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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 22,618 $ 47,820
Accounts receivable, net 1,263 1,950
Inventories, net 18,907 21,538
Prepaid expenses and other current assets 4,194 6,864
Total current assets 46,982 78,172
Property and equipment, net 26,337 27,513
License and media rights 13,691 17,070
Operating lease right-of-use assets, net 12,876 14,601
Investment in unconsolidated entity 10,800 11,000
SBH purchase option and other derivative assets 1,075 2,602
Intangible assets, net 1,049 887
Other long-term assets 632 703
Total assets 113,442 152,548
Current liabilities:    
Accounts payable 3,426 2,860
Accrued and other current liabilities 5,246 8,682
Lease obligations – current 2,055 2,252
License and media rights payable - current 5,209 9,852
Total current liabilities 15,936 23,646
Convertible debenture 43,631 42,528
Lease obligations 13,652 15,655
License and media rights payable 11,809 11,338
Derivative and other long-term liabilities 1,327 3,823
Total liabilities 86,355 96,990
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common shares, nil par value; unlimited shares authorized; 158,009,541 and 154,332,366 shares issued and outstanding as of December 31, 2024 and 2023, respectively 1 1
Additional paid-in capital 328,655 327,280
Accumulated deficit (301,569) (271,723)
Total shareholders’ equity 27,087 55,558
Total liabilities and shareholders’ equity $ 113,442 $ 152,548