Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 2,609 $ 2,034
Restricted cash 1,300 1,298
Trade receivables, net 10,332 17,919
Inventories 22,922 32,908
Prepaid expenses and other current assets 2,593 2,115
Total current assets 39,756 56,274
Non-current assets    
Property, plant and equipment, net 31,704 51,185
Right-of-use assets - finance, net 1,659 2,242
Right-of-use assets - operating, net 12,045 12,296
Investments   1
Intangible assets, net 75,086 84,801
Loans receivable 945 1,066
Deferred tax asset 520 3,657
Goodwill 17,721 17,721
Other assets 3,158 1,945
TOTAL ASSETS 182,594 231,188
Current liabilities    
Accounts payable and accrued liabilities 47,898 49,098
Income taxes payable 2,498 2,564
Deferred revenue 3,734 6,083
Finance lease liability, current portion 1,148 1,203
Operating lease liability, current portion 102 72
Notes payable, current portion 28,063 17,052
Total current liabilities 83,443 76,072
Non-current liabilities    
Finance lease liability, net of current portion 2,208 3,041
Operating lease liability, net of current portion 12,728 12,743
Notes payable, net of discount, net of current portion 37,916 35,108
Massachusetts lease liability 41,362 40,774
Other liabilities 536 1,057
TOTAL LIABILITIES 178,193 168,795
Shareholders' equity    
Common shares, without par value, unlimited shares authorized, 390,558,148 and 384,833,546 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 856,558 856,422
Additional paid-in capital 226,105 225,250
Warrants 5,106 5,835
Accumulated other comprehensive income 966 973
Accumulated deficit (1,084,334) (1,026,087)
TOTAL SHAREHOLDERS' EQUITY 4,401 62,393
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 182,594 $ 231,188