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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7233,27683634310,6432,586
Cash and cash equivalents7233,27683634310,6432,586
Receivables8761,4466941,3261,064315
Inventory, net of allowances, customer advances and progress billings4,4426,5106,72812,39311,0174,051
Inventory4,4426,5106,72812,39311,0174,051
Prepaid expense5792,873750408765650
Disposal group, including discontinued operation   3,833   
Other undisclosed current assets      
Total current assets:6,62014,10512,84114,47023,4907,603
Noncurrent Assets
Operating lease, right-of-use asset2,9883,2111,270743
Property, plant and equipment5,7412,1633,1094,7741,758729
Intangible assets, net (including goodwill)5,75813,62414,03814,703314354
Goodwill    282828
Intangible assets, net (excluding goodwill)5,75813,62414,03814,675286326
Disposal group, including discontinued operation, noncurrent assets   189   
Other noncurrent assets3694572851,176  
Other undisclosed noncurrent assets     796344
Total noncurrent assets:14,85619,45518,89121,3962,8681,426
TOTAL ASSETS:21,47633,56031,73235,86626,3589,029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2372,0983,3163,8332,3711,423
Accounts payable1,7281,2651,8642,9371,9851,267
Accrued liabilities1,5098331,452896386156
Deferred revenue18 232
Debt3,4426,61910,2352,302 294
Disposal group, including discontinued operation   18   
Deferred revenue and credits2
Due to related parties5,323 700   
Contract with customer, liability2
Other undisclosed current liabilities99178115,967   
Total current liabilities:13,0119,49830,2596,1382,3731,719
Noncurrent Liabilities
Long-term debt and lease obligation7,74910,5712,5106,9435,2342,162
Long-term debt, excluding current maturities7,7498,0731,6936,5565,2342,162
Liabilities, other than long-term debt2,2329271   
Due to related parties9292    
Disposal group, including discontinued operation, liabilities   71   
Operating lease, liability2,1402,498817388
Other undisclosed noncurrent liabilities    15,452  
Total noncurrent liabilities:9,98110,6632,58122,3955,2342,162
Total liabilities:22,99220,16132,84028,5337,6073,880
Equity
Equity, attributable to parent(1,516)13,399(1,108)7,33318,7515,133
Common stock 211110
Additional paid in capital73,50372,00352,98551,56645,88923,223
Accumulated deficit(75,021)(58,605)(54,094)(44,234)(27,139)(18,091)
Equity, attributable to noncontrolling interest      16
Total equity:(1,516)13,399(1,108)7,33318,7515,149
TOTAL LIABILITIES AND EQUITY:21,47633,56031,73235,86626,3589,029

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues13,88312,39413,72115,5976,1242,611
Revenue, net3,791
Cost of revenue(11,442)(9,484)(9,164)(10,140)(3,813)(1,634)
Cost of goods and services sold(11,442)(9,484)(9,164)(10,140)(3,813)(1,180)
Gross profit:2,4412,9104,5575,4572,310977
Operating expenses(9,090)(9,810)(12,743)(19,172)(10,571)(5,807)
Operating loss:(6,649)(6,900)(8,186)(13,715)(8,261)(4,830)
Nonoperating income (expense)(9,617)846(1,461)(3,193)(787)(448)
Other nonoperating income (expense)522,100(372)(2,670)3(213)
Interest and debt expense(600)1,448(1,089)(523)(789)(235)
Loss from continuing operations before equity method investments, income taxes:(16,866)(4,606)(10,736)(17,431)(9,837)(5,513)
Other undisclosed income (loss) from continuing operations before income taxes600(1,448)1,089523789235
Loss from continuing operations:(16,266)(6,054)(9,647)(16,908)(9,048)(5,278)
Loss before gain (loss) on sale of properties:(2,196)(9,647)(16,908)(9,048)(5,278)
Income from discontinued operations  3,858    
Net loss:(16,266)(2,196)(9,647)(16,908)(9,048)(5,278)
Net income attributable to noncontrolling interest      1
Other undisclosed net loss attributable to parent      (1)
Net loss attributable to parent:(16,266)(2,196)(9,647)(16,908)(9,048)(5,278)
Other undisclosed net income (loss) available to common stockholders, basic(150)(2,315)(213)  1
Net loss available to common stockholders, diluted:(16,416)(4,511)(9,860)(16,908)(9,048)(5,277)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(16,266)(2,196)(9,647)(16,908)(9,048)(5,278)
Comprehensive loss:(16,266)(2,196)(9,647)(16,908)(9,048)(5,278)
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Comprehensive loss, net of tax, attributable to parent:(16,266)(2,196)(9,647)(16,908)(9,048)(5,277)

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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