XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,994 $ 12,074
Accounts receivable, net of allowance for doubtful accounts of $1,701 and $2,133, respectively 38,042 19,656
Inventories, net 24,241 25,290
Prepaid expenses and other 10,962 7,117
Total current assets 115,239 64,137
Property, plant and equipment, net of accumulated depreciation of $18,606 and $16,017, respectively 13,052 10,756
Rental assets, net of accumulated depreciation of $13,934 and $12,791, respectively 5,069 5,385
Intangible assets, net of accumulated amortization of $40,772 and $33,011, respectively 51,974 44,392
Goodwill 28,742 33,659
Right-of-use assets, net 9,279 2,657
Other assets 384 387
Total assets 223,739 161,373
Current liabilities:    
Accounts payable 51,098 26,482
Accrued expenses and other current liabilities 23,263 17,861
DigiCore bank facilities 130 187
Total current liabilities 74,491 44,530
Long-term liabilities:    
Term loan, net 0 46,538
Deferred tax liabilities, net 3,278 3,949
Other long-term liabilities 10,353 2,380
Total liabilities 250,961 198,731
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, 98,788,531 and 81,974,051 shares issued and outstanding, respectively 99 82
Additional paid-in capital 706,212 584,862
Accumulated other comprehensive loss (14,613) (3,879)
Accumulated deficit (718,829) (618,303)
Total stockholders’ deficit attributable to Inseego Corp. (27,131) (37,238)
Noncontrolling interests (91) (120)
Total stockholders’ deficit (27,222) (37,358)
Total liabilities and stockholders’ deficit 223,739 161,373
2025 Notes    
Long-term liabilities:    
Convertible senior notes, net 162,839 0
2022 Notes    
Long-term liabilities:    
Convertible senior notes, net $ 0 $ 101,334