Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Position

v3.21.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2020
[1]
Dec. 31, 2019
Current:    
Cash and cash equivalents $ 79,107,000 $ 12,044,000
Restricted cash 353,000 1,154,000
Accounts receivable, net 1,676,000 526,000
Prepaids, advances and other 3,174,000 3,284,000
Other receivables 1,306,000 1,076,000
Inventories, net 10,190,000 5,416,000
Total current assets 95,806,000 23,500,000
Property, plant and equipment, net of accumulated depreciation of $3,356 and $997 for the year ended December 31, 2020 and 2019, respectively 25,680,000 24,374,000
Intangible assets, net 24,279,000 25,510,000
Goodwill 18,508,000 20,190,000
Other non-current assets 52,000 66,000
Total Assets 165,878,000 95,717,000
Current:    
Accounts payable 4,429,000 3,373,000
Accrued expenses and other current liabilities 4,865,000 2,723,000
Warrant liability 19,061,000 0
Deferred revenue 870,000 0
Total current liabilities 29,225,000 6,096,000
Convertible notes 27,142,000 26,566,000
Loans and borrowings 6,701,000 7,162,000
Deferred revenue 1,167,000 0
Deferred tax liabilities 5,700,000 5,700,000
Other long-term liabilities 693,000 0
Total Liabilities 70,628,000 45,524,000
Contingencies and commitments
Shareholders’ equity    
Common shares, without par value, unlimited shares authorized: 24,883,024 and 8,304,030 shares issued and outstanding as of December 31, 2020 and 2019, respectively 0 0
Preferred shares, without par value, unlimited shares authorized, nil shares issued and outstanding for each of December 31, 2020 and 2019 0 0
Additional paid-in capital 164,264,000 77,431,000
Accumulated deficit (69,014,000) (31,933,000)
Total equity attributable to shareholders 95,250,000 45,498,000
Non-controlling interest 0 4,695,000
Total shareholders' equity 95,250,000 50,193,000
Total liabilities and shareholders' equity 165,878,000 95,717,000
Lift & Co    
Current:    
Investment 0 376,000
Cansativa    
Current:    
Investment $ 1,553,000 $ 1,701,000
[1] See Note 3. for information on the restatement adjustment as of December 31, 2020.