v3.24.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,645,000 $ 9,737,000
Accounts receivable, net 7,199,000 4,157,000
Inventory 25,306,000 19,477,000
Deferred rents receivable 630,000 704,000
Notes receivable, current portion 52,000 2,637,000
Investments, current portion 88,000 123,000
Due from related parties 105,000 29,000
Other current assets 3,407,000 7,282,000
Total current assets 51,432,000 44,146,000
Property and equipment, net 89,103,000 71,641,000
Intangible assets, net 17,012,000 14,201,000
Goodwill 11,993,000 8,079,000
Investments, net of current portion 221,000 0
Notes receivable, net of current portion 814,000 7,467,000
Operating lease right-of-use assets 9,716,000 4,931,000
Finance lease right-of-use assets 3,295,000 713,000
Other assets 12,537,000 1,024,000
Total assets 196,123,000 152,202,000
Current liabilities:    
Mortgages and notes payable, current portion 723,000 3,774,000
Accounts payable 9,001,000 6,626,000
Accrued expenses and other 3,549,000 3,091,000
Income taxes payable 14,434,000 11,489,000
Operating lease liabilities, current portion 1,945,000 1,273,000
Finance lease liabilities, current portion 1,210,000 237,000
Total current liabilities 30,862,000 26,490,000
Mortgages and notes payable, net of current portion 65,652,000 25,943,000
Operating lease liabilities, net of current portion 8,455,000 4,173,000
Finance lease liabilities, net of current portion 2,140,000 461,000
Other liabilities 100,000 100,000
Total liabilities 107,209,000 57,167,000
Commitments and contingencies
Mezzanine equity:    
Total mezzanine equity 19,000,000 37,725,000
Stockholders’ equity:    
Undesignated preferred stock, $0.001 par value; 32,659,235 shares authorized; zero shares issued and outstanding at December 31, 2023 and 2022 0 0
Common stock, $0.001 par value; 700,000,000 shares authorized; 375,126,352 and 341,474,728 shares issued and outstanding at December 31, 2023 and 2022, respectively 375,000 341,000
Common stock subscribed but not issued; zero and 70,000 shares at December 31, 2022 and 2021, respectively 0 39,000
Additional paid-in capital 171,144,000 142,365,000
Accumulated deficit (99,955,000) (83,924,000)
Noncontrolling interests (1,650,000) (1,511,000)
Total stockholders’ equity 69,914,000 57,310,000
Total liabilities, mezzanine equity, and stockholders’ equity 196,123,000 152,202,000
Series B Convertible Preferred Stock    
Mezzanine equity:    
Total mezzanine equity 14,725,000 14,725,000
Series C Convertible Preferred Stock    
Mezzanine equity:    
Total mezzanine equity $ 4,275,000 $ 23,000,000

Source