Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 91,339 $ 57,263
Accounts receivable, net 18,025 10,231
Inventory 12,496 14,431
Prepaid expenses and other current assets 4,734 7,110
Assets held for sale 0 1,165
Total current assets 126,903 90,371
Property, plant and equipment, net 2,796 3,260
Operating lease right-of-use asset, net 13,303 13,861
Restricted cash 1,220 1,552
Intangible assets, net 30,798 31,863
Other assets 3,051 3,316
Total assets 178,071 144,223
Current liabilities    
Accounts payable and accrued expenses 66,286 65,501
Income taxes payable 952 932
Common stock warrant liabilities 261 214
Operating lease liabilities, short-term 2,159 2,623
Partner company notes payable, short-term 1,875 0
Partner company installment payments - licenses, short-term 0 625
Other current liabilities 2,141 1,504
Total current liabilities 73,674 71,399
Notes payable, long-term, net 56,382 57,962
Operating lease liabilities, long-term 13,820 14,750
Other long-term liabilities 1,709 1,756
Total liabilities 145,585 145,867
Commitments and contingencies (Note 14)
Stockholders' equity (deficit)    
Cumulative redeemable perpetual preferred stock, $0.001 par value, 15,000,000 authorized, 5,000,000 designated Series A shares, 3,427,138 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively, liquidation value of $25.00 per share 3 3
Common stock, $0.001 par value, 200,000,000 shares authorized, 29,554,966 and 27,908,839 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 30 28
Additional paid-in-capital 773,668 763,573
Accumulated deficit (751,451) (740,867)
Total stockholders' equity attributed to the Company 22,250 22,737
Non-controlling interests 10,236 (24,381)
Total stockholders' equity (deficit) 32,486 (1,644)
Total liabilities and stockholders' equity (deficit) 178,071 144,223
Related party    
Current assets    
Other receivables $ 309 $ 171