v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 362,057,000 $ 38,449,000
Accounts receivable, net of allowance for doubtful accounts of $2,091,000 and $2,119,000 as of March 31, 2021 and December 31, 2020, respectively 1,992,000 2,775,000
Inventory, net 3,036,000 3,316,000
Prepaid expenses and other current assets 3,166,000 2,250,000
Total current assets 370,251,000 46,790,000
Property and equipment, net 5,806,000 4,910,000
Intangible assets, net 1,396,000 1,475,000
Goodwill 7,173,000 7,173,000
Other long-term assets 235,000 103,000
Total assets 384,861,000 60,451,000
Current liabilities:    
Accounts payable 2,209,000 2,930,000
Accrued expenses 4,659,000 5,599,000
Contract liabilities 301,000 416,000
Total current liabilities 7,169,000 8,945,000
Long-term debt, net of current portion 14,866,000 16,326,000
Long-term contract liabilities 108,000 98,000
Total liabilities 22,143,000 25,369,000
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value, 400,000,000 shares authorized at March 31, 2021 and December 31, 2020; 278,794,000 and 189,953,000 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 28,000 19,000
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of March 31, 2021 and December 31, 2020 0 0
Additional paid-in capital 516,321,000 178,747,000
Accumulated deficit (153,631,000) (143,684,000)
Total stockholders’ equity 362,718,000 35,082,000
Total liabilities and stockholders’ equity $ 384,861,000 $ 60,451,000