Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 3,672,000 $ 1,939,000 $ 7,149,000 $ 4,853,000
Cost of sales (1,338,000) (1,032,000) (2,584,000) (1,785,000)
Gross profit 2,334,000 907,000 4,565,000 3,068,000
Expenses        
General and administrative 10,606,000 7,264,000 19,348,000 15,384,000
Sales and marketing 807,000 603,000 1,485,000 1,784,000
Goodwill impairment 0 0 0 1,682,000
Depreciation and amortization 524,000 365,000 1,103,000 717,000
Total expenses 11,937,000 8,232,000 21,936,000 19,567,000
Loss from operations (9,603,000) (7,325,000) (17,371,000) (16,499,000)
Other Expense (Income), Net        
Interest expense, net 920,000 953,000 1,898,000 1,789,000
Loss (gain) on remeasurement of warrant liability (1,176,000) 0 3,675,000 0
Loss on investments 0 67,000 0 228,000
Gain on fair value of derivative instrument 0 (13,000) 0 0
Foreign exchange loss 80,000 311,000 839,000 359,000
Other (income) expenses, net (485,000) 105,000 (1,087,000) 48,000
Total other expense (income), net (661,000) 1,423,000 5,325,000 2,424,000
Loss before income taxes (8,942,000) (8,748,000) (22,696,000) (18,923,000)
Equity investment share of loss 14,000 5,000 25,000 16,000
Net loss (8,956,000) (8,753,000) (22,721,000) (18,939,000)
Net loss attributable to non-controlling interest 0 (744,000) 0 (1,648,000)
Net loss attributable to Clever Leaves Holdings Inc. common shareholders $ (8,956,000) $ (8,009,000) $ (22,721,000) $ (17,291,000)
Net loss per share attributable to Clever Leaves Holdings Inc. common shareholders - basic (USD per share) $ (0.35) $ (0.82) $ (0.90) $ (1.91)
Net loss per share attributable to Clever Leaves Holdings Inc. common shareholders - diluted (USD per share) $ (0.35) $ (0.82) $ (0.90) $ (1.91)
Weighted-average common shares outstanding - diluted (in shares) 25,588,987 9,800,604 25,311,077 9,052,317
Weighted-average common shares outstanding - basic (in shares) 25,588,987 9,800,604 25,311,077 9,052,317