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 $ 32,003 $ 49,081
Accounts receivable, net of reserves 28,208 23,112
Inventory 14,159 9,862
Prepaid expenses and other current assets 3,309 2,438
Total current assets 77,679 84,493
Intangible assets, net 27,197 12,552
Operating lease right-of-use asset, net 189 89
Other assets 95 150
Total assets 105,160 97,284
Current liabilities    
Accounts payable 36,570 22,812
Due to related party 413 641
Accrued expenses 19,388 22,733
Accrued interest 160  
Income taxes payable 35 8
Line of credit 2,948 812
Deferred cash payment (net of discount of $9) 4,991  
Installment payments - licenses, short-term 2,244 4,510
Operating lease liability, short-term 83 98
Total current liabilities 66,832 51,614
Term loan (net of debt discount of $180) 19,826  
Installment payments - licenses, long-term 1,412 3,627
Operating lease liability, long-term 108  
Total liabilities 88,178 55,241
Commitments and contingencies
Stockholders' equity    
Additional paid-in capital 85,482 80,915
Accumulated deficit (68,502) (38,874)
Total stockholders' equity 16,982 42,043
Total liabilities and stockholders' equity 105,160 97,284
Common Stock    
Stockholders' equity    
Common stock 1 1
Common Class A [Member]    
Stockholders' equity    
Common stock $ 1 $ 1