Eastside Distilling, Inc. (EAST) financial statements (2023 and earlier)
Company profile
| Business Address |
2321 NE ARGYLE STREET PORTLAND, OR 97211 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| SIC | 208 - Beverages (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,276 | 836 | 343 | 10,643 | 2,586 | 1,088 | 141 | ||
| Cash and cash equivalents | 3,276 | 836 | 343 | 10,643 | 2,586 | 1,088 | 141 | ||
| Receivables | 1,446 | 694 | 1,326 | 1,064 | 315 | 345 | 142 | ||
| Inventory, net of allowances, customer advances and progress billings | 6,510 | 6,728 | 12,393 | 11,017 | 4,051 | 780 | 684 | ||
| Inventory | 6,510 | 6,728 | 12,393 | 11,017 | 4,051 | 780 | 684 | ||
| Prepaid expense | 2,873 | 750 | 408 | 765 | 650 | 188 | 164 | ||
| Disposal group, including discontinued operation | 3,833 | ||||||||
| Total current assets: | 14,105 | 12,841 | 14,470 | 23,490 | 7,603 | 2,401 | 1,131 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,211 | 1,270 | 743 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,163 | 3,109 | 4,774 | 1,758 | 729 | 99 | 112 | ||
| Intangible assets, net (including goodwill) | 13,624 | 14,038 | 14,703 | 314 | 354 | ||||
| Goodwill | 28 | 28 | 28 | ||||||
| Intangible assets, net (excluding goodwill) | 13,624 | 14,038 | 14,675 | 286 | 326 | ||||
| Deposits noncurrent assets | 48 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 189 | ||||||||
| Other noncurrent assets | 457 | 285 | 1,176 | 49 | |||||
| Other undisclosed noncurrent assets | 796 | 344 | |||||||
| Total noncurrent assets: | 19,455 | 18,891 | 21,396 | 2,868 | 1,426 | 147 | 161 | ||
| TOTAL ASSETS: | 33,560 | 31,732 | 35,866 | 26,358 | 9,029 | 2,548 | 1,292 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,098 | 3,316 | 3,833 | 2,371 | 1,423 | 981 | 1,864 | ||
| Accounts payable | 1,265 | 1,864 | 2,937 | 1,985 | 1,267 | 457 | 1,301 | ||
| Accrued liabilities | 833 | 1,452 | 896 | 386 | 156 | 524 | 564 | ||
| Deferred revenue | 23 | 2 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 6,619 | 10,235 | 2,302 | 294 | 22 | ||||
| Due to related parties | 700 | 13 | |||||||
| Disposal group, including discontinued operation | 18 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 2 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 781 | 15,967 | 7 | 439 | |||||
| Total current liabilities: | 9,498 | 30,259 | 6,138 | 2,373 | 1,719 | 987 | 2,338 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10,571 | 2,510 | 6,943 | 5,234 | 2,162 | (5) | (4) | ||
| Long-term debt, excluding current maturities | 8,073 | 1,693 | 6,556 | 5,234 | 2,162 | (5) | (4) | ||
| Operating lease, liability | 2,498 | 817 | 388 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 92 | 71 | |||||||
| Due to related parties | 92 | ||||||||
| Disposal group, including discontinued operation, liabilities | 71 | ||||||||
| Other undisclosed noncurrent liabilities | 15,452 | 432 | 22 | ||||||
| Total noncurrent liabilities: | 10,663 | 2,581 | 22,395 | 5,234 | 2,162 | 428 | 18 | ||
| Total liabilities: | 20,161 | 32,840 | 28,533 | 7,607 | 3,880 | 1,415 | 2,355 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 13,399 | (1,108) | 7,333 | 18,751 | 5,133 | 1,133 | (1,064) | ||
| Common stock | 1 | 1 | 1 | 1 | 0 | 1 | 5 | ||
| Additional paid in capital | 72,003 | 52,985 | 51,566 | 45,889 | 23,223 | 13,699 | 6,494 | ||
| Accumulated deficit | (58,605) | (54,094) | (44,234) | (27,139) | (18,091) | (12,813) | (7,562) | ||
| Other undisclosed stockholders' equity attributable to parent | 246 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 16 | ||||||||
| Total stockholders' equity: | 13,399 | (1,108) | 7,333 | 18,751 | 5,149 | 1,133 | (1,064) | ||
| TOTAL LIABILITIES AND EQUITY: | 33,560 | 31,732 | 35,866 | 26,358 | 9,029 | 2,548 | 1,292 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,394 | 13,721 | 15,597 | 6,124 | 2,611 | 2,108 | 2,327 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,791 | 2,108 | 1,703 | |
| Cost of revenue | (9,484) | (9,164) | (10,140) | (3,813) | (1,634) | (1,280) | (870) | |
| Cost of goods and services sold | (9,484) | (9,164) | (10,140) | (3,813) | (1,180) | (934) | (624) | |
| Other undisclosed gross profit | (624) | |||||||
| Gross profit: | 2,910 | 4,557 | 5,457 | 2,310 | 977 | 828 | 832 | |
| Operating expenses | (9,810) | (12,743) | (19,172) | (10,571) | (5,807) | (1,244) | (4,374) | |
| Other undisclosed operating loss | (3,882) | |||||||
| Operating loss: | (6,900) | (8,186) | (13,715) | (8,261) | (4,830) | (4,298) | (3,542) | |
| Nonoperating income (expense) | 846 | (1,461) | (3,193) | (787) | (448) | (902) | (60) | |
| Other nonoperating income (expense) | 2,100 | (372) | (2,670) | 3 | (213) | (39) | (60) | |
| Interest and debt expense | 1,448 | (1,089) | (523) | (789) | (235) | (862) | (6) | |
| Loss from continuing operations before equity method investments, income taxes: | (4,606) | (10,736) | (17,431) | (9,837) | (5,513) | (6,062) | (3,607) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (1,448) | 1,089 | 523 | 789 | 235 | 862 | ||
| Loss from continuing operations: | (6,054) | (9,647) | (16,908) | (9,048) | (5,278) | (5,200) | (3,607) | |
| Income from discontinued operations | 3,858 | |||||||
| Net loss: | (2,196) | (9,647) | (16,908) | (9,048) | (5,278) | (5,200) | (3,607) | |
| Net income attributable to noncontrolling interest | 1 | |||||||
| Other undisclosed net income (loss) attributable to parent | (1) | 6 | ||||||
| Net loss attributable to parent: | (2,196) | (9,647) | (16,908) | (9,048) | (5,278) | (5,200) | (3,601) | |
| Preferred stock dividends and other adjustments | (52) | |||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (2,315) | (213) | 1 | |||||
| Net loss available to common stockholders, diluted: | (4,511) | (9,860) | (16,908) | (9,048) | (5,277) | (5,251) | (3,601) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,196) | (9,647) | (16,908) | (9,048) | (5,278) | (5,200) | (3,607) | |
| Comprehensive loss: | (2,196) | (9,647) | (16,908) | (9,048) | (5,278) | (5,200) | (3,607) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (2,196) | (9,647) | (16,908) | (9,048) | (5,277) | (5,200) | (3,607) | |
Statements sources
The financial statements are based on the company's filings with the 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.