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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30,841 $ 40,015
Accounts receivable, net of allowance for doubtful accounts of $296 and $1,384, respectively 19,983 29,940
Inventories 27,544 33,952
Assets held for sale [1] 42,450 0
Prepaid expenses and other 8,088 10,201
Total current assets 128,906 114,108
Restricted cash 3,693 0
Property, plant and equipment, net of accumulated depreciation of $19,758 and $21,715, respectively 9,330 13,699
Rental assets, net of accumulated depreciation of $15,055 and $15,754, respectively 4,761 6,109
Intangible assets, net of accumulated amortization of $ 35,579 and $63,020, respectively 47,192 51,487
Goodwill 22,175 32,511
Right-of-use assets, net 8,294 9,092
Other assets 389 388
Total assets 224,740 227,394
Current liabilities:    
Accounts payable 31,182 52,339
Accrued expenses and other current liabilities 22,874 23,373
Liabilities related to assets held for sale [1] 11,132 0
Total current liabilities 65,188 75,712
Long-term liabilities:    
2025 Notes, net 159,120 165,147
Deferred tax liabilities, net 888 4,505
Other long-term liabilities 8,450 9,929
Total liabilities 233,646 255,293
Commitments and contingencies
Stockholders’ deficit:    
Series E Preferred stock, par value $0.001; 39,500 shares designated, 35,000 shares issued and outstanding, 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, 103,109,346 and 99,399,029 shares issued and outstanding, respectively 103 99
Additional paid-in capital 761,412 711,487
Accumulated other comprehensive loss (6,279) (6,972)
Accumulated deficit (764,150) (732,422)
Total stockholders’ deficit attributable to Inseego Corp. (8,914) (27,808)
Noncontrolling interests 8 (91)
Total stockholders’ deficit (8,906) (27,899)
Total liabilities and stockholders’ deficit $ 224,740 $ 227,394
[1] Assets and liabilities held for sale relate to the expected sale of our Ctrack South Africa operations. Refer to Note 4. Business Divestiture for details.