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CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 4,628 $ 15,190
Accounts receivable, net 8,492 7,391
Other receivables 191 77
Current portion of lease receivables 3,855 3,810
Inventory 27,388 25,592
Prepaid expenses and other assets 1,514 1,207
Total current assets 46,068 53,267
Property, plant, and equipment, net 55,382 56,906
Lease receivables 5,242 5,611
Intangible assets, net 30,229 30,927
Goodwill 53,955 53,955
Right-of-use assets 137,002 138,451
Deposits 5,868 5,615
TOTAL ASSETS 333,746 344,732
Current liabilities:    
Accounts payable 12,048 12,701
Accrued expenses and other current liabilities 11,653 14,265
Taxes payable 39,176 36,577
Current portion of contract liabilities 682 369
Current portion of lease liability 3,742 4,479
Current portion of notes payable and accrued interest 7,727 9,059
Total current liabilities 75,028 77,450
Convertible notes 15,122 14,843
Notes payable and accrued interest from related party 50,129 49,807
Long term notes payable 10,599 10,456
Long term accounts payable 1,362 1,362
Contract liabilities 2,000 2,000
Construction finance liability 16,000 16,000
Deferred tax liability 8,024 8,278
Lease liability 137,503 136,185
TOTAL LIABILITIES 315,767 316,381
SHAREHOLDERS' EQUITY    
Subordinate Voting Shares (no par value, unlimited shares authorized, 643,416,275 shares issued and outstanding as of March 31, 2023 and December 31, 2022) 304,602 304,602
Additional paid-in capital 60,431 59,411
Deficit (347,152) (335,755)
Equity attributable to 4Front Ventures Corp. 17,881 28,258
Non-controlling interest 98 93
TOTAL SHAREHOLDERS' EQUITY 17,979 28,351
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 333,746 $ 344,732