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, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 1,671 $ 2,487
Accounts receivable, net 3,359 198
Inventories, net 6,543 7,087
Prepaid expenses and other current assets 1,467 1,485
Total current assets 13,040 11,257
Property and equipment, net 99 120
Equity method investment 17,383 15,925
Right of use assets 3,796 4,072
Investment in convertible bond 28,671 27,866
Other assets 290 296
Total assets 63,279 59,536
CURRENT LIABILITIES    
Accounts payable and accrued expenses 6,301 7,460
Operating lease liabilities, current portion 689 1,143
Conversion feature derivative, notes payable 5,376  
Other current liabilities 2,894 2,706
Revolving line of credit from related party 600 800
Warrant derivative liabilities 1,262 1,071
Notes payable, current portion 3,291 4,588
Notes payable to related parties 100 134
Convertible debentures, net of discount   5,480
Total current liabilities 20,513 23,382
Operating lease liabilities, less current portion 3,639 3,470
Other long-term liabilities 34,476 34,470
Notes payable, less current portion 1,500 222
Convertible notes payable 12,526 3,150
Total liabilities 72,654 64,694
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, 49,311,864 and 48,987,198 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 49 49
Additional paid-in capital 219,924 218,728
Accumulated other comprehensive income 1,905 1,144
Accumulated deficit (231,253) (225,079)
Total stockholders’ deficit (9,375) (5,158)
Total liabilities & stockholders’ deficit $ 63,279 $ 59,536