Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
REVENUES, NET $ 29,597 $ 18,390
COST OF GOODS SOLD 1,342 2,588
GROSS PROFIT 28,255 15,802
OPERATING EXPENSES    
Research and development 1,189 1,725
Selling 8,635 7,493
General and administrative 14,891 13,170
Total operating expenses 24,715 22,388
INCOME (LOSS) FROM OPERATIONS 3,540 (6,586)
OTHER INCOME (EXPENSE)    
Loss on debt extinguishment (821) (501)
Change in fair value of warrant derivative liabilities 1,195 1,304
Change in fair value of conversion feature derivative, notes payable 2,773 4,259
Loss on investment in convertible bond (297) (133)
Net loss on equity method investment (1,713) (1,913)
Foreign exchange loss (1,767) (2,662)
Interest and other income 681 680
Interest expense (7,383) (5,013)
Total other expense (7,332) (3,979)
LOSS BEFORE INCOME TAXES (3,792) (10,565)
Income tax provision (benefit) (59) 60
NET LOSS (3,733) (10,625)
COMPONENTS OF OTHER COMPREHENSIVE LOSS    
Unrealized gain (loss) on debt securities available for sale (net of tax) 3,033 (3,084)
Reclassification adjustment for loss included in net loss 403 7
Foreign currency translation adjustments (977) 713
Other comprehensive income (loss) 2,459 (2,364)
COMPREHENSIVE LOSS $ (1,274) $ (12,989)
NET LOSS PER COMMON SHARE - BASIC $ (0.07) $ (0.21)
NET LOSS PER COMMON SHARE - DILUTED $ (0.07) $ (0.21)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC 53,105,388 49,439,867
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED 53,105,388 49,439,867