Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

v3.23.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 1,649 $ 3,173
Restricted cash 6,300 6,300
Accounts receivable, net 6,317 6,744
Inventories, net 8,883 10,257
Prepaid expenses and other current assets 1,044 1,051
Total Current Assets 24,193 27,525
Fixed assets, net 332 375
Right-of-use assets, operating leases 160 173
Intangible assets, net 9,678 10,059
Other assets 782 544
Total Assets 35,145 38,676
Current Liabilities    
Accounts payable 3,128 2,932
Accrued and other liabilities 1,487 2,596
Operating lease liability 53 52
Total Current Liabilities 4,668 5,580
Non-current Liabilities    
Line of credit, net 11,462 11,444
Operating lease liability 110 124
Total Non-current Liabilities 11,572 11,568
Total Liabilities 16,240 17,148
Stockholders’ Equity    
Common Stock, $0.001 par value, 200,000,000 shares authorized, 30,497,148 & 29,430,267 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 30 29
Additional paid-in capital 320,931 320,071
Accumulated deficit (302,056) (298,572)
Total Stockholders’ Equity 18,905 21,528
Total Liabilities and Stockholders’ Equity $ 35,145 $ 38,676