v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 5,032 $ 6,199
Restricted cash 403 22
Trade accounts receivable, net of allowance for credit losses and doubtful accounts of $1,705 and $1,437, respectively 23,476 20,660
Inventories 38,812 38,634
Prepaid and other current assets 1,421 1,601
Total current assets 69,144 67,116
Property and equipment, net 10,726 10,131
Right-of-use asset, net 736 829
Goodwill 7,302 7,302
Intangible assets, net 7,924 8,356
Other assets 1 103
Total Assets 95,833 93,837
Current Liabilities:    
Accounts payable 7,121 7,918
Accrued liabilities 10,492 7,771
Current portion of lease liability 646 703
Current portion of finance lease obligations 61 69
Line of credit 11,261 12,120
Total current liabilities 29,581 28,581
Long-term Liabilities:    
Lease liability, less current portion 121 166
Finance lease obligation, less current portion 39 47
Long-term debt, plus premium and less issuance costs 22,167 22,038
Other liabilities 48 42
Total Liabilities 51,956 50,874
Commitments and Contingencies (note 11)
Stockholders’ Equity:    
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.000001 par value; 300,000,000 shares authorized; 139,082,174 shares issued and outstanding as of March 31, 2025 and 139,045,664 shares issued and outstanding as of December 31, 2024
Additional paid-in capital 303,487 302,738
Accumulated other comprehensive loss (209) (316)
Accumulated deficit (259,401) (259,459)
Total Stockholders’ Equity 43,877 42,963
Total Liabilities & Stockholders’ Equity $ 95,833 $ 93,837