Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,377 $ 2,034
Restricted cash 1,300 1,298
Trade receivables, net 11,233 17,919
Inventories 27,487 32,908
Prepaid expenses and other current assets 1,466 2,115
Total current assets 42,863 56,274
Non-current assets    
Property, plant and equipment, net 32,831 51,185
Right-of-use assets - finance, net 1,854 2,242
Right-of-use assets - operating, net 12,155 12,296
Investments   1
Intangible assets, net 78,325 84,801
Loans receivable 1,002 1,066
Deferred tax asset   3,657
Goodwill 17,721 17,721
Other assets 3,171 1,945
TOTAL ASSETS 189,922 231,188
Current liabilities    
Accounts payable and accrued liabilities 45,119 49,098
Income taxes payable 2,925 2,564
Deferred revenue 3,979 6,083
Finance lease liability, current portion 1,273 1,203
Operating lease liability, current portion 92 72
Notes payable, current portion 24,437 17,052
Total current liabilities 77,825 76,072
Non-current liabilities    
Finance lease liability, net of current portion 2,390 3,041
Operating lease liability, net of current portion 12,760 12,743
Notes payable, net of discount, net of current portion 37,669 35,108
Massachusetts lease liability 41,173 40,774
Deferred tax liability 472  
Other liabilities 716 1,057
TOTAL LIABILITIES 173,005 168,795
Shareholders' equity    
Common shares, without par value, unlimited shares authorized, 390,491,408 and 384,833,546 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 856,532 856,422
Additional paid-in capital 225,270 225,250
Warrants 5,835 5,835
Accumulated other comprehensive income 965 973
Accumulated deficit (1,071,685) (1,026,087)
TOTAL SHAREHOLDERS' EQUITY 16,917 62,393
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 189,922 $ 231,188