XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 55,011 $ 21,929
Accounts receivable 51,020 54,826
Net investment in leases 13,781 16,130
Inventories 20,014 23,124
Income taxes receivable 731  
Prepaid expenses and other current assets 4,876 3,754
Total current assets 145,433 119,763
Non-current assets    
Property and equipment, net 5,655 6,077
Right of use operating lease assets 20,633 21,322
Intangible assets, net 49,465 50,375
Goodwill 31,063 31,063
Accounts receivable, non-current 19,983 23,061
Other non-current assets 3,269 3,335
Total non-current assets 130,068 135,233
Total assets 275,501 254,996
Current liabilities    
Accounts payable 9,590 9,984
Note payable 2,968 2,968
Earn-out, current 13,710 13,050
Accrued payroll and related taxes 11,464 17,100
Accrued expenses 6,601 9,240
Income taxes payable   2,336
Operating lease liabilities 2,509 2,500
Other current liabilities 4,562 7,152
Total current liabilities 51,404 64,330
Non-current liabilities    
Revolving line of credit, non-current 24,929 24,916
Note payable, non-current 20,237 20,979
Accrued warranty reserve, non-current 2,084 2,207
Income taxes payable, non-current 446 298
Operating lease liabilities, non-current 20,239 20,866
Total non-current liabilities 67,935 69,266
Total liabilities 119,339 133,596
Commitments and Contingencies (see Note 10)
Stockholders' equity:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued and outstanding as of March 31, 2023 and December 31, 2022
Common stock, $0.001 par value, 300,000,000 shares authorized; 23,235,065 shares issued and outstanding as of March 31, 2023; 20,252,677 shares issued and outstanding as of December 31, 2022 23 20
Additional paid-in capital 167,646 131,001
Accumulated deficit (11,507) (9,621)
Total stockholders' equity 156,162 121,400
Total liabilities and stockholders' equity $ 275,501 $ 254,996