Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 13,323 $ 14,889
Accounts receivable, net 1,407 1,689
Inventory 1,436 1,387
Asset held for sale 732 732
Other current assets 1,932 2,526
TOTAL CURRENT ASSETS 18,830 21,223
PROPERTY & EQUIPMENT, net 27,949 29,035
OPERATING RIGHT-OF-USE ASSET, net 55,918  
GOODWILL 98,218 98,000
INTANGIBLE ASSETS, net 166,601 168,723
OTHER ASSETS 751 738
TOTAL ASSETS 368,267 317,719
CURRENT LIABILITIES    
Accounts payable - trade and other 7,859 7,841
Accrued expenses 6,894 5,302
Short-term operating lease liability 9,562  
Other current liabilities 7,391 7,856
Short-term borrowings, including finance leases 3,471 3,331
TOTAL CURRENT LIABILITIES 35,177 24,330
NON-CURRENT LIABILITIES    
Long-term borrowings, including finance leases 56,496 56,797
Redeemable preferred stock, $0.0001 par value, 10,000,000 shares authorized, 2,120,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021, $53 million principal redemption value 48,470 47,525
Long-term operating lease liability 46,834  
Related party note 8,852 8,724
Warrant liability 3,240 2,706
Other non-current liabilities 1,849 3,009
Deferred income taxes 1,243 1,353
TOTAL LIABILITIES 202,161 144,444
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,042,583 and 21,303,500 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 303,383 296,992
Accumulated deficit (137,279) (123,719)
TOTAL STOCKHOLDERS' EQUITY 166,106 173,275
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 368,267 $ 317,719