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 investments3,27683634310,6432,5861,088141
Cash and cash equivalents3,27683634310,6432,5861,088141
Receivables1,4466941,3261,064315345142
Inventory, net of allowances, customer advances and progress billings6,5106,72812,39311,0174,051780684
Inventory6,5106,72812,39311,0174,051780684
Prepaid expense2,873750408765650188164
Disposal group, including discontinued operation 3,833     
Total current assets:14,10512,84114,47023,4907,6032,4011,131
Noncurrent Assets
Operating lease, right-of-use asset3,2111,270743
Property, plant and equipment2,1633,1094,7741,75872999112
Intangible assets, net (including goodwill)13,62414,03814,703314354  
Goodwill  282828  
Intangible assets, net (excluding goodwill)13,62414,03814,675286326  
Deposits noncurrent assets     48 
Disposal group, including discontinued operation, noncurrent assets 189     
Other noncurrent assets4572851,176   49
Other undisclosed noncurrent assets   796344  
Total noncurrent assets:19,45518,89121,3962,8681,426147161
TOTAL ASSETS:33,56031,73235,86626,3589,0292,5481,292
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0983,3163,8332,3711,4239811,864
Accounts payable1,2651,8642,9371,9851,2674571,301
Accrued liabilities8331,452896386156524564
Deferred revenue 232
Debt6,61910,2352,302 294 22
Due to related parties 700    13
Disposal group, including discontinued operation 18     
Deferred revenue and credits2  
Contract with customer, liability2
Other undisclosed current liabilities78115,967   7439
Total current liabilities:9,49830,2596,1382,3731,7199872,338
Noncurrent Liabilities
Long-term debt and lease obligation10,5712,5106,9435,2342,162(5)(4)
Long-term debt, excluding current maturities8,0731,6936,5565,2342,162(5)(4)
Operating lease, liability2,498817388
Liabilities, other than long-term debt9271     
Due to related parties92      
Disposal group, including discontinued operation, liabilities 71     
Other undisclosed noncurrent liabilities  15,452  43222
Total noncurrent liabilities:10,6632,58122,3955,2342,16242818
Total liabilities:20,16132,84028,5337,6073,8801,4152,355
Stockholders' equity
Stockholders' equity attributable to parent, including:13,399(1,108)7,33318,7515,1331,133(1,064)
Common stock1111015
Additional paid in capital72,00352,98551,56645,88923,22313,6996,494
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)7,33318,7515,1491,133(1,064)
TOTAL LIABILITIES AND EQUITY:33,56031,73235,86626,3589,0292,5481,292

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
Revenues12,39413,72115,5976,1242,6112,1082,327
Revenue, net3,7912,1081,703
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:2,9104,5575,4572,310977828832
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 expense1,448(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)1,089523789235862 
Loss from continuing operations:(6,054)(9,647)(16,908)(9,048)(5,278)(5,200)(3,607)
Income from discontinued operations3,858      
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.

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