v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,988,000 $ 8,035,000
Accounts receivable, net 1,359,000 811,000
Inventories, net 16,517,000 18,022,000
Prepaid expenses and other current assets 2,738,000 3,491,000
Total current assets 34,602,000 30,359,000
Property and equipment, net 20,600,000 22,679,000
Operating lease right-of-use assets, net 10,941,000 11,297,000
Investment in unconsolidated entity 8,300,000 8,800,000
Intangible assets, net 737,000 785,000
Derivative and other long-term assets 1,209,000 1,353,000
Total assets 76,389,000 75,273,000
Current liabilities:    
Accounts payable 1,984,000 2,186,000
Accrued and other current liabilities 4,874,000 5,053,000
Lease obligations – current 1,398,000 1,420,000
Total current liabilities 8,256,000 8,659,000
Converted debenture 0 50,849,000
Lease obligations 11,657,000 12,186,000
Derivative and other long-term liabilities 412,000 5,618,000
Total liabilities 20,325,000 77,312,000
Commitments and contingencies (Note 7)
Shareholders’ equity (deficit):    
Common shares, nil par value; unlimited shares authorized; 270,549,931 and 159,420,141 shares issued and outstanding as of June 30, 2026 and December 31, 2025 1,000 1,000
Additional paid-in capital 404,612,000 329,270,000
Accumulated deficit (348,549,000) (331,310,000)
Total shareholders’ equity (deficit) 56,064,000 (2,039,000)
Total liabilities and shareholders’ equity (deficit) $ 76,389,000 $ 75,273,000