v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 50,141 $ 32,557
Accounts receivable, less allowance for credit losses of $127 as of December 31, 2024 and $230 as of December 31, 2023 38,953 21,949
Contract assets 895 4,822
Prepaid expenses and other current assets 3,768 4,449
Total current assets 93,757 63,777
Non-current assets:    
Property and equipment, net 1,566 997
Goodwill 119,081 48,683
Intangible assets, net 119,119 82,040
Right-of-use assets 9,263 4,041
Other non-current assets 990 372
Total assets 343,776 199,910
Current liabilities:    
Accounts payable 8,455 11,038
Short-term debt, including current portion of long-term debt 818 1,229
Accrued liabilities 19,496 16,233
Contract liabilities 2,541 879
Current portion of long-term lease liability 1,068 779
Derivative liabilities 170,515 38,353
Other current liabilities 73 602
Total current liabilities 202,966 69,113
Non-current liabilities:    
Long-term debt, net 135,404 156,155
Long-term lease liability 9,120 4,313
Deferred tax liabilities 0 328
Total liabilities 347,490 229,909
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.0001; 500,000,000 shares authorized and 251,554,378 shares issued and outstanding at December 31, 2024 and 157,287,522 shares issued and outstanding at December 31, 2023 26 17
Additional paid-in capital 625,130 303,428
Treasury stock, at cost 9,952,803 shares at December 31, 2024 and December 31, 2023 (57,350) (57,350)
Accumulated deficit (571,641) (276,094)
Accumulated other comprehensive income 121 0
Total stockholders’ equity (deficit) (3,714) (29,999)
Total liabilities and stockholders’ equity (deficit) $ 343,776 $ 199,910

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