Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 3,036 $ 3,003
Restricted cash 1,300 1,300
Trade receivables, net 12,470 11,904
Inventories 18,924 22,505
Prepaid expenses and other current assets 1,173 2,135
Assets held for sale 1,541  
Total current assets 38,444 40,847
Non-current assets    
Property, plant and equipment, net 30,371 30,733
Right-of-use assets - finance, net 4,765 1,459
Right-of-use assets - operating, net 11,837 11,941
Intangible assets, net 42,551 44,549
Loans receivable 888 916
Goodwill 17,721 17,721
Other assets 3,160 3,158
TOTAL ASSETS 149,737 151,324
Current liabilities    
Accounts payable and accrued liabilities 53,533 51,895
Income taxes payable 2,945 2,815
Deferred revenue 1,724 3,143
Finance lease liability, current portion 1,063 1,146
Operating lease liability, current portion 138 120
Notes payable, current portion 64,991 28,336
Total current liabilities 124,394 87,455
Non-current liabilities    
Finance lease liability, net of current portion 5,674 2,022
Operating lease liability, net of current portion 12,653 12,695
Notes payable, net of discount, net of current portion 12,196 43,751
Massachusetts lease liability 44,335 41,556
Deferred tax liability 697 697
Other liabilities 165 350
TOTAL LIABILITIES 200,114 188,526
Shareholders' equity    
Common shares, without par value, unlimited shares authorized, 391,261,071 and 391,231,496 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 856,245 856,243
Additional paid-in capital 226,305 226,242
Warrants 5,106 5,106
Accumulated other comprehensive income 964 964
Accumulated deficit (1,138,997) (1,125,757)
TOTAL SHAREHOLDERS' EQUITY (50,377) (37,202)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 149,737 $ 151,324