Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash $ 14,336 $ 13,244
Restricted cash 70 3,334
Accounts receivable, net of allowance for doubtful accounts of $87 (December 31, 2021 - $27) 3,999 3,595
Prepaid expenses 2,215 3,178
Inventories, net 29,800 28,692
Other current assets 202 1,603
Current Assets 50,622 53,646
Investments 232 568
Property, plant and equipment, net 103,320 112,634
Right-of-use assets, net 28,399 30,429
Other long-term assets 3,847 8,650
Intangible assets, net 117,047 139,062
Total Assets 303,467 344,989
Liabilities and Shareholders' Equity (Deficit)    
Accounts payable 10,690 13,636
Accrued and other current liabilities 74,036 98,933
Current portion of long-term debt, net of issuance costs 51 165,381
Derivative liabilities 0 16
Current portion of lease liabilities 7,789 7,342
Current Liabilities 92,566 285,308
Long-term debt, net of issuance costs 147,261 27,999
Deferred income tax 23,815 27,507
Long-term portion of lease liabilities 28,836 27,814
Total Liabilities 292,478 368,628
Commitments and Contingencies (Refer to Note 13)
Shareholders' Equity (Deficit)    
Common shares - no par value. Authorized - unlimited number. 6,403,289 - issued and outstanding (December 31, 2021 - 171,718 - issued and outstanding)
Shares to be issued 0 1,531
Additional paid-in capital (Refer to Note 10) 1,262,012 776,462
Accumulated deficit (1,251,023) (801,632)
Total Shareholders' Equity (Deficit) 10,989 (23,639)
Total Liabilities and Shareholders' Equity (Deficit) $ 303,467 $ 344,989