Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,713 $ 31,024
Restricted cash 6,000 6,002
Investments 1,921 0
Accounts receivable, net of allowance for doubtful accounts of $603 and $337, respectively 24,212 25,147
Inventory 27,636 23,020
Prepaid expenses and other 3,181 2,811
Total current assets 78,663 88,004
Property and equipment, net 87,838 88,730
Operating lease right-of-use assets 15,247 15,562
Intangible assets, net 4,768 4,531
Total assets 186,516 196,827
Current liabilities:    
Accounts payable and accrued expenses 21,288 28,883
Current maturities of long-term lease obligations 1,644 1,547
Total current liabilities 22,932 30,430
Long-term debt, net of debt discount and financing fees 46,825 46,603
Long-term lease obligations 20,681 21,142
Debt derivative liabilities 2,922 2,987
Total liabilities 93,360 101,162
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 43,687,729 and 43,124,496 shares issued and outstanding 437 431
Additional paid-in capital 380,650 376,530
Accumulated deficit (287,931) (281,296)
Total shareholders’ equity 93,156 95,665
Total liabilities and shareholders’ equity $ 186,516 $ 196,827