Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Total revenues $ 47,673 $ 6,161
Cost of goods sold 35,706 3,518
Gross profit 11,967 2,643
Selling, general and administrative expenses 48,257 19,319
Impairment of assets 6,171 19,910
Gain on sale of assets (3,133) 0
Loss from operations (39,328) (36,586)
Other income / (expense)    
Loss on extinguishment of debt (5,976) 0
Interest expense, net (1,776) (1,394)
Unrealized gain on investments 0 29,045
Gain on investments 5,337 0
Other income / (loss) (433) 929
Total other income / (expense) (2,848) 28,580
Loss from continuing operations, before provision for income taxes (42,176) (8,006)
Provision for income taxes (885) 0
Net loss from continuing operations (43,061) (8,006)
Income / (loss) from discontinued operations 12,103 (22,865)
Provision for income taxes for discontinued operations (917) 0
Net loss from discontinued operations 11,186 (22,865)
NET LOSS (31,875) (30,871)
Less: Income / (Loss) attributable to non-controlling interest from discontinued operations (604) (754)
NET LOSS ATTRIBUTABLE TO UNRIVALED BRANDS, INC. $ (31,271) $ (30,117)
Loss from continuing operations per common share attributable to Unrivaled Brands, Inc. common stockholders – diluted (in dollars per share) $ (0.11) $ (0.04)
Loss from continuing operations per common share attributable to Unrivaled Brands, Inc. common stockholders – basic (in dollars per share) (0.11) (0.04)
Net loss per common share attributable to Unrivaled Brands, Inc. common stockholders – basic (in dollars per share) (0.08) (0.16)
Net loss per common share attributable to Unrivaled Brands, Inc. common stockholders – diluted (in dollars per share) $ (0.08) $ (0.16)
Weighted-Average Number of Common Shares Outstanding – Basic (in shares) 376,625,320 191,978,187
Weighted-Average Number of Common Shares Outstanding – Diluted (in shares) 376,625,320 191,978,187