Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 13,104 $ 14,336
Restricted cash 71 70
Accounts receivable, net of allowance for credit losses of $384 (December 31, 2022 - $87) 4,609 3,999
Prepaid expenses 2,100 2,215
Inventories, net 25,382 29,800
Other current assets 243 202
Current Assets 45,509 50,622
Investments 735 232
Property, plant and equipment, net 94,003 103,320
Operating lease right-of-use assets, net 27,377 28,399
Other long-term assets 4,411 3,847
Intangible assets, net 105,372 117,047
Total Assets 277,407 303,467
Liabilities and Shareholders' (Deficit) Equity    
Accounts payable 14,399 10,690
Accrued and other current liabilities 103,261 74,036
Current portion of long-term debt, net of issuance costs 55 51
Current portion of operating lease liabilities 7,716 7,789
Current Liabilities 125,431 92,566
Long-term debt, net of issuance costs 165,221 147,261
Deferred income tax 20,412 23,815
Long-term portion of operating lease liabilities 28,009 28,836
Total Liabilities 339,073 292,478
Commitments (Refer to Note 13)
Shareholders' (Deficit) Equity    
Common shares - no par value. Authorized - unlimited number. 6,510,527 - issued and outstanding (December 31, 2022 - 6,403,289 - issued and outstanding ) 0 0
Additional paid-in capital 1,265,978 1,262,012
Accumulated deficit (1,327,644) (1,251,023)
Total Shareholders' (Deficit) Equity (61,666) 10,989
Total Liabilities and Shareholders' (Deficit) Equity $ 277,407 $ 303,467