$GNLN
Greenlane Holdings, Inc.
CIK:0001743745|SEC Filings
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Cash Flows from Operating Activities: | ||
| Net loss | $ (43,044) | $ (7,082) |
| Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities: | ||
| Depreciation and amortization | 253 | 307 |
| Strategic advisory warrants | 476 | |
| Stock-based compensation | 592 | |
| Realized foreign currency gain | (265) | |
| Non-cash staking revenue | (668) | |
| Write-off vendor deposits and accrued liabilities | (1,493) | |
| Change in fair value of digital assets | 32,011 | |
| Impairment of investments | 1,769 | |
| Accretion of debt discount | 284 | |
| Provision for doubtful accounts | 1,251 | 673 |
| Digital assets transaction fees | 63 | |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 308 | (206) |
| Inventories | (137) | |
| Vendor deposits | 564 | |
| Other current assets | 692 | 88 |
| Accounts payable | 2,077 | (1,075) |
| Accrued expenses and other liabilities | (1,120) | (116) |
| Customer deposits | (1,195) | |
| Net cash and cash equivalents used in operating activities | (7,098) | (7,895) |
| Cash flows from Investing Activities: | ||
| Purchases of property and equipment, net | (68) | |
| Purchases of digital assets | (11,293) | |
| Purchases of Stablecoin-related protocol instruments | (8,057) | |
| Net cash and cash equivalents used in investing activities | (19,350) | (68) |
| Cash flows from Financing Activities: | ||
| Proceeds from issuance of Class A common stock and warrants | 20,746 | |
| Repayments of notes payable | (7,958) | |
| Net cash and cash equivalents provided by financing activities | 12,788 | |
| Net (decrease) increase in cash and cash equivalents | (26,448) | 4,825 |
| Cash and cash equivalents, beginning of the period | 32,513 | 899 |
| Cash and cash equivalents, end of period | 6,065 | 5,724 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $ 107 | |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 6,065 | $ 32,513 | ||
| Accounts receivable, net of allowance of $198 and $1,511 at June 30, 2026 and December 31, 2025, respectively | 13 | 1,572 | ||
| Stablecoin-related protocol instruments | 8,057 | |||
| Other current assets | 1,309 | 2,001 | ||
| Total current assets | 15,444 | 36,086 | ||
| Property and equipment, net | 253 | |||
| Operating lease right-of-use assets | 144 | |||
| Digital assets | 16,442 | 36,555 | ||
| Other assets | 140 | 1,893 | ||
| Total assets | 32,026 | 74,931 | ||
| Current liabilities | ||||
| Accounts payable | 6,014 | 5,414 | ||
| Accrued expenses and other current liabilities (Note 6) | 529 | 1,627 | ||
| Current portion of operating leases | 166 | |||
| Total current liabilities | 6,543 | 7,207 | ||
| Total liabilities | 6,543 | 7,207 | ||
| Commitments and contingencies (Note 5) | ||||
| STOCKHOLDERS’ EQUITY | ||||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | ||||
| Additional paid-in capital | [1] | 429,178 | 428,111 | |
| Accumulated deficit | (403,702) | (360,509) | ||
| Accumulated other comprehensive income | 265 | |||
| Total stockholders’ equity attributable to Greenlane Holdings, Inc. | 25,483 | 67,873 | ||
| Non-controlling interest | (149) | |||
| Total stockholders’ equity | 25,483 | 67,724 | ||
| Total liabilities and stockholders’ equity | 32,026 | 74,931 | ||
| Common Class A [Member] | ||||
| STOCKHOLDERS’ EQUITY | ||||
| Common stock, value | [1] | 7 | 6 | |
| Common Class B [Member] | ||||
| STOCKHOLDERS’ EQUITY | ||||
| Common stock, value | [1] | |||
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