v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,031 $ 20,523
Accounts receivable, net 16,521 16,262
Contract assets 16,319 11,748
Inventory 2,029 688
Income tax receivable 688 688
Prepaid insurance 3,046 2,819
Prepaid expenses and other current assets 3,725 2,488
Total current assets 49,359 55,216
Property, plant and equipment, net 6,697 19,384
Right-of-use assets 14,783 0
Intangible assets, net 56,207 90,842
Goodwill 56,710 96,314
Other non-current assets 616 0
Total assets 184,372 261,756
Current liabilities:    
Accounts payable 17,595 13,131
Notes payable to sellers 1,000 1,000
Short-term debt, including current portion of long-term debt 3,476 2,684
Short-term lease liabilities 3,484 0
Accrued expenses 18,909 17,118
Deferred revenue 17,373 15,734
Other current liabilities 1,786 1,571
Total current liabilities 63,623 51,238
Long-term debt 89,512 74,867
Long-term lease liabilities 11,379 0
Warrant liabilities 3,093 19,098
Deferred tax liabilities 1,637 8,601
Other non-current liabilities 325 730
Total liabilities 169,569 154,534
Commitments and contingencies (Note M)
Shareholders’ Equity:    
Preferred stock, $0.0001 par value, 100,000,000 shares authorized; none issued and outstanding as of September 30, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized; 63,852,690 and 62,690,869 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 6 6
Additional paid-in capital 196,012 183,024
Accumulated deficit (180,655) (75,911)
Accumulated other comprehensive income (loss) (560) 103
Shareholders’ equity 14,803 107,222
Total liabilities and shareholders’ equity $ 184,372 $ 261,756

Source