Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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