Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 27,554 $ 31,024
Restricted cash 6,000 6,002
Investments 5,928 0
Accounts receivable, net of allowance for doubtful accounts of $788 and $337, respectively 24,105 25,147
Inventory 33,183 23,020
Prepaid expenses and other 2,447 2,811
Total current assets 99,217 88,004
Property and equipment, net 84,667 88,730
Operating lease right-of-use assets 14,265 15,562
Intangible assets, net 5,579 4,531
Total assets 203,728 196,827
Current liabilities:    
Accounts payable and accrued expenses 28,641 28,883
Current maturities of long-term lease obligations 1,969 1,547
Total current liabilities 30,610 30,430
Long-term debt, net of debt discount and financing fees 47,496 46,603
Long-term lease obligations 19,221 21,142
Debt derivative liabilities 2,400 2,987
Other long-term liabilities 94 0
Total liabilities 99,821 101,162
Commitments and contingencies - see Note 15
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 44,148,836 and 43,124,496 shares issued and outstanding 441 431
Additional paid-in capital 394,726 376,530
Accumulated deficit (291,260) (281,296)
Total shareholders’ equity 103,907 95,665
Total liabilities and shareholders’ equity $ 203,728 $ 196,827