edbl_ex992.htm

EXHIBIT 99.2

The following table sets forth the Edible Garden AG Incorporated Unaudited Consolidated Balance Sheets as of June 30, 2025 as follows:

	·	on an actual basis;
	·	pro forma adjustment to reflect the classification of the Series B Preferred Stock as permanent equity; and
	·	on a pro forma, as adjusted basis to reflect the classification of the Series B Preferred Stock as permanent equity.

EDIBLE GARDEN AG INCORPORATED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except shares)

	As of June 30, 2025
							Unaudited,
	Unaudited,			Unaudited,			Pro Forma
	Actual			Pro Forma			As Adjusted

ASSETS

Current assets:
Cash	$	2,821		$			$	2,821
Accounts receivable, net		1,211						1,211
Inventory, net		1,367						1,367
Prepaid expenses and other current assets		490						490
								-
Total current assets		5,889						5,889

Property, equipment and leasehold improvements, net		11,006						11,006
Operating lease right-of-use assets		4,480						4,480
Finance lease right-of-use assets		92						92
Intangible assets, net		313						313
Other assets		34						34
								-
TOTAL ASSETS	$	21,814		$			$	21,814

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
LIABILITIES:
Current liabilities:
Accounts payable and other accrued expenses	$	2,375		$				2,375
Current maturities of operating lease liabilities		219			-			219
Current maturities of finance lease liabilities		43			-			43
Short-term debt, net of discounts		1,317						1,317
								-
Total current liabilities		3,954						3,954

Long-term liabilities:
Long-term debt, net of discounts		334						334
Long-term operating lease liabilities		881						881
Long-term finance lease liabilities		53						53
								-
Total long-term liabilities		1,268						1,268
								-
Total liabilities		5,222						5,222

COMMITMENTS AND CONTINGENCIES (Note 10)

MEZZANINE EQUITY
Series B redeemable preferred stock		15,000			(15,000	)		-

STOCKHOLDERS’ EQUITY (DEFICIT):
Common stock ($0.0001 par value, 100,000,000 shares authorized, 2,828,661 and 1,065,402 shares outstanding as of June 30, 2025 and December 31, 2024, respectively (1))		-			-
Preferred stock		-			15,000			15,000
Additional paid-in capital		50,270						50,270
Obligation to issue shares		-						-
Accumulated deficit		(48,678	)					(48,678	)
								-
Total stockholders’ equity (deficit)		1,592			15,000			16,592

TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	21,814		$			$	21,814

⁽¹⁾ Adjusted to reflect all past stock splits.