Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ 24,677 $ 21,910 $ 49,934
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 4,236,000 3,912,000 3,914,000
Amortization of debt issuance costs 643,000 481,000 0
Share-based compensation expense 1,355,000 2,200,000 3,385,000
Provision for doubtful accounts 870,000 1,195,000 2,346,000
Allowance for inventory obsolescence 0 0 700,000
Loss on termination of investment 0 4,201,000 0
Loss on sale of assets 0 0 446,000
Goodwill impairment 357,000 0 0
Termination of branding rights agreement 152,000 0 0
Unrealized gain on change in fair value of investments (60,000) (548,000) 1,713,000
Changes in operating assets and liabilities:      
Accounts receivable (4,222,000) 966,000 (6,230,000)
Inventory (108,000) 485,000 1,580,000
Prepaid expenses and other current assets 1,615,000 (1,043,000) (463,000)
Other assets 120,000 18,000 (2,000,000)
Accounts payable and accrued expenses (6,329,000) 2,222,000 5,207,000
Other current and long-term liabilities 0 (89,000) 13,000
Net cash used in operating activities (26,048,000) (7,752,000) (39,323,000)
CASH FLOW FROM INVESTING ACTIVITIES      
Proceeds from asset sales 1,978,000 743,000 1,455,000
Purchases of property and equipment (3,593,000) (6,850,000) (9,991,000)
Disposition of business interest, net of cash received 0 500,000 0
Investment in corporate interests 0 0 (1,525,000)
Acquisition of business assets, net (6,156,000) 0 0
Net cash used in investing activities (7,771,000) (5,607,000) (10,061,000)
CASH FLOW FROM FINANCING ACTIVITIES      
Principal payments on lease obligations (2,338,000) (2,951,000) (1,155,000)
Payments on notes payable (407,000) (4,267,000) (106,000)
Proceeds from notes payable 0 3,800,000 76,000
Proceeds from lease financing 0 671,000 0
Proceeds from convertible notes, net of financing costs 0 15,281,000 0
Issuance of warrants associated with convertible notes offering 0 0 0
Proceeds from brokered private placement 0 0 40,195,000
Proceeds from subordinate voting share offering 18,000,000 26,930,000 0
Fees on public brokered private placement 0 0 (1,919,000)
Fees on subordinate voting share offering   (1,908,000)  
Issuance costs related to subordinate voting share offering (66,000) 0 0
Issuance of subordinate voting shares 0 0 3,200,000
Proceeds from exercise of warrants and options 766,000 210,000 127,000
Net cash provided by financing activities 15,955,000 37,766,000 40,418,000
Change in cash and cash equivalents and restricted cash (17,864,000) 24,407,000 (8,966,000)
Cash and cash equivalents-beginning of year 25,751,000 1,344,000 10,310,000
Cash, cash equivalents and restricted cash-end of period 7,887,000 25,751,000 1,344,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for interest 4,200,000 3,332,000 2,147,000
Cash paid during the period for income taxes 268,000 262,000 105,000
OTHER NONCASH INVESTING AND FINANCING ACTIVITIES      
Purchase of property and equipment not yet paid for 79,000 362,000 0
Property and equipment acquired via capital lease 0 7,416,000 0
Issuance of warrants 0 1,620,000 $ 2,291,000
Shares issued to acquiree in connection with reverse takeover     1,513
Shares issued for services in connection with convertible debenture offering 0 75,000 $ 0
Issuance of subordinate voting shares in exchange for net assets acquired 43,259,000 0 0
Liabilities assumed and receivable forgiveness in exchange for net assets acquired8B 2,361,000 0 0
Debt and associated accrued interest converted to subordinate voting shares 514,000 $ 0 0
Shares Issued in exchange for asset investment   179  
Issuance of super voting shares   $ (39,000) 40,000
Acquisition of private entities 0 0 1,028,000
Stock options issued associated with an acquisition $ 0 $ 116,000 $ 0