Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,707 $ 15,284
Restricted cash 6,252 6,251
Investments 30,160 33,505
Accounts receivable, net of allowance for doubtful accounts of $383 and $650, respectively 22,278 22,186
Inventory 19,849 18,905
Prepaid expenses and other 2,453 1,944
Total current assets 88,699 98,075
Property and equipment, net 83,049 79,294
Operating lease right-of-use assets 13,868 14,369
Intangible assets, net 3,858 3,649
Total assets 189,474 195,387
Current liabilities:    
Accounts payable and accrued expenses 20,188 22,443
Current maturities of long-term lease obligations 1,050 1,310
Total current liabilities 21,238 23,753
Long-term debt, net of debt discount and financing fees 45,931 45,712
Long-term lease obligations 20,089 20,405
Debt derivative liabilities 4,703 4,518
Total liabilities 91,961 94,388
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, 0.01 par value per share; 100,000,000 shares authorized; 42,809,994 and 42,445,517 shares issued and outstanding 428 424
Additional paid-in capital 363,739 360,155
Accumulated deficit (266,654) (259,580)
Total shareholders’ equity 97,513 100,999
Total liabilities and shareholders’ equity $ 189,474 $ 195,387