Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
[1]
Current assets:    
Cash and cash equivalents $ 25,391,000 $ 6,523,000
Accounts receivable, net of allowance for doubtful accounts of $139 and $124 as of June 30, 2021 and December 31, 2020, respectively 696,000 770,000
Inventory 2,632,000 3,254,000
Prepaid expenses and other current assets 1,988,000 2,296,000
Total current assets 30,707,000 12,843,000
Property and equipment, net 1,959,000 2,759,000
Investment in limited liability company 678,000 833,000
Other assets 684,000 195,000
Total assets 34,028,000 16,630,000
Current liabilities:    
Accounts payable 662,000 881,000
Accrued liabilities 2,292,000 2,416,000
Paycheck Protection Program loan, current portion 0 918,000
Total current liabilities 2,954,000 4,215,000
Note payable, noncurrent portion 4,809,000 4,518,000
Paycheck Protection Program loan, noncurrent portion 0 425,000
Other noncurrent liabilities 1,150,000 498,000
Total liabilities 8,913,000 9,656,000
Commitments and contingences (Note 9)
Stockholders’ equity:    
Common stock, $0.0001 par value; 75,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 10,591,716 and 2,171,316 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 1,000 0
Additional paid-in capital 254,781,000 226,800,000
Accumulated deficit (229,667,000) (219,826,000)
Total stockholders’ equity 25,115,000 6,974,000
Total liabilities and stockholders’ equity 34,028,000 16,630,000
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock 0 0
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock $ 0 $ 0
[1] The condensed consolidated balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements as of that date.