Charlie's Holdings Files Q3 2024 10-Q

TL;DR

Charlie's Holdings dropped its Q3 2024 10-Q. Check financials.

AI Summary

Charlie's Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for the nine months and third quarter of 2024, comparing them to the same periods in 2023. Specific financial figures and operational details are provided within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Charlie's Holdings, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company, Charlie's Holdings, Inc. is subject to market fluctuations and regulatory scrutiny, inherent risks for any 10-Q filing.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-11-19 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• 2023-09-30 — Prior Year Reporting Period End Date (Used for comparative financial analysis against the current reporting period.)

Key Players & Entities

• Charlie's Holdings, Inc. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241119 (date) — Filing date
• True Drinks Holdings, Inc. (company) — Former company name
• BAZI INTERNATIONAL, INC. (company) — Former company name
• XELR8 HOLDINGS, INC. (company) — Former company name

FAQ

Filing Documents

• chuc20240930_10q.htm (10-Q) — 1063KB
• ex_745466.htm (EX-31.1) — 12KB
• ex_745465.htm (EX-31.2) — 12KB
• ex_745464.htm (EX-32.1) — 5KB
• ex_745463.htm (EX-32.2) — 5KB
• 0001437749-24-035717.txt ( ) — 5450KB
• chuc-20240930.xsd (EX-101.SCH) — 52KB
• chuc-20240930_def.xml (EX-101.DEF) — 373KB
• chuc-20240930_lab.xml (EX-101.LAB) — 315KB
• chuc-20240930_pre.xml (EX-101.PRE) — 402KB
• chuc-20240930_cal.xml (EX-101.CAL) — 36KB
• chuc20240930_10q_htm.xml (XML) — 765KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 1 Condensed Consolidated Statements of Operations (unaudited) for the three and nine months ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Stockholders' Deficit (unaudited) for the three and nine months ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows (unaudited) for the three and nine months ended September 30, 2024 and 2023 4 Notes to Condensed Consolidated Financial Statements (unaudited) 5 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 ITEM 4.

Controls and Procedures

Controls and Procedures 25

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 25 ITEM 1A.

Risk Factors

Risk Factors 25 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 ITEM 3. Defaults Upon Senior Securities 26 ITEM 4. Mine Safety Disclosures 26 ITEM 5. Other Information 26 ITEM 6. Exhibits 26

SIGNATURES

SIGNATURES 27 PART I

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CHARLIE ' S HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) September 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash $ 601 $ 367 Accounts receivable, net 84 289 Inventories, net 2,732 3,826 Prepaid expenses and other current assets 519 604 Total current assets 3,936 5,086 Non-current assets: Property, plant and equipment, net 67 157 Right-of-use asset, net 112 424 Security deposits 101 101 Total non-current assets 280 682 TOTAL ASSETS $ 4,216 $ 5,768 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 2,686 $ 2,846 Notes payable, net 901 716 Notes payable - related parties 1,518 700 Derivative liability - 79 Lease liabilities 115 355 Deferred revenue 108 58 Total current liabilities 5,328 4,754 Non-current liabilities: Note payable, net of current portion 150 150 Note payable, net - related party, net of current portion - 898 Lease liabilities, net of current portion - 73 Total non-current liabilities 150 1,121 Total liabilities 5,478 5,875 COMMITMENTS AND CONTINGENCIES (see Note 12) Stockholders' deficit: Convertible preferred stock ($ 0.001 par value); 1,800,000 shares authorized Series A, 300,000 shares designated; 126,680 and 128,181 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively - - Series B, 1,500,000 shares designated; 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively - - Common stock ($ 0.001 par value); 500,000,000 shares authorized; 249,565,388 and 228,535,886 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 250 229 Additional paid-in capital 10,062 8,204 Accumulated deficit ( 11,574 ) ( 8,540 ) Total

View Full Filing

View this 10-Q filing on SEC EDGAR