Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Position

v3.23.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current:    
Cash and cash equivalents $ 12,449,000 $ 37,226,000
Restricted cash 439,000 473,000
Accounts receivable, net 2,252,000 2,222,000
Prepaids, deposits and other receivables 2,708,000 5,064,000
Inventories, net 8,399,000 15,408,000
Total current assets 26,247,000 60,393,000
Investment – Cansativa 5,679,000 1,458,000
Property, plant and equipment, net of accumulated depreciation of $7,120 and $5,702 for the years ended December 31, 2022 and 2021, respectively 15,463,000 30,932,000
Intangible assets, net 3,354,000 23,117,000
Operating lease right-of-use assets, net 1,303,000 0
Other non-current assets 52,000 260,000
Total Assets 52,098,000 116,160,000
Current:    
Accounts payable 2,299,000 3,981,000
Accrued expense and other current liabilities 4,238,000 2,898,000
Convertible note due 2024, current portion 0 16,559,000
Loans and borrowings, current portion 465,000 949,000
Warrant liability 113,000 2,205,000
Operating lease liabilities, current portion 1,239,000 0
Deferred revenue 1,072,000 653,000
Total current liabilities 9,426,000 27,245,000
Convertible notes 0 1,140,000
Loans and borrowings 1,065,000 6,447,000
Deferred revenue 0 1,548,000
Operating lease liabilities — long-term 1,087,000 0
Deferred tax liabilities 0 6,650,000
Other long-term liabilities 112,000 360,000
Total Liabilities 11,690,000 43,390,000
Contingencies and commitments
Shareholders’ equity    
Preferred shares, without par value, unlimited shares authorized, nil shares issued and outstanding for each of December 31, 2022 and 2021 0 0
Common shares, without par value, unlimited shares authorized: 43,636,783 and 26,605,797 shares issued and outstanding as of December 31, 2022 and 2021, respectively 0 0
Additional paid-in capital 221,313,000 187,510,000
Accumulated deficit (180,905,000) (114,740,000)
Total shareholders' equity 40,408,000 72,770,000
Total liabilities and shareholders' equity $ 52,098,000 $ 116,160,000