Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 34,757,000 $ 37,150,000
Cash - restricted   3,233,000
Accounts receivable, net 536,000 718,000
Inventory 263,000 268,000
Deferred income taxes   713,000
Assets held for sale 732,000 732,000
Other current assets 1,627,000 1,607,000
TOTAL CURRENT ASSETS 37,915,000 44,421,000
PROPERTY & EQUIPMENT, net 11,141,000 8,004,000
DUE FROM RELATED COMPANIES 94,000 74,000
GOODWILL 123,367,000 119,542,000
INTANGIBLE ASSETS, net 113,242,000 116,824,000
OTHER ASSETS 259,000 251,000
TOTAL ASSETS 286,018,000 289,116,000
CURRENT LIABILITIES    
Accounts payable - trade and other 2,650,000 1,678,000
Accrued expenses 2,102,000 1,203,000
Other liabilities 4,180,000 430,000
Other deposit 907,000 907,000
Deferred revenue, current portion 511,000 490,000
Notes payable - current 73,000 1,438,000
Deferred income taxes 27,000  
Revolving line of credit   3,012,000
TOTAL CURRENT LIABILITIES 10,450,000 9,158,000
NON-CURRENT LIABILITIES    
Warrant liability 8,843,000 16,516,000
Deferred revenue, net of current portion 2,864,000 2,816,000
Notes Payable 621,000 1,522,000
Deferred rent 267,000 29,000
TOTAL LIABILITIES 23,045,000 30,041,000
COMMITMENTS AND CONTINGENCIES - Note 9
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 17,838,476 and 17,541,838 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 2,000 2,000
Additional paid-in capital 264,415,000 261,298,000
Accumulated deficit (1,444,000) (2,225,000)
TOTAL STOCKHOLDERS’ EQUITY 262,973,000 259,075,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 286,018,000 $ 289,116,000