Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 35,724 $ 24,294
Restricted cash 6,000 6,000
Investments 60,786 92,311
Accounts receivable, net of allowance for doubtful accounts of $1,092 and $1,117, respectively 16,944 15,321
Inventory 13,861 11,982
Prepaid expenses and other 1,706 1,045
Total current assets 135,021 150,953
Property and equipment, net 14,887 8,039
Operating lease right-of-use assets 3,133  
Finance lease right-of-use assets 87  
Intangible assets 1,515 1,181
Total assets 154,643 160,173
Current liabilities:    
Accounts payable and accrued expenses 19,130 12,998
Current maturities of long term obligations 1,736 28
Contract liabilities, current 14 18
Total current liabilities 20,880 13,044
Long Term Obligations, net of current maturities 1,595 35
Other long-term liabilities   70
Contract liabilities 15 42
Total liabilities 22,490 13,191
Commitments and contingencies - see Note 14
Shareholders' equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 39,589,755 and 38,900,875 shares issued and outstanding 396 389
Additional paid-in capital 311,618 297,319
Accumulated deficit (179,861) (150,726)
Total shareholders' equity 132,153 146,982
Total liabilities and shareholders' equity $ 154,643 $ 160,173