v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 1,255 $ 2,547
Accounts receivable, net 4,938 4,010
Due from factoring of accounts receivable 54 1,514
Inventories, net 1,610 1,711
Prepaid expenses and other current assets 1,347 1,727
Total current assets 9,204 11,509
Property and equipment, net 49 59
Right of use assets 1,719 2,337
Investment in convertible bond 16,059 20,978
Other assets 312 296
Total assets 27,343 35,179
CURRENT LIABILITIES    
Accounts payable and accrued expenses 18,707 16,951
Operating lease liabilities, current portion 2,329 1,639
Conversion feature derivative, notes payable 523 451
Other current liabilities 15,650 14,681
Warrant derivative liabilities 30 65
Convertible notes payable, net of discount 16,205 16,383
Total current liabilities 64,131 61,507
Operating lease liabilities, less current portion 1,076 1,839
Other long-term liabilities 13,676 17,363
Total liabilities 81,124 82,935
STOCKHOLDERS’ DEFICIT    
Preferred stock, par value $0.001 per share, 15,000,000 shares authorized, none issued or outstanding
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 63,865,571 and 61,845,963 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 64 62
Additional paid-in capital 225,867 225,333
Net loan receivable from EJ Holdings (16,869) (16,869)
Accumulated other comprehensive loss (2,016) (160)
Accumulated deficit (260,827) (256,122)
Total stockholders’ deficit (53,781) (47,756)
Total liabilities & stockholders’ deficit 27,343 35,179
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 7,915 8,215
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 2,772 3,122
Notes payable, less current portion, net of discount $ 2,241 $ 2,226

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