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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 12,433 $ 12,290
Restricted cash 101 100
Accounts receivable, net of allowance for credit losses of $645 and $623 at March 31, 2023 and December 31, 2022, respectively 15,609 19,136
Accounts receivable, related party 26,230 22,683
Inventories, net 15,904 15,720
Other current assets 4,516 4,045
Current contract assets 7,066 7,113
Total current assets 81,859 81,087
Long-term contract assets 71,372 72,576
Property and equipment, net 4,807 4,826
Operating lease right-of-use assets 4,923 5,900
Deferred tax assets, net 410 404
Other long-term assets 17 17
Total assets 163,388 164,810
Current liabilities:    
Accounts payable 41,929 33,375
Accrued liabilities 9,870 8,984
Income taxes payable 11 97
Interest payable 0 130
Current portion of operating lease liabilities 3,050 3,328
Current portion of finance lease liabilities 36 36
Current portion of long-term debt 179 2,052
Convertible notes payable 0 19,799
Contract Consideration Convertible Notes Payable 43,800 83,570
Total current liabilities 98,875 151,371
Deferred revenue, long-term 35 44
Long-term operating lease liabilities 7,133 8,044
Long-term finance lease liabilities 13 19
Long-term debt 194 2,736
TOTAL LIABILITIES 106,250 162,214
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, 240,000,000 shares authorized; 94,613,664 shares issued and 88,170,936 shares outstanding at March 31, 2023 ; 83,915,918 shares issued and 77,788,391 shares outstanding at December 31, 2022 9 8
Additional paid-in capital 421,596 388,177
Accumulated other comprehensive income 160 181
Accumulated deficit (330,176) (351,519)
Treasury stock, at cost; 6,442,728 and 6,127,527 shares at March 31, 2023 and December 31, 2022 , respectively (34,451) (34,251)
Total stockholders’ equity 57,138 2,596
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 163,388 $ 164,810