v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 57 $ 189
Trade receivables 670 2,520
Inventories 1,320 1,603
Other current assets 540 404
Total current assets 2,587 4,716
Non-current assets:    
Investment in affiliated companies, net 40 40
Investment in other company 455 455
Property and equipment, net 1,598 2,045
Right of use asset arising from operating lease 98 143
Goodwill 6,216 6,216
Intangible assets 1,500 1,500
Other long term assets (Note 1A) 1,733
Total non-current assets 11,640 10,399
Total assets 14,227 15,115
Current liabilities:    
Revolving line of credit 2,527
Loans, net 3,330 2,023
Accounts payable 4,119 2,276
Other current liabilities 3,761 4,284
Liability for minimum royalties 474 377
Total current liabilities 14,211 8,960
Non-current liabilities:    
Convertible bridge loans, net 29,797 25,406
Fair value of bifurcated convertible feature of convertible bridge loans 136 4,182
Operating lease liability 82 141
Deferred taxes 315 315
Liability for minimum royalties 216 183
Other non-current liabilities 105 140
Total non-current liabilities 30,651 30,367
Shareholders’ deficit:    
Authorized: 10,000,000,000 and 5,000,000,000 shares at September 30, 2022 and December 31, 2021, respectively; Issued and outstanding: 1,354,369,182 shares and 975,644,432 shares at September 30, 2022 and December 31, 2021, respectively 4,045 2,913
Additional paid-in capital 75,341 63,470
Accumulated deficit (110,596) (90,595)
Total shareholders’ deficit (31,210) (24,212)
Non-controlling interests 575
Total deficit (30,635) (24,212)
Total liabilities and deficit $ 14,227 $ 15,115

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