XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,818 $ 3,921
Accounts receivable, net 29,716 34,597
Inventory 3,486 4,214
Prepaid expenses and other 2,725 4,049
Total current assets: 37,745 46,781
Property and equipment, net 718 722
Operating lease right-of-use asset 2,763 2,943
Intangibles, net 35,458 36,485
Goodwill 13,481 13,481
Other long term assets 1,075 897
Total assets 91,240 101,309
Current liabilities:    
Accounts payable 42,219 40,954
Accrued payroll 3,727 2,681
Accrued rebates and fees 104,088 89,658
Accrued expenses 8,564 7,408
Current portion of deferred consideration 480 491
Debt, current 92,923 108,429
Current portion of operating lease liabilities 731 759
Total current liabilities: 252,732 250,380
Long-term portion of deferred consideration 2,780 2,895
Debt, net of issuance costs 16,323 17,038
Derivative liabilities 6,941 1,518
Operating lease liabilities 2,068 2,237
Other long-term liabilities 182 179
Total liabilities 281,026 274,247
Commitments and contingencies (See Note 11)
Stockholders' deficit:    
Preferred stock, $0.0001 par value, 45,000,000 shares authorized; 29,057,097 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value, 740,000,000 shares authorized; 166,189,835 shares issued and 106,121,250 shares outstanding as of March 31, 2024; 160,084,250 shares issued and 100,015,665 shares outstanding as of December 31, 2023 17 16
Additional paid-in capital 415,341 407,813
Accumulated deficit (514,622) (490,245)
Treasury stock, at cost; 60,068,585 shares as of each of March 31, 2024 and December 31, 2023 (90,522) (90,522)
Total stockholders' deficit (189,786) (172,938)
Total liabilities and stockholders' deficit $ 91,240 $ 101,309