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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 190,208 $ 226,783
Accounts receivable 21,490 16,817
Inventory 55,031 55,031
Deposits on purchased inventory 4,235 6,457
Deferred cost of revenue 3,554 3,466
Prepaid expenses and other current assets 5,849 3,310
Total current assets 280,367 311,864
Property and equipment, net 23,570 23,399
Restricted cash 1,860 1,404
Intangible assets, net 54 55
Right-of-use assets 11,175 11,720
Other assets 1,717 1,577
TOTAL ASSETS 318,743 350,019
Current liabilities:    
Accounts payable 7,232 13,739
Accrued liabilities 16,310 21,390
Customer deposits 16,307 9,662
Operating lease liability, current 2,332 2,264
Current portion of long-term debt 6,222 1,556
Deferred revenue, current 9,861 10,457
Total current liabilities 58,264 59,068
Deferred revenue, net of current portion 3,193 3,553
Long-term debt 49,375 53,995
Warrant liabilities 2,504 5,373
Operating lease liability, noncurrent 9,865 10,479
Other long-term liabilities 1,528 1,377
TOTAL LIABILITIES 124,729 133,845
Commitments and contingencies (Note 6) 0 0
Stockholders’ equity:    
Preferred stock, par value of $0.01 per share; 10,000,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at March 31, 2020 and December 31, 2019; 147,396,985 and 147,191,695 shares issued and outstanding at March 31, 2020 and December 31, 2019 1,464 1,462
Additional paid-in capital 739,258 733,888
Accumulated deficit (546,708) (519,176)
TOTAL STOCKHOLDERS’ EQUITY 194,014 216,174
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 318,743 $ 350,019