Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 18,096 $ 27,554
Restricted cash 6,000 6,000
Investments 3,973 5,928
Accounts receivable, net of allowance for doubtful accounts of $960 and $788, respectively 26,295 24,105
Inventory 35,504 33,183
Prepaid expenses and other 3,202 2,447
Total current assets 93,070 99,217
Property and equipment, net 83,311 84,667
Operating lease right-of-use assets 13,903 14,265
Intangible assets, net 5,881 5,579
Total assets 196,165 203,728
Current liabilities:    
Accounts payable and accrued expenses 19,658 28,641
Current maturities of long-term lease obligations 2,087 1,969
Total current liabilities 21,745 30,610
Long-term debt, net of debt discount and financing fees 47,716 47,496
Long-term lease obligations 18,640 19,221
Debt derivative liabilities 2,558 2,400
Other long-term liabilities 141 94
Total liabilities 90,800 99,821
Commitments and contingencies - see Note 13
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 45,512,623 and 44,148,836 shares issued and outstanding 455 441
Additional paid-in capital 400,004 394,726
Accumulated deficit (295,094) (291,260)
Total shareholders’ equity 105,365 103,907
Total liabilities and shareholders’ equity $ 196,165 $ 203,728