Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 9,737 $ 29,683
Accounts receivable, net of allowances of $4,603 and $41,401 at December 31, 2022 and 2021, respectively 4,157 1,666
Deferred rents receivable 704 1,678
Note receivable, current portion 2,637 127
Inventory 19,477 9,768
Investments, current 123 251
Due from related parties 29 0
Other current assets 7,282 1,440
Total current assets 44,146 44,613
Property and equipment, net 71,641 62,150
Intangible assets, net 14,201 162
Goodwill 8,079 2,068
Note receivable, net of current 7,467 8,987
Operating lease right-of-use assets 4,931 5,081
Finance right-of-use assets 713 46
Other assets 1,024 98
Total assets 152,202 123,205
Current liabilities:    
Mortgages and notes payable, current portion 3,774 1,410
Accounts payable 6,626 5,099
Accrued expenses and other 3,091 3,149
Income taxes payable 11,489 16,467
Operating lease liabilities, current portion 1,273 1,071
Finance lease liabilities, current portion 237 27
Total current liabilities 26,490 27,223
Mortgages and notes payable, net of current 25,943 17,262
Operating lease liabilities, net of current 4,173 4,574
Finance lease liabilities, net of current 461 22
Other liabilities 100 100
Total liabilities 57,167 49,181
Mezzanine equity:    
Total mezzanine equity 37,725 37,725
Stockholders’ equity:    
Undesignated preferred stock, $0.001 par value; 32,659,235 shares authorized; zero shares issued and outstanding at December 31, 2022 and 2021 0 0
Common stock, $0.001 par value; 700,000,000 shares authorized; 341,474,728 and 334,030,348 shares issued and outstanding at December 31, 2022 and 2021, respectively 341 334
Common stock subscribed but not issued; 70,000 and zero shares at December 31, 2022 and 2021, respectively 39 0
Additional paid-in capital 142,365 134,920
Accumulated deficit (83,924) (97,392)
Noncontrolling interests (1,511) (1,563)
Total stockholders’ equity 57,310 36,299
Total liabilities, mezzanine equity, and stockholders’ equity 152,202 123,205
Series B Convertible Preferred Stock    
Mezzanine equity:    
Total mezzanine equity 14,725 14,725
Series C Convertible Preferred Stock    
Mezzanine equity:    
Total mezzanine equity $ 23,000 $ 23,000