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, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,361 $ 2,021
Accounts receivable, net 5,573 375
Inventories, net 1,814 2,379
Prepaid expenses and other current assets 1,099 1,514
Total current assets 9,847 6,289
Property and equipment, net 68 75
Equity method investment 18,302 18,828
Right of use assets 2,585 2,799
Investment in convertible bond 19,210 19,971
Other assets 276 263
Total assets 50,288 48,225
CURRENT LIABILITIES    
Accounts payable and accrued expenses 15,200 13,549
Operating lease liabilities, current portion 775 703
Conversion feature derivative, notes payable 4,217 3,248
Other current liabilities 13,994 12,917
Warrant derivative liabilities 1,111 70
Notes payable, current portion, net of discount 8,462 6,814
Notes payable to related parties 2,482 2,367
Convertible notes payable, net of discount 14,306 14,655
Notes payable to related parties, net 1,000  
Total current liabilities 61,547 54,323
Operating lease liabilities, less current portion 2,225 2,553
Other long-term liabilities 18,132 21,714
Notes payable, less current portion   380
Notes payable to related parties, net 3,416 3,346
Total liabilities 85,320 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 June 30, 2023 and December 31, 2022, respectively 54 50
Additional paid-in capital 222,415 220,815
Accumulated other comprehensive loss (114) (2,619)
Accumulated deficit (257,387) (252,337)
Total stockholders’ deficit (35,032) (34,091)
Total liabilities & stockholders’ deficit $ 50,288 $ 48,225