Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,375 $ 4,024
Restricted cash 0 501
Accounts receivable, net 2,041 1,126
Inventory 8,624 8,840
Prepaid expenses and other 2,146 2,372
Total current assets 14,186 16,863
Property & equipment, net 1,717 2,877
Operating lease assets 0 3,057
Intangibles, net 1,485 3,730
Goodwill 0 2,788
Other assets 678 1,310
Total assets 18,066 30,625
Current liabilities:    
Accounts payable 2,624 1,677
Accrued expenses 10,915 9,805
Convertible notes 612 0
Current portion of operating lease liability 0 680
Less: Current portion of debt 310 2,174
Total current liabilities 14,461 14,336
Operating lease liability 0 3,467
Debt 0 1,453
Deferred tax liability 62 157
Total liabilities 14,523 19,413
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, par value $0.0001; 10,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.0001; 190,000 shares authorized; 112,482 and 100,664 shares issued and outstanding as of December 31, 2021 and 2020, respectively 11 10
Additional paid-in capital 83,007 75,123
Accumulated deficit (79,475) (63,921)
Total stockholders' equity 3,543 11,212
Total liabilities and stockholders' equity $ 18,066 $ 30,625