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
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 9,720 $ 13,213
Accounts receivable, net 26,576 22,433
Non-trade receivable 1,008 2,269
Inventory 4,736 3,910
Prepaid expenses and other current assets 1,428 1,807
Total current assets 43,468 43,632
Property and equipment, net 83 168
Right-of-use assets 183 66
Contract fulfillment assets 7,028 6,848
Other assets 2,978 2,972
Total assets 53,740 53,686
Liabilities and stockholders’ equity    
Current portion of long-term debt 74 147
Accounts payable 20,913 21,126
Accrued expenses 9,475 10,692
Current portion of lease liability 183 66
Deferred revenue 31
Total current liabilities 30,645 32,062
Income tax payable 1,446 1,429
Accrued severance 150
Total liabilities 32,091 33,641
Commitments and contingencies (Note 9)
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 41,110,279 and 40,774,687 shares issued and outstanding at June 30, 2023, and December 31, 2022, respectively. 41 41
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at June 30, 2023, and December 31, 2022, respectively.
Additional paid-in capital 270,742 269,874
Accumulated deficit (249,134) (249,870)
Total stockholders’ equity 21,649 20,045
Total liabilities and stockholders’ equity $ 53,740 $ 53,686