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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 81,293 $ 135,960
Accounts receivable, net of allowance of $736 and $304, respectively 47,527 41,383
Inventory, net of allowance of $1,522 and $1,522, respectively 42,192 31,303
Deposits on purchased inventory 8,742 7,484
Deferred cost of revenue 7,953 6,715
Prepaid expenses and other current assets 5,860 5,509
Total current assets 193,567 228,354
Property and equipment, net 19,039 19,641
Restricted cash 4,241 6,535
Intangible assets, net 37 38
Right-of-use assets 5,401 5,945
Other assets 10,874 10,884
TOTAL ASSETS 233,159 271,397
Current liabilities:    
Accounts payable 25,216 28,300
Accrued liabilities 20,759 24,682
Customer deposits 16,150 16,006
Operating lease liability, current 2,931 2,860
Current portion of credit revolver 4,278 0
Current portion of long-term debt 73,483 0
Deferred revenue, current 23,949 24,734
Total current liabilities 166,766 96,582
Deferred revenue, net of current portion 2,395 3,069
Long-term debt 0 73,339
Credit revolver 0 5,000
Warrant liabilities 2,234 4,178
Operating lease liability, noncurrent 4,441 5,205
Other long-term liabilities 2,066 1,782
TOTAL LIABILITIES 177,902 189,155
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value of $0.01 per share; 10,000,000 shares authorized at March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 0 0
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at March 31, 2023 and December 31, 2022; 183,384,069 and 181,586,944 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 1,824 1,806
Additional paid-in capital 926,754 924,898
Accumulated deficit (873,321) (844,462)
TOTAL STOCKHOLDERS’ EQUITY 55,257 82,242
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 233,159 $ 271,397