THE REAL GOOD FOOD COMPANY, INC. Consolidated Statements of Operations (In thousands, except share/unit and per share/unit data) YEARENDED DECEMBER 31, 2022 2021 Netsales ............................................................. $ 141,588 $ 84,085 Costofsales ...................................................... 128,339 73,791 Grossprofit ........................................................... 13,249 10,294 Operating expenses: Sellinganddistribution .......................................... 20,607 14,965 Marketing .................................................... 6,020 20,649 Administrative ................................................. 25,011 27,792 Totaloperatingexpenses ..................................... 51,638 63,406 Lossfromoperations .................................................... (38,389) (53,112) Interestexpense ........................................................ 7,421 5,365 Otherincome .......................................................... (144) (309) Changeinfairvalueofconvertibledebt ..................................... — 8,925 Lossbeforeincometaxes ................................................ (45,666) (67,093) Incometaxexpense ..................................................... — — NetLoss.............................................................. $ (45,666) $ (67,093) Less: net loss attributable to non-controlling interest . . . . . . . . . . . . . . . . . . . . . . . (34,684) (32,117) Less:netlosspriortothereorganization ................................ — (24,833) Net loss attributable to The Real Good Food Company, Inc. . . . . . . . . . . . . . . . . . . . . . $ (10,983) $ (10,143) Net loss per common share/unit (basic and diluted) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (1.77) $ (1.64) Weighted-average common shares units outstanding (basic and diluted) . . . . . . . . . . . 6,193,017 6,169,885 See accompanying notes to the Consolidated Financial Statements. 52
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