Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue, net $ 17,800,000 $ 15,374,000
Cost of sales (13,470,000) (8,565,000)
Gross profit 4,330,000 6,809,000
Expenses    
General and administrative 27,815,000 39,279,000
Sales and marketing 1,897,000 2,915,000 [1]
Research and development 1,719,000 1,546,000
Total restructuring charges 26,942,000 0
Intangible asset impairment 19,000,000 0
Goodwill impairment 0 18,508,000
Depreciation and amortization 2,059,000 1,768,000
Total expenses 79,432,000 64,016,000
Loss from operations (75,102,000) (57,207,000)
Other Expense (Income), net    
Interest expense and amortization of debt issuance cost 2,702,000 6,818,000
Gain on remeasurement of warrant liability (2,092,000) (16,856,000)
Gain on investments (6,851,000) 0
Loss (gain) on debt extinguishment, net 2,263,000 (3,262,000)
Foreign exchange loss 1,129,000 1,276,000
Other expense (income), net 202,000 (502,000)
Total other income, net (2,647,000) (12,526,000)
Loss before income taxes and equity investment loss (72,455,000) (44,681,000)
Deferred income tax (recovery) expense (6,650,000) 950,000
Current income tax expense 296,000 0
Equity investment share of loss 64,000 95,000
Net loss $ (66,165,000) $ (45,726,000)
Net loss per share - basic (dollars per share) $ (1.72) $ (1.78)
Net loss per share - diluted (dollars per share) $ (1.72) $ (1.78)
Weighted-average common shares outstanding - basic (in shares) 38,392,392 25,690,096
Weighted-average common shares outstanding - diluted (in shares) 38,392,392 25,690,096
[1] The Company reclassified $818 of sales and marketing, reported in previous period in general and administrative expense, to conform to the current period presentation.