Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,036 $ 27,554
Restricted cash 6,000 6,000
Investments 9,886 5,928
Accounts receivable, net of allowance for doubtful accounts of $1,144 and $788, respectively 28,029 24,105
Inventory 36,774 33,183
Prepaid expenses and other assets 2,694 2,447
Total current assets 103,419 99,217
Property and equipment, net 82,392 84,667
Operating lease right-of-use assets 13,527 14,265
Intangible assets, net 6,115 5,579
Total assets 205,453 203,728
Current liabilities:    
Accounts payable and accrued expenses 22,770 28,641
Current maturities of long-term lease obligations 2,210 1,969
Total current liabilities 24,980 30,610
Long-term debt, net of debt discount and financing fees 47,938 47,496
Long-term lease obligations 18,040 19,221
Debt derivative liabilities 2,078 2,400
Other long-term liabilities 141 94
Total liabilities 93,177 99,821
Commitments and contingencies - see Note 13
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 45,765,290 and 44,148,836 shares issued and outstanding, respectively 457 441
Additional paid-in capital 406,334 394,726
Accumulated deficit (294,515) (291,260)
Total shareholders’ equity 112,276 103,907
Total liabilities and shareholders’ equity $ 205,453 $ 203,728