Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (14,685,000) $ (17,802,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,894,000 1,762,000
Amortization of debt issuance costs 643,000 0
Share-based compensation expense 986,000 1,825,000
Provision for doubtful accounts 657,000 720,000
Goodwill impairment 357,000 0
Termination of branding rights agreement 152,000 0
Unrealized gain on change in fair value of investments (125,000) (395,000)
Changes in operating assets and liabilities:    
Accounts receivable (2,418,000) 1,390,000
Inventory (2,307,000) 1,980,000
Prepaid expenses and other current assets (149) (333)
Other assets 57,000 0
Accounts payable and accrued expenses (4,525,000) 2,307,000
Other current and long-term liabilities 0 (98,000)
Net cash used in operating activities (18,463) (8,644)
CASH FLOW FROM INVESTING ACTIVITIES    
Proceeds from asset sales 1,979,000 0
Purchases of property and equipment (2,057,000) (4,110,000)
Disposition of business interest, net of cash received 0 2,743,000
Acquisition of business assets, net (6,643,000) 0
Net cash used in investing activities (6,721,000) (1,367,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Principal payments on lease obligations (1,744,000) (1,053,000)
Payments on notes payable (563,000) (31,000)
Proceeds from convertible notes, net of financing costs 0 13,663,000
Issuance of warrants associated with convertible notes offering 0 1,556,000
Proceeds from brokered private placement 0 62,000
Proceeds from subordinate voting share offering 18,000,000 0
Issuance costs related to subordinate voting share offering (30) 0
Proceeds from exercise of warrants and options 765,000 0
Net cash provided by financing activities 16,428,000 14,197,000
Change in cash and cash equivalents and restricted cash (8,756,000) 4,186,000
Cash and cash equivalents-beginning of year 25,751,000 1,344,000
Cash, cash equivalents and restricted cash-end of period 16,995,000 5,530,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 2,995,000 1,403,000
Cash paid during the period for income taxes 227,000 0
OTHER NONCASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment acquired via capital lease 0 578,000
Disposition of business interests 0 2,743,000
Issuance of warrants 0 1,556
Shares issued for services in connection with convertible debenture offering 0 62,000
Issuance of subordinate voting shares in exchange for net assets acquired 43,259,000 0
Liabilities assumed and receivable forgiveness in exchange for net assets acquired 2,910,000 0
Debt and associated accrued interest converted to subordinate voting shares $ 514,000 $ 0