$EDBLW

Edible Garden AG Inc

CIK:0001809750|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
REVENUE	$ 3,550	$ 3,146	$ 6,891	$ 5,864
OPERATING EXPENSES
Cost of goods sold, excluding depreciation	2,955	2,512	7,345	5,142
Selling, general and administrative expenses	3,134	3,993	6,039	6,760
Depreciation and amortization	654	234	3,378	482
Gain on sale of asset	(16)	0	(16)	(1)
Total operating expense	6,727	6,739	16,746	12,383
Loss from operations	(3,177)	(3,593)	(9,855)	(6,519)
Other income (expenses)
Interest expense, net	(163)	(389)	(313)	(829)
Loss on extinguishment of debt	0	(114)	0	(114)
Loss on sale of tax benefit	0	0	(235)	0
Other income / (loss)	81	53	121	95
Total other income (expenses)	(82)	(450)	(427)	(848)
Loss before income taxes	(3,259)	(4,043)	(10,282)	(7,367)
Income tax benefit	0	0	3,354	0
NET LOSS	$ (3,259)	$ (4,043)	$ (6,928)	$ (7,367)
Net loss per common share - basic and diluted (1)	$ (18.79)	$ (2,960.37)	$ (74.09)	$ (4,478.10)
Weighted-Average Number of Common Shares Outstanding - Basic and Diluted (1)	180,420	4,687	99,023	3,841

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (6,928)	$ (7,367)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense	101	363
Depreciation and amortization	3,378	482
Amortization of operating lease right of use asset	608	254
Amortization of debt discount	178	810
Gain on sale of asset	(16)	(1)
Loss on extinguishment of debt	0	114
Stock-based compensation	5	0
Change in operating assets and liabilities:
Accounts receivable	826	394
Inventory	679	177
Prepaid expenses and other current assets	222	(156)
Accounts payable and accrued expenses	1,953	(1,730)
Operating lease liabilities	(111)	(104)
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES	895	(6,764)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, equipment and leasehold improvements	(3,364)	(133)
Proceed from sale of asset	0	11
NET CASH USED IN INVESTING ACTIVITIES	(3,364)	(122)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt	13,500	1,625
Payments of debt principal	(1,465)	(3,448)
Proceeds from sale of preferred stock	0	3,000
Proceeds from sales of common stock from Equity Distribution Agreement	0	1,759
Proceeds from common stock warrant exercises	0	3,261
Principal payments on finance lease liabilities	(22)	(20)
NET CASH PROVIDED BY FINANCING ACTIVITIES	12,013	6,177
NET CHANGE IN CASH AND RESTRICTED CASH	9,544	(709)
Cash and restricted cash at beginning of period	1,114	3,530
CASH AND RESTRICTED CASH AT END OF PERIOD	10,658	2,821
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:
Cash paid for interest	122	56
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:
Exchange of preferred stock for common stock	9,781	0
Issuance of preferred stock to settle preferred return payable	590	155
Obligation to issue preferred stock to settle dividends payable	409	0
Discount on note payable related to embedded derivative	86	0
Assets acquired through issuing preferred stock	0	12,000
Issuance of common stock for warrant exercise	$ 0	$ 459

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 658	$ 1,114
Restricted cash, current	3,250	0
Accounts receivable, net	979	1,906
Inventory, net	1,182	1,861
Prepaid expenses and other current assets	691	912
Total current assets	6,760	5,793
Restricted cash, noncurrent	6,750	0
Property, equipment and leasehold improvements, net	10,143	10,107
Operating lease right-of-use assets	3,680	4,289
Finance lease right-of-use assets	48	70
Intangible assets, net	291	302
Other assets	35	35
TOTAL ASSETS	27,707	20,596
Current liabilities:
Accounts payable and other accrued expenses	7,251	5,297
Current maturities of operating lease liabilities	233	225
Current maturities of finance lease liabilities	48	46
Short-term debt, net of discounts	1,610	1,441
Derivative liability	165	79
Total current liabilities	9,307	7,088
Long-term liabilities:
Long-term debt, net of discounts	12,175	215
Long-term operating lease liabilities	648	767
Long-term finance lease liabilities	4	29
Total long-term liabilities	12,827	1,011
Total liabilities	22,134	8,099
STOCKHOLDERS' EQUITY (DEFICIT):
Common stock ($0.0001 par value, 100,000,000 shares authorized, 525,638 and 13,187 shares outstanding as of June 30, 2026 and December 31, 2025, respectively (1))	0	0
Preferred stock ($1,000 par value, 10,000,000 shares authorized; 6,593 and 15,784 shares outstanding as of June 30, 2026 and December 31, 2025, respectively)	6,593	15,784
Additional paid-in capital	64,411	55,034
Obligation to issue shares	140	322
Accumulated deficit	(65,571)	(58,643)
Total stockholders' equity (deficit)	5,573	12,497
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 27,707	$ 20,596