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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 30,876 $ 34,297
Restricted cash 0 83
Accounts receivable, net of allowance of $11,997 and $18,490 as of December 31, 2021, and 2020 46,918 52,764
Inventories 20,543 17,759
Prepaid expenses 2,737 2,240
Advances to suppliers 2,162 2,587
Other current assets 3,758 5,674
Total current assets 106,994 115,404
LONG-TERM ASSETS:    
Long-term trade receivables 27,710 21,148
Deferred tax assets 284 884
Severance pay funds 817 685
Property and equipment, net 2,669 3,539
Intangible assets 15,393 18,865
Total long-term assets 46,873 45,121
TOTAL ASSETS 153,867 160,525
CURRENT LIABILITIES:    
Trade payables 4,913 6,322
Accrued expenses and other current liabilities 19,512 20,253
Income taxes payable 294 1,132
Unearned interest income 2,678 1,950
Warranty accrual 1,245 1,106
Deferred revenues 2,030 1,752
Current portion of government assistance loans 543 0
Total current liabilities 31,215 32,515
LONG-TERM LIABILITIES:    
Long-term debt 77,325 75,491
Government assistance loans 0 4,110
Income tax payable 563 478
Accrued severance pay 911 755
Deferred tax liabilities 46 811
Unearned interest income 1,355 1,778
Warranty accrual 508 533
Other long-term liabilities 348 293
Total long-term liabilities 81,056 84,249
TOTAL LIABILITIES 112,271 116,764
Commitments and Contingencies (Note 9)
STOCKHOLDERS’ EQUITY (Note 1):    
Common Stock, $0.0001 par value: 300,000,000 shares authorized as of December 31, 2021 and 2020; 63,982,580 and 53,551,126 issued and outstanding as of December 31, 2021 and 2020, respectively 27 26
Additional paid-in capital 221,321 201,598
Accumulated deficit (180,405) (157,392)
TOTAL STOCKHOLDERS’ EQUITY 40,943 44,232
Non-controlling interests 653 (471)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance 41,596 43,761
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 153,867 $ 160,525