Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and equivalents $ 19,910 $ 27,038
Accounts receivable, net of allowance for doubtful collection of $103 and $53 1,760 1,909
Inventories 1,692 1,329
Prepaid expenses 2,849 2,809
Total current assets 26,211 33,085
Other long-term assets    
Property and equipment, net 114,058 111,465
Goodwill 21,286 21,286
Other intangible assets, net 10,936 10,966
Deposits 994 404
Total other long-term assets 147,274 144,121
Total assets 173,485 177,206
Current liabilities    
Accounts payable 5,182 4,910
Accrued payroll and related 3,115 3,126
Other accrued expenses 8,846 7,996
Current portion of long-term debt 1,000 1,688
Current portion of capital lease obligation 421 419
Total current liabilities 18,564 18,139
Common stock warrant liability and other long-term obligations 2,689 1,117
Long-term debt, net of current portion 93,566 94,246
Capital lease obligation, net of current portion 4,861 5,318
Deferred tax liability 1,757 1,907
Total liabilities 121,437 120,727
Commitments and contingencies (Notes 8 and 10)
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 24,294,084 and 24,221,558 shares issued; 22,937,489 and 22,864,963 shares outstanding 2 2
Additional paid-in capital 51,868 51,271
Treasury stock, 1,356,595 common shares (1,654) (1,654)
Retained earnings 1,832 6,860
Total stockholders' equity 52,048 56,479
Total liabilities and stockholders' equity $ 173,485 $ 177,206