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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 11,972,000 $ 2,409,000
Accounts receivable, net of allowance for expected credit losses of $130 and $617, respectively 15,612,000 18,202,000
Inventories 18,118,000 20,555,000
Prepaid expenses and other 3,627,000 4,937,000
Current assets held for sale 35,771,000 12,123,000
Total current assets 85,100,000 58,226,000
Property, plant and equipment, net of accumulated depreciation of $28,629 and $27,513, respectively 1,303,000 2,389,000
Intangible assets, net of accumulated amortization of $33,130 and $31,444, respectively 19,465,000 25,718,000
Goodwill 3,949,000 3,949,000
Operating lease right-of-use assets 3,117,000 4,022,000
Other assets 456,000 1,256,000
Non-current assets held for sale 0 26,237,000
Total assets 113,390,000 121,797,000
Current liabilities:    
Accounts payable 35,457,000 23,408,000
Accrued expenses and other current liabilities 31,147,000 21,049,000
Short-term loan 6,000,000 0
2025 Convertible Notes, net 106,250,000 0
Revolving credit facility 0 4,094,000
Current liabilities held for sale 10,000,000 7,360,000
Total current liabilities 188,854,000 55,911,000
Long-term liabilities:    
2025 Convertible Notes, net 0 159,912,000
Operating lease liabilities 2,979,000 3,972,000
Deferred tax liabilities, net 121,000 112,000
Other long-term liabilities 6,499,000 2,351,000
Non-current liabilities held for sale 0 1,644,000
Total liabilities 198,453,000 223,902,000
Commitments and contingencies (Note 10)  
Stockholders’ deficit:    
Preferred stock, par value $0.001; 2,000,000 shares authorized: Preferred stock, par value $0.001; 39,500 shares designated, 25,000 shares issued and outstanding as of both September 30, 2024 and December 31, 2023 (aggregate liquidation preference of $37,547,619) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 12,542,691 and 11,878,557 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 13,000 12,000
Additional paid-in capital 825,851,000 810,138,000
Accumulated other comprehensive loss (6,712,000) (5,327,000)
Accumulated deficit (904,215,000) (906,928,000)
Total stockholders’ deficit (85,063,000) (102,105,000)
Total liabilities and stockholders’ deficit $ 113,390,000 $ 121,797,000