Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,505 $ 2,021
Accounts receivable, net 4,587 375
Inventories, net 1,650 2,379
Prepaid expenses and other current assets 1,515 1,514
Total current assets 9,257 6,289
Property and equipment, net 60 75
Equity method investment 17,737 18,828
Right of use assets 2,510 2,799
Investment in convertible bond 17,596 19,971
Other assets 293 263
Total assets 47,453 48,225
CURRENT LIABILITIES    
Accounts payable and accrued expenses 16,285 13,549
Operating lease liabilities, current portion 831 703
Conversion feature derivative, notes payable 1,251 3,248
Other current liabilities 14,400 12,917
Warrant derivative liabilities 522 70
Total current liabilities 60,917 54,323
Operating lease liabilities, less current portion 2,070 2,553
Other long-term liabilities 17,240 21,714
Total liabilities 83,783 82,316
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, 53,637,554 and 49,583,501 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 54 50
Additional paid-in capital 222,439 220,815
Accumulated other comprehensive loss (1,503) (2,619)
Accumulated deficit (257,320) (252,337)
Total stockholders’ deficit (36,330) (34,091)
Total liabilities & stockholders’ deficit 47,453 48,225
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 8,488 6,814
Convertible notes payable, net of discount 15,819 14,655
Notes payable, less current portion, net of discount 156 380
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 2,422 2,367
Convertible notes payable, net of discount 899  
Notes payable, less current portion, net of discount $ 3,400 $ 3,346