax liabilities 6,123 0
Long-term lease liabilities 21,316 7,775
Long-term liabilities of discontinued operations 184 335
Total long-term liabilities 37,629 14,742
Total liabilities 125,337 41,164
COMMITMENTS AND CONTINGENCIES (Note 18)
STOCKHOLDERS’ EQUITY:    
990,000,000 Shares authorized as of December 31, 2021 and 2020; 498,546,295 shares issued and 496,237,883 shares outstanding as of December 31, 2021; 196,512,867 shares issued and 194,204,459 shares outstanding as of December 31, 2020. 521 218
Additional paid-in capital 392,930 275,060
Treasury stock (808) (808)
Accumulated deficit (250,015) (219,803)
Total Unrivaled Brands, Inc. stockholders’ equity 142,628 54,667
Non-controlling interest 3,859 4,463
Total stockholders’ equity 146,487 59,130
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 271,824 $ 100,294