Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 27,137 $ 34,645
Accounts receivable, net 52,413 44,538
Inventories, net 8,215 10,051
Prepaid expenses and other current assets 14,222 13,986
Total current assets 101,987 103,220
Noncurrent assets:    
Restricted cash 300 362
Property and equipment, net 10,956 11,899
Intangible assets, net 167,587 192,504
Goodwill 294,974 369,706
Operating lease right-of-use assets 9,367 10,019
Other non-current assets 1,813 971
Total assets 586,984 688,681
Current liabilities:    
Accounts payable 23,983 17,835
Accrued liabilities 23,421 16,000
Current portion of operating lease liabilities 1,446 1,811
Deferred revenue 9,044 7,817
Current portion of long-term debt and other borrowings, net 2,411 5,345
Total current liabilities 74,499 48,841
Noncurrent liabilities:    
Operating lease liabilities 9,446 9,275
Long-term debt and other borrowings, net 296,109 413,910
Deferred income tax liabilities, net 13,795 25,193
Other liabilities 14,568 10,790
Total liabilities 550,011 508,009
Commitments and Contingencies
Stockholders’ equity:    
Common stock, voting; par value $0.0001 per share; $315,000,000 shares authorized; $87,382,647 shares issued and $82,382,647 outstanding as of December 31, 2023, and $76,292,241 shares issued and outstanding as of December 31, 2022 8 8
Additional paid in capital 461,069 435,292
Accumulated other comprehensive loss (6,070) (6,390)
Accumulated deficit (415,280) (248,238)
Treasury stock, at cost, $5,000,000 shares (2,754) 0
Total stockholders’ equity 36,973 180,672
Total liabilities and stockholders’ equity 586,984 688,681
Affiliate    
Current liabilities:    
Accrued interest due to affiliate 2,530 0
Warrant liabilities to affiliates 11,664 33
Noncurrent liabilities:    
Mandatorily redeemable preferred stock due to affiliate, net $ 141,594 $ 0