Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,523,000 $ 13,308,000
Accounts receivable, net of allowance for doubtful accounts of $124 and $407 as of December 31, 2020 and 2019, respectively 770,000 1,573,000
Inventory 3,254,000 4,861,000
Prepaid expenses and other current assets 2,296,000 2,447,000
Total current assets 12,843,000 22,189,000
Property and equipment, net 2,759,000 3,046,000
Investment in limited liability company 833,000 1,216,000
Other assets 195,000 526,000
Total assets 16,630,000 26,977,000
Current liabilities:    
Accounts payable 881,000 1,608,000
Accrued liabilities 2,416,000 4,698,000
Paycheck Protection Program loan, current portion 918,000
Total current liabilities 4,215,000 6,306,000
Note payable, noncurrent portion 4,518,000 3,983,000
Paycheck Protection Program loan, noncurrent portion 425,000
Other noncurrent liabilities 498,000 167,000
Total liabilities 9,656,000 10,456,000
Commitments and contingences (Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value; 75,000,000 shares authorized as of December 31, 2020 and December 31, 2019; 2,171,316 and 707,571 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively
Additional paid-in capital 226,800,000 214,432,000
Accumulated deficit (219,826,000) (197,911,000)
Total stockholders’ equity 6,974,000 16,521,000
Total liabilities and stockholders’ equity 16,630,000 26,977,000
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock