Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 9,797 $ 13,213
Accounts receivable, net 30,348 22,433
Non-trade receivable 1,630 2,269
Inventory 4,219 3,910
Prepaid expenses and other current assets 1,543 1,807
Total current assets 47,537 43,632
Property and equipment, net 80 168
Right-of-use assets 120 66
Contract fulfillment assets 7,884 6,848
Other assets 2,989 2,972
Total assets 58,610 53,686
Liabilities and stockholders’ equity    
Current portion of long-term debt 37 147
Accounts payable 23,256 21,126
Accrued expenses 10,614 10,692
Current portion of lease liability 120 66
Deferred revenue 11 31
Total current liabilities 34,038 32,062
Income tax payable 1,462 1,429
Accrued severance 150
Total liabilities 35,500 33,641
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 42,551,041 and 40,774,687 shares issued and outstanding at September 30, 2023, and December 31, 2022, respectively. 43 41
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at September 30, 2023, and December 31, 2022, respectively.
Additional paid-in capital 271,674 269,874
Accumulated deficit (248,607) (249,870)
Total stockholders’ equity 23,110 20,045
Total liabilities and stockholders’ equity $ 58,610 $ 53,686