Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Position

v3.22.2.2
Condensed Consolidated Statements of Financial Position - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current:    
Cash and cash equivalents $ 17,183,000 $ 37,226,000
Restricted cash 424,000 473,000
Accounts receivable, net 2,591,000 2,222,000
Prepaids, deposits and other receivables 3,695,000 5,064,000
Inventories, net 16,653,000 15,408,000
Total current assets 40,546,000 60,393,000
Investment – Cansativa 5,406,000 1,458,000
Property, plant and equipment, net of accumulated depreciation of $7,879 and $5,702 for September 30, 2022 and December 31, 2021, respectively 28,996,000 30,932,000
Intangible assets, net 3,545,000 23,117,000
Operating lease right-of-use assets, net 2,869,000 0
Other non-current assets 54,000 260,000
Total Assets 81,416,000 116,160,000
Current:    
Accounts payable 2,338,000 3,981,000
Accrued expenses and other current liabilities 2,425,000 2,898,000
Convertible note due 2024, current portion 0 16,559,000
Loans and borrowings, current portion 520,000 949,000
Warrant liability 196,000 2,205,000
Operating lease liabilities, current portion 1,459,000 0
Deferred revenue, current portion 1,280,000 653,000
Total current liabilities 8,218,000 27,245,000
Convertible note due 2024 — long-term 0 1,140,000
Loans and borrowing — long-term 1,383,000 6,447,000
Deferred revenue — long-term 0 1,548,000
Operating lease liabilities — long-term 1,538,000 0
Deferred tax liabilities 0 6,650,000
Other long-term liabilities 775,000 360,000
Total Liabilities 11,914,000 43,390,000
Contingencies and commitments
Shareholders’ equity    
Preferred shares, without par value, unlimited shares authorized, nil shares issued and outstanding for each of September 30, 2022 and December 31, 2021 0 0
Common shares, without par value, unlimited shares authorized: 43,571,444 and 26,605,797 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 221,591,000 187,510,000
Accumulated deficit (152,089,000) (114,740,000)
Total shareholders' equity 69,502,000 72,770,000
Total liabilities and shareholders' equity $ 81,416,000 $ 116,160,000