Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 3,477,000 $ 2,914,000
Cost of sales (1,246,000) (753,000)
Gross profit 2,231,000 2,161,000
Expenses    
General and administrative 8,742,000 8,120,000
Sales and marketing 678,000 1,181,000
Goodwill impairment 0 1,682,000
Depreciation and amortization 579,000 352,000
Total expenses 9,999,000 11,335,000
Loss from operations (7,768,000) (9,174,000)
Other Expense (Income), Net    
Interest expense, net 978,000 836,000
Loss on remeasurement of warrant liability 4,851,000 0
Loss on investments 0 161,000
Loss on fair value of derivative instrument 0 13,000
Foreign exchange loss 759,000 48,000
Other (income) expenses, net (602,000) (57,000)
Total other expense, net 5,986,000 1,001,000
Loss before income taxes (13,754,000) (10,175,000)
Incomes taxes 0 0
Equity investment share of loss 11,000 11,000
Net loss (13,765,000) (10,186,000)
Net loss attributable to non-controlling interest 0 (904,000)
Net loss attributable to Clever Leaves Holdings Inc. common shareholders $ (13,765,000) $ (9,282,000)
Net loss per share attributable to Clever Leaves Holdings Inc. common shareholders - basic and diluted (USD per share) $ (0.55) $ (1.23)
Weighted-average common shares outstanding - basic and diluted (in shares) 25,030,080 8,304,030