Balance Sheet

v3.24.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 24,494,000	$ 31,983,000
Short-term investments	6,621,000	48,214,000
Accounts receivable, net	9,583,000	9,185,000
Inventories	60,816,000	71,202,000
Contract assets	12,627,000	5,403,000
Prepaid expenses and other current assets	4,000,000	5,533,000
Total current assets	118,141,000	171,520,000
Property and equipment, net	16,326,000	19,812,000
Equipment on lease, net	6,667,000	9,070,000
Other assets	12,665,000	22,661,000
Total assets	153,799,000	223,063,000
Current liabilities:
Accounts payable	15,854,000	12,207,000
Accrued expenses and other current liabilities	6,491,000	15,877,000
Debt – current portion	21,191,000	2,775,000
Contract liabilities	5,135,000	15,194,000
Total current liabilities	48,671,000	46,053,000
Long-term debt – less current portion	11,941,000	5,422,000
Contingent earnout liabilities (Note 10)	1,456,000	17,414,000
Warrant liabilities (Note 10)	11,835,000	2,745,000
Other noncurrent liabilities	11,556,000	12,634,000
Total liabilities	85,459,000	84,268,000
Commitments and contingencies (Note 13)
Stockholders' equity (deficit):
Common Stock, Value, Issued	2,000	2,000
Additional paid-in capital	425,471,000	361,528,000
Accumulated other comprehensive loss	(96,000)	(837,000)
Accumulated deficit	(357,037,000)	(221,898,000)
Total stockholders’ equity	68,340,000	138,795,000
Total liabilities and stockholders’ equity	$ 153,799,000	$ 223,063,000

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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