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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 42,100 $ 12,074
Accounts receivable, net of allowance for doubtful accounts of $1,669 and $2,133, respectively 40,556 19,656
Inventories, net 20,173 25,290
Prepaid expenses and other 11,876 7,117
Total current assets 114,705 64,137
Property, plant and equipment, net of accumulated depreciation of $16,909 and $16,017, respectively 12,198 10,756
Rental assets, net of accumulated depreciation of $12,781 and $12,791, respectively 4,704 5,385
Intangible assets, net of accumulated amortization of $44,886 and $33,223, respectively 45,642 44,392
Goodwill 28,030 33,659
Right-of-use assets, net 6,248 2,657
Other assets 385 387
Total assets 211,912 161,373
Current liabilities:    
Accounts payable 49,239 26,482
Accrued expenses and other current liabilities 18,569 17,861
DigiCore bank facilities 126 187
Total current liabilities 67,936 44,530
Long-term liabilities:    
Term loan, net 0 46,538
Deferred tax liabilities, net 3,101 3,949
Other long-term liabilities 6,632 2,380
Total liabilities 253,840 198,731
Commitments and Contingencies
Stockholders’ deficit:    
Series E Preferred stock, par value $0.001; 39,500 and 10,000 shares designated, respectively, 35,000 and 10,000 shares issued and outstanding, respectively, liquidation preference of $1,000 per share (plus any accrued but unpaid dividends) 0 0
Common stock, par value $0.001; 150,000,000 shares authorized, 97,018,396 and 81,974,051 shares issued and outstanding, respectively 97 82
Additional paid-in capital 686,410 584,862
Accumulated other comprehensive loss (15,783) (3,879)
Accumulated deficit (712,558) (618,303)
Total stockholders’ deficit attributable to Inseego Corp. (41,834) (37,238)
Noncontrolling interests (94) (120)
Total stockholders’ deficit (41,928) (37,358)
Total liabilities and stockholders’ deficit 211,912 161,373
Convertible 3.25% senior notes    
Long-term liabilities:    
Convertible senior notes, net 176,171 0
Stockholders’ deficit:    
Convertible senior notes, net 176,171 0
Convertible 5.5% senior notes    
Current liabilities:    
Convertible senior notes, net 2 0
Long-term liabilities:    
Convertible senior notes, net 0 101,334
Stockholders’ deficit:    
Convertible senior notes, net $ 0 $ 101,334