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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Financial Information for Discontinued Operations | The following table presents the major components comprising loss from discontinued operations in the condensed consolidated statements of operations for the three and six months ended June 30, 2023:
|  |  |  |  | Three months ended June 30, |  |  |  | Six months ended June 30,
|  |  |  |  |  |  | 2023
Net revenue |  |  |  |  |  |  | $ | 380 |  |  |  |  | $ | 1,029 |
Cost of sales |  |  |  |  |  |  | 848 |  |  |  |  | 2,044 |
Inventory write-down |  |  |  |  |  |  | 839 |  |  |  |  | 839 |
Gross profit |  |  |  |  |  |  | (1,307) |  |  |  |  | (1,854) |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Sales and marketing |  |  |  |  |  |  | 387 |  |  |  |  | 518 |
Research and development |  |  |  |  |  |  | 18 |  |  |  |  | 20 |
General and administrative |  |  |  |  |  |  | 213 |  |  |  |  | 736 |
Restructuring costs |  |  |  |  |  |  | 534 |  |  |  |  | 534 |
Share-based compensation |  |  |  |  |  |  | 5 |  |  |  |  | 21 |
Depreciation and amortization |  |  |  |  |  |  | 5 |  |  |  |  | 13 |
Impairment loss on long-lived assets(i) |  |  |  |  |  |  | 205 |  |  |  |  | 205 |
Total operating expenses |  |  |  |  |  |  | 1,367 |  |  |  |  | 2,047 |
Interest income |  |  |  |  |  |  | 3 |  |  |  |  | 8 |
Other, net(ii) |  |  |  |  |  |  | (163) |  |  |  |  | (163) |
Total other income (loss) |  |  |  |  |  |  | (160) |  |  |  |  | (155) |
Loss before income taxes |  |  |  |  |  |  | (2,834) |  |  |  |  | (4,056) |
Income tax expense (benefit) |  |  |  |  |  |  | — |  |  |  |  | — |
Net loss from discontinued operations |  |  |  |  |  |  | $ | (2,834) |  |  |  |  | $ | (4,056) |
(i)During the three and six months ended June 30, 2023, as a result of the exit of the U.S. operations, the Company recognized an impairment charge of $205 related to the right-of-use lease assets associated with the Company’s former U.S. manufacturing facility in Los Angeles, California. (ii)For the three and six months ended June 30, 2023, Other, net related to loss on disposal of assets that were part of the U.S. operations. The following tables present the Company’s discontinued operations revenue by major product category:
| Three months ended June 30, |  | Six months ended June 30, |  |  |  |
| 2023 |  |  |  |
Cannabis extracts | 380 |  |  | 1,029 |  |  |  |  |
Net revenue | $ | 380 |  |  | $ | 1,029 |  |  |  |  |
Schedule of Discontinued Operations Restructuring Activity | The following tables summarize the Company’s discontinued operations restructuring activity for the three and six months ended June 30, 2023:
| Accrual as of April 1, 2023 |  | Expenses |  | Payments/Write-offs |  |  |  | Accrual as of June 30, 2023
Employee Termination Benefits | $ | — |  |  | $ | 442 |  |  | $ | (223) |  |  |  |  | $ | 219 |
Other Restructuring Costs | — |  |  | 92 |  |  | — |  |  |  |  | 92 |
Total | $ | — |  |  | $ | 534 |  |  | $ | (223) |  |  |  |  | $ | 311 |
| Accrual as of January 1, 2023 |  | Expenses |  | Payments/Write-offs |  |  |  | Accrual as of June 30, 2023
Employee Termination Benefits | $ | — |  |  | $ | 442 |  |  | $ | (223) |  |  |  |  | $ | 219 |
Other Restructuring Costs | — |  |  | 92 |  |  | — |  |  |  |  | 92 |
Total | $ | — |  |  | $ | 534 |  |  | $ | (223) |  |  |  |  | $ | 311 |
The following table summarizes the Company’s restructuring activity for the three and six months ended June 30, 2024:
| Accrual as of April 1, 2024 |  | Expenses |  | Payments/Write-offs |  |  |  | Accrual as of June 30, 2024
Employee Termination Benefits | $ | 38 |  |  | $ | — |  |  | $ | (14) |  |  |  |  | $ | 24 |
Other Restructuring Costs | — |  |  | 547 |  |  | — |  |  |  |  | 547 |
Total | $ | 38 |  |  | $ | 547 |  |  | $ | (14) |  |  |  |  | $ | 571 |
| Accrual as of January 1, 2024 |  | Expenses |  | Payments/Write-offs |  |  |  | Accrual as of June 30, 2024
Employee Termination Benefits | $ | 150 |  |  | $ | 62 |  |  | $ | (188) |  |  |  |  | $ | 24 |
Other Restructuring Costs | — |  |  | 568 |  |  | (21) |  |  |  |  | 547 |
Total | $ | 150 |  |  | $ | 630 |  |  | $ | (209) |  |  |  |  | $ | 571 |

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