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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 54,258 $ 53,766
Accounts receivable, net of allowances for doubtful accounts of $4,480 and $4,072, respectively 60,595 57,665
Inventories 39,881 34,300
Prepaid expenses and other current assets 18,003 15,553
Total current assets 172,737 161,284
Satellite network and other equipment, net 145,553 160,070
Goodwill 166,129 166,129
Intangible assets, net 73,280 86,264
Other assets 23,149 12,603
Deferred income taxes 132 109
Total assets 580,980 586,459
Current liabilities:    
Accounts payable 16,722 15,527
Accrued liabilities 36,951 35,735
Current portion of deferred revenue 3,865 5,954
Total current liabilities 57,538 57,216
Note payable — related party 1,275 1,298
Notes payable, net of unamortized deferred issuance costs 246,683 245,907
Deferred revenue, net of current portion 6,771 5,471
Deferred tax liabilities 14,894 16,109
Other liabilities 16,303 2,600
Total liabilities 343,464 328,601
Commitments and contingencies
ORBCOMM Inc. stockholders’ equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 78,062,451 and 79,008,243 shares issued at December 31, 2019 and December 31, 2018, respectively 78 79
Additional paid-in capital 447,681 449,343
Accumulated other comprehensive loss (1,013) (381)
Accumulated deficit (210,942) (192,507)
Less treasury stock, at cost; 29,990 shares at December 31, 2018   (96)
Total ORBCOMM Inc. stockholders’ equity 236,210 256,832
Noncontrolling interests 1,306 1,026
Total equity 237,516 257,858
Total liabilities and equity 580,980 586,459
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders’ equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 40,624 and 39,442 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively $ 406 $ 394