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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,442 $ 69,860
Restricted cash 31 10
Available-for-sale securities, current portion 43,260 0
Accounts receivable, trade, net of allowance for doubtful accounts of $739 and $275 as of December 31, 2022 and December 31, 2021, respectively 33,936 23,217
Inventories 34,904 28,345
Prepaid expenses and other current assets 6,879 4,656
Total current assets 138,452 126,088
Assets held for rent, net 9,064 9,809
Property and equipment, net 23,638 17,657
Operating lease right-of-use assets, net 15,292 18,705
Financing lease right-of-use assets, net 272 440
Long-term deposits and other assets 281 325
Available-for-sale securities, long term 1,332 0
Equity Investments 5,069 4,372
Total intangible assets, net 32,088 152,149
Goodwill 224,741 224,741
Total assets 450,229 554,286
Current liabilities:    
Accounts payable 15,367 14,945
Accrued expenses and other current liabilities 9,782 6,870 [1]
Sales taxes payable 4,151 2,591
Warranty liability 8,312 9,398
Lease liabilities, operating, current portion 2,860 2,758
Lease liabilities, financing, current portion 158 149
Debt, current portion 1,814 862
Contingent consideration, current portion 2,138 5,127
Total current liabilities 44,582 42,700
Contingent consideration, long-term 2,318 4,900
Lease liabilities, operating, long-term 14,962 16,466
Lease liabilities, financing, long-term 126 291
Debt, long-term 23,793 6,353
Deferred tax liabilities 250 5,487
Other long-term liabilities 10 42
Total liabilities 86,041 76,239
Commitments and Contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.001 par value; 1,000,000 shares authorized, Series A, 4,250 shares designated, and 0 shares issued and outstanding as of December 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 42,832,231 and 41,817,503 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 43 42
Additional paid-in capital 611,739 585,397
Accumulated other comprehensive loss, net of taxes (679) (282)
Accumulated deficit (246,915) (107,110) [2]
Total shareholders’ equity 364,188 478,047
Total liabilities and shareholders’ equity $ 450,229 $ 554,286
[1] In the prior year Consolidated Balance Sheet as of the year ended December 31, 2021, accrued sales taxes in the amount of $272,000 were recorded within the Accrued expenses and other current liabilities line item on the consolidated balance sheets. These were reclassified to Sales tax payable in the current year.
[2] The impact of the error on Accumulated deficit in our Consolidated Balance Sheet as of the year ended December 31, 2019 was negative $133,000, adjusting the ending balance to be $100.2 million when previously reported as $100.1 million.