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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 86,382 $ 37,655
Accounts receivable, net of allowance for doubtful accounts of $1,954 and $1,026 17,142 22,767
Inventory, net 29,057 28,660
Prepaid expenses and other current assets 3,841 6,757
Total current assets 136,422 95,839
Long-term assets:    
Property and equipment, net of accumulated depreciation 16,085 16,418
Goodwill 465 465
Intangible assets, net of accumulated amortization 3,480 3,441
Other non-current assets 360 368
Total assets 156,812 116,531
Current liabilities:    
Accounts payable 8,293 10,366
Accrued liabilities 10,517 10,677
Other liabilities, short term 1,742 2,199
Total current liabilities 20,552 23,242
Long-term liabilities:    
Note payable, Madryn, net of debt discount and issuance costs 48,939 48,142
Madryn put option 3,509 3,072
Other liabilities, long term 2,026 2,461
Total liabilities 75,026 76,917
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common shares - zero par value, unlimited amount authorized; 23,762,787 and 21,057,040 shares issued at June 30, 2020 and December 31, 2019, respectively; 23,354,717 and 20,648,970 shares outstanding at June 30, 2020 and December 31, 2019, respectively 211,932 147,688
Additional paid-in-capital 24,338 21,214
Treasury shares, at cost, 408,070 shares held at June 30, 2020 and December 31, 2019 (2,854) (2,854)
Accumulated deficit (155,355) (127,125)
Accumulated other comprehensive income 3,725 691
Total shareholders’ equity 81,786 39,614
Total liabilities and shareholders’ equity $ 156,812 $ 116,531