Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 611 $ 1,375
Accounts receivable, net 766 2,041
Inventory 6,563 8,624
Prepaid expenses and other 3,190 2,146
Total current assets 11,130 14,186
Property and equipment, net 575 1,717
Right of use assets 275 0
Intangibles, net 251 1,485
Other assets 505 678
Total assets 12,736 18,066
Current liabilities:    
Accounts payable 2,284 2,624
Accrued expenses 9,690 10,915
Convertible notes 0 612
Operating lease liability - current 117 0
Debt, net of debt discounts 1,223 310
Total current liabilities 13,314 14,461
Operating lease liability - net of current portion 188 0
Deferred tax liability 11 62
Total liabilities 13,513 14,523
Commitments and contingencies (Note 13)
Stockholders' (deficit) equity    
Preferred stock, par value $0.0001; 10,000 shares authorized; 1 and no shares issued as of December 31, 2022 and 2021, respectively; no shares outstanding as of December 31, 2022 and 2021 0 0
Common stock, par value $0.0001; 790,000 and 190,000 shares authorized as of December 31, 2022 and 2021, respectively; 152,104 and 112,482 shares issued and outstanding as of December 31, 2022 and 2021, respectively 15 11
Additional paid-in capital 86,897 83,007
Accumulated deficit (87,689) (79,475)
Total stockholders' (deficit) equity (777) 3,543
Total liabilities and stockholders' (deficit) equity $ 12,736 $ 18,066