2024 Q3 Form 10-Q Financial Statement

#000149315224032215 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $760.0K $2.952M
YoY Change -74.52% 10.94%
Cost Of Revenue $560.0K $2.799M
YoY Change -77.34% 6.22%
Gross Profit $200.0K $153.0K
YoY Change -60.94% 488.46%
Gross Profit Margin 26.32% 5.18%
Selling, General & Admin $653.0K $1.414M
YoY Change -46.17% -9.53%
% of Gross Profit 326.5% 924.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$529.0K $322.0K
YoY Change -275.17% -21.46%
% of Gross Profit -264.5% 210.46%
Operating Expenses $652.0K $1.335M
YoY Change -44.46% -6.51%
Operating Profit -$452.0K -$1.182M
YoY Change -31.72% -15.69%
Interest Expense -$409.0K -$308.0K
YoY Change -297.58% -194.48%
% of Operating Profit
Other Income/Expense, Net -$376.0K -$306.0K
YoY Change -74.83% 26.97%
Pretax Income -$828.0K -$1.488M
YoY Change -61.6% -9.43%
Income Tax
% Of Pretax Income
Net Earnings -$1.359M -$1.488M
YoY Change -36.97% -9.43%
Net Earnings / Revenue -178.82% -50.41%
Basic Earnings Per Share -$0.66 -$0.87
Diluted Earnings Per Share -$0.66 -$0.87
COMMON SHARES
Basic Shares Outstanding 1.763M shares 1.706M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $310.0K $420.0K
YoY Change -13.41% -49.94%
Cash & Equivalents $310.0K $420.0K
Short-Term Investments
Other Short-Term Assets $2.816M $467.0K
YoY Change 281.06% -39.19%
Inventory $1.793M $3.043M
Prepaid Expenses
Receivables $105.0K $1.017M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.024M $4.947M
YoY Change -12.61% -19.47%
LONG-TERM ASSETS
Property, Plant & Equipment $112.0K $4.282M
YoY Change -97.76% -16.95%
Goodwill
YoY Change
Intangibles $4.178M $4.798M
YoY Change -23.66% -13.95%
Long-Term Investments
YoY Change
Other Assets $182.0K $422.0K
YoY Change -44.17% 24.12%
Total Long-Term Assets $11.20M $11.64M
YoY Change -14.05% -14.17%
TOTAL ASSETS
Total Short-Term Assets $5.024M $4.947M
Total Long-Term Assets $11.20M $11.64M
Total Assets $16.22M $16.59M
YoY Change -13.61% -15.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.388M $2.916M
YoY Change -29.11% 23.4%
Accrued Expenses $418.0K $742.0K
YoY Change -41.04% -49.9%
Deferred Revenue $51.00K
YoY Change -66.88%
Short-Term Debt $4.175M $4.258M
YoY Change 751.6%
Long-Term Debt Due $8.247M $8.209M
YoY Change 1326.82% -48.42%
Total Short-Term Liabilities $17.63M $17.17M
YoY Change 338.83% -21.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.056M $1.355M
YoY Change -35.37% -24.89%
Total Long-Term Liabilities $1.056M $1.355M
YoY Change -91.28% -24.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.63M $17.17M
Total Long-Term Liabilities $1.056M $1.355M
Total Liabilities $18.68M $18.52M
YoY Change 15.86% -21.99%
SHAREHOLDERS EQUITY
Retained Earnings -$87.00M -$85.60M
YoY Change 8.07% 9.32%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.460M -$1.934M
YoY Change
Total Liabilities & Shareholders Equity $16.22M $16.59M
YoY Change -13.61% -15.82%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.359M -$1.488M
YoY Change -36.97% -9.43%
Depreciation, Depletion And Amortization -$529.0K $322.0K
YoY Change -275.17% -21.46%
Cash From Operating Activities -$466.0K -$1.056M
YoY Change -55.91% 400.47%
INVESTING ACTIVITIES
Capital Expenditures $2.000K
YoY Change -95.56%
Acquisitions
YoY Change
Other Investing Activities $17.00K $83.00K
YoY Change -32.0% -43.15%
Cash From Investing Activities $19.00K $81.00K
YoY Change -120.21% -19.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 434.0K 1.059M
YoY Change -35.8% 55.28%
NET CHANGE
Cash From Operating Activities -466.0K -1.056M
Cash From Investing Activities 19.00K 81.00K
Cash From Financing Activities 434.0K 1.059M
Net Change In Cash -13.00K 84.00K
YoY Change -97.26% -85.31%
FREE CASH FLOW
Cash From Operating Activities -$466.0K -$1.056M
Capital Expenditures $2.000K
Free Cash Flow -$1.058M
YoY Change 313.28%

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65000 usd
CY2024Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
37000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-1488000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-1934000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-1934000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2781000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3241000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
628000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
817000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000 usd
us-gaap Other Income
OtherIncome
25000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
199000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
129000 usd
EAST Inventory Reserve
InventoryReserve
16000 usd
EAST Inventory Reserve
InventoryReserve
17000 usd
EAST Stock Dividend Payable
StockDividendPayable
75000 usd
EAST Stock Dividend Payable
StockDividendPayable
75000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
97000 usd
EAST Interest Accrued To Secured Trade Credit Facility
InterestAccruedToSecuredTradeCreditFacility
-18000 usd
EAST Interest Accrued To Secured Trade Credit Facility
InterestAccruedToSecuredTradeCreditFacility
-158000 usd
EAST Interest Accrued To Notes Payable
InterestAccruedToNotesPayable
-319000 usd
EAST Payment Of Accrued Interest On Secured Credit Facilities
PaymentOfAccruedInterestOnSecuredCreditFacilities
-117000 usd
EAST Interest Accrued To Secured Credit Facilities Related Party
InterestAccruedToSecuredCreditFacilitiesRelatedParty
-122000 usd
EAST Interest Accrued To Secured Credit Facilities Related Party
InterestAccruedToSecuredCreditFacilitiesRelatedParty
-247000 usd
EAST Payment Of Accrued Interest On Secured Credit Facilities Related Party
PaymentOfAccruedInterestOnSecuredCreditFacilitiesRelatedParty
81000 usd
EAST Payment Of Accrued Interest On Secured Credit Facilities Related Party
PaymentOfAccruedInterestOnSecuredCreditFacilitiesRelatedParty
243000 usd
EAST Issuance Of Common Stock For Services By Third Parties
IssuanceOfCommonStockForServicesByThirdParties
-4000 usd
EAST Issuance Of Common Stock For Services By Third Parties
IssuanceOfCommonStockForServicesByThirdParties
-83000 usd
EAST Issuance Of Common Stock For Services By Employees
IssuanceOfCommonStockForServicesByEmployees
-65000 usd
EAST Issuance Of Common Stock For Services By Employees
IssuanceOfCommonStockForServicesByEmployees
-60000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
453000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-185000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-848000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-210000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
216000 usd
EAST Increase Decrease In Rou Assets
IncreaseDecreaseInROUAssets
-462000 usd
EAST Increase Decrease In Rou Assets
IncreaseDecreaseInROUAssets
-497000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
600000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
637000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
167000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-51000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
81000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
458000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-37000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
136000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-448000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-525000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1137000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-639000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
97000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
146000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
95000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
73000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
651000 usd
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
1100000 usd
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
31000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
41000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1059000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
682000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
116000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
403000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
723000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
420000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
839000 usd
us-gaap Interest Paid Net
InterestPaidNet
81000 usd
us-gaap Interest Paid Net
InterestPaidNet
441000 usd
EAST Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
249000 usd
EAST Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
687000 usd
EAST Exchange Of Assets For Services
ExchangeOfAssetsForServices
42000 usd
EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
396000 usd
EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
128000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_807_eus-gaap--NatureOfOperations_zId8ZW9yP2Hb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_827_zAB08D3cN4B5">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Eastside Distilling (the “Company” or “Eastside Distilling”) was incorporated under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, the Company changed its corporate name to Eastside Distilling, Inc. to reflect the acquisition of Eastside Distilling, LLC. The Company manufactures, acquires, blends, bottles, imports, markets and sells a wide variety of alcoholic beverages under recognized brands. The Company currently employs 49 people in the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company operates a beverage packaging and services business that operates in the beverage segment. During 2022, the Company made substantial investments to expand its product offerings to include digital can printing in the Pacific Northwest (together Craft Canning + Printing, “Craft C+P”). Craft C+P operates mobile filling lines and offers co-packing services with end-to-end production capabilities in Portland, Oregon.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s spirits’ brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila. The Company sells products on a wholesale basis to distributors in open states and through brokers in control states.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85600000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2800000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zU7GqBx8dPR2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zYoBb1Oz5fP8">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
EAST Customer Programs And Incentives Paid
CustomerProgramsAndIncentivesPaid
100000 usd
EAST Customer Programs And Incentives Paid
CustomerProgramsAndIncentivesPaid
100000 usd
us-gaap Excise Taxes Collected
ExciseTaxesCollected
100000 usd
us-gaap Excise Taxes Collected
ExciseTaxesCollected
100000 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
44482 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
100000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zZ6nc5FnkpKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zkFJa4goOdgf">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of trade receivables. As of June 30, 2024, one customer represented <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_ztHbUqVqCmy7" title="Trade receivable percentage">10</span>% of trade receivables. As of December 31, 2023, one distributor represented <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorMember_zCoDGFzVPri9" title="Trade receivable percentage">1</span>% of trade receivables. Sales to one distributor accounted for <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorMember_zaDw48HZj1V3" title="Trade receivable percentage">16</span>% of consolidated sales for the six months ended June 30, 2024. Sales to one distributor and one wholesale customer accounted for <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneDistributorAndOneWholesaleCustomerMember_zR2hNvB5LKff" title="Concentration risk percentage">27</span>% of consolidated sales for the six months ended June 30, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
EAST Interest Charged On Advance Payment Amount
InterestChargedOnAdvancePaymentAmount
500000 usd
EAST Interest Charged On Advance Rate
InterestChargedOnAdvanceRate
0.01 pure
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2034000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2253000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1009000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
959000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
3043000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3212000 usd
CY2024Q2 EAST Prepayment Of Inventory
PrepaymentOfInventory
51000 usd
CY2023Q4 EAST Prepayment Of Inventory
PrepaymentOfInventory
52000 usd
CY2024Q2 EAST Future Proceeds Related To Installment Sale Of Equipment
FutureProceedsRelatedToInstallmentSaleOfEquipment
233000 usd
CY2023Q4 EAST Future Proceeds Related To Installment Sale Of Equipment
FutureProceedsRelatedToInstallmentSaleOfEquipment
89000 usd
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
183000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
222000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
467000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
363000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8962000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9439000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4680000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4671000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4282000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4768000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2200 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
100000 usd
us-gaap Depreciation
Depreciation
400000 usd
us-gaap Depreciation
Depreciation
600000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
100000 usd
EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
400000 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
100000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
200000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
300000 usd
EAST Future Proceeds Related To Installment Sales Of Equipment
FutureProceedsRelatedToInstallmentSalesOfEquipment
100000 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
200000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
100000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7073000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7073000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2275000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2068000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4798000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5005000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
200000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
200000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q2 EAST Other Assets Gross
OtherAssetsGross
793000 usd
CY2023Q4 EAST Other Assets Gross
OtherAssetsGross
912000 usd
CY2024Q2 EAST Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
371000 usd
CY2023Q4 EAST Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
344000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
422000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
568000 usd
CY2024Q2 EAST Capitalized Costs Related To Services
CapitalizedCostsRelatedToServices
400000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
27500 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
28571 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2100000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2300000 usd
us-gaap Lease Cost
LeaseCost
400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
500000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
499000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1020000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
808000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
135000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2462000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
198000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2264000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M29D
CY2024Q2 us-gaap Notes Payable
NotesPayable
8117000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
8042000 usd
CY2024Q2 us-gaap Notes Payable Current
NotesPayableCurrent
8117000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
486000 usd
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7556000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
486000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7631000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
8117000 usd
CY2024Q2 EAST Stock Issuance Cost Percentage
StockIssuanceCostPercentage
0.05 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q3 EAST Debt Satisfaction Agreement Description
DebtSatisfactionAgreementDescription
On September 29, 2023, the Company entered into a Debt Satisfaction Agreement (the “DSA”) with the SPV, Aegis, Bigger, District 2, LDI and TQLA, LLC. The SPV is a special purpose vehicle whose equity is shared 50% by Bigger and District 2 and 50% by Aegis and LDI.
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1300000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2120 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
57.95
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2120 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
57.95
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
201667 shares
CY2023 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermBeginning
P3Y4M24D
CY2023Q4 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
34.87
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
201667 shares
EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermEnding
P3Y4M24D
CY2024Q2 EAST Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
34.87
CY2023Q1 EAST Assets Requirement From Related Party Transaction
AssetsRequirementFromRelatedPartyTransaction
100000 usd
CY2023Q1 EAST Percentage Of Average Of Assets Net
PercentageOfAverageOfAssetsNet
0.01 pure
CY2023Q1 us-gaap Other Assets
OtherAssets
200000 usd

Files In Submission

Name View Source Status
east-20240630_cal.xml Edgar Link unprocessable
0001493152-24-032215-index-headers.html Edgar Link pending
0001493152-24-032215-index.html Edgar Link pending
0001493152-24-032215.txt Edgar Link pending
0001493152-24-032215-xbrl.zip Edgar Link pending
east-20240630.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
form10-q_002.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
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east-20240630_def.xml Edgar Link unprocessable
east-20240630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
east-20240630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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