v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 36,305 $ 62,937
Restricted cash 51 185
Accounts receivable, net of allowance of $298 and $309 at June 30, 2022 and December 31, 2021, respectively 48,267 57,980
Inventory 17,519 17,217
Prepaid expenses and other current assets 16,612 18,833
Total current assets 118,754 157,152
Property, plant and equipment, net 7,666 7,741
Goodwill 13,641 13,641
Intangible assets, net 5,870 6,438
Right-of-use assets, net 5,488 6,585
Other non-current assets 3,761 3,942
Total assets 155,180 195,499
Current liabilities:    
Accounts payable 26,669 29,709
Deferred revenue 4,588 2,902
Accrued expenses 26,902 26,967
Senior term loan, current portion 3,577 3,187
Subordinated debt 10,844 10,577
Current portion of long-term debt 259 275
Total current liabilities 72,839 73,617
Subordinated term loan - related party 39,706 37,991
Senior term loan 37,459 37,876
Convertible debt 42,605 41,343
Other long-term liabilities 16,042 20,924
Total liabilities 208,651 211,751
Stockholders’ deficit:    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 72,335,952 shares issued and outstanding at both June 30, 2022 and December 31, 2021 7 7
Additional paid-in capital 763,128 749,592
Accumulated deficit (816,606) (765,851)
Total stockholders’ deficit (53,471) (16,252)
Total liabilities and stockholders’ deficit $ 155,180 $ 195,499

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