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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 73,317 $ 81,878
Short term investments 5,922 3,954
Accounts receivable 1,496 2,332
Other current assets 16,053 3,056
Total current assets 96,788 91,220
Network under construction 1,693 1,676
Property and equipment, net of accumulated depreciation of $10,722 and $9,724 at March 31, 2024 and December 31, 2023, respectively 18,890 19,885
Operating lease right-of-use assets 18,744 19,267
Goodwill 17,581 17,977
Intangible assets 10,362 10,625
Other assets 1,572 1,508
Total assets 165,630 162,158
Current liabilities:    
Accounts payable 1,269 391
Accrued expenses and other current liabilities 20,161 6,592
Operating lease current liabilities 2,423 2,523
Deferred revenue 287 297
Total current liabilities 24,140 9,803
Warrants 17,761 7,053
Operating lease noncurrent liabilities 14,974 15,145
Other long-term liabilities 1,596 1,614
Long term debt, net of debt issuance cost and discount 49,890 48,447
Total liabilities 108,361 82,062
Stockholders’ equity:    
Common stock, authorized 500,000,000 shares; 112,712,136 and 111,261,434 shares issued and 112,582,924 and 111,132,222 shares outstanding at March 31, 2024 and December 31, 2023, respectively 12 12
Additional paid-in capital 846,721 837,416
Accumulated other comprehensive income 1,676 2,198
Accumulated deficit (791,837) (760,227)
Common stock in treasury, at cost; 129,212 shares at each of March 31, 2024 and December 31, 2023 (665) (665)
Total stockholders’ equity 55,907 78,734
Non-controlling interests 1,362 1,362
Total liabilities and stockholders’ equity $ 165,630 $ 162,158