Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (22,134,000) $ (54,151,000)
Less: Net Income (loss) from discontinued operations 6,270,000 (17,342,000)
Net loss from continuing operations (28,404,000) (36,809,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 0 650,000
Gain from debt forgiveness (86,000) 0
(Gain) loss on sale of assets 6,000 (35,000)
Amortization of debt discount 0 845,000
Depreciation and amortization 4,480,000 5,062,000
Operating lease expense 633,000 680,000
Stock based compensation 2,884,000 1,672,000
Impairment loss 0 19,910,000
Gain on sale of investments (5,337,000) 0
Non-cash portion of severance expense 7,990,000 0
Loss (gain) on extinguishment of debt 5,976,000 0
Non cash interest expense 30,000 0
Change in operating assets and liabilities:    
Accounts receivable (1,766,000) 292,000
Inventory 3,100,000 (518,000)
Prepaid expenses and other current assets (1,392,000) 218,000
Other assets 338,000 (1,024,000)
Accounts payable and accrued expenses (3,798,000) 1,567,000
Operating lease liabilities (45,000) (380,000)
Net cash provided by / (used in) operating activities - continuing operations (15,391,000) (7,870,000)
Net cash provided by / (used in) operating activities - discontinued operations (925,000) (5,020,000)
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (16,316,000) (12,890,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (6,442,000) (46,000)
Purchase of equity investment 0 243,000
Proceeds from sale of investments 39,382,000 0
Cash outflow for loans 0 (250,000)
Cash paid for acquisitions (15,000) 0
Cash from acquisitions 2,258,000 57,000
Proceeds from sales of assets 72,000 35,000
Net cash provided by / (used in) investing activities - continuing operations 20,271,000 39,000
Net cash provided by / (used in) investing activities - discontinued operations 8,350,000 11,189,000
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES 28,621,000 11,228,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 6,000,000 2,954,000
Payments of debt principal (3,778,000) (430,000)
Cash paid for debt discount 0 (8,000)
Proceeds from issuance of common stock 0 250,000
Cash contribution from non-controlling interest 0 152,000
Cash paid for debt issuance cost (178) 0
Cash distribution to non-controlling interest 0 (145,000)
Purchase of treasury stock 0 0
Net cash provided by / (used in) financing activities - continuing operations 2,044,000 2,773,000
Net cash provided by / (used in) financing activities - discontinued operations 0 0
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES 2,044,000 2,773,000
NET CHANGE IN CASH 14,350,000 1,112,000
Cash at beginning of period 888,000 1,226,000
CASH AT END OF PERIOD 15,238,000 2,338,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 705,000 892,000
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 5,056,000 2,252,000
Stock Issued for the acquisition of OneQor 0 9,305,000
Stock options exercised on a net share basis 3,000 0
Stock, stock options and warrants issued for the acquisition of UMBRLA 79,032,000 0
Assumption of Halladay mortgage 2,986,000 0
Promissory note issued for severance 2,100,000 0
Fixed assets in accounts payable 100,000 792,000
Non-cash contribution from non-controlling interest 0 702,000
Net assets acquired from acquisitions of Umbrla and People's $ 153,571,000 $ 0