Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 36,562,000 $ 174,795,000
Accounts receivable, net 23,581,000 6,346,000
Inventory, net 34,740,000 10,369,000
Prepaid expenses and other current assets 4,399,000 1,020,000
Total Current Assets 99,282,000 192,530,000
Restricted cash 71,000 81,000
Property and equipment, net 25,862,000 14,563,000
Operating lease right-of-use asset 4,174,000 1,664,000
Intangible assets, net 26,582,000 3,455,000
Goodwill 203,710,000 19,390,000
Other assets 2,861,000 230,000
Total Assets 362,542,000 231,913,000
Current Liabilities:    
Accounts payable 24,585,000 7,134,000
Accrued expenses and other current liabilities 13,109,000 5,678,000
Notes payable 10,000 10,000
Current portion of operating lease liabilities 1,738,000 547,000
Current portion of financing lease liabilities 306,000
Current portion of deferred revenue 10,572,000 2,858,000
Total Current Liabilities 50,320,000 16,227,000
Contingent consideration 1,316,000
Consideration payable 40,608,000
Operating lease liabilities, non-current portion 3,030,000 1,531,000
Financing lease liabilities, non-current portion 408,000
Other liabilities 645,000 193,000
Deferred revenue, non-current portion 5,258,000 128,000
Total Liabilities 101,585,000 18,079,000
Commitments and contingencies (Note 16)  
Stockholders’ Equity:    
Common stock, $0.001 par value, 500,000,000 shares authorized, 51,476,445 and 42,423,514 shares issued and outstanding as of December 31, 2022 and 2021, respectively 51,000 42,000
Additional paid-in capital 597,982,000 458,046,000
Accumulated other comprehensive loss (3,046,000) (1,784,000)
Accumulated deficit (334,030,000) (242,470,000)
Total Stockholders’ Equity 260,957,000 213,834,000
Total Liabilities and Stockholders’ Equity $ 362,542,000 $ 231,913,000