DIRTT ENVIRONMENTAL SOLUTIONS LTD
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Condensed Consolidated Balance Sheets
(Unaudited – Stated in thousands of U.S. dollars)
| As at March 31, | As at December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 38,989 | 24,744 |
| Restricted cash | 241 | 355 |
| Trade and accrued receivables, net of expected credit losses of $0.1 million at March 31, 2024 and at December 31, 2023 | 15,782 | 15,787 |
| Other receivables | 476 | 484 |
| Inventory | 15,669 | 16,577 |
| Prepaids and other current assets | 2,426 | 4,023 |
| Assets held for sale | - | 1,555 |
| Total Current Assets | 73,583 | 63,525 |
| Property, plant and equipment, net | 23,801 | 25,077 |
| Capitalized software, net | 2,700 | 2,450 |
| Operating lease right-of-use assets, net | 28,442 | 29,813 |
| Other assets | 3,442 | 3,452 |
| Total Assets | 131,968 | 124,317 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 15,360 | 19,880 |
| Other liabilities | 2,906 | 2,482 |
| Customer deposits and deferred revenue | 3,080 | 5,290 |
| Current portion of long-term debt and accrued interest | 675 | 841 |
| Current portion of lease liabilities | 5,449 | 5,255 |
| Total Current Liabilities | 27,470 | 33,748 |
| Long-term debt | 46,125 | 55,267 |
| Long-term lease liabilities | 26,957 | 28,201 |
| Total Liabilities | 100,552 | 117,216 |
| SHAREHOLDERS’ EQUITY | ||
| Common shares, unlimited authorized without par value, 191,880,226 issued and outstanding at March 31, 2024 and 105,377,667 issued and outstanding at December 31, 2023 | 218,294 | 196,128 |
| Additional paid-in capital | 7,355 | 7,954 |
| Accumulated other comprehensive loss | (16,422) | (16,125) |
| Accumulated deficit | (177,811) | (180,856) |
| Total Shareholders’ Equity | 31,416 | 7,101 |
| Total Liabilities and Shareholders’ Equity | 131,968 | 124,317 |
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