Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 18,155 $ 11,233
Accounts receivable, net 5,316 10,803
Non-trade receivable 1,258 2,255
Inventory 3,422 5,544
Prepaid expenses and other current assets 3,027 5,852
Total current assets 31,178 35,687
Property and equipment, net 454 534
Right-of-use assets 553
Other assets 5,106 4,869
Total assets 37,291 41,090
Liabilities and stockholders’ equity    
Current portion of long-term debt 141 148
Accounts payable 8,130 9,473
Accrued expenses 12,045 11,353
Other liability for proceeds received for equity not yet issued 6,800
Current portion of lease liability 662
Deferred revenue 155 11
Total current liabilities 27,933 20,985
Income tax payable 1,435 1,409
Long-term debt, less current portion 66
Lease liability 911
Total liabilities 30,279 22,460
Commitments and contingencies (Note 9)  
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 19,340,560 and 18,808,855 shares issued and outstanding at June 30, 2022, and December 31, 2021, respectively. 19 19
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at June 30, 2022, and December 31, 2021, respectively.
Additional paid-in capital 254,213 253,416
Accumulated deficit (247,220) (234,805)
Total stockholders’ equity 7,012 18,630
Total liabilities and stockholders’ equity $ 37,291 $ 41,090