$GRWG

EasyLife, Corp.

CIK:0001604868|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 43,215	$ 40,963	$ 81,606	$ 76,666
Cost of sales (exclusive of depreciation and amortization shown below)	30,895	29,369	59,546	55,365
Gross profit	12,320	11,594	22,060	21,301
Operating expenses:
Store operations and other operational expenses	6,143	7,867	12,544	16,659
Selling, general, and administrative	6,458	6,151	13,384	13,263
Estimated credit losses	336	163	403	255
Depreciation and amortization	1,504	2,687	3,115	6,272
Impairment loss on held for sale property and equipment	220	0	220	0
Total operating expenses	14,661	16,868	29,666	36,449
Loss from operations	(2,341)	(5,274)	(7,606)	(15,148)
Other income (expense):
Interest income	347	463	671	960
Total other income	347	463	671	960
Net loss before income taxes	(1,994)	(4,811)	(6,935)	(14,188)
Provision for income taxes	(19)	0	0	0
Net loss	$ (2,013)	$ (4,811)	$ (6,935)	$ (14,188)
Net loss per share, basic	$ (0.03)	$ (0.08)	$ (0.12)	$ (0.24)
Net loss per share, diluted	$ (0.03)	$ (0.08)	$ (0.12)	$ (0.24)
Weighted average shares outstanding, basic	59,805,494	59,551,783	59,947,411	59,496,861
Weighted average shares outstanding, diluted	59,805,494	59,551,783	59,947,411	59,496,861

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (6,935)	$ (14,188)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Depreciation and amortization	3,115	6,272
Share-based compensation	525	818
Estimated credit losses	403	255
(Gain) loss on asset disposition	(9)	665
Change in value of marketable securities	(298)	(398)
Impairment loss on held for sale property and equipment	220	0
Changes in operating assets and liabilities (net of the effect of acquisition):
Accounts and notes receivable	(4,775)	(3,172)
Inventory	3,481	(1,167)
Prepaid expenses and other assets	(43)	887
Accounts payable and accrued liabilities	2,618	4,050
Operating leases	(240)	(55)
Payroll and payroll tax liabilities	(385)	(527)
Customer deposits	(1,755)	28
Sales tax payable	12	(218)
Other	(41)	0
Net cash and cash equivalents used in operating activities	(4,107)	(6,750)
Cash flows from investing activities:
Acquisition, net of cash acquired	0	(1,013)
Purchase of marketable securities	(8,947)	(18,985)
Maturities of marketable securities	7,350	22,968
Purchase of property and equipment	(283)	(286)
Proceeds from disposals of assets	102	15
Net cash and cash equivalents (used in) provided by investing activities	(1,778)	2,699
Cash flows from financing activities:
Common stock withheld for employee payroll taxes	(51)	(111)
Repurchase of common stock	(1,010)	0
Net cash and cash equivalents used in financing activities	(1,061)	(111)
Net decrease in cash and cash equivalents	(6,946)	(4,162)
Cash and cash equivalents at the beginning of period	30,406	27,471
Cash and cash equivalents at the end of period	23,460	23,309
Supplemental cash flow disclosures and non-cash investing and financing transactions:
Right-of use assets obtained in exchange for new or modified operating lease liabilities	388	297
Fair value of common stock issued in business combination	0	109
Fair value of contingent consideration	$ 0	$ 83

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 23,460	$ 30,406
Marketable securities	17,553	15,658
Accounts receivable, net of allowance for credit losses of $2,363 and $2,109, respectively	15,264	10,668
Notes receivable, current, net of allowance for credit losses of $201 and $214, respectively	283	507
Inventory	35,295	38,776
Prepaid and other current assets	7,750	7,732
Total current assets	99,605	103,747
Property and equipment, net	6,423	9,795
Property and equipment held for sale	1,574	0
Operating lease right-of-use assets, net	23,880	27,050
Intangible assets, net	2,012	3,326
Goodwill	2,080	2,080
Other assets	1,067	1,042
TOTAL ASSETS	136,641	147,040
Current liabilities:
Accounts payable	10,761	8,775
Accrued liabilities	3,934	3,269
Payroll and payroll tax liabilities	2,204	2,589
Customer deposits	2,260	4,015
Sales tax payable	884	872
Current maturities of operating lease liabilities	5,568	6,455
Total current liabilities	25,611	25,975
Operating lease liabilities, net of current maturities	20,499	23,022
Other long-term liabilities	503	544
Total liabilities	46,613	49,541
Commitments and contingencies (Note 13)
Stockholders' equity:
Common stock; $0.001 par value; 100,000,000 shares authorized, 60,283,226 and 60,090,905 shares issued, 59,558,299 and 60,090,905 shares outstanding, respectively	60	60
Treasury stock, at cost; 724,927 and zero shares, respectively	(1,010)	0
Additional paid-in capital	377,602	377,128
Accumulated deficit	(286,624)	(279,689)
Total stockholders' equity	90,028	97,499
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 136,641	$ 147,040