Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 11,822,000 $ 32,756,000
Restricted cash 6,251,000 6,251,000
Investments 46,210,000 51,330,000
Accounts receivable, net of allowance for doubtful accounts of $595 and $276, respectively 20,370,000 18,158,000
Inventory 19,222,000 16,693,000
Prepaid expenses and other 2,900,000 1,861,000
Total current assets 106,775,000 127,049,000
Property and equipment, net 70,988,000 62,923,000
Operating lease right-of-use assets 14,975,000 15,193,000
Intangible assets, net 3,346,000 2,859,000
Total assets 196,084,000 208,024,000
Current liabilities:    
Accounts payable and accrued expenses 21,838,000 22,459,000
Current maturities of long-term lease obligations 1,762,000 1,834,000
Total current liabilities 23,600,000 24,293,000
Long-term debt, net of debt discount and financing fees 45,263,000 44,821,000
Long-term lease obligations 20,655,000 20,798,000
Debt derivative liabilities 4,876,000 5,562,000
Total liabilities 94,394,000 95,474,000
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 42,134,504 and 41,736,950 shares issued and outstanding 420,000 417,000
Additional paid-in capital 351,117,000 342,765,000
Accumulated deficit (249,847,000) (230,632,000)
Total shareholders’ equity 101,690,000 112,550,000
Total liabilities and shareholders’ equity $ 196,084,000 $ 208,024,000