Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,003 $ 2,034
Restricted cash 1,300 1,298
Trade receivables, net 11,904 17,919
Inventories 22,505 32,908
Prepaid expenses and other current assets 2,135 2,115
Total current assets 40,847 56,274
Non-current assets    
Property, plant and equipment, net 30,733 51,185
Right-of-use assets - finance, net 1,459 2,242
Right-of-use assets - operating, net 11,941 12,296
Investments   1
Intangible assets, net 44,549 84,801
Loans receivable 916 1,066
Deferred tax asset   3,657
Goodwill 17,721 17,721
Other assets 3,158 1,945
TOTAL ASSETS 151,324 231,188
Current liabilities    
Accounts payable and accrued liabilities 51,895 49,098
Income taxes payable 2,815 2,564
Deferred revenue 3,143 6,083
Finance lease liability, current portion 1,146 1,203
Operating lease liability, current portion 120 72
Notes payable, current portion 28,336 17,052
Total current liabilities 87,455 76,072
Non-current liabilities    
Finance lease liability, net of current portion 2,022 3,041
Operating lease liability, net of current portion 12,695 12,743
Notes payable, net of discount, net of current portion 43,751 35,108
Massachusetts lease liability 41,556 40,774
Deferred tax liability 697  
Other liabilities 350 1,057
TOTAL LIABILITIES 188,526 168,795
Shareholders' (deficit) equity    
Common shares, without par value, unlimited shares authorized, 391,231,496 and 384,833,546 issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 856,243 856,422
Additional paid-in capital 226,242 225,250
Warrants 5,106 5,835
Accumulated other comprehensive income 964 973
Accumulated deficit (1,125,757) (1,026,087)
TOTAL SHAREHOLDERS' (DEFICIT) EQUITY (37,202) 62,393
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY $ 151,324 $ 231,188