v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 18,607 $ 27,137
Accounts receivable, net 45,812 52,413
Inventories, net 7,554 8,215
Prepaid expenses and other current assets 11,501 14,222
Total current assets 83,474 101,987
Noncurrent assets:    
Restricted cash 302 300
Property and equipment, net 9,513 10,956
Intangible assets, net 138,738 167,587
Goodwill 228,841 294,974
Operating lease right-of-use assets 8,874 9,367
Other non-current assets 4,173 1,813
Total assets 473,915 586,984
Current liabilities:    
Accounts payable 22,685 23,983
Accrued liabilities 25,287 23,421
Current portion of operating lease liabilities 1,521 1,446
Deferred revenue 7,794 9,044
Current portion of long-term debt and other borrowings, net 1,850 2,411
Warrant liabilities to affiliates 5,315 11,664
Total current liabilities 64,452 71,969
Noncurrent liabilities:    
Operating lease liabilities 8,721 9,446
Long-term debt and other borrowings, net 295,761 296,109
Deferred income tax liabilities, net 6,299 13,795
Accrued interest due to affiliate 18,193 2,530
Mandatorily redeemable preferred stock due to affiliate, net 142,491 141,594
Other liabilities 15,235 14,568
Total liabilities 551,152 550,011
Commitments and Contingencies
Stockholders’ (deficit) equity:    
Common stock, voting, par value $0.0001 per share; 315,000,000 shares authorized; 18,112,169 shares issued and 16,919,432 outstanding as of September 30, 2024, and 17,476,530 shares issued and 16,476,530 outstanding as of December 31, 2023 8 8
Additional paid-in capital 467,480 461,069
Accumulated other comprehensive loss (5,632) (6,070)
Accumulated deficit (535,908) (415,280)
Treasury stock, at cost, 1,192,737 shares as of September 30, 2024, and 1,000,000 shares as of December 31, 2023 (3,185) (2,754)
Total stockholders’ (deficit) equity (77,237) 36,973
Total liabilities and stockholders’ (deficit) equity $ 473,915 $ 586,984

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