Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 3,759 $ 2,487
Accounts receivable, net 2,372 198
Inventories, net 6,740 7,087
Prepaid expenses and other current assets 1,270 1,485
Total current assets 14,141 11,257
Property and equipment, net 109 120
Equity method investment 15,790 15,925
Right of use assets 3,947 4,072
Investment in convertible bond 27,943 27,866
Other assets 293 296
Total assets 62,223 59,536
CURRENT LIABILITIES    
Accounts payable and accrued expenses 5,991 7,460
Operating lease liabilities, current portion 661 1,143
Conversion feature derivative, notes payable 7,900  
Other current liabilities 2,739 2,706
Revolving line of credit from related party 800 800
Warrant derivative liabilities 1,600 1,071
Notes payable, current portion 4,616 4,588
Notes payable to related parties 100 134
Convertible debentures, net of discount   5,480
Total current liabilities 24,407 23,382
Operating lease liabilities, less current portion 3,824 3,470
Other long-term liabilities 34,473 34,470
Notes payable, less current portion 89 222
Convertible notes payable 12,106 3,150
Total liabilities 74,899 64,694
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, 49,311,864 and 48,987,189 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 49 49
Additional paid-in capital 219,650 218,728
Accumulated other comprehensive income 1,367 1,144
Accumulated deficit (233,742) (225,079)
Total stockholders’ deficit (12,676) (5,158)
Total liabilities & stockholders’ deficit $ 62,223 $ 59,536