Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (UNAUDITED)

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CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,643,000 $ 611,000
Accounts receivable, net 666,000 766,000
Inventory 5,729,000 6,563,000
Prepaid expenses and other 412,000 3,190,000
Total current assets 8,450,000 11,130,000
Property and equipment, net 399,000 575,000
Right of use assets 195,000 275,000
Intangibles, net 251,000 251,000
Other assets 348,000 505,000
Total assets 9,643,000 12,736,000
Current liabilities:    
Accounts payable 2,623,000 2,284,000
Accrued expenses 3,311,000 9,690,000
Operating lease liability - current 127,000 117,000
Debt, net of discounts 0 1,223,000
Total current liabilities 6,061,000 13,314,000
Operating lease liability - net of current portion 92,000 188,000
Deferred tax liability 11,000 11,000
Total liabilities 6,164,000 13,513,000
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Preferred stock, par value $0.0001; 10,000 shares authorized; 1 share issued as of September 30, 2023 and December 31, 2022; and no shares outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.0001; 790,000 shares authorized as of September 30, 2023 and December 31, 2022; 154,604 and 152,104 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 15,000 15,000
Additional paid-in capital 87,182,000 86,897,000
Accumulated deficit (83,718,000) (87,689,000)
Total stockholders' equity (deficit) 3,479,000 (777,000)
Total liabilities and stockholders' equity (deficit) $ 9,643,000 $ 12,736,000