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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,294 $ 34,347
Restricted cash 710 3,969
Accounts receivable - trade, net of allowance for credit losses of $18,324 as of September 30, 2023 and $16,184 as of December 31, 2022 69,072 134,471
Other receivables 19,921 16,144
Inventories 107,741 94,288
Contract assets 759 576
Prepaid expenses and other current assets 11,973 7,410
Total current assets 214,470 291,205
Property, plant and equipment, net 6,107 9,478
Right-of-use assets from operating leases 9,462 12,606
Goodwill 12,594 12,594
Intangible assets, net 27,780 31,742
Other assets 15,766 15,536
Total assets 286,179 373,161
Current liabilities:    
Accounts payable - trade 95,445 118,667
Short-term debt – bank, trade facilities and secured borrowings 11,065 9,706
Current portion of long-term debt 0 24,073
Contract liabilities 10,144 18,705
Operating lease liabilities 4,736 4,834
Accrued and other liabilities 44,952 25,562
Total current liabilities 166,342 201,547
Long-term debt, net of current portion 29,291 0
Contract liabilities - non-current 5,918 7,788
Operating lease liabilities - non-current 8,046 11,417
Pension liabilities 10,717 11,021
Other long-term liabilities 1,793 2,806
Total liabilities 222,107 234,579
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 72,000 and 36,000 shares authorized, 31,954 and 30,968 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively, at $0.001 par value 31 30
Preferred stock, $0.001 par value, 25,000 shares authorized and no shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 284,134 271,884
Accumulated other comprehensive loss (8,756) (4,662)
Accumulated deficit (211,337) (128,670)
Total stockholders’ equity 64,072 138,582
Total liabilities and stockholders’ equity $ 286,179 $ 373,161