7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2017-12-31 2015-11-30 2015-08-31 
      
    		                       
      cash flows from operating activities
    		                       
      net income
    		-10,300,000 -168,526,000 -16,484,000 -13,588,000 -16,902,000 -287,726,000 3,039,000 14,033,000 9,141,000 20,660,000 -22,543,485 -3,389,929 -4,451,586 1,486,915 1,044,472 -22,038,342 -15,027,368 -8,871,781 -13,001,599 -8,276,305 -8,518,677 -14,554 -8,331 
      income from discontinued operations
    		 -149,000 0                     
      income from continuing operations
    		-10,300,000                       
      adjustments to reconcile income from continuing operations to net cash from operating activities:
    		                       
      depreciation and amortization
    		3,500,000 4,729,000 7,275,000 5,255,000 4,741,000 6,156,000 6,570,000 5,879,000 4,474,000 3,155,000 1,716,934 631,826 599,240 536,380 508,322 522,995 503,093 473,670 427,438 382,225 667,042 475 475 
      amortization of debt discount and issuance costs
    		 3,076,000                      
      inventory write-down to net realizable value
    		                       
      stock-based compensation expense
    		                       
      loss on sale of property in sale-leaseback transaction
    		                       
      impairment of goodwill and franchise rights
    		                       
      deferred taxes
    		-400,000 68,636,000 -3,648,000 -4,789,000 -1,699,000 -80,583,000 -77,000 5,989,000 -1,966,000 -11,576,000              
      interest paid-in-kind capitalized to debt principal
    		                       
      gain on partial termination of warehouse lease
    		                       
      valuation allowance and loss on sale of loans receivable portfolio
    		                       
      changes in operating assets and liabilities, net of acquisitions:
    		                       
      accounts receivable
    		16,800,000 3,239,000 3,723,000 -5,142,000 -4,220,000 -51,000 2,338,000                 
      inventory
    		-6,200,000 -1,717,000 -33,086,000 1,862,000 1,241,000 -4,966,000 -77,200,000                 
      prepaid expenses and other current assets
    		2,200,000 -379,000 1,682,000 -2,515,000 2,612,000 82,000 33,000                 
      other assets
    		 123,000 -36,000 201,000 12,000 4,063,000 15,347,000                 
      other liabilities
    		400,000 -5,161,000 -2,540,000 2,265,000 1,736,000 4,077,000 1,336,000                 
      accounts payable and accrued liabilities
    		4,100,000 -8,129,000 2,352,000 -1,467,000 2,844,000 -13,831,000 -6,545,000                 
      floor plan trade note borrowings
    		-10,700,000   -14,432,000 13,376,000 21,522,000 10,606,000                 
      net cash from operating activities of continuing operations
    		 -19,575,000 -13,031,000                     
      cash flows from investing activities
    		                       
      cash from acquisitions, net of cash received
    		                       
      technology development
    		-100,000 -342,000 -692,000 -564,000 -502,000 -815,000 -2,726,000 -1,710,000 -1,752,000 -605,000 -360,695 -510,343 -394,962 -983,954 -323,737 -290,376 -466,192 -699,982 -1,039,740 -879,829    
      proceeds from sale of property
    		                       
      purchase of property and equipment
    		-1,000,000   -4,123,000 -1,881,000 -1,283,000 -2,870,000 -145,000 -1,319,000 1,967,000 -7,513,000   0 -42,420 -132,366        
      net cash from investing activities of continuing operations
    		 -6,239,000 -2,491,000                     
      cash flows from financing activities
    		                       
      increase in net borrowings from non-trade floor plans
    		                       
      proceeds from sale-leaseback transaction
    		                       
      repayments of debt
    		-35,300,000                       
      other
    		             14,513 8,063 750  -9,967 -459,534 477,891    
      net proceeds from sale of common stock in rights offerings
    		                       
      net cash from financing activities of continuing operations
    		 43,324,000 18,055,000                     
      cash flows from discontinued operations
    		                       
      net cash from operating activities
    		3,000,000 -38,000 -229,000 -5,188,000 8,855,000 -23,543,000 -45,318,000 18,700,000 31,274,000 -2,398,000 -12,313,791 -4,527,864 -12,937,345 25,619,637 20,045,118 -19,467,259 -13,954,396 7,702,117 -27,018,311 -6,476,740 -9,555,631 -10,690 -4,584 
      capex
    		-1,000,000 0 0 -4,123,000 -1,881,000 -1,283,000 -2,870,000 -145,000 -1,319,000 1,967,000 -7,513,000 0 0 0 -42,420 -132,366 0 0 0 0 0 0 0 
      free cash flows
    		2,000,000 -38,000 -229,000 -9,311,000 6,974,000 -24,826,000 -48,188,000 18,555,000 29,955,000 -431,000 -19,826,791 -4,527,864 -12,937,345 25,619,637 20,002,698 -19,599,625 -13,954,396 7,702,117 -27,018,311 -6,476,740 -9,555,631 -10,690 -4,584 
      net cash from financing activities
    		-15,500,000 54,000 0 -5,287,000 33,000 38,613,000 24,235,000 -8,753,000 53,601,000 -12,939,000 429,429,094 31,030,381 11,945,525 -24,271,942 -19,070,529 21,150,210 7,743,814 -12,841,523   19,251,505 0 10,000 
      net cash from discontinued operations
    		 16,000 -229,000                     
      net change in cash and restricted cash
    		-13,600,000                       
      cash and restricted cash at beginning of period
    		77,000,000   0 58,579,000 0 0 0 51,974,000 0 113 0 3,515,887 0 0 6,726,282        
      cash and restricted cash at end of period
    		63,400,000 17,548,000 2,303,000 -4,635,000 61,784,000 9,364,000 -28,467,000 8,820,000 68,862,000 -19,343,000 43,295,721 25,892,174 2,129,105 363,741 608,432 7,986,491        
      category
    		                       
      buildings
    		                       
      leasehold improvements
    		                       
      furniture, fixtures and equipment
    		                       
      vehicles
    		                       
      less: income from discontinued operations
    		                       
      amortization of debt issuance costs
    		2,200,000                       
      stock-based compensation
    		1,400,000                       
      acquisitions, net of cash received
    		   0 -3,300,000  -1,788,000 728,000 -64,916,000               
      net cash from investing activities
    		-1,100,000    -5,683,000 -5,706,000 -7,384,000 -1,127,000 -67,987,000 -4,006,000 -373,819,695 -610,343 -394,962 -983,954 -366,157 -422,742 -457,292 -699,982 -1,039,740 -1,674,209    
      increase in borrowings from non-trade floor plans
    		19,600,000   21,116,000 4,076,000 28,614,000 25,704,000 1,073,000 -5,843,000 -10,501,000              
      proceeds from debt
    		500,000                       
      other financing
    		-300,000                       
      revenue
    		                       
      new vehicles
    		155,000,000                       
      pre-owned vehicles
    		59,800,000                       
      total powersports vehicles
    		214,800,000                       
      parts, service and accessories
    		52,900,000                       
      finance and insurance
    		25,800,000                       
      vehicle transportation services
    		14,300,000                       
      total revenue
    		307,800,000                       
      timing of revenue recognition
    		                       
      goods and services transferred at a point in time
    		275,700,000                       
      good and services transferred over time
    		32,100,000                       
      forgiveness of ppp loan
    		     0    -2,110,000              
      stock based compensation expense
    		   4,910,000 2,911,000 2,135,000 2,605,000 2,753,000 1,879,000               
      impairment loss on goodwill and franchise rights
    		                       
      originations of loan receivables, net of principal payments received
    		 1,294,000 2,383,000 2,744,000 -121,000                   
      proceeds from sale leaseback transaction
    		 282,000                      
      proceeds from issuance of debt
    		                       
      proceeds from rof credit facility for the purchase of consumer finance loans
    		      9,275,000                 
      repayments of debt, including finance leases
    		                       
      debt issuance costs
    		 -13,000                      
      shares redeemed for employee tax obligations
    		                       
      net proceeds from sale of common stock in rights offering
    		                       
      net income from continuing operations
    		                       
      adjustments to reconcile net income from continuing operations to net cash from operating activities of continuing operations:
    		                       
      gain from change in value of derivatives
    		         25,000 6,517,678             
      valuation allowance charge for loan receivable held for sale
    		                       
      floorplan trade note payable
    		                       
      payments for acquisitions, net of cash received
    		                       
      purchases of property and equipment
    		                       
      proceeds from new secured debt
    		     0 0 0 84,500,000               
      repayment of debt and line of credit
    		  -50,677,000                     
      payments for notes payable and finance leases
    		                       
      net borrowings from non-trade floor financing plans
    		                       
      net increase in cash and restricted cash
    		                       
      cash and restricted cash at beginning of period-continuing operations
    		                       
      cash and restricted cash at beginning of period-discontinued operations
    		                       
      cash and restricted cash at end of period, including discontinued operations
    		                       
      less cash at end of period - discontinued operations
    		                       
      cash
    		                       
      class b common stock
    		                       
      acquiree transaction expenses paid by the company at closing
    		                       
      total purchase price consideration
    		                       
      net income from continued operations
    		                       
      adjustments to reconcile net income from continuing operations to net cash from operating activities:
    		                       
      amortization of debt discount
    		   2,440,000 2,324,000 2,447,000 567,000 1,434,000 1,935,000               
      write-down of loan receivable assets
    		                       
      repayment of note payables
    		                       
      net increase in cash
    		                       
      adjustments to reconcile net income to net cash from operating activities:
    		                       
      repayment of debt and notes payable
    		    -4,043,000                   
      proceeds from issuance of notes
    		        6,541,000               
      net change in cash
    		    3,205,000 9,364,000 -28,467,000 8,820,000 16,888,000   25,892,174 -1,386,782 363,741 608,432 1,260,209 -6,667,874 -5,839,388 8,315,419 -4,866,777 7,816,576 -10,690 5,416 
      cash from acquisitions; net of cash received
    		                 0 0 -835,000    
      repayments of debt and mortgage notes
    		     -15,000,000 -1,444,000 -1,194,000 -31,597,000               
      repayments of issuance of notes
    		                       
      proceeds from rumbleon finance (“rof”) credit facility for the purchase of consumer finance loans
    		                       
      net proceeds from sale of common stock
    		          154,442,594   0 0 10,780,080        
      estimated useful lives
    		                       
      (gain) income from change in value of derivatives
    		      0 0 -39,000               
      changes in finance receivable related assets and liabilities:
    		                       
      originations of finance receivables, net of principal payments received
    		                       
      changes in operating assets and liabilities, excluding impact of acquisitions:
    		                       
      repayments of (proceeds from) issuance of notes
    		      -25,000                 
      elimination of preexisting payable from ridenow to rumbleon
    		                       
      originations of finance receivables
    		                       
      principal payments received on finance receivables
    		                       
      total provisional purchase price consideration
    		                       
      changes in operating assets and liabilities:
    		                       
      increase in accounts receivable
    		        -10,565,000    -11,934,721     -415,780 51,693 -1,200,058    
      increase in inventory
    		        -1,279,000 -19,883,000 -35,027,451 4,358,764 -2,674,313  23,920,320 -9,765,663        
      decrease (increase) in prepaid expenses and other current assets
    		        658,000               
      increase in other assets
    		        -2,498,000 -1,076,000 -3,371,450 -72,217 -8,333   155,175        
      increase in other liabilities
    		        -2,062,000 3,342,000   -214,296           
      increase in accounts payable and accrued liabilities
    		        17,304,000 -13,293,000   4,695,873    793,660 -2,103,522 -2,914,363 -806,848    
      increase in lease right-of-use assets
    		        -9,778,000               
      increase in lease liabilities
    		        10,849,000               
      increase in floor plan trade note borrowings
    		        13,221,000               
      repayments of notes payable
    		                       
      bad debt expense
    		                       
      impairment loss on inventory
    		             0 0 11,738,413        
      impairment loss on property and equipment
    		                       
      gain from extinguishment of debt
    		             0          
      increase in prepaid expenses and other current assets
    		           -7,914 -604,766   -159,175 147,678       
      proceeds from sales of property and equipment
    		                128,648 0 0 40,620    
      proceeds from convertible note
    		                       
      proceeds from senior secured debt
    		         0              
      proceeds from ppp loan
    		             0          
      proceeds from sale of common stock
    		                17,880 0 8,629,772 6,525,775 17,719,270   
      amortization of debt discounts
    		          1,133,924 591,236 558,840 446,792 424,143 627,755  593,432 502,904 211,725    
      share based compensation
    		          24,729,709 701,275 1,734,016 862,555 716,391 846,370  689,130      
      gain on early extinguishment of debt
    		               -188,164        
      (increase) in accounts receivable
    		          11,071,091   3,453,429          
      decrease in floor plan trade note borrowings
    		                       
      cash from acquisition, net of cash received
    		                       
      (repayments of) proceeds from notes payable
    		                       
      net proceeds from ppp loan
    		                       
      used vehicles
    		                       
      powersports
    		                       
      automotive
    		                       
      total used vehicles
    		                       
      total new and used vehicles
    		                       
      transportation and vehicle logistics
    		                       
      decrease in accounts payable and accrued liabilities
    		             1,040,259 -556,034 -2,176,064        
      decrease in other liabilities
    		                       
      increase in accrued interest payable
    		           779,051 -657,951 -811,745 435,482 434,318 -345,553 395,782 400,466 92,573    
      proceeds from notes payable
    		           0 2,500,000  0 8,272,375        
      payments on notes payable
    		            -1,397,098 -192,000    0      
      net proceeds (payments) from lines of credit
    		                       
      proceeds from ppp loans
    		                       
      trade
    		           2,421,948 16,518,164 2,545,740 759,992 9,279,635 -3,841,341 401,182 236,031 12,573,861    
      finance receivables held for sale
    		                       
      less: allowance for doubtful accounts
    		           213,663 413,343 -331,334 -2,042,207 1,080,115 893,602 -60,347 31,771 169,893    
      income from change in value of derivatives
    		            20,652 20,345 -144,315 116,815  -630,000      
      net proceeds from line of credit
    		            10,842,623           
      finance
    		            5,237,860 -67,079 52,657 41,755 39,896 -35,782 -55,220 198,999    
      impairment loss on fixed assets
    		             0 0 177,626        
      (increase) in prepaid expenses and other current assets
    		                       
      decrease in inventory
    		                       
      decrease (increase) in other assets
    		                       
      proceeds from notes payable and convertible debt
    		                0 0      
      net repayments on lines of credit
    		                       
      decrease in prepaid expenses and other current assets
    		                   324,689    
      decrease in other assets
    		                       
      net proceeds (repayments) on lines of credit
    		                 -12,841,523      
      insurance
    		                       
      decrease (increase) in accounts receivable
    		               240,682        
      net proceeds (repayments) on line of credit
    		               2,097,755        
      income from extinguishment of debt
    		                0 0      
      goodwill impairment
    		                       
      (increase) in inventory
    		                       
      (increase) in other assets
    		                       
      net cash from acquisitions
    		                       
      repayments for notes payable
    		                       
      net proceeds from lines of credit
    		                       
      decrease (increase) in inventory
    		                   2,106,138    
      cash at beginning of period
    		                 0 0 15,784,902 1,349,017 0 0 
      cash at end of period
    		                 -5,839,388 8,315,419 10,918,125 9,165,593 -10,690 5,416 
      share based compensation expense
    		                   689,121    
      proceeds from note payable
    		                       
      net repayments on line of credit
    		                   -3,241,603    
      net cash provided (used in) financing activities
    		                   3,284,172    
      interest expense on conversion of debt
    		                       
      impairment of asset
    		                       
      increase in deferred tax liability
    		                       
      increase in prepaid expenses
    		                       
      cash from acquisitions
    		                       
      purchase of other assets
    		                       
      donated capital
    		                       
      net tangible assets acquired:
    		                       
      customer contracts
    		                       
      non-compete agreements
    		                       
      tangible assets acquired
    		                       
      goodwill
    		                       
      total purchase price
    		                       
      less: issuance of shares
    		                       
      less: debt issued
    		                       
      cash paid
    		                       
      adjustments to reconcile net income
    		                       
      to net cash from operating activities:
    		                       
      (increase) in prepaid expenses
    		                       
      increase in accounts payable
    		                      1,200 
      increase in accrued interest payable - related party
    		                     1,989 1,972 
      proceeds from note payable - related party
    		                      15,000 
      repayments for note payable - related party
    		                       
      payments for the purchase of treasury stock
    		                     0  
      supplemental information:
    		                       
      interest paid
    		                       
      income taxes paid
    		                       
      cash, beginning
    		                      0 
      cash, ending
    		                      5,416 
      increase in accounts payable and accounts payable - related party
    		                       
      website development costs
    		                       
      proceeds from the sale of common stock
    		                       
      deferred tax assets:
    		                       
      net operating income carryforward
    		                       
      total deferred tax assets
    		                       
      less: valuation allowance
    		                       
      net deferred tax assets
    		                       
      decrease in prepaid expenses
    		                       
      net increase/(decrease) in cash
    		                      5,416 
      (decrease) in accounts payable - related party
    		                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.