v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 74 $ 189
Trade receivables, net 1,485 2,520
Inventories 1,642 1,603
Other current assets 841 404
Total current assets 4,042 4,716
Non-current assets:    
Investment in affiliated companies, net 40 40
Investment in other company 455 455
Property and equipment, net 2,113 2,045
Right of use asset arising from operating lease 123 143
Goodwill 5,594 6,216
Intangible assets 1,350 1,500
Total non-current assets 9,675 10,399
Total assets 13,717 15,115
Current liabilities:    
Receivables financing facility, net 895
Loans, net 2,708 2,023
Accounts payable 3,299 2,276
Other current liabilities 3,501 4,284
Liability for minimum royalties 417 377
Total current liabilities 10,820 8,960
Non-current liabilities:    
Convertible bridge loans, net 27,028 25,406
Fair value of bifurcated convertible feature of convertible bridge loans 187 4,182
Operating lease liability 118 141
Deferred taxes 284 315
Liability for minimum royalties 196 183
Other non-current liabilities 245 140
Total non-current liabilities 28,058 30,367
Shareholders’ deficit:    
Authorized: 5,000,000,000 shares at March 31, 2022 and December 31, 2021; Issued and outstanding: 1,140,376,586 shares and 975,644,432 shares at March 31, 2022 and December 31, 2021, respectively 3,423 2,913
Additional paid-in capital 69,599 63,470
Accumulated deficit (98,183) (90,595)
Total shareholders’ deficit (25,161) (24,212)
Total liabilities and shareholders’ deficit $ 13,717 $ 15,115

Source