THE REAL GOOD FOOD COMPANY, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY/DEFICIT (In thousands except for share data) Members’ Equity Members’ Accumulated Deficit ClassA Common Stock ClassB Common Stock Additional Paid-in Capital Accumulated Deficit Non-Controlling Interest Total Equity (Deficit) Units Amount Units Amount Balance, December 31, 2020 ............ $ 9,065 $(39,232) — — — — — — — $(30,167) Net loss prior to the Organizational Transactions ....................... — (24,833) —— —— — — — (24,833) Effects of the Reorganization (see Note 9) ............................ (9,065) 64,065 — — — — (55,000) — — — Issuance of Class A common stock in the IPO, net of transaction costs .......... — — 5,333,333 1 — — 55,768 — — 55,769 Issuance of Class B common stock . . . . . . . — — — — 14,422,924 1 — — — 1 Activity subsequent to the initial public offering and related organizational transactions: ........................ ———— ———— — — Issuance of Class A and Class B common stock to Convertible Note Holders . . . . . — — 836,552 — 2,809,281 — 43,750 — — 43,750 Unitization of profit interest units . . . . . . . . — — — — 2,345,476 1 28,146 — — 28,147 Non-controlling interest ................ — — — — — — (23,550) — 23,550 — Net loss subsequent to the reorganization ...................... — — —— —— —(10,143) (32,118) (42,261) Equity-based compensation . . . . . . . . . . . . . . — — — — — — 579 — — 579 Balance, December 31, 2021 — — 6,169,885 1 19,577,681 2 49,693 (10,143) (8,568) 30,985 Netloss .............................. — — —— —— —(10,983) — (10,983) Non-controlling interest . . . . . . . . . . . . . . . . . — — —— —— — — (34,684) (34,684) Sharesissued.......................... — — 200,000 — (200,000) — — — — — Equity-based compensation . . . . . . . . . . . . . . — — 54,955 — — 6,581 — — 6,581 Balance, December 31, 2022 — — 6,424,840 $ 1 19,377,681 $ 2 $ 56,273 $(21,126) $(43,252) $ (8,102) See accompanying notes to the Consolidated Financial Statements. 54
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