Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 2,219 $ 2,034
Restricted cash 1,300 1,298
Trade receivables, net 17,777 17,919
Inventories 36,838 32,908
Prepaid expenses and other current assets 1,749 2,115
Total current assets 59,883 56,274
Non-current assets    
Property, plant and equipment, net 49,847 51,185
Right-of-use assets - finance, net 2,048 2,242
Right-of-use assets - operating, net 12,266 12,296
Investments   1
Intangible assets, net 81,563 84,801
Loans receivable 1,030 1,066
Deferred tax asset 5,524 3,657
Goodwill 17,721 17,721
Other assets 1,945 1,945
TOTAL ASSETS 231,827 231,188
Current liabilities    
Accounts payable and accrued liabilities 53,601 49,098
Income taxes payable 2,772 2,564
Deferred revenue 4,241 6,083
Finance lease liability, current portion 1,238 1,203
Operating lease liability, current portion 82 72
Notes payable, current portion 29,128 17,052
Total current liabilities 91,062 76,072
Non-current liabilities    
Finance lease liability, net of current portion 2,721 3,041
Operating lease liability, net of current portion 12,791 12,743
Notes payable, net of discount, net of current portion 30,545 35,108
Massachusetts lease liability 40,977 40,774
Other liabilities 889 1,057
TOTAL LIABILITIES 178,985 168,795
Shareholders' equity    
Common shares, without par value, unlimited shares authorized, 387,447,009 and 384,833,546 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 856,512 856,422
Additional paid-in capital 225,267 225,250
Warrants 5,835 5,835
Accumulated other comprehensive income 966 973
Accumulated deficit (1,035,738) (1,026,087)
TOTAL SHAREHOLDERS' EQUITY 52,842 62,393
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 231,827 $ 231,188