Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 2,361 $ 3,946
Restricted cash 173 0
Accounts receivable, net 5,824 116
Inventories, net 6,580 1,557
Prepaid expenses and other current assets 2,641 269
Total current assets 17,579 5,888
Property and equipment, net 417 71
Right-of-use asset, operating lease 951 0
Intangible assets, net 14,641 0
Goodwill 18,614 0
Other assets 1,330 28
Total Assets 53,532 5,987
Current liabilities    
Short term loan, net 16,061 0
Line of credit, net 4,819 4,600
Other liabilities 500 1,914
Accounts payable 4,049 765
Due to related party 0 1,600
Accrued liabilities 4,721 85
Deferred revenue 311 65
Operating lease liability, current portion 345 0
Warrant derivative liability 2,220 0
Total current liabilities 33,026 9,029
Noncurrent Liabilities    
Notes payable, net 16,370 0
Operating lease liability 641 0
Total Noncurrent Liabilities 17,011 0
Total Liabilities 50,037 9,029
Stockholders' Deficit    
Common stock, $0.001 par value, 88,000,000 and 16,303,928 shares authorized, 47,977,390 & 11,661,485 shares issued and outstanding at December 31, 2019 and 2018, respectively 48 12
Additional paid-in capital 194,150 13,642
Accumulated deficit (201,269) (16,698)
Total Stockholders' Deficit (7,071) (3,042)
Total Liabilities, Redeemable Preferred Stock and Stockholders' Deficit 53,532 5,987
Series E Preferred Stock [Member]    
Redeemable Series E Convertible Preferred Stock    
Redeemable Series E preferred stock, $0.001 par value, 2,900,000 & 0 shares authorized, 1,387,378 & 0 shares issued and outstanding at December 31, 2019 and 2018, respectively 10,566 0
Convertible Series A Preferred Stock [Member]    
Stockholders' Deficit    
Convertible Series A Preferred Stock, $0.001 par value, 0 & 5,529,162 shares authorized, 0 & 2,391,403 shares issued and outstanding at December 31, 2019 and 2018, respectively $ 0 $ 2