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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 179,514 $ 226,783
Accounts receivable 22,089 16,817
Inventory 48,197 55,031
Deposits on purchased inventory 4,643 6,457
Deferred cost of revenue 6,273 3,466
Prepaid expenses and other current assets 5,568 3,310
Total current assets 266,284 311,864
Property and equipment, net 22,718 23,399
Restricted cash 1,860 1,404
Intangible assets, net 53 55
Right-of-use assets 10,621 11,720
Other assets 1,642 1,577
TOTAL ASSETS 303,178 350,019
Current liabilities:    
Accounts payable 4,852 13,739
Accrued liabilities 17,361 21,390
Customer deposits 16,047 9,662
Operating lease liability, current 2,347 2,264
Current portion of long-term debt 10,889 1,556
Deferred revenue, current 16,788 10,457
Total current liabilities 68,284 59,068
Deferred revenue, net of current portion 3,069 3,553
Long-term debt 44,756 53,995
Warrant liabilities 2,072 5,373
Operating lease liability, noncurrent 9,293 10,479
Other long-term liabilities 1,680 1,377
TOTAL LIABILITIES 129,154 133,845
Commitments and contingencies (Note 6) 0 0
Stockholders’ equity:    
Preferred stock, par value of $0.01 per share; 10,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued and outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at June 30, 2020 and December 31, 2019; 147,616,373 and 147,191,695 shares issued and outstanding at June 30, 2020 and December 31, 2019 1,466 1,462
Additional paid-in capital 745,418 733,888
Accumulated deficit (572,860) (519,176)
TOTAL STOCKHOLDERS’ EQUITY 174,024 216,174
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 303,178 $ 350,019