Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 305,744 $ 233,351
Accounts receivable, net 23,112 23,928
Inventory 9,862 1,404
Other receivables - related party 678 744
Prepaid expenses and other current assets 7,066 6,723
Total current assets 346,462 266,150
Property and equipment, net 15,066 11,923
Operating lease right-of-use asset, net 19,005 20,487
Restricted cash 2,220 1,645
Long-term investment, at fair value 0 17,566
Intangible asset, net 12,552 14,629
Other assets 1,198 1,013
Total assets 396,503 333,413
Current liabilities    
Accounts payable and accrued expenses 90,660 45,389
Deferred revenue 2,611 0
Income taxes payable 345 0
Operating lease liabilities, short-term 2,104 1,849
Partner company line of credit 812 0
Partner company installment payments - licenses, short-term (net of imputed interest of $490 and $778 as of December 31, 2021 and December 31, 2020, respectively) 4,510 4,522
Total current liabilities 101,042 51,760
Notes payable, long-term (net of debt discount of $7,063 and $8,323 as of December 31, 2021 and December 31, 2020, respectively) 42,937 51,677
Operating lease liabilities, long-term 20,987 22,891
Partner company installment payments - licenses, long-term (net of imputed interest of $373 and $863 as of December 31, 2021 and December 31, 2020, respectively) 3,627 8,137
Other long-term liabilities 2,033 1,949
Total liabilities 170,626 136,414
Commitments and contingencies (Note 16)
Stockholders' equity    
Cumulative redeemable perpetual preferred stock, $.001 par value, 15,000,000 authorized, 5,000,000 designated Series A shares, 3,427,138 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively, liquidation value of $25.00 per share 3 3
Common stock, $.001 par value, 170,000,000 shares authorized, 101,435,505 shares issued and outstanding as of December 31, 2021; 150,000,000 shares authorized, 94,877,492 shares issued and outstanding as of December 31, 2020, respectively 101 95
Additional paid-in-capital 656,033 583,000
Accumulated deficit (547,463) (482,760)
Total stockholders' equity attributed to the Company 108,674 100,338
Non-controlling interests 117,203 96,661
Total stockholders' equity 225,877 196,999
Total liabilities and stockholders' equity $ 396,503 $ 333,413