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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 40,015 $ 12,074
Accounts receivable, net of allowance for doubtful accounts of $1,384 and $2,133, respectively 29,940 19,656
Inventories 33,952 25,290
Prepaid expenses and other 10,201 7,117
Total current assets 114,108 64,137
Property, plant and equipment, net 13,699 10,756
Rental assets, net 6,109 5,385
Intangible assets, net 51,487 44,392
Goodwill 32,511 33,659
Right-of-use assets, net 9,092 2,657
Other assets 388 387
Total assets 227,394 161,373
Current liabilities:    
Accounts payable 52,339 26,482
Accrued expenses and other current liabilities 23,373 18,048
Total current liabilities 75,712 44,530
Long-term liabilities:    
Term loan, net 0 46,538
Deferred tax liabilities, net 4,505 3,949
Other long-term liabilities 9,929 2,380
Total liabilities 255,293 198,731
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,99,399,029 and 81,974,051 shares issued and outstanding, respectively 99 82
Additional paid-in capital 711,487 584,862
Accumulated other comprehensive loss (6,972) (3,879)
Accumulated deficit (732,422) (618,303)
Total stockholders’ deficit attributable to Inseego Corp. (27,808) (37,238)
Noncontrolling interests (91) (120)
Total stockholders’ deficit (27,899) (37,358)
Total liabilities and stockholders’ deficit 227,394 161,373
2025 Notes    
Long-term liabilities:    
Convertible senior notes, net 165,147 0
2022 Notes    
Long-term liabilities:    
Convertible senior notes, net $ 0 $ 101,334