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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (includes restricted cash of $0 and $875 as of September 30, 2022 and December 31, 2021) $ 61,425 $ 115,174
Marketable securities 29,154 0
Accounts receivable 34,820 20,007
Other receivables 559 1,237
Inventories, net 10,018 6,438
Prepaid expenses 7,655 11,200
Total current assets 143,631 154,056
Non-current investments 58,215 0
Property and equipment, net 7,006 4,192
Operating right of use assets 24,808 0
Intangible assets, net 18,665 18,245
Goodwill 31,016 26,626
Other assets 461 320
Total assets 283,802 203,439
Current liabilities:    
Current portion of operating lease liabilities 5,163 0
Current portion of long-term debt 0 183
Accounts payable 11,155 15,559
Income taxes payable 387 132
Accrued expenses and other current liabilities 16,147 13,924
Total current liabilities 32,852 29,798
Operating lease liabilities 21,828 0
Derivative warrant liabilities 1,748 2,193
Derivative earnout liabilities 6,197 60,018
Conversion option derivative liabilities 12,650 0
Long-term debt, net of unamortized debt issuance costs 79,069 0
Other non-current liabilities 970 6,900
Deferred income taxes liability 554 371
Total liabilities 155,868 99,280
Commitments and contingencies (Note 15) 0 0
Stockholders’ equity:    
TOI Common shares, $0.0001 par value, authorized 500,000,000 shares; 72,341,687 and 73,249,042 shares issued and outstanding at September 30, 2022 and December 31, 2021 7 7
TOI Convertible Series A Common Equivalent Preferred Shares, $0.0001 par value, authorized 10,000,000 shares; 165,045 shares and 163,510 issued and outstanding at September 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 180,002 167,386
Accumulated deficit (52,075) (63,234)
Total stockholders’ equity 127,934 104,159
Total liabilities, cumulative preferred shares and stockholders’ equity $ 283,802 $ 203,439