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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 27,782 $ 24,296
Restricted cash 3,760 3,604
Accounts receivable, net of allowances of $8,012 and $4,308 as of June 30, 2023 and December 31, 2022, respectively; (from related parties $2,000 and $2,325 as of June 30, 2023 and December 31, 2022, respectively) 78,196 89,894
Income tax receivable 555 555
Inventories, net 113,215 120,560
Prepaid expenses and other current assets 18,616 16,364
Total current assets 242,124 255,273
Property, plant and equipment, net 13,816 13,844
Right-of-use assets, net 25,005 13,282
Intangible assets, net 4,787 5,660
Goodwill 29,835 29,835
Other noncurrent assets 2,020 2,019
TOTAL ASSETS 317,587 319,913
Current liabilities:    
Accounts payable (to related parties $24,400 and $23,358 as of June 30, 2023 and December 31, 2022, respectively) 71,697 76,430
Current maturities of long-term debt 134 130
Revolving line of credit 110,000 130,000
Finance lease liability, current 85 90
Operating lease liability, current 2,753 2,894
Other short-term financing (from related parties $79,820 and $75,020 as of June 30, 2023 and December 31, 2022, respectively) 79,820 75,614
Other accrued liabilities (to related parties $6,587 and $5,232 as of June 30, 2023 and December 31, 2022, respectively) 33,369 34,109
Total current liabilities 297,858 319,267
Deferred income taxes 1,365 1,278
Long-term debt, net of current maturities (from related parties $4,800 as of December 31, 2022, respectively) 160 5,029
Finance lease liability, long-term 136 170
Operating lease liability, long-term 23,316 10,971
Noncurrent contract liabilities 2,836 3,199
Other noncurrent liabilities 12,041 10,371
TOTAL LIABILITIES 337,712 350,285
STOCKHOLDERS’ DEFICIT    
Preferred stock – $0.001 par value. Shares authorized: 5,000. No shares issued and outstanding at all dates. 0 0
Common stock – $0.001 par value; 50,000 shares authorized; 23,117 shares issued; 22,953 and 22,951 shares outstanding at June 30, 2023 and December 31, 2022, respectively 23 23
Additional paid-in capital 157,831 157,673
Accumulated deficit (176,955) (187,096)
Treasury stock, at cost, 164 and 166 shares at June 30, 2023 and December 31, 2022, respectively (1,024) (972)
TOTAL STOCKHOLDERS’ DEFICIT (20,125) (30,372)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 317,587 $ 319,913