v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 22,665,000 $ 6,523,000 [1]
Accounts receivable, net of allowance for doubtful accounts of $49 and $124 as of September 30, 2021 and December 31, 2020, respectively 514,000 770,000 [1]
Inventory 2,150,000 3,254,000 [1]
Prepaid expenses and other current assets 2,083,000 2,296,000 [1]
Total current assets 27,412,000 12,843,000 [1]
Property and equipment, net 1,678,000 2,759,000 [1]
Investment in limited liability company 645,000 833,000 [1]
Other assets 649,000 195,000 [1]
Total assets 30,384,000 16,630,000 [1]
Current liabilities:    
Accounts payable 1,292,000 881,000 [1]
Accrued liabilities 2,557,000 2,416,000 [1]
Paycheck Protection Program loan, current portion 0 918,000 [1]
Total current liabilities 3,849,000 4,215,000 [1]
Note payable, noncurrent portion 4,964,000 4,518,000 [1]
Paycheck Protection Program loan, noncurrent portion 0 425,000 [1]
Other noncurrent liabilities 1,206,000 498,000 [1]
Total liabilities 10,019,000 9,656,000 [1]
Commitments and contingences (Note 9)
Stockholders’ equity:    
Common stock, $0.0001 par value; 75,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 10,602,560 and 2,171,316 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 1,000 0 [1]
Additional paid-in capital 255,889,000 226,800,000 [1]
Accumulated deficit (235,525,000) (219,826,000) [1]
Total stockholders’ equity 20,365,000 6,974,000 [1]
Total liabilities and stockholders’ equity 30,384,000 16,630,000 [1]
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock 0 0 [1]
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.

Source