Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 24,294 $ 36,507
Restricted cash 6,000  
Investments 92,311  
Accounts receivable, net of allowance for doubtful accounts of $1,117 and $461, respectively 15,321 11,065
Inventory 11,982 7,316
Prepaid expenses and other 1,045 853
Total current assets 150,953 55,741
Property and equipment, net 8,039 2,197
Intangible assets 1,181 937
Total assets 160,173 58,875
Current liabilities:    
Borrowings under revolving loan agreement   4,000
Accounts payable and accrued expenses 12,998 8,952
Current maturities of long term obligations 28 735
Contract liabilities, current 18 32
Total current liabilities 13,044 13,719
Long Term Obligations, net of current maturities and deferred financing fees 35 19,810
Other long-term liabilities 70 95
Contract liabilities 42 69
Total liabilities 13,191 33,693
Commitments and contingencies - see Note 14
Shareholders' equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 38,900,875 and 34,350,329 shares issued and outstanding 389 343
Additional paid-in capital 297,319 153,168
Accumulated deficit (150,726) (128,329)
Total shareholders' equity 146,982 25,182
Total liabilities and shareholders' equity $ 160,173 $ 58,875