Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,086,000 $ 7,360,000
Accounts receivable 2,091,000 593,000
Inventory 2,687,000 1,549,000
Prepaid expenses and other current assets 1,066,000 1,228,000
Total current assets 13,930,000 10,730,000
Property and equipment, net 483,000 239,000
Other assets 136,000 138,000
Total assets 14,549,000 11,107,000
Current liabilities:    
Accounts payable 3,086,000 1,432,000
Accrued liabilities 2,186,000 1,293,000
Note payable, current portion 1,867,000 4,446,000
Total current liabilities 7,139,000 7,171,000
Note payable, noncurrent portion 7,762,000 0
Other noncurrent liabilities 53,000 0
Total liabilities 14,954,000 7,171,000
Commitments and contingences (Note 7)
Stockholders’ equity (deficit):    
Additional paid-in capital 68,216,000  
Accumulated deficit (68,622,000) (48,511,000)
Total stockholders’ equity (deficit) (405,000) 3,936,000
Total liabilities and stockholders’ equity (deficit) 14,549,000 11,107,000
Preferred Stock with Par Value [Member]    
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2016; no shares issued 0  
Preferred Stock, No Par Value [Member]    
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2016; no shares issued 0  
Common Stock with Par Value [Member]    
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 75,000,000 shares authorized as of December 31, 2016; 10,661,201 shares issued and outstanding as of December 31, 2016 $ 1,000  
Common Stock with No Par Value [Member]    
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 75,000,000 shares authorized as of December 31, 2016; 10,661,201 shares issued and outstanding as of December 31, 2016   $ 52,447,000