DIRTT ENVIRONMENTAL SOLUTIONS LTD
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
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Interim Condensed Consolidated Balance Sheets
(Unaudited – Stated in thousands of U.S. dollars)
| As at September 30, | As at December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 23,626 | 24,744 |
| Restricted cash | 241 | 355 |
| Trade and accrued receivables, net of expected credit losses of $0.1 million at September 30, 2024 and at December 31, 2023 | 20,385 | 15,787 |
| Other receivables | 521 | 484 |
| Inventory | 14,751 | 16,577 |
| Prepaids and other current assets | 3,601 | 4,023 |
| Assets held for sale | - | 1,555 |
| Total Current Assets | 63,125 | 63,525 |
| Property, plant and equipment, net | 21,587 | 25,077 |
| Capitalized software, net | 3,175 | 2,450 |
| Operating lease right-of-use assets, net | 27,132 | 29,813 |
| Other assets | 3,203 | 3,452 |
| Total Assets | 118,222 | 124,317 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 16,297 | 19,880 |
| Other liabilities | 3,027 | 2,482 |
| Customer deposits and deferred revenue | 3,524 | 5,290 |
| Current portion of long-term debt and accrued interest | 377 | 841 |
| Current portion of lease liabilities | 5,762 | 5,255 |
| Total Current Liabilities | 28,987 | 33,748 |
| Long-term debt | 23,536 | 55,267 |
| Long-term lease liabilities | 25,694 | 28,201 |
| Total Liabilities | 78,217 | 117,216 |
| SHAREHOLDERS’ EQUITY | ||
| Common shares, unlimited authorized without par value, 193,392,884 issued and outstanding at September 30, 2024 and 105,377,667 issued and outstanding at December 31, 2023 | 218,915 | 196,128 |
| Additional paid-in capital | 7,565 | 7,954 |
| Accumulated other comprehensive loss | (16,346) | (16,125) |
| Accumulated deficit | (170,129) | (180,856) |
| Total Shareholders’ Equity | 40,005 | 7,101 |
| Total Liabilities and Shareholders’ Equity | 118,222 | 124,317 |
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