Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 23,219 $ 15,284
Restricted cash 6,252 6,251
Investments 11,312 33,505
Accounts receivable, net of allowance for doubtful accounts of $595 and $650, respectively 21,573 22,186
Inventory 21,237 18,905
Prepaid expenses and other 2,583 1,944
Total current assets 86,176 98,075
Property and equipment, net 87,459 79,294
Operating lease right-of-use assets 13,958 14,369
Intangible assets, net 4,048 3,649
Total assets 191,641 195,387
Current liabilities:    
Accounts payable and accrued expenses 22,893 22,443
Current maturities of long-term lease obligations 1,040 1,310
Total current liabilities 23,933 23,753
Long-term debt, net of debt discount and financing fees 46,154 45,712
Long-term lease obligations 20,131 20,405
Debt derivative liabilities 4,271 4,518
Total liabilities 94,489 94,388
Commitments and contingencies
Shareholders’ equity:    
Common stock, 0.01 par value per share; 100,000,000 shares authorized; 42,979,541 and 42,445,517 shares issued and outstanding 430 424
Additional paid-in capital 370,036 360,155
Accumulated deficit (273,314) (259,580)
Total shareholders’ equity 97,152 100,999
Total liabilities and shareholders’ equity $ 191,641 $ 195,387