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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 226,783 $ 167,432
Accounts receivable 16,817 36,867
Inventory 55,031 49,462
Deposits on purchased inventory 6,457 8,142
Deferred cost of revenue 3,466 9,736
Prepaid expenses and other current assets 3,310 6,045
Total current assets 311,864 277,684
Property and equipment, net 23,399 13,958
Restricted cash 1,404 1,933
Intangible assets, net 55 0
Right-of-use assets 11,720 0
Other assets 1,577 1,395
TOTAL ASSETS 350,019 294,970
Current liabilities:    
Accounts payable 13,739 10,207
Accrued liabilities 21,390 9,983
Customer deposits 9,662 19,968
Operating lease liability, current 2,264 0
Current portion of long-term debt 1,556 0
Deferred revenue, current portion 10,457 13,731
Total current liabilities 59,068 53,889
Deferred revenue, net of current portion 3,553 5,744
Long-term debt 53,995 55,364
Warrant liability 5,373 11,844
Operating lease liability, noncurrent 10,479 0
Other long-term liabilities 1,377 820
TOTAL LIABILITIES 133,845 127,661
Commitments and contingencies (Note 6) 0 0
Stockholders’ equity:    
Convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized at December 31, 2019 and 2018; no shares issued and outstanding at December 31, 2019 and 2018 0 0
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at December 31, 2019 and 2018; 147,191,695 and 96,332,023 shares issued and outstanding at December 31, 2019 and 2018 1,462 952
Additional paid-in capital 733,888 565,334
Accumulated deficit (519,176) (398,977)
TOTAL STOCKHOLDERS’ EQUITY 216,174 167,309
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 350,019 $ 294,970