Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 52,190 $ 66,355
Accounts receivable, net of allowance for doubtful accounts of $1,459 and $741 54,693 35,423
Inventory, net 67,935 36,583
Prepaid expenses and other current assets 11,903 11,543
Total current assets 186,721 149,904
Long-term assets:    
Property and equipment, net of accumulated depreciation 72,642 51,092
Goodwill 465 465
Intangible assets, net of accumulated amortization 5,705 4,608
Right-of-use operating lease assets, net 3,561 3,702
Other non-current assets 1,439 1,290
Total assets 270,533 211,061
Current liabilities:    
Accounts payable 28,928 20,034
Accrued liabilities 19,388 17,237
Other liabilities, short-term 1,986 1,688
Total current liabilities 50,302 38,959
Long-term liabilities:    
Note payable, net of debt discount and issuance costs 185,321 175,461
Operating lease liabilities, non-current 2,918 3,200
Other liabilities, long-term 1,505 1,626
Total liabilities 240,046 219,246
Commitments and contingencies (Note 12)
Shareholders’ equity (deficit):    
Common shares - zero par value, unlimited amount authorized; 26,213,504 and 24,815,908 shares issued at September 30, 2023 and December 31, 2022, respectively; 25,805,434 and 24,407,838 shares outstanding at September 30, 2023 and December 31, 2022, respectively 310,606 223,637
Additional paid-in-capital 60,335 49,911
Treasury shares, at cost, 408,070 shares held at September 30, 2023 and December 31, 2022 (2,854) (2,854)
Accumulated deficit (339,554) (281,594)
Accumulated other comprehensive income 1,954 2,715
Total shareholders’ equity (deficit) 30,487 (8,185)
Total liabilities and shareholders’ equity (deficit) $ 270,533 $ 211,061