v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 12,663	$ 21,030
Investments available for sale	11,220	3,750
Accounts receivable, net	5,283	9,365
Inventory	62,039	62,094
Other current assets	1,900	1,730
Total current assets	93,105	97,969
Property and equipment, net	112,921	114,436
Goodwill	1,262	1,262
Intangible and other non-current assets, net	4,163	4,492
Total non-current assets	118,346	120,190
Total assets	211,451	218,159
Current liabilities:
Accounts payable and accrued liabilities	6,559	11,626
Customer deposits	870	390
Current portion of long-term debt, net of unamortized loan fees	1,130	1,130
Total current liabilities	8,559	13,146
Long-term debt, net of current portion and unamortized loan fees	15,129	15,412
Deferred tax liability, net	2,595	3,012
Other non-current liabilities	16	25
Total non-current liabilities	17,740	18,449
Total liabilities	26,299	31,595
Contingencies (Note 12)
Stockholders’ Equity
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 20,586,027 and 20,644,279 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	205	206
Additional paid-in capital	278,484	278,456
Accumulated other comprehensive income	6	164
Accumulated deficit	(93,543)	(92,262)
Total stockholders’ equity	185,152	186,564
Total liabilities and stockholders’ equity	$ 211,451	$ 218,159

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Crimson Wine Group, Ltd 10-Q