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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 43,574,000 $ 30,317,000
Accounts receivable—net 4,515,000 10,478,000
Inventory 43,666,000 63,045,000
Prepaid and other current assets 8,261,000 21,034,000
Total current assets 100,016,000 124,874,000
PROPERTY AND EQUIPMENT—net 853,000 1,254,000
GOODWILL—net   119,941,000
OTHER INTANGIBLES—net 54,757,000 64,955,000
OTHER NON-CURRENT ASSETS 813,000 2,546,000
TOTAL ASSETS 156,439,000 313,570,000
CURRENT LIABILITIES:    
Credit facility 21,053,000 32,845,000
Accounts payable 16,035,000 21,716,000
Seller notes 1,693,000 7,577,000
Contingent earn-out liability   3,983,000
Accrued and other current liabilities 14,254,000 17,621,000
Total current liabilities 53,035,000 83,742,000
OTHER LIABILITIES 1,452,000 360,000
CONTINGENT EARN-OUT LIABILITY   5,240,000
Total liabilities 54,487,000 89,342,000
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.0001 par value, 500,000,000 shares authorized and 55,090,237 and 80,752,290 shares outstanding at December 31, 2021 and December 31, 2022, respectively 8,000 5,000
Additional paid-in capital 728,339,000 653,650,000
Accumulated deficit (625,251,000) (428,959,000)
Accumulated other comprehensive income (1,144,000) (468,000)
Total stockholders’ equity 101,952,000 224,228,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 156,439,000 $ 313,570,000