Avenir Wellness Solutions, Inc. (AVRW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
5805 SEPULVEDA BLVD., SUITE 801 SHERMAN OAKS, CA 91411 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49 | 2,943 | 16 | 1,725 | 4,096 | 501 | |||
| Cash and cash equivalent | 49 | 2,943 | 16 | 1,725 | 4,096 | 501 | |||
| Receivables | 1,418 | 2,232 | 357 | 224 | 142 | 103 | |||
| Inventory, net of allowances, customer advances and progress billings | 199 | 145 | 864 | 449 | 156 | 38 | |||
| Inventory | 199 | 145 | 864 | 449 | 156 | 38 | |||
| Prepaid expense | 33 | 176 | 31 | 48 | 946 | ||||
| Deferred costs | (4,701) | 615 | |||||||
| Other current assets | 69 | 29 | 132 | ||||||
| Other undisclosed current assets | 188 | 403 | 5,082 | 1,452 | 1,131 | ||||
| Total current assets: | 1,956 | 5,928 | 1,781 | 3,850 | 6,188 | 1,588 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 40 | 52 | 60 | ✕ | |||||
| Operating lease, right-of-use asset | 50 | 160 | 257 | 343 | 63 | ✕ | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 4 | 4 | 1,841 | 2,074 | 641 | 300 | |||
| Intangible asset, including goodwill, after accumulated amortization, including: | 70 | 71 | 28,530 | 15,579 | 10,986 | 1,206 | |||
| Goodwill | 13,868 | 13,868 | 9,178 | ||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 227 | 244 | 14,662 | 1,711 | 1,808 | 1,206 | |||
| Other undisclosed intangible asset, including goodwill, after accumulated amortization | (157) | (173) | |||||||
| Other undisclosed noncurrent assets | 527 | 691 | 8,125 | 24,461 | 14,522 | 302 | |||
| Total noncurrent assets: | 651 | 926 | 38,793 | 42,509 | 26,272 | 1,808 | |||
| TOTAL ASSETS: | 2,607 | 6,854 | 40,574 | 46,359 | 32,460 | 3,396 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,794 | 2,650 | 6,601 | 3,434 | 1,483 | 1,283 | |||
| Taxes payable | ✕ | ✕ | ✕ | 311 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 308 | |||||
| Accounts payable | 2,452 | 1,065 | 2,848 | 2,135 | 1,260 | 774 | |||
| Accrued liabilities | 1,342 | 1,585 | 3,753 | 680 | 223 | 509 | |||
| Deferred revenue | 416 | ✕ | |||||||
| Debt | 139 | 161 | 2,890 | 905 | 60 | 950 | |||
| Deferred compensation liability | 1,317 | ||||||||
| Customer refund liability | 566 | ||||||||
| Business combination, contingent consideration, liability | 860 | ||||||||
| Due to related parties | ✕ | ✕ | 2,011 | 1,040 | |||||
| Other undisclosed current liabilities | 6,261 | 10,242 | 12,759 | 9,088 | 10,293 | 6,318 | |||
| Total current liabilities: | 12,493 | 13,913 | 24,261 | 14,467 | 11,836 | 8,552 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 201 | 7,010 | 50 | ||||||
| Long-term debt, excluding current maturities | 7,010 | ||||||||
| Finance lease, liability | 27 | 50 | ✕ | ||||||
| Liabilities, other than long-term debt | 46 | ||||||||
| Operating lease, liability | 46 | 174 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | (174) | 3,603 | 7,067 | ||||||
| Total noncurrent liabilities: | 46 | 201 | 10,613 | 7,117 | |||||
| Total liabilities: | 12,493 | 13,959 | 24,462 | 25,080 | 18,953 | 8,552 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (9,886) | (7,105) | 16,112 | 21,279 | 13,507 | (5,172) | |||
| Common stock | 78 | 71 | 69 | 60 | 38 | 27 | |||
| Additional paid in capital | 113,435 | 112,471 | 110,146 | 101,807 | 63,035 | 23,425 | |||
| Accumulated deficit | (123,399) | (119,955) | (94,446) | (81,253) | (50,632) | (29,269) | |||
| Other undisclosed equity, attributable to parent | 308 | 343 | 665 | 1,066 | 646 | ||||
| Equity, attributable to noncontrolling interest | 16 | ||||||||
| Total equity: | (9,886) | (7,105) | 16,112 | 21,279 | 13,507 | (5,155) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,607 | 6,854 | 40,574 | 46,359 | 32,460 | 3,396 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,347 | 4,896 | 6,555 | 2,051 | 623 | 584 | ||
| Cost of revenue | (1,238) | (1,557) | (2,173) | (1,076) | (231) | (280) | ||
| Cost of product and service sold | (1,238) | (1,557) | (2,173) | (280) | ||||
| Deferred policy acquisition costs, amortization expense | (427) | |||||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 3,109 | 3,339 | 4,382 | 975 | 392 | 304 | ||
| Operating expenses | (8,615) | (21,609) | (19,474) | (19,933) | (14,084) | (7,862) | ||
| Operating loss: | (5,506) | (18,270) | (15,092) | (18,958) | (13,692) | (7,558) | ||
| Nonoperating income (expense) | 2,065 | (228) | 1,899 | (11,413) | (7,940) | (2,873) | ||
| Other nonoperating income (expense) | 2,065 | (228) | 1,899 | (11,663) | (7,681) | (2,873) | ||
| Interest and debt expense | (44) | (44) | (544) | (65) | 4,111 | (3,037) | ||
| Loss from continuing operations before equity method investments, income taxes: | (3,485) | (18,542) | (13,737) | (30,436) | (17,521) | (13,468) | ||
| Income from equity method investments | 22 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 44 | 44 | 544 | (207) | (3,852) | 3,037 | ||
| Loss from continuing operations before income taxes: | (3,441) | (18,498) | (13,193) | (30,621) | (21,373) | (10,431) | ||
| Income tax expense (benefit) | 3 | (42) | ||||||
| Other undisclosed income (loss) from continuing operations | (110) | |||||||
| Loss from continuing operations: | (3,438) | (18,540) | (13,193) | (30,621) | (21,483) | (10,431) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (13,193) | (30,621) | (21,483) | (10,431) | |
| Loss from discontinued operations | (6,969) | |||||||
| Other undisclosed net income (loss) | 120 | |||||||
| Net loss: | (3,438) | (25,509) | (13,193) | (30,621) | (21,363) | (10,431) | ||
| Net income attributable to noncontrolling interest | 21,373 | 30 | ||||||
| Other undisclosed net income (loss) attributable to parent | (6) | (21,373) | (30) | |||||
| Net loss attributable to parent: | (3,444) | (25,509) | (13,193) | (30,621) | (21,363) | (10,431) | ||
| Other undisclosed net income available to common stockholders, basic | 30 | |||||||
| Net loss available to common stockholders, diluted: | (3,444) | (25,509) | (13,193) | (30,621) | (21,363) | (10,400) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,438) | (25,509) | (13,193) | (30,621) | (21,363) | (10,431) | ||
| Comprehensive loss: | (3,438) | (25,509) | (13,193) | (30,621) | (21,363) | (10,431) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 21,373 | 30 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,438) | (25,509) | (13,193) | (30,621) | 10 | (10,400) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.