Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 23,902 $ 27,554
Restricted cash 4,000 6,000
Investments 11,889 5,928
Accounts receivable, net of allowance for doubtful accounts of $1,075 and $788, respectively 30,775 24,105
Inventory 40,581 33,183
Prepaid expenses and other assets 3,309 2,447
Total current assets 114,456 99,217
Property and equipment, net 82,374 84,667
Operating lease right-of-use assets 13,137 14,265
Intangible assets, net 6,433 5,579
Total assets 216,400 203,728
Current liabilities:    
Accounts payable and accrued expenses 25,672 28,641
Current maturities of long-term lease obligations 2,336 1,969
Total current liabilities 28,008 30,610
Long-term debt, net of debt discount and financing fees 48,162 47,496
Long-term lease obligations 17,416 19,221
Debt derivative liabilities 1,868 2,400
Other long-term liabilities 141 94
Total liabilities 95,595 99,821
Commitments and contingencies - see Note 13
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 46,117,283 and 44,148,836 shares issued and outstanding, respectively 461 441
Additional paid-in capital 414,151 394,726
Accumulated deficit (293,807) (291,260)
Total shareholders’ equity 120,805 103,907
Total liabilities and shareholders’ equity $ 216,400 $ 203,728