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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8392677234321,0232,606
Cash and cash equivalents8392677234321,0232,606
Receivables9268608769131,2531,255
Inventory, net of allowances, customer advances and progress billings3,6103,9894,4424,9755,2316,085
Inventory3,6103,9894,4424,9755,2316,085
Prepaid expense7689415797257495,070
Other undisclosed current assets      
Total current assets:6,1436,0576,6207,0458,25615,016
Noncurrent Assets
Operating lease, right-of-use asset2,4922,6982,9883,0163,2193,302
Property, plant and equipment5,1565,4895,7416,1686,4702,151
Intangible assets, net (including goodwill)5,5765,6555,75813,31413,41813,521
Intangible assets, net (excluding goodwill)5,5765,6555,75813,31413,41813,521
Other noncurrent assets340354369383411424
Total noncurrent assets:13,56414,19614,85622,88123,51819,398
TOTAL ASSETS:19,70720,25321,47629,92631,77434,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8443,5063,2373,8762,9713,404
Accounts payable2,3632,0771,7282,1441,5652,367
Accrued liabilities1,4811,4291,5091,7321,4061,037
Deferred revenue154115186222 
Debt11,76211,4263,4423,5334,0395,736
Due to related parties5,3232,4551,9041,075
Other undisclosed current liabilities6,1816,2459911,0231,024964
Total current liabilities:21,94121,29213,01110,9499,96011,179
Noncurrent Liabilities
Long-term debt and lease obligation  7,7499,93010,13210,542
Long-term debt, excluding current maturities  7,7497,7497,7498,018
Liabilities, other than long-term debt1,8041,9702,232929292
Due to related parties92929292
Operating lease, liability1,8041,9702,1402,1812,3832,524
Total noncurrent liabilities:1,8041,9709,98110,02210,22410,634
Total liabilities:23,74523,26222,99220,97120,18421,813
Equity
Equity, attributable to parent(4,038)(3,009)(1,516)8,95511,59012,601
Common stock  22222
Additional paid in capital74,29973,64673,50374,22874,09273,278
Accumulated deficit(78,337)(76,657)(75,021)(65,275)(62,504)(60,679)
Total equity:(4,038)(3,009)(1,516)8,95511,59012,601
TOTAL LIABILITIES AND EQUITY:19,70720,25321,47629,92631,77434,414

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,6612,8532,3092,9774,8573,740
Cost of revenue
(Cost of Goods and Services Sold)
(2,635)(2,212)(2,457)(2,787)(3,405)(2,793)
Gross profit:26641(148)1901,452947
Operating expenses(1,428)(1,881)(1,795)(2,140)(2,578)(2,577)
Operating loss:(1,402)(1,240)(1,943)(1,950)(1,126)(1,630)
Nonoperating expense(241)(358)(7,766)(783)(662)(406)
Other nonoperating income (expense)85(29)(73)25100 
Interest and debt expense(326)(329)200(808)(762)(23)
Loss from continuing operations before equity method investments, income taxes:(1,969)(1,927)(9,509)(3,541)(2,550)(2,059)
Other undisclosed income (loss) from continuing operations before income taxes326329(200)80876223
Loss from continuing operations:(1,643)(1,598)(9,709)(2,733)(1,788)(2,036)
Loss before gain (loss) on sale of properties:(2,733)(1,788)(2,036)
Net loss attributable to parent:(1,643)(1,598)(9,709)(2,733)(1,788)(2,036)
Other undisclosed net loss available to common stockholders, basic(37)(38)(37)(38)(36)(38)
Net loss available to common stockholders, diluted:(1,680)(1,636)(9,746)(2,771)(1,824)(2,074)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(1,643)(1,598)(9,709)(2,733)(1,788)(2,036)
Comprehensive loss, net of tax, attributable to parent:(1,643)(1,598)(9,709)(2,733)(1,788)(2,036)

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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