XML 8 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 54,084 $ 44,450
Accounts receivable, net of allowance for credit losses of $151 and $47 respectively 18,361 12,506
VAT receivable 8,769 3,851
Inventories, net 79,109 75,281
Assets held for sale 629 629
Prepaid expenses and other current assets 12,025 8,314
Total current assets 172,977 145,031
Property, plant and equipment, net 28,839 30,107
Right of use asset operating lease 2,312 2,423
Right of use asset finance lease 44,366 45,081
Other long-term assets 1,974 1,574
Total assets 250,468 224,216
Current liabilities    
Accounts and contractual payables 64,709 49,574
Accrued payroll and other employee costs 5,996 6,286
Accrued warranty 2,162 2,389
Customer deposits 17,611 0
Deferred Revenue 3,402 8,556
Current portion of long-term debt 2,875 2,875
Lease liability finance lease, current 1,356 1,256
Other current liabilities 9,949 9,889
Total current liabilities 108,060 80,825
Long-term debt, net of current portion 105,302 105,540
Warrant liability 83,431 136,319
Accrued pension costs 1,138 1,073
Lease liability operating lease, long-term 2,506 2,645
Lease liability finance lease, long-term 46,291 46,678
Other long-term liabilities 1,139 1,409
Total liabilities 347,867 374,489
Stockholders' deficit    
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024) 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 19,040,310 and 18,960,608 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 221 221
Additional paid in capital 70,854 69,404
Accumulated other comprehensive income 1,697 721
Accumulated deficit (170,171) (220,619)
Total stockholders' deficit (97,399) (150,273)
Total liabilities and stockholders' deficit $ 250,468 $ 224,216