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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 12,778 $ 15,666
Restricted cash 83 83
Accounts receivable, net of allowance of $15,141 and $10,494 as of September 30, 2020, and December 31, 2019 57,920 58,977
Inventories 19,493 18,844
Deferred expenses 2 59
Prepaid expenses 2,018 2,523
Advances to suppliers 3,730 450
Other current assets 4,106 3,101
Total current assets 100,130 99,703
LONG-TERM ASSETS:    
Long-term receivables 21,816 35,656
Deferred tax assets 1,036 622
Severance pay funds 568 710
Property and equipment, net 3,727 4,648
Intangible assets 19,738 22,338
Goodwill   27,450
Total long-term assets 46,885 91,424
TOTAL ASSETS 147,015 191,127
CURRENT LIABILITIES:    
Line of credit 3,876 7,789
Trade payables 9,972 9,401
Accrued expenses and other current liabilities 15,178 21,120
Taxes payable 1,594 2,172
Unearned interest income 2,675 3,942
Warranty accrual 1,278 1,254
Deferred revenues 2,006 2,495
Total current liabilities 36,579 48,173
LONG-TERM LIABILITIES:    
Long-term debt 66,516 61,229
Government assistance loans 4,110  
Accrued severance pay 675 827
Deferred tax liabilities 186 1,017
Unearned interest income 1,295 1,681
Warranty accrual 446 723
Other long-term liabilities 559 799
Total long-term liabilities 73,787 66,276
TOTAL LIABILITIES 110,366 114,449
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY (Note 1):    
Common Stock, $0.0001 par value: 300,000,000 shares authorized as of September 30, 2020 and December 31, 2019; 40,873,588 and 28,686,116 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 25 24
Additional paid-in capital (Note 2) 178,258 149,840
Accumulated deficit (142,707) (75,686)
TOTAL STOCKHOLDERS’ EQUITY 35,576 74,178
Non-controlling interests 1,073 2,500
Total equity 36,649 76,678
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 147,015 $ 191,127