Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,094 $ 15,284
Restricted cash 6,002 6,251
Investments 1,494 33,505
Accounts receivable, net of allowance for doubtful accounts of $319 and $650, respectively 23,263 22,186
Inventory 23,019 18,905
Prepaid expenses and other 2,567 1,944
Total current assets 87,439 98,075
Property and equipment, net 89,030 79,294
Operating lease right-of-use assets 13,873 14,369
Intangible assets, net 4,288 3,649
Total assets 194,630 195,387
Current liabilities:    
Accounts payable and accrued expenses 25,550 22,443
Current maturities of long-term lease obligations 1,096 1,310
Total current liabilities 26,646 23,753
Long-term debt, net of debt discount and financing fees 46,378 45,712
Long-term lease obligations 19,927 20,405
Debt derivative liabilities 3,869 4,518
Total liabilities 96,820 94,388
Commitments and contingencies
Shareholders’ equity:    
Common stock, 0.01 par value per share; 100,000,000 shares authorized; 43,039,399 and 42,445,517 shares issued and outstanding 430 424
Additional paid-in capital 374,783 360,155
Accumulated deficit (277,403) (259,580)
Total shareholders’ equity 97,810 100,999
Total liabilities and shareholders’ equity $ 194,630 $ 195,387