Ownership / Twinlab Consolidated Holdings, Inc. | Tables in SEC filings

TLCC Twinlab Consolidated Holdings, Inc.

Quarterly report

	Three Months Ended June 30,					Increase				%				Six Months Ended June 30,								Increase			%
	2024		2023			(Decrease)				Change					2024				2023			(Decrease)			Change
Net sales	$	3,118	$	3,058		$	60			2		$	5,888			$	6,797			$	(909)			(13)
Cost of sales		1,892		1,869			23			1			3,820				4,130				(310)			(8)
Gross profit		1,226		1,189			37			3			2,068				2,667				(599)			(22)
Operating costs and expenses:
Selling expenses		121		252			(131)				(52)				218				591				(373)			(63)
General and administrative expenses		885		1,242			(357)				(29)				1,812				2,909				(1,097)			(38)
Impairment of intangible assets		-		-			-				0				-				(324)				324			(100)
Loss from operations		220	(305)			525			(172)				38				(509)				547			(107)

Other income (expense):
Interest expense, net		(1,970)		(2,205)			(235)				(11)				(3,961)				(4,322)				(361)			(8)
Other income, net		8	-		8			100			8				30			(22)				(73)
Total other expense, net		(1,962)		(2,205)			(243)				(11)				(3,953)				(4,292)				(339)			(8)

Loss before income taxes		(1,742)		(2,510)			768			31			(3,915)				(4,801)				886			(18)

Provision for income taxes		(6)		(6)			-				0				(6)				-			(6)			(600)

Net loss from continuing operation		(1,748)		(2,516)			768			31			(3,921)				(4,801)				880			(18)
Net income (loss) from discontinued operation, net of income taxes		175	(1,475)			1,650			112				251			(2,000)			2,251			(113)
Total net loss	$	(1,573)	$	(3,991)		$	2,418			61		$	(3,670)			$	(6,801)			$	3,131			(46)

		Three Months Ended June 30, 2024			Six Months Ended June 30, 2024
Sublease income	$	(167)		$	(334)
Cash paid for operating leases	$	292		$	581
Weighted average remaining lease term (years) - operating leases		2.2			2.2
Weighted average discount rate – operating leases		8.25	%		8.25	%

	June 30, 2024		December 31, 2023
Contract Liabilities - Customer Deposits	$	2,149	$	2,022
Contract Liabilities - Guaranteed Returns		73		127
	$	2,222	$	2,149

		June 30, 2024		December 31, 2023
Carrying amounts of assets associated with NutraScience Labs included as part of discontinued operations:
Accounts receivable, net	$	-	$	161
Current assets of discontinued operations	$	-	$	161

Carrying amounts of liabilities associated with NutraScience Labs included as part of discontinued operations:
Accounts payable	$	4,321	$	4,722
Accrued expenses and other current liabilities		2,296		2,055
Short-term operating lease liabilities		480		480
Current liabilities of discontinued operations	$	7,097	$	7,257

2024 (excluding the six months ended June 30, 2024)	$	580
2025		1,136
2026		952
2027		306
Thereafter		-
Total lease payments		2,974
Less: imputed interest		(295)
Present value of lease liabilities	$	2,679

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