Balance Sheet

v3.24.1.1.u2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 9,252	$ 9,397
Accounts receivable, net	13,337	25,304
Non-trade receivable	564	961
Inventory	4,823	6,517
Prepaid expenses and other current assets	1,561	1,608
Total current assets	29,537	43,787
Property and equipment, net	102	71
Right-of-use assets		55
Contract fulfillment assets	9,611	9,232
Other assets	3,135	2,898
Total assets	42,385	56,043
Liabilities and stockholders’ equity
Accounts payable	9,079	19,847
Accrued liabilities	11,884	12,233
Current portion of lease liability		55
Deferred revenue	12	12
Total current liabilities	20,975	32,147
Income tax payable	1,571	1,528
Total liabilities	22,546	33,675
Commitments and contingencies (Note 8)
Stockholders’ equity
Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 43,206,083 and 43,081,083 shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively	43	43
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively
Additional paid-in capital	272,662	272,285
Accumulated deficit	(252,866)	(249,960)
Total stockholders’ equity	19,839	22,368
Total liabilities and stockholders’ equity	$ 42,385	$ 56,043

- Definition

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).

Balance Sheet

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