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
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 982 $ 2,279
Accounts receivable, net 1,235 1,040
Inventories, net 3,134 4,392
Prepaid expenses and other current assets 1,235 1,380
Total current assets 6,586 9,091
Property and equipment, net 85 147
Equity method investment 16,982 17,616
Right of use assets 3,085 3,485
Investment in convertible bond 18,990 26,100
Other assets 261 295
Total assets 45,989 56,734
CURRENT LIABILITIES    
Accounts payable and accrued expenses 10,718 9,189
Operating lease liabilities, current portion 718 740
Conversion feature derivative, notes payable 8,122 7,507
Other current liabilities 2,791 4,404
Revolving line of credit from related party 400 400
Warrant derivative liabilities   1,503
Notes payable, current portion, net of discount 6,394 2,399
Notes payable to related parties 2,871 800
Convertible notes payable, net of discount 14,062 10,158
Total current liabilities 46,076 37,100
Operating lease liabilities, less current portion 2,854 3,261
Other long-term liabilities 31,694 33,173
Notes payable, less current portion   1,500
Convertible notes payable   3,150
Total liabilities 80,624 78,184
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, 49,558,501 and 49,311,864 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 50 49
Additional paid-in capital 220,800 220,022
Accumulated other comprehensive loss (3,339) (255)
Accumulated deficit (252,146) (241,266)
Total stockholders’ deficit (34,635) (21,450)
Total liabilities & stockholders’ deficit $ 45,989 $ 56,734