Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 13,213 $ 11,233
Accounts receivable, net 22,433 10,803
Non-trade receivable 2,269 2,255
Inventory 3,910 5,544
Prepaid expenses and other current assets 1,807 5,852
Total current assets 43,632 35,687
Property and equipment, net 168 534
Right-of-use-assets 66
Contract fulfillment assets 6,848 2,345
Other assets 2,972 2,524
Total assets 53,686 41,090
Liabilities and stockholders’ equity    
Current portion of long-term debt 147 148
Accounts payable 21,126 9,473
Accrued liabilities 10,692 11,353
Current portion of lease liability 66
Deferred revenue 31 11
Total current liabilities 32,062 20,985
Income tax payable 1,429 1,409
Accrued severance 150
Long-term debt, less current portion 66
Total liabilities 33,641 22,460
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 40,774,687 and 18,808,885 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively. 41 19
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized
Additional paid-in capital 269,874 253,416
Accumulated deficit (249,870) (234,805)
Total stockholders’ equity 20,045 18,630
Total liabilities and stockholders’ equity $ 53,686 $ 41,090