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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 53,766 $ 34,830
Accounts receivable, net of allowances for doubtful accounts of $4,072 and $400, respectively 57,665 46,900
Inventories 34,300 42,437
Prepaid expenses and other current assets 15,553 18,692
Total current assets 161,284 142,859
Satellite network and other equipment, net 160,070 174,178
Goodwill 166,129 166,678
Intangible assets, net 86,264 99,339
Other assets 12,603 12,036
Deferred income taxes 109 104
Total assets 586,459 595,194
Current liabilities:    
Accounts payable 15,527 29,298
Accrued liabilities 35,735 33,016
Current portion of deferred revenue 5,954 6,263
Total current liabilities 57,216 68,577
Note payable — related party 1,298 1,366
Notes payable, net of unamortized deferred issuance costs 245,907 245,131
Deferred revenue, net of current portion 5,471 2,459
Deferred tax liabilities 16,109 17,646
Other liabilities 2,600 13,619
Total liabilities 328,601 348,798
Commitments and contingencies
ORBCOMM Inc. stockholders’ equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 79,008,243 and 74,436,579 shares issued at December 31, 2018 and December 31, 2017 79 74
Additional paid-in capital 449,343 411,298
Accumulated other comprehensive (loss) income (381) 256
Accumulated deficit (192,507) (166,245)
Less treasury stock, at cost; 29,990 shares at December 31, 2018 and December 31, 2017 (96) (96)
Total ORBCOMM Inc. stockholders’ equity 256,832 245,663
Noncontrolling interests 1,026 733
Total equity 257,858 246,396
Total liabilities and equity 586,459 595,194
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders’ equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 39,442 and 37,544 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively $ 394 $ 376