v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 19,408 $ 27,137
Accounts receivable, net 43,980 52,413
Inventories, net 6,653 8,215
Prepaid expenses and other current assets 9,922 14,222
Total current assets 79,963 101,987
Noncurrent assets:    
Restricted cash 293 300
Property and equipment, net 9,052 10,956
Intangible assets, net 125,057 167,587
Goodwill 228,844 294,974
Operating lease right-of-use assets 8,412 9,367
Other non-current assets 4,212 1,813
Total assets 455,833 586,984
Current liabilities:    
Accounts payable 14,827 23,983
Accrued liabilities 31,849 23,421
Current portion of operating lease liabilities 1,431 1,446
Deferred revenue 8,509 9,044
Current portion of long-term debt and other borrowings, net 1,850 2,411
Warrant liabilities to affiliates 7,624 11,664
Total current liabilities 66,090 71,969
Noncurrent liabilities:    
Operating lease liabilities 8,278 9,446
Long-term debt and other borrowings, net 295,661 296,109
Deferred income tax liabilities, net 4,131 13,795
Accrued interest due to affiliate 23,798 2,530
Mandatorily redeemable preferred stock due to affiliate, net 142,776 141,594
Other liabilities 14,699 14,568
Total liabilities 555,433 550,011
Commitments and Contingencies
Stockholders’ (deficit) equity:    
Common stock, voting; par value $0.0001 per share; $315,000,000 shares authorized; $18,201,093 shares issued and $17,008,356 outstanding as of December 31, 2024, and 17,476,530 shares issued and 16,476,530 outstanding as of December 31, 2023 8 8
Additional paid in capital 468,711 461,069
Accumulated other comprehensive loss (3,778) (6,070)
Accumulated deficit (561,356) (415,280)
Treasury stock, at cost, 1,192,737 shares as of December 31, 2024, and 1,000,000 shares as of December 31, 2023 (3,185) (2,754)
Total stockholders’ (deficit) equity (99,600) 36,973
Total liabilities and stockholders’ (deficit) equity $ 455,833 $ 586,984

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