Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
REVENUES, NET $ 18,390 $ 20,610
COST OF GOODS SOLD 2,588 3,312
GROSS PROFIT 15,802 17,298
OPERATING EXPENSES    
Research and development 1,725 4,110
Selling 7,493 5,878
General and administrative 13,170 13,438
Total operating expenses 22,388 23,426
LOSS FROM OPERATIONS (6,586) (6,128)
OTHER INCOME (EXPENSE)    
Loss on debt extinguishment (501) (365)
Change in fair value of warrant derivative liabilities 1,304 (432)
Change in fair value of conversion feature derivative, notes payable 4,259 (1,906)
Loss on investment in convertible bond (133)  
Net loss on equity method investment (1,913) (2,733)
Foreign exchange loss (2,662) (2,017)
Interest and other income 680 761
Interest expense (5,013) (3,101)
Total other expense (3,979) (9,793)
LOSS BEFORE INCOME TAXES (10,565) (15,921)
Income tax provision 60 25
NET LOSS (10,625) (15,946)
COMPONENTS OF OTHER COMPREHENSIVE LOSS    
Unrealized loss on debt securities available for sale (net of tax) (3,084) (1,766)
Reclassification adjustment for loss included in net income 7  
Foreign currency translation adjustments 713 367
Other comprehensive loss (2,364) (1,399)
COMPREHENSIVE LOSS $ (12,989) $ (17,345)
NET LOSS PER COMMON SHARE - BASIC $ (0.21) $ (0.32)
NET LOSS PER COMMON SHARE - DILUTED $ (0.21) $ (0.32)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC 49,439,867 49,253,156
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED 49,439,867 49,253,156