Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 15,284 $ 32,756
Restricted cash 6,251 6,251
Investments 33,505 51,330
Accounts receivable, net of allowance for doubtful accounts of $650 and $276, respectively 22,186 18,158
Inventory 18,905 16,693
Prepaid expenses and other 1,944 1,861
Total current assets 98,075 127,049
Property and equipment, net 79,294 62,923
Operating lease right-of-use assets 14,369 15,193
Intangible assets, net 3,649 2,859
Total assets 195,387 208,024
Current liabilities:    
Accounts payable and accrued expenses 22,443 22,459
Current maturities of long-term lease obligations 1,310 1,834
Total current liabilities 23,753 24,293
Long-term debt, net of debt discount and financing fees 45,712 44,821
Long-term lease obligations 20,405 20,798
Debt derivative liabilities 4,518 5,562
Total liabilities 94,388 95,474
Commitments and contingencies - see Note 14
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 42,445,517 and 41,736,950 shares issued and outstanding 424 417
Additional paid-in capital 360,155 342,765
Accumulated deficit (259,580) (230,632)
Total shareholders’ equity 100,999 112,550
Total liabilities and shareholders’ equity $ 195,387 $ 208,024