Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (37,342) $ (24,564)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,117 7,376
Amortization of debt issuance costs 712 937
Share-based compensation expense 231 564
Provision for doubtful accounts 616 517
Loss on sale of assets 0 59
Gain on sale leaseback (3,004) 0
Gain on lease settlement (880) 0
Unrealized loss (gain) on change in fair value of investments 28 109
Impairment expense 24,295 3,240
Gain on lease termination (5,020) 0
Changes in operating assets and liabilities:    
Accounts receivable 927 3,542
Inventory 6,019 2,564
Prepaid expenses and other current assets 2,731 454
Other assets (270) (106)
Operating lease liabilities (443) 0
Accounts payable and accrued expenses 242 (1,136)
Net cash used in operating activities (6,041) (6,444)
CASH FLOW FROM INVESTING ACTIVITIES    
Proceeds from asset sales 0 60
Purchases of property and equipment (135) (4,250)
Acquisition of business assets, net 0 0
Net cash used in investing activities (135) (4,190)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from convertible notes, net of financing costs 0 6,552
Principal payments on finance lease obligations (1,527) (2,497)
Payments on notes payable (75) (210)
Proceeds from sale leaseback 8,991 0
Issuance costs related to subordinate voting share offering 0 0
Proceeds from exercise of warrants and options 0 0
Net cash provided by financing activities 7,389 3,845
Change in cash and cash equivalents 1,213 (6,789)
Cash and cash equivalents-beginning of year 1,098 7,887
Cash, cash equivalents-end of period 2,311 1,098
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 3,689 4,215
Cash paid during the period for income taxes 87 171
OTHER NONCASH INVESTING AND FINANCING ACTIVITIES    
Purchase of property and equipment not yet paid for 7 819
Issuance of subordinate voting shares to acquire purchase rights 0 1,800
Issuance of subordinate voting shares in convertible debenture repurchase $ 2,027 $ 0