v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,559 $ 32,756
Restricted cash 6,251 6,251
Investments 52,859 51,330
Accounts receivable, net of allowance for doubtful accounts of $366 and $276, respectively 18,590 18,158
Inventory 17,400 16,693
Prepaid expenses and other 2,816 1,861
Total current assets 112,475 127,049
Property and equipment, net 66,954 62,923
Operating lease right-of-use assets 15,406 15,193
Intangible assets, net 3,190 2,859
Total assets 198,025 208,024
Current liabilities:    
Accounts payable and accrued expenses 20,872 22,459
Current maturities of long-term lease obligations 2,073 1,834
Total current liabilities 22,945 24,293
Long-term debt, net of debt discount and financing fees 45,041 44,821
Long-term lease obligations 20,878 20,798
Debt derivative liabilities 5,310 5,562
Total liabilities 94,174 95,474
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 41,972,987 and 41,736,950 shares issued and outstanding 420 417
Additional paid-in capital 345,538 342,765
Accumulated deficit (242,107) (230,632)
Total shareholders’ equity 103,851 112,550
Total liabilities and shareholders’ equity $ 198,025 $ 208,024

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