Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 363 $ 5,259
Prepaid expenses and other current assets 975 303
Current assets of discontinued operation 0 785
Total current assets 1,338 6,347
Property and equipment, net 3,671 9
Right-of-use asset 2,877 854
Intangible asset 3,900 0
Goodwill 8,797 2,127
Non-current assets of discontinued operation 0 695
Total assets 20,583 10,032
Current liabilities:    
Accounts payable 7,822 3,198
Accrued expenses and other current liabilities 3,652 2,133
Current portion of long-term debt, net 4,228 5,600
Current portion of operating lease liability 341 231
Contingent consideration 83 0
Convertible bond payable 1,000 0
Derivative instrument 1,659 0
Other current liabilities 266 0
Current liabilities of discontinued operation 0 10,298
Total current liabilities 19,051 21,460
Long-term portion, net 0 1,519
Long-term operating lease liability 2,528 585
Deferred Tax Liability 202 0
Other long-term liabilities 0 13
Non-current liabilities of discontinued operation 0 10,697
Total liabilities 21,781 34,274
Commitments and contingencies (Note 12)
Shareholders' (deficit) equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; shares issued and outstanding, 36,267 at September 30, 2023 and 0 December 31, 2022 0 0
Common stock, $0.01 par value. Authorized, 190,000,000 shares; issued and outstanding, 12,164,753 shares at September 30, 2023 and 1,623,913 shares at December 31, 2022 122 16
Additional paid-in capital 178,940 166,646
Accumulated deficit (189,300) (190,904)
Total shareholders' deficit (10,238) (24,242)
Total liabilities, non-voting convertible preferred stock and shareholders' deficit 20,583 10,032
Series X Non-Voting Convertible Preferred Stock [Member]    
Mezzanine equity:    
Series X non-voting convertible preferred stock, $0.01 par value, Authorized, 27,090 shares; issued and outstanding 20,066 shares at September 30, 2023 $ 9,040 $ 0