Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 53,078 $ 48,767
Restricted cash 6,333 6,842
Investments 46,839 55,199
Accounts receivable, net of allowance for doubtful accounts of $258 and $416, respectively 18,182 17,618
Inventory 13,415 12,529
Prepaid expenses and other 3,948 4,296
Total current assets 141,795 145,251
Property and equipment, net 50,952 38,398
Operating lease right-of-use assets 15,272 15,614
Finance lease right-of-use assets 53 64
Intangible assets 2,460 2,054
Total assets 210,532 201,381
Current liabilities:    
Accounts payable and accrued expenses 19,839 21,968
Current maturities of long-term lease obligations 1,789 863
Total current liabilities 21,628 22,831
Long-term debt, net of financing fees 46,081 32,027
Long-term lease obligations 20,344 20,874
Debt derivative liability 3,776 2,497
Other long-term liabilities 0 3
Total liabilities 91,829 78,232
Commitments and contingencies - see Note 13
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 41,337,108 and 40,618,766 shares issued and outstanding 413 406
Additional paid-in capital 336,495 326,390
Accumulated deficit (218,205) (203,647)
Total shareholders’ equity 118,703 123,149
Total liabilities and shareholders’ equity $ 210,532 $ 201,381