| Schedule of discontinued operations |
The following tables summarize the results of operations of the entities that are being reported as discontinued operations in the condensed consolidated statements of operations and comprehensive loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Revenues, net |
$ |
5,242 |
|
$ |
7,603 |
|
$ |
11,036 |
|
$ |
15,175 |
Cost of goods sold |
|
(4,129) |
|
|
(6,929) |
|
|
(9,551) |
|
|
(13,207) |
Gross profit |
|
1,113 |
|
|
674 |
|
|
1,485 |
|
|
1,968 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
Wages and benefits |
|
1,083 |
|
|
1,468 |
|
|
2,502 |
|
|
2,961 |
General and administrative |
|
497 |
|
|
594 |
|
|
1,109 |
|
|
1,200 |
Sales and marketing |
|
15 |
|
|
57 |
|
|
36 |
|
|
119 |
Depreciation and amortization |
|
237 |
|
|
387 |
|
|
578 |
|
|
773 |
Impairment loss |
|
— |
|
|
15,723 |
|
|
— |
|
|
15,734 |
Total operating expenses |
|
1,832 |
|
|
18,229 |
|
|
4,225 |
|
|
20,787 |
Operating loss |
|
(719) |
|
|
(17,555) |
|
|
(2,740) |
|
|
(18,819) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
— |
|
|
— |
|
|
— |
|
|
1 |
Other income |
|
81 |
|
|
249 |
|
|
81 |
|
|
390 |
Gain (loss) on foreign currency exchange |
|
— |
|
|
— |
|
|
— |
|
|
— |
Interest expense |
|
(1,821) |
|
|
(1,415) |
|
|
(3,282) |
|
|
(2,783) |
Corporate cost allocation |
|
(452) |
|
|
(676) |
|
|
(948) |
|
|
(1,178) |
Total other expense |
|
(2,192) |
|
|
(1,842) |
|
|
(4,149) |
|
|
(3,570) |
Loss from discontinued operations |
$ |
(2,911) |
|
$ |
(19,397) |
|
$ |
(6,889) |
|
$ |
(22,389) |
The following tables summarize the assets and liabilities classified as discontinued operations in the condensed consolidated balance sheets:
|
|
|
|
|
|
|
June 30, 2025 |
|
December 31, 2024 |
ASSETS |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
$ |
832 |
|
$ |
1,360 |
Restricted cash |
|
24 |
|
|
24 |
Trade receivables, net |
|
2,206 |
|
|
1,257 |
Inventories |
|
7,171 |
|
|
8,037 |
Prepaid expenses and other current assets |
|
214 |
|
|
345 |
Assets held for sale, current portion |
|
10,447 |
|
|
11,023 |
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
Property, plant and equipment, net |
|
27,682 |
|
|
29,721 |
Right-of-use assets – finance, net |
|
577 |
|
|
1,255 |
Right-of-use assets – operating, net |
|
496 |
|
|
557 |
Other assets |
|
1,133 |
|
|
1,324 |
Assets held for sale, net of current portion |
$ |
29,888 |
|
$ |
32,857 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Accounts payable and accrued liabilities |
|
3,624 |
|
|
5,022 |
Finance lease liability, current portion |
|
213 |
|
|
842 |
Operating lease liability, current portion |
|
148 |
|
|
139 |
Liabilities held for sale, current portion |
|
3,985 |
|
|
6,003 |
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
Finance lease liability, net of current portion |
|
524 |
|
|
2,022 |
Operating lease liability, net of current portion |
|
425 |
|
|
502 |
Massachusetts lease liability |
|
45,239 |
|
|
41,556 |
Other liabilities |
|
— |
|
|
6 |
Liabilities held for sale, net of current portion |
$ |
46,188 |
|
$ |
44,086 |
|