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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 135,960 $ 218,348
Accounts receivable, net 41,383 21,659
Inventory, net of allowance of $1,522 and $3,071, respectively 31,303 29,617
Deposits on purchased inventory 7,484 4,778
Deferred cost of revenue 6,715 3,342
Prepaid expenses and other current assets 5,509 5,803
Total current assets 228,354 283,547
Property and equipment, net 19,641 20,242
Restricted cash 6,535 1,460
Intangible assets, net 38 44
Right-of-use assets 5,945 9,661
Other assets 10,884 6,853
TOTAL ASSETS 271,397 321,807
Current liabilities:    
Accounts payable 28,300 9,199
Accrued liabilities 24,682 26,555
Customer deposits 16,006 20,784
Operating lease liability, current 2,860 2,561
Current portion of long-term debt 0 3,222
Deferred revenue, current portion 24,734 13,920
Total current liabilities 96,582 76,241
Deferred revenue, net of current portion 3,069 4,232
Long-term debt 73,339 54,031
Credit revolver 5,000 0
Warrant liability 4,178 6,795
Operating lease liability, noncurrent 5,205 8,066
Other long-term liabilities 1,782 2,647
TOTAL LIABILITIES 189,155 152,012
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized at December 31, 2022 and 2021; no shares issued and outstanding at December 31, 2022 and 2021 0 0
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at December 31, 2022 and 2021; 181,586,944 and 179,206,456 shares issued and outstanding at December 31, 2022 and 2021 1,806 1,782
Additional paid-in capital 924,898 905,145
Accumulated deficit (844,462) (737,132)
TOTAL STOCKHOLDERS’ EQUITY 82,242 169,795
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 271,397 $ 321,807