v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17 $ 189
Trade receivables 1,390 2,520
Inventories 1,524 1,603
Other current assets 875 404
Total current assets 3,806 4,716
Non-current assets:    
Investment in affiliated companies, net 40 40
Investment in other company 455 455
Property and equipment, net 1,731 2,045
Right of use asset arising from operating lease 102 143
Goodwill 6,216 6,216
Intangible assets 1,500 1,500
Total non-current assets 10,044 10,399
Total assets 13,850 15,115
Current liabilities:    
Revolving line of credit 1,268
Loans, net 3,582 2,023
Accounts payable 3,432 2,276
Other current liabilities 3,572 4,284
Liability for minimum royalties 466 377
Total current liabilities 12,320 8,960
Non-current liabilities:    
Convertible bridge loans, net 30,463 25,406
Fair value of bifurcated convertible feature of convertible bridge loans 4 4,182
Operating lease liability 93 141
Deferred taxes 315 315
Liability for minimum royalties 206 183
Other non-current liabilities 245 140
Total non-current liabilities 31,326 30,367
Shareholders’ deficit:    
Authorized: 5,000,000,000 shares at June 30, 2022 and December 31, 2021; Issued and outstanding: 1,193,175,121 shares and 975,644,432 shares at June 30, 2022 and December 31, 2021, respectively 3,557 2,913
Additional paid-in capital 71,007 63,470
Accumulated deficit (104,966) (90,595)
Total shareholders’ deficit (30,402) (24,212)
Non-controlling interests 606
Total deficit (29,796) (24,212)
Total liabilities and deficit $ 13,850 $ 15,115

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