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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 16,848 $ 18,243
Restricted cash 123 144
Trade accounts receivable, net of allowance for credit losses and doubtful accounts of $570 and $552, respectively 7,545 7,154
Inventories 17,300 17,945
Prepaid and other current assets 944 844
Total current assets 42,760 44,330
Property and equipment, net 5,409 5,212
Right-of-use asset, net 1,146 1,258
Other assets 264 287
Intangible assets, net 386 400
Goodwill 3,205 3,205
Total Assets 53,170 54,692
Current Liabilities:    
Accounts payable 2,774 2,615
Accrued liabilities 4,345 4,349
Current portion of lease liability 471 462
Current portion of finance lease obligations 31 31
Line of credit 3,607 3,620
Total current liabilities 11,228 11,077
Long-term Liabilities:    
Lease liability, net 720 842
Finance lease obligation, net 95 103
Long-term debt, plus premium and less issuance cost 11,844 11,787
Total Liabilities 23,887 23,809
Commitments and Contingencies (note 11)
Stockholders’ Equity:    
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.000001 par value; 300,000,000 shares authorized; 87,313,701 shares issued and outstanding as of March 31, 2022 and 87,068,980 shares issued and outstanding as of December 31, 2021
Additional paid-in capital 266,681 266,068
Accumulated deficit (237,398) (235,185)
Total Stockholders’ Equity 29,283 30,883
Total Liabilities & Stockholders’ Equity $ 53,170 $ 54,692