Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2020 |
Dec. 31, 2019 |
| Current assets: |
|
|
| Cash |
$ 93,596
|
$ 37,655
|
| Accounts receivable, net of allowance for doubtful accounts of $1,575 and $1,026 |
21,615
|
22,767
|
| Inventory, net |
25,512
|
28,660
|
| Prepaid expenses and other current assets |
7,173
|
6,757
|
| Total current assets |
147,896
|
95,839
|
| Long-term assets: |
|
|
| Property and equipment, net of accumulated depreciation |
16,235
|
16,418
|
| Goodwill |
465
|
465
|
| Intangible assets, net of accumulated amortization |
3,465
|
3,441
|
| Other non-current assets |
362
|
368
|
| Total assets |
168,423
|
116,531
|
| Current liabilities: |
|
|
| Accounts payable |
9,881
|
10,366
|
| Accrued liabilities |
10,555
|
10,677
|
| Other liabilities, short term |
2,024
|
2,199
|
| Total current liabilities |
22,460
|
23,242
|
| Long-term liabilities: |
|
|
| Note payable, Madryn, net of debt discount and issuance costs |
48,529
|
48,142
|
| Madryn put option |
5,001
|
3,072
|
| Other liabilities, long term |
2,126
|
2,461
|
| Total liabilities |
78,116
|
76,917
|
| Commitments and contingencies (Note 7) |
|
|
| Shareholders’ equity: |
|
|
| Common shares - zero par value, unlimited amount authorized; 23,735,013 and 21,057,040 shares issued at March 31, 2020 and December 31, 2019, respectively; 23,326,943 and 20,648,970 shares outstanding at March 31, 2020 and December 31, 2019, respectively |
211,734
|
147,688
|
| Additional paid-in-capital |
22,799
|
21,214
|
| Treasury shares, at cost, 408,070 shares held at March 31, 2020 and December 31, 2019 |
(2,854)
|
(2,854)
|
| Accumulated deficit |
(144,884)
|
(127,125)
|
| Accumulated other comprehensive income |
3,512
|
691
|
| Total shareholders’ equity |
90,307
|
39,614
|
| Total liabilities and shareholders’ equity |
$ 168,423
|
$ 116,531
|