v3.24.1.1.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 81,412 $ 32,557
Accounts receivable, less allowance for credit losses of $171 as of March 31, 2024 and $230 as of December 31, 2023 36,584 21,949
Contract assets 2,379 4,822
Prepaid expenses and other current assets 4,661 4,449
Total current assets 125,036 63,777
Non-current assets:    
Property and equipment, net 1,570 997
Goodwill 119,769 48,683
Intangible assets, net 120,444 82,040
Right-of-use assets 9,701 4,041
Deferred tax assets 0 0
Other non-current assets 1,107 372
Total assets 377,627 199,910
Current liabilities:    
Accounts payable 6,215 11,038
Short-term debt, including current portion of long-term debt 826 1,229
Accrued liabilities 21,516 16,233
Contract liabilities 3,853 879
Current portion of long-term lease liability 848 779
Derivative liabilities 24,956 37,862
Other current liabilities 4,856 602
Total current liabilities 63,070 68,622
Non-current liabilities:    
Long-term debt, net 194,761 194,273
Long-term lease liability 11,300 4,313
Deferred tax liabilities 14 37
Other non-current liabilities 0 0
Total liabilities 269,145 267,245
Commitments and contingencies (Note M)
Stockholders’ deficit:    
Common stock, par value $0.0001; 500,000,000 shares authorized and 246,061,379 shares issued and outstanding at March 31, 2024 and 157,287,522 at December 31, 2023 25 17
Additional paid-in capital 604,384 303,428
Treasury stock, at cost 9,952,803 shares at March 31, 2024 and December 31, 2023 (57,350) (57,350)
Accumulated deficit (438,577) (313,430)
Total stockholders’ deficit 108,482 (67,335)
Total liabilities and stockholders’ deficit $ 377,627 $ 199,910

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