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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 67,905 $ 81,878
Short term investments 18,865 3,954
Accounts receivable 2,235 2,332
Other current assets 15,393 3,056
Total current assets 104,398 91,220
Network under construction 1,678 1,676
Property and equipment, net of accumulated depreciation of $12,713 and $9,724 at September 30, 2024 and December 31, 2023, respectively 17,261 19,885
Operating lease right-of-use assets 18,640 19,267
Goodwill 18,185 17,977
Intangible assets 10,179 10,625
Other assets 1,331 1,508
Total assets 171,672 162,158
Current liabilities:    
Accounts payable 918 391
Accrued expenses and other current liabilities 17,059 6,592
Operating lease current liabilities 2,542 2,523
Deferred revenue 303 297
Total current liabilities 20,822 9,803
Warrants 15,053 7,053
Operating lease noncurrent liabilities 15,377 15,145
Other long-term liabilities 1,875 1,614
Long term debt, net of debt issuance cost and discount 52,974 48,447
Total liabilities 106,101 82,062
Stockholders’ equity:    
Common stock, authorized 500,000,000 shares; 127,677,549 and 111,261,434 shares issued and 127,545,321 and 111,132,222 shares outstanding at September 30, 2024 and December 31, 2023, respectively 14 12
Additional paid-in capital 893,584 837,416
Accumulated other comprehensive income 2,502 2,198
Accumulated deficit (829,836) (760,227)
Common stock in treasury, at cost; 132,228 and 129,212 shares at September 30, 2024 and December 31, 2023, respectively (693) (665)
Total stockholders’ equity 65,571 78,734
Non-controlling interests 1,362
Total liabilities and stockholders’ equity $ 171,672 $ 162,158