Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (UNAUDITED)

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CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,690 $ 611
Accounts receivable, net 611 766
Inventory 5,836 6,563
Prepaid expenses and other 411 3,190
Total current assets 8,548 11,130
Property and equipment, net 457 575
Right of use assets 222 275
Intangibles, net 251 251
Other assets 401 505
Total assets 9,879 12,736
Current liabilities:    
Accounts payable 2,161 2,284
Accrued expenses 3,537 9,690
Operating lease liability - current 123 117
Debt, net of discounts 28 1,223
Total current liabilities 5,849 13,314
Operating lease liability - net of current portion 125 188
Deferred tax liability 11 11
Total liabilities 5,985 13,513
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Preferred stock, par value $0.0001; 10,000 shares authorized; 1 share issued as of June 30, 2023 and December 31, 2022; and no shares outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.0001; 790,000 shares authorized as of June 30, 2023 and December 31, 2022; 154,604 and 152,104 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 15 15
Additional paid-in capital 87,150 86,897
Accumulated deficit (83,271) (87,689)
Total stockholders' equity (deficit) 3,894 (777)
Total liabilities and stockholders' equity (deficit) $ 9,879 $ 12,736