v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 6,923	$ 6,199
Restricted cash	114	22
Trade accounts receivable, net of allowance for credit losses and doubtful accounts of $1,795 and $1,437, respectively	26,951	20,660
Inventories	40,135	38,634
Prepaid and other current assets	1,466	1,601
Total current assets	75,589	67,116
Property and equipment, net	10,447	10,131
Right-of-use asset, net	2,634	829
Goodwill	7,302	7,302
Intangible assets, net	7,492	8,356
Other assets	15	103
Total Assets	103,479	93,837
Current Liabilities:
Accounts payable	7,223	7,918
Accrued liabilities	10,626	7,771
Current portion of lease liability	693	703
Current portion of finance lease obligations	52	69
Line of credit	12,006	12,120
Total current liabilities	30,600	28,581
Long-term Liabilities:
Lease liability, less current portion	2,015	166
Finance lease obligation, less current portion	30	47
Long-term debt, plus premium and less issuance costs	22,278	22,038
Other liabilities	54	42
Total Liabilities	54,977	50,874
Commitments and Contingencies (note 12)
Stockholders’ Equity:
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.000001 par value; 300,000,000 shares authorized; 139,315,722 shares issued and outstanding as of June 30, 2025 and 139,045,664 shares issued and outstanding as of December 31, 2024
Additional paid-in capital	304,201	302,738
Accumulated other comprehensive income (loss)	152	(316)
Accumulated deficit	(255,851)	(259,459)
Total Stockholders’ Equity	48,502	42,963
Total Liabilities & Stockholders’ Equity	$ 103,479	$ 93,837

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Xtant Medical Holdings, Inc. 10-Q