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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 39,739 $ 49,669
Accounts receivable, net 49,320 48,335
Other receivables 346 346
Inventories 12,308 10,039
Prepaid expenses and other current assets 5,107 4,029
Total current assets 106,820 112,418
Property and equipment, net 11,116 11,888
Operating right of use assets 24,209 25,782
Intangible assets, net 14,036 14,810
Goodwill 7,230 7,230
Other assets 591 589
Total assets 164,002 172,717
Current liabilities:    
Accounts payable 29,291 24,324
Current portion of operating lease liabilities 6,816 6,798
Accrued expenses and other current liabilities 23,434 21,093
Total current liabilities 59,541 52,215
Operating lease liabilities 21,596 23,223
Derivative warrant liabilities 59 17
Conversion option derivative liabilities 3,694 385
Long-term debt, net of unamortized debt issuance costs 73,894 93,131
Other non-current liabilities 117 125
Deferred income taxes liability 32 32
Total liabilities 158,933 169,128
Commitments and contingencies (Note 15) 0 0
Stockholders’ equity:    
Common Stock, $0.0001 par value, authorized 500,000,000 shares; 90,661,800 shares issued and 88,928,026 shares outstanding at March 31, 2025 and 77,470,886 shares issued and 75,737,112 shares outstanding at December 31, 2024 9 8
Series A Convertible Preferred Stock, $0.0001 par value, authorized 10,000,000 shares; 202,278 shares issued and outstanding at March 31, 2025 and 165,045 shares issued and outstanding at December 31, 2024 0 0
Additional paid-in capital 236,477 215,413
Treasury Stock at cost, 1,733,774 shares at March 31, 2025 and December 31, 2024 (1,019) (1,019)
Accumulated deficit (230,398) (210,813)
Total stockholders’ equity 5,069 3,589
Total liabilities and stockholders’ equity $ 164,002 $ 172,717
Preferred stock, shares outstanding (in shares) 202,278 165,045
Preferred stock, shares issued (in shares) 202,278 165,045