Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 14,889 $ 37,150
Cash - restricted 0 3,233
Accounts receivable, net 1,689 718
Inventory 1,387 268
Asset held for sale 732 732
Other current assets 2,526 1,607
TOTAL CURRENT ASSETS 21,223 43,708
PROPERTY & EQUIPMENT, net 29,035 8,004
DUE FROM RELATED COMPANIES 0 74
Goodwill as of December 31, 2020 98,000 119,542
INTANGIBLE ASSETS, net 168,723 116,824
DEFERRED INCOME TAXES 0 713
OTHER ASSETS 738 251
TOTAL ASSETS 317,719 289,116
CURRENT LIABILITIES    
Accounts payable - trade and other 7,841 1,678
Accrued expenses 5,302 1,203
Other liabilities 6,481 430
Short-term borrowings 3,331 4,450
Other deposit 907 907
Deferred revenue, current 468 490
TOTAL CURRENT LIABILITIES 24,330 9,158
NON-CURRENT LIABILITIES    
Long-term borrowings 56,797 1,522
Redeemable preferred stock, $0.0001 par value, 10,000,000 shares authorized, 2,120,000 shares issued and outstanding, $53 million redemption value 47,525 0
Related party note 8,724 0
Warrant liability 2,706 16,516
Deferred revenue, net of current portion 2,109 2,816
Deferred rent 900 29
Deferred income taxes 1,353 0
TOTAL LIABILITIES 144,444 30,041
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 21,303,500 and 17,541,838 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 2 2
Additional paid-in capital 296,992 261,298
Accumulated deficit (123,719) (2,225)
TOTAL STOCKHOLDERS' EQUITY 173,275 259,075
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 317,719 $ 289,116