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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 80,263,000 $ 100,575,000
Restricted cash 664,000 663,000
Accounts receivable, net of allowance for doubtful accounts of $1,642 and $1,527 at March 31, 2020 and December 31, 2019, respectively 13,297,000 15,638,000
Inventories, net 16,322,000 23,210,000
Income taxes receivable 6,635,000 631,000
Other current assets 9,005,000 13,191,000
Total current assets 126,186,000 153,908,000
Property and equipment, net 7,946,000 39,829,000
Operating lease right-of-use assets 2,473,000 16,388,000
Deferred tax assets, net 169,000 152,000
Other intangible assets, net 0 20,323,000
TOTAL ASSETS 136,774,000 230,600,000
Current liabilities:    
Accounts payable 8,556,000 16,231,000
Accrued liabilities 8,320,000 24,552,000
Income taxes payable 72,000 0
Current portion of operating lease liabilities 1,167,000 486,000
Current portion of finance lease liabilities 56,000 55,000
Total current liabilities 18,171,000 41,324,000
Long-term operating lease liabilities 9,754,000 16,973,000
Long-term finance lease liabilities 144,000 158,000
Deferred tax liabilities, net 0 116,000
Total liabilities 28,069,000 58,571,000
Commitments and contingencies “See Note 16”
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value, 80,000,000 shares authorized; 64,338,087 shares issued and 59,942,270 shares outstanding at March 31, 2020; 63,656,897 shares issued and 59,511,416 shares outstanding at December 31, 2019 6,000 6,000
Additional paid-in capital 348,375,000 347,564,000
Accumulated other comprehensive loss (1,089,000) (966,000)
Retained earnings (accumulated deficit) (205,058,000) (141,091,000)
Treasury stock, at cost; 4,395,817 and 4,145,481 shares at March 31, 2020 and December 31, 2019, respectively (33,529,000) (33,484,000)
Total stockholders’ equity 108,705,000 172,029,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 136,774,000 $ 230,600,000