v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 19,357 $ 22,618
Accounts receivable, net 1,531 1,263
Inventories, net 18,916 18,907
Prepaid expenses and other current assets 4,201 4,194
Total current assets 44,005 46,982
Property and equipment, net 25,758 26,337
License and media rights 12,717 13,691
Operating lease right-of-use assets, net 12,404 12,876
Investment in unconsolidated entity 10,700 10,800
SBH purchase option and other derivative assets 970 1,075
Intangible assets, net 1,003 1,049
Other long-term assets 466 632
Total assets 108,023 113,442
Current liabilities:    
Accounts payable 3,943 3,426
Accrued and other current liabilities 4,764 5,246
Lease obligations – current 1,844 2,055
License and media rights payable - current 7,937 5,209
Total current liabilities 18,488 15,936
Convertible debenture 44,753 43,631
Lease obligations 13,257 13,652
License and media rights payable 9,227 11,809
Derivative and other long-term liabilities 1,236 1,327
Total liabilities 86,961 86,355
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common shares, nil par value; unlimited shares authorized; 158,009,541 and 158,009,541 shares issued and outstanding as of March 31, 2025 and December 31, 2024 1 1
Additional paid-in capital 328,842 328,655
Accumulated deficit (307,781) (301,569)
Total shareholders’ equity 21,062 27,087
Total liabilities and shareholders’ equity $ 108,023 $ 113,442