Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 7,887,000 $ 25,751,000
Accounts Receivable - net of allowance for doubtful accounts of $1,139 and $1,389 at December 31, 2021 and December 31, 2020, respectively 8,222,000 4,529,000
Inventory 13,343,000 9,933,000
Prepaid expenses and other current assets 1,976,000 6,391,000
Total current assets 31,428,000 46,604,000
Property and equipment, net 64,779,000 49,243,000
Goodwill 0 357,000
Other intangibles, net 40,756,000 736,000
Other assets 416,000 476,000
Total assets 137,379,000 97,416,000
Current liabilities:    
Accounts payable 3,102,000 2,137,000
Accrued payroll and benefits 650,000 1,212,000
Notes payable, current portion 221,000 1,213,000
Lease obligation, current portion 2,444,000 2,301,000
Other current liabilities 3,706,000 8,860,000
Total current liabilities 10,123,000 15,723,000
Notes payable 28,000 303,000
Lease obligation 34,052,000 36,533,000
Convertible debentures 14,012,000 13,701,000
Mortgage obligation 8,857,000 0
Total liabilities 67,072,000 66,260,000
STOCKHOLDERS' EQUITY    
Share capital 189,368,000 125,540,000
Accumulated deficit (119,061,000) (94,384,000)
Total stockholders' equity 70,307,000 31,156,000
Total liabilities and stockholders' equity $ 137,379,000 $ 97,416,000