Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.21.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenue $ 12,117 $ 7,834
Cost of sales (4,704) (4,732)
Gross profit 7,413 3,102
Expenses    
General and administrative 29,828 34,979
Sales and marketing 2,577 3,183
Goodwill impairment 1,682 0 [1]
Depreciation and amortization 1,854 1,480
Total expenses 35,941 39,642
Loss from operations (28,528) (36,540)
Other Expense (Income), Net    
Interest expense, net 4,455 2,684
Loss on investments 464 756
Loss on debt extinguishment 2,360 3,374 [1]
Loss on fair value of derivative instrument 657 421 [1]
Foreign exchange loss 491 1,575
Other (income) expenses, net (284) 534
Total other expense, net 8,143 9,344
Loss before income taxes (36,671) (45,884)
Incomes taxes 0 0
Loss on equity method investment, net 4 96
Net loss (36,675) (45,980) [1]
Net loss attributable to non-controlling interest 0 (6,450)
Net loss attributable to Clever Leaves Holdings Inc. common shareholders $ (36,675) $ (39,530)
Net loss per share attributable to Clever Leaves Holdings Inc. common shareholders - basic and diluted (USD per share) $ (4.34) $ (5.06)
Weighted-average common shares outstanding - basic and diluted (in shares) 10,815,580 7,814,796
[1] See Note 3. for information on the reclassification adjustment of December 31, 2019.