Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 32,756 $ 48,767
Restricted cash 6,251 6,842
Investments 51,330 55,199
Accounts receivable, net of allowance for doubtful accounts of $276 and $416, respectively 18,158 17,618
Inventory 16,693 12,529
Prepaid expenses and other 1,861 4,296
Total current assets 127,049 145,251
Property and equipment, net 62,881 38,398
Operating lease right-of-use assets 15,193 15,614
Finance lease right-of-use assets 42 64
Intangible assets, net 2,859 2,054
Total assets 208,024 201,381
Current liabilities:    
Accounts payable and accrued expenses 22,459 21,968
Current maturities of long-term lease obligations 1,834 863
Total current liabilities 24,293 22,831
Long-term debt, net of financing fees 44,821 32,027
Long-term lease obligations 20,798 20,874
Debt derivative liabilities 5,562 2,497
Other long-term liabilities 0 3
Total liabilities 95,474 78,232
Commitments and contingencies - see Note 14
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 41,736,950 and 40,618,766 shares issued and outstanding 417 406
Additional paid-in capital 342,765 326,390
Accumulated deficit (230,632) (203,647)
Total shareholders’ equity 112,550 123,149
Total liabilities and shareholders’ equity $ 208,024 $ 201,381