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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 52,036 $ 58,192
Restricted cash 18,618 18,609
Accounts receivable, net 19,552 22,761
Inventories 3,084 2,928
Due from related parties 52 40
Prepaid expenses and other current assets 4,591 4,217
Total current assets 97,933 106,747
Property and equipment, net 47,103 56,072
Intangible assets, net 116,237 115,313
Goodwill 284,268 284,268
Other assets 3,195 6,907
Total assets 548,736 569,307
Current Liabilities:    
Accounts payable 14,755 13,604
Accrued expenses 37,679 36,084
Deferred revenue 1,732 2,649
Due to related party 47 47
Income taxes payable 2,800 739
Related-party long-term debt, current 735 657
Long-term debt, current 21,975 22,093
Forward share purchase liability 18,479 18,051
Other current liabilities 3,341 2,780
Total current liabilities 101,543 96,704
Related-party long-term debt, noncurrent 328 331
Long-term debt, noncurrent 101,808 98,417
Deferred tax liabilities 21,958 28,281
Warrant liabilities, noncurrent 156 252
Derivative liability, noncurrent 3,148 7,977
Other long-term liabilities 3,730 3,502
Total liabilities 232,671 235,464
Commitments and Contingencies (Note 18)
Stockholders’ Equity:    
Preferred stock, $0.0001 par value, 1,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.0001 par value, 300,000 shares authorized; 144,651 and 144,279 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 14 14
Additional paid-in capital 666,767 665,461
Accumulated deficit (360,654) (343,209)
Accumulated other comprehensive loss (5,179) (3,802)
Total UpHealth, Inc., stockholders’ equity 300,948 318,464
Noncontrolling interests 15,119 15,379
Total stockholders’ equity 316,067 333,843
Total liabilities and stockholders’ equity $ 548,738 $ 569,307