v3.23.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,260	$ 4,346
Restricted cash	352	303
Accounts receivable, net	3,907	7,035
Account receivable-due from government awards	429	501
Unbilled accounts receivable	2,738	2,438
Inventories	9,023	8,709
Prepaid expenses and other current assets	902	594
Total current assets	20,611	23,926
Property, plant and equipment, net	52,524	49,099
Operating lease right-of-use assets	22	53
Intangibles and other assets	25	29
Total assets	73,182	73,107
Current liabilities:
Accounts payable	2,643	2,077
Accrued compensation	1,727	1,662
Revolving credit facility, net		1,037
Other accrued expenses	3,755	659
Deferred revenue	12	12
Operating lease liability - current	22	54
Finance lease liability - current	1,229	1,229
Other current liabilities	602	231
Total current liabilities	9,990	6,961
Other liability - long term	14	14
Line of credit - long term	5,036
Deferred income - government awards - long term	33,005	28,729
Finance lease liability - long term	13,481	13,608
Total liabilities	61,526	49,312
Commitments and contingencies (Note 9)
Shareholders' equity:
Preferred stock, $.001 par value: authorized 10,000,000 shares: Series B Convertible Preferred stock, (liquidation preference of $5,356) stated value $1,000 per share, $0.001 par value: 10,000 shares designated and 5,356 issued and outstanding as of June 30, 2023 and 5,356 issued and outstanding as of December 31, 2022.
Common stock, $0.001 par value: authorized 200,000,000 shares, issued 83,349,982 shares, outstanding 83,187,916 shares as of June 30, 2023 and issued 81,241,516 shares, outstanding 81,079,450 shares as of December 31, 2022.	83	80
Additional paid-in capital	284,231	282,582
Accumulated deficit	(272,158)	(258,367)
Treasury stock, 162,066 shares as of June 30, 2023 and December 31, 2022.	(500)	(500)
Total shareholders' equity	11,656	23,795
Total liabilities and shareholders' equity	$ 73,182	$ 73,107

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).

EMAGIN CORP 10-Q