Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 1,712 $ 2,547
Accounts receivable, net 2,990 5,524
Inventories, net 1,527 1,711
Prepaid expenses and other current assets 1,615 1,727
Total current assets 7,844 11,509
Property and equipment, net 57 59
Right of use assets 2,082 2,337
Investment in convertible bond 19,250 20,978
Other assets 310 296
Total assets 29,543 35,179
CURRENT LIABILITIES    
Accounts payable and accrued expenses 18,187 17,725
Operating lease liabilities, current portion 869 865
Conversion feature derivative, notes payable 1,360 451
Other current liabilities 14,858 14,681
Warrant derivative liabilities 74 65
Convertible notes payable, net of discount 16,588 16,383
Total current liabilities 62,428 61,507
Operating lease liabilities, less current portion 1,561 1,839
Other long-term liabilities 16,967 17,363
Total liabilities 83,187 82,935
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, 61,845,963 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 62 62
Additional paid-in capital 225,503 225,333
Net loan receivable from EJ Holdings (16,869) (16,869)
Accumulated other comprehensive loss (1,870) (160)
Accumulated deficit (260,470) (256,122)
Total stockholders’ deficit (53,644) (47,756)
Total liabilities & stockholders’ deficit 29,543 35,179
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 7,720 8,215
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 2,772 3,122
Notes payable, less current portion, net of discount $ 2,231 $ 2,226