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, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 19,189 $ 31,024
Restricted cash 6,000 6,002
Investments 1,944 0
Accounts receivable, net of allowance for doubtful accounts of $831 and $337, respectively 25,152 25,147
Inventory, net 28,015 23,020
Prepaid expenses and other 1,962 2,811
Total current assets 82,262 88,004
Property and equipment, net 86,752 88,730
Operating lease right-of-use assets 14,952 15,562
Intangible assets, net 4,966 4,531
Total assets 188,932 196,827
Current liabilities:    
Accounts payable and accrued expenses 21,664 28,883
Current maturities of long-term lease obligations 1,751 1,547
Total current liabilities 23,415 30,430
Long-term debt, net of debt discount and financing fees 47,047 46,603
Long-term lease obligations 20,231 21,142
Debt derivative liabilities 2,458 2,987
Other long-term liabilities 94 0
Total liabilities 93,245 101,162
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 43,824,738 and 43,124,496 shares issued and outstanding 438 431
Additional paid-in capital 385,101 376,530
Accumulated deficit (289,852) (281,296)
Total shareholders’ equity 95,687 95,665
Total liabilities and shareholders’ equity $ 188,932 $ 196,827