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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 17,165 $ 12,570
Accounts receivable, net of allowance for doubtful accounts of $812 at September 30, 2016 and $601 at December 31, 2015 27,497 35,263
Short-term investments 0 1,267
Inventories 39,970 55,837
Prepaid expenses and other 12,390 6,039
Total current assets 97,022 110,976
Property, plant and equipment, net of accumulated depreciation of $65,154 at September 30, 2016 and $62,832 at December 31, 2015 7,820 8,812
Rental assets, net of accumulated depreciation of $2,057 at September 30, 2016 and $1,034 at December 31, 2015 6,582 6,155
Intangible assets, net of accumulated amortization of $22,802 at September 30, 2016 and $17,380 at December 31, 2015 41,007 43,089
Goodwill 33,117 29,520
Other assets 36 201
Total assets 185,584 198,753
Current liabilities:    
Accounts payable 32,397 35,286
Accrued expenses and other current liabilities 37,091 25,613
DigiCore bank facilities 2,702 3,313
Total current liabilities 72,190 64,212
Long-term liabilities:    
Convertible senior notes, net 88,796 82,461
Revolving credit facility 0 0
Deferred tax liabilities, net 3,453 3,475
Other long-term liabilities 13,386 18,142
Total liabilities 177,825 168,290
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 2,000,000 shares authorized and none outstanding 0 0
Common stock, par value $0.001; 150,000,000 shares authorized at September 30, 2016 and December 31, 2015, respectively, 53,929,603 and 53,165,024 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 54 53
Additional paid-in capital 506,141 502,337
Accumulated other comprehensive loss (1,868) (8,507)
Accumulated deficit (496,623) (463,451)
Total stockholders’ equity attributable to Novatel Wireless, Inc. 7,704 30,432
Noncontrolling interests 55 31
Total stockholders’ equity 7,759 30,463
Total liabilities and stockholders’ equity $ 185,584 $ 198,753