2024 Q2 Form 10-K Financial Statement

#000162828024016208 Filed on April 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $18.66M $20.98M $97.44M
YoY Change -39.22% -33.64% -17.83%
Cost Of Revenue $11.32M $12.66M $51.54M
YoY Change -46.36% -59.53% -33.43%
Gross Profit $7.339M $8.320M $45.89M
YoY Change -23.52% 2391.02% 11.52%
Gross Profit Margin 39.34% 39.66% 47.1%
Selling, General & Admin $11.09M $13.98M $63.41M
YoY Change -22.38% -37.06% 0.97%
% of Gross Profit 151.04% 168.08% 138.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $1.338M $5.560M
YoY Change -44.44% -10.5% -33.33%
% of Gross Profit 13.63% 16.08% 12.12%
Operating Expenses $11.73M $14.70M $66.74M
YoY Change -23.73% -34.43% 1.14%
Operating Profit -$4.390M -$6.378M -$20.85M
YoY Change -24.07% -71.12% -16.06%
Interest Expense $7.305M $13.81M
YoY Change -397.19% -250.86%
% of Operating Profit
Other Income/Expense, Net -$852.0K $152.0K -$16.78M
YoY Change 28.51% -98.8% -226.95%
Pretax Income -$5.242M $1.119M -$37.63M
YoY Change -44.9% -104.35% 1.77%
Income Tax $0.00 $6.274M $7.092M
% Of Pretax Income 560.68%
Net Earnings -$4.867M -$6.680M -$91.65M
YoY Change -57.56% -74.15% 95.42%
Net Earnings / Revenue -26.09% -31.84% -94.06%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.14
COMMON SHARES
Basic Shares Outstanding 912.9M shares 668.2M shares 649.7M shares
Diluted Shares Outstanding 913.6M shares 649.7M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.398M $3.398M
YoY Change -77.63% -77.63%
Cash & Equivalents $2.424M $3.398M
Short-Term Investments
Other Short-Term Assets $5.020M $5.020M
YoY Change 315.91% 315.91%
Inventory $17.56M $17.09M $17.09M
Prepaid Expenses
Receivables $5.033M $3.682M $3.682M
Other Receivables $1.603M $735.0K $4.725M
Total Short-Term Assets $36.06M $33.91M $33.91M
YoY Change -23.99% -36.34% -36.34%
LONG-TERM ASSETS
Property, Plant & Equipment $37.60M $36.55M $155.1M
YoY Change -32.24% -35.77% -20.63%
Goodwill $41.81M $41.81M
YoY Change -22.47% -22.58%
Intangibles $25.83M $26.79M
YoY Change -12.53% -13.37%
Long-Term Investments
YoY Change
Other Assets $2.419M $2.419M
YoY Change -56.92% -56.92%
Total Long-Term Assets $242.9M $230.0M $230.0M
YoY Change -14.18% -21.07% -21.07%
TOTAL ASSETS
Total Short-Term Assets $36.06M $33.91M $33.91M
Total Long-Term Assets $242.9M $230.0M $230.0M
Total Assets $279.0M $264.0M $264.0M
YoY Change -15.59% -23.43% -23.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.26M $11.42M $11.42M
YoY Change -9.94% -10.13% -10.13%
Accrued Expenses $10.73M $10.73M
YoY Change -42.73% -42.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $25.63M $25.63M
YoY Change 182.92% 182.92%
Total Short-Term Liabilities $113.5M $104.0M $104.0M
YoY Change 39.71% 34.28% 34.28%
LONG-TERM LIABILITIES
Long-Term Debt $58.54M $58.54M
YoY Change -22.05% -22.05%
Other Long-Term Liabilities $140.9M $140.9M
YoY Change -9.4% -9.4%
Total Long-Term Liabilities $58.54M $199.5M
YoY Change -74.62% -13.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.5M $104.0M $104.0M
Total Long-Term Liabilities $58.54M $199.5M
Total Liabilities $323.5M $315.3M $315.5M
YoY Change 0.26% -0.33% -0.32%
SHAREHOLDERS EQUITY
Retained Earnings -$450.7M -$427.4M
YoY Change 25.68% 27.3%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$44.65M -$51.50M -$51.50M
YoY Change
Total Liabilities & Shareholders Equity $279.0M $264.0M $264.0M
YoY Change -15.59% -23.43% -23.43%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$4.867M -$6.680M -$91.65M
YoY Change -57.56% -74.15% 95.42%
Depreciation, Depletion And Amortization $1.000M $1.338M $5.560M
YoY Change -44.44% -10.5% -33.33%
Cash From Operating Activities $2.191M -$1.836M
YoY Change -79.61% -120.94%
INVESTING ACTIVITIES
Capital Expenditures $3.094M $3.361M
YoY Change -3163.37% 38.09%
Acquisitions $850.0K
YoY Change -96.6%
Other Investing Activities $451.0K -$83.00K
YoY Change 8920.0% -99.66%
Cash From Investing Activities -$2.643M -$3.444M
YoY Change -2593.4% -87.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.085M -$5.549M
YoY Change -214.33% -151.82%
NET CHANGE
Cash From Operating Activities 2.191M -$1.836M
Cash From Investing Activities -2.643M -$3.444M
Cash From Financing Activities 1.085M -$5.549M
Net Change In Cash 633.0K -$10.83M
YoY Change -93.61% 46.52%
FREE CASH FLOW
Cash From Operating Activities $2.191M -$1.836M
Capital Expenditures $3.094M $3.361M
Free Cash Flow -$903.0K -$5.197M
YoY Change -108.32% -182.05%

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NATURE OF OPERATIONS<div style="margin-bottom:0.08pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:0.08pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4Front Ventures Corp. (“4Front” or the “Company”) exists pursuant to the provisions of the British Columbia Corporations Act. The Company operates the business through two segments: THC Cannabis and CBD Wellness. As of December 31, 2023, the Company's THC Cannabis segment consists of five dispensaries and four production and cultivation facilities across Illinois and Massachusetts. Also, as part of its THC Cannabis segment, the Company leases real estate, sells equipment and supplies, and licenses intellectual property to cannabis producers in the state of Washington. The Company’s CBD Wellness segment sells non-THC hemp derived products across the United States. </span></div><div style="margin-bottom:0.08pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:0.08pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">While marijuana is legal under the laws of several U.S. states (with varying restrictions), the United States Federal Controlled Substances Act classifies all “marijuana” as a Schedule I drug, whether for medical or recreational use. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of safety for the use of the drug under medical supervision.</span></div><div style="margin-bottom:0.08pt;text-align:justify"><span><br/></span></div><div style="margin-bottom:0.08pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">Management continues to evaluate the impact of the COVID-19 pandemic on the Company’s industry and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position and results of its operations the specific impact is not readily determinable as of the date of these consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span></div>
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Use of Estimates<div style="margin-bottom:0.08pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:125%">The preparation of the Company’s financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, and revenue and expenses. We cannot predict what future laws and regulations might be passed that could have a material effect on our results of operations. We assess the impact of significant changes in laws and regulations on a regular basis and update the assumptions and estimates used to prepare our financial statements when we deem it necessary. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Actual results may differ from these estimates. The most critical and subjective areas are discussed in detail elsewhere in the Notes to Consolidated Financial Statements.</span></div>
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FiniteLivedIntangibleAssetsAccumulatedAmortization
9371000 usd
CY2023 us-gaap Amortization Of Intangible Assets
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2447000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11818000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6500000 usd
CY2023Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1134000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1134000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
23155000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
18652000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
41807000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
41807000 usd
CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Reporting Unit Zero Or Negative Carrying Amount Amount Of Allocated Goodwill
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41800000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
20900000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
17500000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
15330000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
12071000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
94000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P18Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.137
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.137
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16336000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16854000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17295000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17672000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
18119000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
305054000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
391330000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
265664000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
125666000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
8961000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9269000 usd
CY2023 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
2342000 usd
CY2022 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
2673000 usd
CY2023 us-gaap Lease Income
LeaseIncome
11303000 usd
CY2022 us-gaap Lease Income
LeaseIncome
11942000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
9421000 usd
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
10378000 usd
CY2023 ffntf Lease Receivables Interest During Period
LeaseReceivablesInterestDuringPeriod
2342000 usd
CY2022 ffntf Lease Receivables Interest During Period
LeaseReceivablesInterestDuringPeriod
2673000 usd
CY2023 ffntf Lease Receivables Lease Payment Received During Period
LeaseReceivablesLeasePaymentReceivedDuringPeriod
3810000 usd
CY2022 ffntf Lease Receivables Lease Payment Received During Period
LeaseReceivablesLeasePaymentReceivedDuringPeriod
3630000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
7953000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
9421000 usd
CY2023Q4 us-gaap Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
3990000 usd
CY2022Q4 us-gaap Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
3810000 usd
CY2023Q4 us-gaap Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
3963000 usd
CY2022Q4 us-gaap Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
5611000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
3990000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
4170000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
2880000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
0 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
0 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
0 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
11040000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
3087000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
7953000 usd
CY2023Q4 us-gaap Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
3990000 usd
CY2023Q4 us-gaap Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
3963000 usd
CY2023Q4 us-gaap Long Term Debt
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84173000 usd
CY2022Q4 us-gaap Long Term Debt
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84165000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25630000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
58543000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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84173000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
25630000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
58543000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
16000000 usd
CY2022Q1 ffntf Finance Liability Term Of Contract
FinanceLiabilityTermOfContract
P20Y
CY2022Q1 ffntf Finance Liability Number Of Extension Options
FinanceLiabilityNumberOfExtensionOptions
2 extensionoption
CY2022Q1 ffntf Finance Liability Renewal Term
FinanceLiabilityRenewalTerm
P5Y
CY2022Q1 ffntf Finance Liability Monthly Payment Amount
FinanceLiabilityMonthlyPaymentAmount
100000 usd
CY2022Q1 ffntf Finance Liability Payment Amount Annual Increase Percentage
FinanceLiabilityPaymentAmountAnnualIncreasePercentage
0.03
CY2023Q4 ffntf Finance Liability
FinanceLiability
16000000 usd
CY2023 ffntf Finance Liability Interest Expense
FinanceLiabilityInterestExpense
0 usd
CY2021Q4 us-gaap Shares Outstanding
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594181604 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
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49234671 shares
CY2022Q4 us-gaap Shares Outstanding
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643416275 shares
CY2023 us-gaap Stock Issued During Period Shares New Issues
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26103074 shares
CY2023Q4 us-gaap Shares Outstanding
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669519349 shares
CY2023Q4 us-gaap Shares Outstanding
SharesOutstanding
669519349 shares
CY2023Q4 us-gaap Shares Outstanding
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669519349 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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26192237 shares
CY2021Q4 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Outstanding
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CY2022 ffntf Class Of Warrants Or Rights Issued During Period
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2999975 shares
CY2022 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Issued
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CY2022 ffntf Class Of Warrants Or Rights Exercised During Period
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91436 shares
CY2022 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Exercised
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CY2022 ffntf Class Of Warrants Or Rights Expired During Period
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22748498 shares
CY2022 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Expired
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CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
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CY2022Q4 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Outstanding
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CY2023 ffntf Class Of Warrants Or Rights Issued During Period
ClassOfWarrantsOrRightsIssuedDuringPeriod
2658425 shares
CY2023 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Issued
WeightedAveragePricePerShareClassOfWarrantsOrRightsIssued
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CY2023 ffntf Class Of Warrants Or Rights Expired During Period
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2227303 shares
CY2023 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Expired
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CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
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CY2023Q4 ffntf Weighted Average Price Per Share Class Of Warrants Or Rights Outstanding
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CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
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6783400 shares
CY2023 ffntf Number Of Equity Incentive Plans
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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43672411 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P2Y11M19D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
35161000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2022 ffntf Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M18D
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
133333 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
13683459 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.96
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.86
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y5M15D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
68294666 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2023 ffntf Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M7D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
52218860 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.84
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
91702766 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.34
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M10D
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
133333 shares
CY2023 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
18106000 usd
CY2022 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
13771000 usd
CY2023 us-gaap Labor And Related Expense
LaborAndRelatedExpense
16906000 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
18239000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
6860000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
7214000 usd
CY2023 us-gaap Professional Fees
ProfessionalFees
4014000 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
5353000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7767000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
625000 usd
CY2023 us-gaap Taxes And Licenses
TaxesAndLicenses
1634000 usd
CY2022 us-gaap Taxes And Licenses
TaxesAndLicenses
1400000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1485000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1614000 usd
CY2023 ffntf Security Expenses
SecurityExpenses
1353000 usd
CY2022 ffntf Security Expenses
SecurityExpenses
1253000 usd
CY2023 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
5282000 usd
CY2022 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6803000 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
63407000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
56272000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
172000 usd
CY2023 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
7093000 usd
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
9907000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2645000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12031000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
825000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2518000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2606000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3521000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1017000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1121000 usd
CY2023 ffntf Income Tax Expense Benefit Including Discontinued Operation
IncomeTaxExpenseBenefitIncludingDiscontinuedOperation
7093000 usd
CY2022 ffntf Income Tax Expense Benefit Including Discontinued Operation
IncomeTaxExpenseBenefitIncludingDiscontinuedOperation
9907000 usd
CY2023 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-36970000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-17753000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-7764000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
16164000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
14419000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2444000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
280000 usd
CY2023 ffntf Income Tax Reconciliation Change In Change In State Rate Reconciliation
IncomeTaxReconciliationChangeInChangeInStateRateReconciliation
79000 usd
CY2022 ffntf Income Tax Reconciliation Change In Change In State Rate Reconciliation
IncomeTaxReconciliationChangeInChangeInStateRateReconciliation
101000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2622000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4524000 usd
CY2023 ffntf Effective Income Tax Rate Reconciliation Change In Uncertain Tax Position Amount
EffectiveIncomeTaxRateReconciliationChangeInUncertainTaxPositionAmount
8524000 usd
CY2022 ffntf Effective Income Tax Rate Reconciliation Change In Uncertain Tax Position Amount
EffectiveIncomeTaxRateReconciliationChangeInUncertainTaxPositionAmount
0 usd
CY2023 ffntf Effective Income Tax Rate Reconciliation Deduction Interest And Penalties Amount
EffectiveIncomeTaxRateReconciliationDeductionInterestAndPenaltiesAmount
3464000 usd
CY2022 ffntf Effective Income Tax Rate Reconciliation Deduction Interest And Penalties Amount
EffectiveIncomeTaxRateReconciliationDeductionInterestAndPenaltiesAmount
2689000 usd
CY2022 ffntf Effective Income Tax Rate Reconciliation Acquisition Related Adjustments
EffectiveIncomeTaxRateReconciliationAcquisitionRelatedAdjustments
-6142000 usd
CY2023 ffntf Effective Income Tax Rate Reconciliation Lease Deferred Tax True Up
EffectiveIncomeTaxRateReconciliationLeaseDeferredTaxTrueUp
-683000 usd
CY2022 ffntf Effective Income Tax Rate Reconciliation Lease Deferred Tax True Up
EffectiveIncomeTaxRateReconciliationLeaseDeferredTaxTrueUp
688000 usd
CY2023 ffntf Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
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CY2022 ffntf Effective Income Tax Rate Reconciliation Return To Provision
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