Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18,662 $ 31,024
Restricted cash 6,000 6,002
Investments 5,868 0
Accounts receivable, net of allowance for doubtful accounts of $888 and $337, respectively 24,629 25,147
Inventory, net 29,363 23,020
Prepaid expenses and other 1,730 2,811
Total current assets 86,252 88,004
Property and equipment, net 85,632 88,730
Operating lease right-of-use assets 14,886 15,562
Intangible assets, net 5,215 4,531
Total assets 191,985 196,827
Current liabilities:    
Accounts payable and accrued expenses 21,177 28,883
Current maturities of long-term lease obligations 1,856 1,547
Total current liabilities 23,033 30,430
Long-term debt, net of debt discount and financing fees 47,272 46,603
Long-term lease obligations 19,734 21,142
Debt derivative liabilities 2,445 2,987
Other long-term liabilities 94 0
Total liabilities 92,578 101,162
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 44,002,323 and 43,124,496 shares issued and outstanding 440 431
Additional paid-in capital 390,677 376,530
Accumulated deficit (291,710) (281,296)
Total shareholders’ equity 99,407 95,665
Total liabilities and shareholders’ equity $ 191,985 $ 196,827