Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 12,620 $ 56,011
Accounts receivable, net of allowance of $2,041 and $2,028 as of June 30, 2023 and December 31, 2022, respectively 8,660 9,899
Inventories 57,147 47,066
Prepaid expenses and other current assets 6,679 9,401
Total current assets 85,106 122,377
Property and equipment, net 12,971 11,519
Operating lease right-of-use asset, net 7,072 7,735
Other assets 2,010 1,928
Total assets 107,159 143,559
Current liabilities    
Accounts payable 10,255 7,961
Accrued expenses and other current liabilities 7,853 6,270
Warrant liability 10 60
Current portion of operating lease obligation 1,822 1,649
Current debt, net of debt discount 53,290 0
Total current liabilities 73,230 15,940
Long-term debt, net of debt discount 2,982 62,103
Operating lease obligation, net of current portion 6,772 7,735
Derivative liability 2 78
Earnout liability 446 2,265
Other long-term liabilities 794 880
Total liabilities 84,226 89,001
Commitments and contingencies (Note 13)
Stockholders’ equity    
Preferred stock, par value $0.0001, 1,000,000 shares authorized and no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.0001, 250,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 6,144,553 and 4,492,157 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 234,209 220,951
Accumulated deficit (211,277) (166,394)
Total stockholders’ equity 22,933 54,558
Total liabilities and stockholders’ equity $ 107,159 $ 143,559