v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 15,268 $ 22,618
Accounts receivable, net 2,000 1,263
Inventories, net 19,398 18,907
Prepaid expenses and other current assets 3,048 4,194
Total current assets 39,714 46,982
Property and equipment, net 24,858 26,337
License and media rights 0 13,691
Operating lease right-of-use assets, net 11,926 12,876
Investment in unconsolidated entity 9,600 10,800
Intangible assets, net 962 1,049
SBH purchase option and other derivative assets 500 1,075
Other long-term assets 416 632
Total assets 87,976 113,442
Current liabilities:    
Accounts payable 3,229 3,426
Accrued and other current liabilities 5,560 5,246
Lease obligations – current 1,575 2,055
License and media rights payable - current 0 5,209
Total current liabilities 10,364 15,936
Convertible debenture 48,616 43,631
Lease obligations 12,911 13,652
License and media rights payable 0 11,809
Derivatives and other long-term liabilities 1,156 1,327
Total liabilities 73,047 86,355
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common shares, nil par value; unlimited shares authorized; 158,617,767 and 158,009,541 shares issued and outstanding as of June 30, 2025 and December 31, 2024 1 1
Additional paid-in capital 328,997 328,655
Accumulated deficit (314,069) (301,569)
Total shareholders’ equity 14,929 27,087
Total liabilities and shareholders’ equity $ 87,976 $ 113,442