Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,384 $ 3,693
Restricted cash 2,736 1,569
Accounts receivable (net of allowance for doubtful accounts of $0 and $12,000 as of December 31, 2021 and 2020, respectively) 25,743 44,393
Inventory, net 6,351 7,965
Assets held for sale 2,043
Prepaids and other current assets 18,748 10,707
Total current assets 62,005 68,327
Property and equipment, net 162,664 235,332
Intangible assets, net 12,500 13,466
Goodwill 4,971 4,971
Other assets 1,417 1,127
TOTAL ASSETS 243,557 323,223
Current liabilities:    
Accounts payable 29,180 36,362
Accrued expenses and other current liabilities 16,842 14,781
Notes payable 2,320 998
Current portion of long-term debt 5,000 10,000
Current portion of equipment financing 3,412 3,519
Current portion of capital lease obligations 1,092 54
Total current liabilities 57,846 65,714
Warrant liabilities 3,557 1,619
Long-term debt 167,507 274,555
Convertible senior notes 105,769
Long-term equipment financing 5,128 9,347
Long-term capital lease obligations 2,112
Other long-term liabilities 6,875 3,539
Total liabilities 348,794 354,774
Commitments and contingencies (NOTE 12)
Stockholders' deficit:    
Additional paid in capital 263,928 217,217
Accumulated deficit (393,036) (322,431)
Total Stockholders' deficit (129,103) (105,212)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT 243,557 323,223
Series A Convertible Redeemable Preferred Stock [Member]    
Mezzanine equity:    
Redeemable Convertible Preferred Stock 23,866 50,975
Series B Convertible Redeemable Preferred Stock [Member]    
Mezzanine equity:    
Redeemable Convertible Preferred Stock 22,686
Common Class A [Member]    
Stockholders' deficit:    
Common stock $ 5 $ 2