Eastside Distilling Inc. (EAST) Financial Statements (2024 and earlier)

Company Profile

Business Address 2321 NE ARGYLE STREET
PORTLAND, OR 97211
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
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 investments4037233,27683634310,643
Cash and cash equivalents4037233,27683634310,643
Receivables5598761,4466941,3261,064
Inventory, net of allowances, customer advances and progress billings3,2124,4426,5106,72812,39311,017
Inventory3,2124,4426,5106,72812,39311,017
Prepaid expense2225792,873750408765
Disposal group, including discontinued operation    3,833  
Other undisclosed current assets141     
Total current assets:4,5376,62014,10512,84114,47023,490
Noncurrent Assets
Operating lease, right-of-use asset2,6022,9883,2111,270743
Property, plant and equipment4,7685,7412,1633,1094,7741,758
Intangible assets, net (including goodwill)5,0055,75813,62414,03814,703314
Goodwill     2828
Intangible assets, net (excluding goodwill)5,0055,75813,62414,03814,675286
Disposal group, including discontinued operation, noncurrent assets    189  
Other noncurrent assets5683694572851,176 
Other undisclosed noncurrent assets      796
Total noncurrent assets:12,94314,85619,45518,89121,3962,868
TOTAL ASSETS:17,48021,47633,56031,73235,86626,358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6513,2372,0983,3163,8332,371
Accounts payable2,0761,7281,2651,8642,9371,985
Accrued liabilities5751,5098331,452896386
Deferred revenue8818 232
Debt4863,4426,61910,2352,302 
Disposal group, including discontinued operation    18  
Due to related parties5,323 700  
Contract with customer, liability2
Other undisclosed current liabilities98099178115,967  
Total current liabilities:4,20513,0119,49830,2596,1382,373
Noncurrent Liabilities
Long-term debt and lease obligation 10,5987,74910,5712,5106,9435,234
Long-term debt, excluding current maturities 10,5987,7498,0731,6936,5565,234
Liabilities, other than long-term debt1,8242,2329271  
Due to related parties9292   
Disposal group, including discontinued operation, liabilities    71  
Operating lease, liability1,8242,1402,498817388
Other undisclosed noncurrent liabilities     15,452 
Total noncurrent liabilities:12,4229,98110,6632,58122,3955,234
Total liabilities:16,62722,99220,16132,84028,5337,607
Equity
Equity, attributable to parent853(1,516)13,399(1,108)7,33318,751
Common stock  21111
Additional paid in capital83,55973,50372,00352,98551,56645,889
Accumulated deficit(82,706)(75,021)(58,605)(54,094)(44,234)(27,139)
Total equity:853(1,516)13,399(1,108)7,33318,751
TOTAL LIABILITIES AND EQUITY:17,48021,47633,56031,73235,86626,358

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,49913,88312,39413,72115,5976,124
Cost of revenue
(Cost of Goods and Services Sold)
(9,438)(11,442)(9,484)(9,164)(10,140)(3,813)
Gross profit:1,0612,4412,9104,5575,4572,310
Operating expenses(5,881)(9,090)(9,810)(12,743)(19,172)(10,571)
Operating loss:(4,820)(6,649)(6,900)(8,186)(13,715)(8,261)
Nonoperating income (expense)(2,715)(9,617)846(1,461)(3,193)(787)
Other nonoperating income (expense)78522,100(372)(2,670)3
Interest and debt expense1,300(600)1,448(1,089)(523)(789)
Loss from continuing operations before equity method investments, income taxes:(6,235)(16,866)(4,606)(10,736)(17,431)(9,837)
Other undisclosed income (loss) from continuing operations before income taxes(1,300)600(1,448)1,089523789
Loss from continuing operations:(7,535)(16,266)(6,054)(9,647)(16,908)(9,048)
Loss before gain (loss) on sale of properties:(2,196)(9,647)(16,908)(9,048)
Income from discontinued operations   3,858   
Net loss attributable to parent:(7,535)(16,266)(2,196)(9,647)(16,908)(9,048)
Other undisclosed net loss available to common stockholders, basic(150)(150)(2,315)(213)  
Net loss available to common stockholders, diluted:(7,685)(16,416)(4,511)(9,860)(16,908)(9,048)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(7,535)(16,266)(2,196)(9,647)(16,908)(9,048)
Comprehensive loss, net of tax, attributable to parent:(7,535)(16,266)(2,196)(9,647)(16,908)(9,048)

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.

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