Quarterly report pursuant to Section 13 or 15(d)

Nature of business and summary of significant accounting policies (Tables)

v3.21.2
Nature of business and summary of significant accounting policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Pro Forma Information
The following unaudited pro forma condensed consolidated balance sheet data is presented as if the IPO closed on June 30, 2021, by applying adjustments to the Company’s condensed consolidated balance sheet. It reflects (1) the issuance of 8,000,000 shares of common stock for estimated net proceeds of $36.2 million (of which $0.9 million of offering costs were already included in the June 30, 2021 current asset balance), (2) the conversion of all Series F convertible preferred stock into an aggregate of 5,764,533 shares of common stock and (3) the reclassification of the Series F Warrant liability to equity:
Actual Pro Forma Adjustments Pro Forma
June 30, 2021 June 30, 2021
Assets
Total Current Assets $ 17,859  $ 36,168  $ 54,027 
Total Non-Current assets 31,321  —  31,321 
Total Assets $ 49,180  $ 36,168  $ 85,348 
Liabilities & Stockholders’ Equity (Deficit)
Total Liabilities $ 34,920  $ (16,977) $ 17,943 
Common Stock 16  14  30 
Series F Preferred Stock —  —  — 
Additional paid-in capital 263,361  53,131  316,492 
Accumulated deficit (249,117) —  (249,117)
Total Stockholders’ Equity (Deficit) 14,260  53,145  67,405 
Total Liabilities and Stockholders’ Equity (Deficit) $ 49,180  $ 36,168  $ 85,348