Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 15,747 $ 14,889
Accounts receivable, net 1,387 1,689
Inventory 1,352 1,387
Asset held for sale 732 732
Other current assets 2,297 2,526
TOTAL CURRENT ASSETS 21,515 21,223
PROPERTY & EQUIPMENT, net 24,855 29,035
OPERATING RIGHT-OF-USE ASSET, net 52,216 0
GOODWILL 43,021 98,000
INTANGIBLE ASSETS, net 164,478 168,723
OTHER ASSETS 742 738
TOTAL ASSETS 306,827 317,719
CURRENT LIABILITIES    
Accounts payable - trade and other 10,055 7,841
Accrued expenses 8,179 5,302
Short-term operating lease liability 9,486 0
Short-term borrowings, including finance leases 3,495 3,331
Other current liabilities 7,113 7,856
TOTAL CURRENT LIABILITIES 38,328 24,330
NON-CURRENT LIABILITIES    
Long-term borrowings, including finance leases 55,949 56,797
Redeemable preferred stock, $0.0001 par value, 10,000,000 shares authorized, 2,120,000 shares issued and outstanding as of June 30, 2022 and December 31, 2021, $53 million principal redemption value 49,433 47,525
Long-term operating lease liability 43,742 0
Related party note 8,979 8,724
Deferred income taxes 902 1,353
Other non-current liabilities 2,957 5,715
TOTAL LIABILITIES 200,290 144,444
COMMITMENTS AND CONTINGENCIES - Note 7
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,253,232 and 21,303,500 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 304,191 296,992
Accumulated deficit (197,656) (123,719)
TOTAL STOCKHOLDERS' EQUITY 106,537 173,275
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 306,827 $ 317,719