Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 28,316 $ 20,523
Accounts receivable, net 26,726 16,262
Contract assets 31,041 11,748
Inventory 1,469 688
Income tax receivable 688 688
Prepaid insurance 2,240 2,819
Prepaid expenses and other current assets 5,687 2,488
Total current assets 96,167 55,216
Property, plant and equipment, net 12,761 19,384
Right-of-use assets 13,103  
Intangible assets, net 66,871 90,842
Goodwill 64,618 96,314
Equity method investments 3,269 0
Other non-current assets 909 0
Total assets 257,698 261,756
Current liabilities:    
Accounts payable 17,584 13,131
Notes payable to sellers 1,000 1,000
Short-term debt, including current portion of long-term debt 2,578 2,684
Short-term operating lease liabilities 3,214  
Short-term finance lease liabilities 299  
Accrued expenses 36,581 17,118
Deferred revenue 29,817 15,734
Other current liabilities 3,666 1,571
Total current liabilities 94,739 51,238
Long-term debt 74,745 74,867
Long-term operating lease liabilities 12,670  
Long-term finance lease liabilities 579  
Warrant liabilities 1,314 19,098
Deferred tax liabilities 3,255 8,601
Other non-current liabilities 506 730
Total liabilities 187,808 154,534
Commitments and contingencies (Note N)
Convertible preferred stock, $0.0001 par value, 88,000 shares authorized; 81,250 and none issued and outstanding as of December 31, 2022 and December 31, 2021, respectively. Liquidation preference of $162,500 and zero as of December 31, 2022 and December 31, 2021, respectively [1] 76,365 0
Shareholders’ Equity (Deficit):    
Preferred stock, $0.0001 par value, 99,912,000 shares authorized; none issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized; 64,280,631 and 62,690,869 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 6 6
Treasury stock (381) 0
Additional paid-in capital 198,126 183,024
Accumulated deficit (206,528) (75,911)
Accumulated other comprehensive income (loss) 2,076 103
Total shareholders’ equity (deficit) (6,701) 107,222
Noncontrolling interests 226 0
Total equity (deficit) (6,475) 107,222
Total liabilities, convertible preferred stock and equity (deficit) $ 257,698 $ 261,756
[1] Please refer to Note O for additional information.