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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE        
Revenue from sale of goods $ 27,696 $ 25,488 $ 55,066 $ 48,571
Real estate income 3,000 2,951 6,006 5,916
Total revenues 30,696 28,439 61,072 54,487
Cost of goods sold (21,100) (16,123) (40,488) (28,717)
Gross profit 9,596 12,316 20,584 25,770
OPERATING EXPENSES        
Selling and marketing expenses 6,748 6,384 13,786 11,493
General and administrative expenses 7,533 6,556 15,389 14,210
Depreciation and amortization 866 1,123 1,736 1,970
Share-based compensation 214 390 1,234 1,428
Transaction and restructuring related expenses 17 2,009 17 2,009
Total operating expenses 15,378 16,462 32,162 31,110
Loss from operations (5,782) (4,146) (11,578) (5,340)
Other income (expense)        
Interest income 7 0 21 2
Interest expense (3,075) (3,418) (6,271) (6,038)
Change in fair value of derivative liability 0 1,774 0 3,074
Gain on contingent consideration payable 0 2,393 0 2,393
Loss on litigation settlement 0 0 (3) 0
Other (663) (107) (8) (51)
Total other income (expense), net (3,731) 642 (6,261) (620)
Net loss before income taxes (9,513) (3,504) (17,839) (5,960)
Income tax expense (1,951) (3,042) (5,017) (6,480)
Net loss (11,464) (6,546) (22,856) (12,440)
Net income attributable to non-controlling interest 5 5 10 10
Net loss attributable to shareholders $ (11,469) $ (6,551) $ (22,866) $ (12,450)
Basic loss per share (in dollar per share) $ (0.02) $ (0.01) $ (0.04) $ (0.02)
Diluted loss per share (in dollar per share) $ (0.02) $ (0.01) $ (0.04) $ (0.02)
Weighted average number of shares outstanding, basic (in shares) 646,690,827 636,653,975 644,415,447 628,175,765
Weighted average number of shares outstanding, diluted (in shares) 646,690,827 636,653,975 644,415,447 628,175,765