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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 26,111 $ 30,312
Accounts receivable, net 14,756 16,890
Inventories 50,633 75,354
Prepaid expenses and other current assets 3,712 5,510
Total current assets 95,212 128,066
Property, plant and equipment, net 37,545 47,360
Operating lease right-of-use assets 42,869 54,494
Intangible assets, net 249,002 275,881
Other assets 1,476 1,842
Total assets 426,104 507,643
Current liabilities:    
Accounts payable 12,279 12,613
Accrued expenses and other current liabilities 10,647 9,529
Deferred revenue 2,611 3,231
Current portion of operating lease liabilities 7,731 8,336
Current portion of finance lease liabilities 459 954
Current portion of long-term debt 1,260 2,989
Total current liabilities 34,987 37,652
Long-term operating lease liabilities 37,553 47,506
Long-term finance lease liabilities 7,830 8,734
Long-term debt 114,693 115,412
Deferred tax liabilities 3,047 3,232
Other long-term liabilities 4,272 4,497
Total liabilities 202,382 217,033
Commitments and contingencies (Note 14)
Stockholders’ equity    
Common stock ($0.0001 par value; 300,000,000 shares authorized; 4,614,279 and 4,578,841 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively, giving retroactive effect to the 1-10 reverse split effected on February 12, 2025) 0 0
Additional paid-in capital 790,094 787,851
Accumulated other comprehensive loss (8,911) (6,497)
Accumulated deficit (557,461) (490,744)
Total stockholders’ equity 223,722 290,610
Total liabilities and stockholders’ equity $ 426,104 $ 507,643