Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 28,295,000 $ 37,150,000
Cash - restricted   3,233,000
Accounts receivable, net 551,000 718,000
Inventory 398,000 268,000
Deferred income taxes   713,000
Assets held for sale 732,000 732,000
Other current assets 1,507,000 1,607,000
TOTAL CURRENT ASSETS 31,483,000 44,421,000
PROPERTY & EQUIPMENT, net 15,122,000 8,004,000
DUE FROM RELATED COMPANIES 83,000 74,000
GOODWILL 123,560,000 119,542,000
INTANGIBLE ASSETS, net 111,437,000 116,824,000
OTHER ASSETS 246,000 251,000
TOTAL ASSETS 281,931,000 289,116,000
CURRENT LIABILITIES    
Accounts payable - trade and other 2,391,000 1,678,000
Accrued expenses 2,272,000 1,203,000
Other liabilities 4,128,000 430,000
Other deposit 907,000 907,000
Deferred revenue, current 587,000 490,000
Notes payable, current 76,000 1,438,000
Revolving line of credit   3,012,000
Deferred income taxes 18,000  
TOTAL CURRENT LIABILITIES 10,379,000 9,158,000
NON-CURRENT LIABILITIES    
Warrant liability 6,111,000 16,516,000
Deferred revenue, net of current portion 2,745,000 2,816,000
Notes payable, net of current portion 601,000 1,522,000
Deferred rent 472,000 29,000
TOTAL LIABILITIES 20,308,000 30,041,000
COMMITMENTS AND CONTINGENCIES - Note 9
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 17,893,476 and 17,541,838 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 2,000 2,000
Additional paid-in capital 268,083,000 261,298,000
Accumulated deficit (6,462,000) (2,225,000)
TOTAL STOCKHOLDERS’ EQUITY 261,623,000 259,075,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 281,931,000 $ 289,116,000